Controller, Finance (Insurance)
Job description / Role
Employment: Full Time
About the company
ADNOC Distribution is on a journey to change the retail landscape, delivering tangible actions to facilitate progress in providing sustainable mobility solutions for our customers. We are taking bold and transformative steps to grow our domestic and international footprint for our customers.We are customer-centric, offering digitally enabled journeys and providing innovative products and services to drive accelerated and sustainable development for the future of mobility. ADNOC Distribution markets, sells, and distributes transportation fuel to both retail and commercial customers.
We also run non-fuel services at our service stations.
About the job
Insurance specialist, experience in handling insurance function in large corporates or insurance companies, manage overall insurance risk coverage, claims management, risk surveys and resolution, demonstrated leadership qualities and excellent communication skills.
Insurance policy management and negotiation- Conduct a detailed analysis of policy coverage, indemnity and insurance clauses, policy wording, claims status, and risk management procedures to recommend strategic changes that enhance ADNOC Distribution insurance framework.
- Lead the negotiation and placement of cost-effective insurance policies, ensuring comprehensive coverage that aligns with ADNOC Distribution's risk profile.
- Review and negotiate insurance contracts and endorsements to ensure compliance with ADNOC Distribution's policies and standards.
- Oversee the technical adjustment of claims across different policies, implement robust claims procedures, and coordinate with external stakeholders to expedite claim resolution.
- Manage the insurance claims process and liaise with insurers, brokers, adjusters, and legal advisors to ensure timely and fair settlement of claims.
- Drive the technical evaluation and risk engineering activities, promoting a culture of risk management and ensuring compliance with ADNOC Distribution's policies and strategies.
- Perform risk assessments with risk owners for insurable risks and advise management on the appropriate insurance coverage required.
- Monitor insurance market trends and regulatory changes and assess their impact on ADNOC Distribution's insurance strategy and operations.
- Manage the annual insurance budget, liaising with relevant departments to report on actual expenditure and optimize financial resources.
- Prepare and analyze reports and statistics on insurance claims and premiums and identify areas for improvement and optimization.
- Develop and deliver training programs to instil a strong insurance culture within the team and across other departments.
- Provide expert advice on M&A activities from an insurance perspective and manage the insurance program for ADNOC Distribution's local and international subsidiaries.
- Provide advice and guidance to business units on insurance-related matters and risk mitigation strategies.
- Develop and maintain effective relationships with internal and external stakeholders to ensure alignment and coordination of insurance activities.
- Bachelor's degree in business administration, finance, or a related field.
- 10 years of experience in insurance and risk management.
- Proven experience in negotiating and managing insurance policies.
- Experience in claims management and resolution.
- Experience in conducting risk assessments and implementing risk mitigation strategies.
- Strong negotiation skills.
- Excellent analytical and problem-solving skills.
- Strong financial and budgeting skills.
- Excellent communication and interpersonal skills.
- Proficiency in risk assessment and risk management procedures.
- Comprehensive knowledge of insurance market trends and regulatory changes.
- In-depth understanding of policy coverage, indemnity and insurance clauses, and policy wording.
- Knowledge of M&A activities from an insurance perspective.
About the Company
We are one of the world's leading energy producers, and a primary catalyst for Abu Dhabi’s growth and diversification.
We operate across the entire hydrocarbon value chain, through a network of fully-integrated businesses, with interests that range from exploration, production, storage, refining and distribution, to the development of a wide-range of petrochemical products.
Since 1971, we have created thousands of jobs, driven the growth of a diverse knowledge-based economy, and played a key role in Abu Dhabi’s global emergence.
Today, we continue to look for new and innovative ways to maximize the value of our resources, pioneering those approaches and technologies that will ensure we are able to meet the demands of an ever-changing energy market, and continue to have a positive impact on the Abu Dhabi economy for generations to come.
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