About Company Insurance Manager - Egypt, Cairo. Our client, a prominent Saudi holding company with notable expansion, boasts an office in Cairo.
Seize the opportunity to join this firm and gain extensive experience, knowledge, and networking, all while playing a key role in its regional development.
As an "Insurance Manager," you will be central in protecting the company's interests from insurance-related risks. Your primary responsibilities will include:
Key Accountabilities Oversee insurance activities, ensuring compliance with the framework to protect interests from risks.Develop and implement insurance strategies, plans, policies, and processes group-wide.Identify, analyze, and minimize or transfer risk exposures in company activities.Develop an insurance philosophy tailored to business requirements.Evaluate brokers and insurance companies using a formal scoring system.Manage insurance intermediaries and relationships with insurers and reinsurers to optimize processes and transfer risks.Explore non-insurance solutions for uninsurable exposures.Overhaul claims systems and recommend improvements.Advise on insurance policy options, cover limits, and risk retentions.Foster a risk-aware culture through an Enterprise-Wide Risk Management program.Take responsibility for delivering effective insurance services, addressing specific needs and offering both transactional and consultative support.Recommend appointments and conduct annual surveys of insurance brokers and companies.Audit policy premiums and broker/insurance company SLAs to ensure compliance and effectiveness.Assist in negotiating broker remuneration and insurance premiums.Develop and review insurance programs and timelines with the insurance committee.Create board-level documents on corporate risk and insurance philosophy.Conduct site visits for policy compliance and promote insurance knowledge across subsidiaries.Compile quarterly claims reports for the Insurance Committee.Audit policy documentation to ensure alignment with commitments and avoid unreasonable terms.Monitor and guide the claims process, attending necessary meetings.Ensure timely renewal of all insurance policies.Manage claims recording, progression, and settlement.Handle all insurance-related correspondence and coordinate insurance policy additions/deletions.Liaise with Supply Chain Managers to update insured stock values quarterly.Assist in determining correct insured values and exposure limits through formal valuations.Knowledge, Skills, and Experience
Requires 7-10 years of experience in the insurance management field, with at least 3 years leading the insurance function in a large organization, preferably in a similar industry.Bachelor's or master's degree in management or insurance is necessary.Competencies include customer service, organization, problem-solving, attention to detail, analytical skills, and communication.
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