Senior Insurance Specialist

We are seeking a highly skilled Insurance Specialist to support and manage corporate and project-related insurance activities across multiple business units. The successful candidate will play a key role in insurance procurement, claims management, policy administration, risk assessment, and project insurance requirements while ensuring compliance with company standards and industry best practices. Key Responsibilities • Support daily insurance operations across all business units in line with established policies and procedures. • Conduct risk assessments and recommend appropriate insurance coverage for company assets, projects, and operational activities. • Manage annual insurance renewals, policy amendments, additions, deletions, and policy administration activities. • Coordinate insurance claims reporting and facilitate claim settlements with insurers, brokers, and loss adjusters. • Prepare and maintain loss records, loss-ratio reports, and insurance performance analysis. • Monitor underwriting requirements and ensure compliance with applicable insurance regulations and standards. • Analyze insurance data and coverage effectiveness while identifying opportunities for cost optimization. • Support the management of commercial and operational risks across projects and business functions. • Build and maintain strong relationships with insurance companies, brokers, underwriters, and claims professionals. • Review contracts, tender documents, and project agreements to assess insurance obligations and compliance requirements. • Support lender-driven projects and contractual insurance obligations, including CTA, PPA, EPC, FA, CA, and related agreements. • Review and coordinate insurance schedules for contracts and project documentation. • Manage project insurance requirements including CAR/DSU, Marine DSU, SPPI, CPM, and other specialized insurance policies. • Coordinate with brokers, consultants, and legal advisors regarding insurance matters and documentation. • Maintain accurate and organized insurance records, documentation, and reporting systems. Requirements • Bachelor's Degree in Finance, Accounting, Economics, Business Administration, Public Administration, or a related discipline. • Minimum 5-7 years of insurance experience in a specialized or technical insurance function. • GCC experience is preferred. • Professional qualifications such as CII, CILA, III, or equivalent insurance certifications are highly desirable. • Strong knowledge of insurance procurement, claims management, underwriting processes, and local insurance markets. • Experience working directly with insurers, underwriters, brokers, claims managers, and loss adjusters. • Strong understanding of insurance laws, regulations, and compliance requirements. • ERP knowledge, preferably SAP, will be an advantage. • Experience supporting lender-driven projects and associated insurance requirements. • Proven experience in project insurance programs, reinsurance placements, and complex commercial risks. • Familiarity with construction, infrastructure, energy, or large-scale project insurance environments is highly preferred. • Strong analytical, organizational, and stakeholder management skills. • Excellent communication skills with the ability to engage effectively with internal and external stakeholders.