Insurance Risk Specialist

Aramco Overseas Company UK Ltd

We are seeking an Insurance Risk Specialist to join Insurance Management & Advisory Division (IMAD) of Financial Risk Management (FRMD) at Saudi Aramco.

IMAD is within Treasury and its function is to provide support across the Company through the identification, quantification and mitigation of casualty risks and to reduce the cost of insured and uninsured loss to the Company, its subsidiaries and affiliates.

Your primary role is to analyze risk exposures, design strategies and procure insurance to protect assets and mitigate the liabilities of a growing company. The Insurance Risk Specialist will be involved in all aspects of the Division's wide-ranging activities.

• Demonstrate excellent interpersonal and communication skills with the ability to establish personal credibility with various internal and external parties.
• Be flexible, team orientated, and able to work with minimum supervision to meet challenging deadlines and competent to plan and coordinate workloads for themselves and others.
• Add value by delivering work of the highest quality and be able to proactively overcome issues to ensure delivery.
• Possess good project management skills, a thorough understanding of contractual risk and be able to offer logical and innovative solutions to complex issues.
• Apply working knowledge of captive insurance companies.
• Develop strategy to mitigate or transfer risk.
• Analyze, critique and draft risk allocation, indemnity, insurance and other related contract provisions.
• Negotiate, implement and administer insurance and reinsurance placement structures (including optimal use of captive or alternative finance and transfer mechanisms).
• Develop and advise on the implementation of risk and insurance policy and procedures.
• Manage and coordinate broker, insurer, consultant and other service provider activities (including risk engineering and asset appraisals); Negotiate claims and pursue recovery from third parties.