Senior Insurance Officer
ADNOC Group
Date: 1 day ago
City: Abu Dhabi
Contract type: Full time

JOB PURPOSE:
Supervise the implementation of Insurance Policies and procedures in coordination with ADNOC Corporate Insurance Division. Supports the activities related to blanket policies, direct policies, asset valuation and risk management aspects such as surveys, site visits, . Directs the preparation and control of the annual budget for insurance premiums. Supervises the administration of the Group Company’s existing insurance policies and claims.
KEY ACCOUNTABILITIES:
Job Specific Accountabilities
Internal
Minimum Qualification
Physical Effort
Supervise the implementation of Insurance Policies and procedures in coordination with ADNOC Corporate Insurance Division. Supports the activities related to blanket policies, direct policies, asset valuation and risk management aspects such as surveys, site visits, . Directs the preparation and control of the annual budget for insurance premiums. Supervises the administration of the Group Company’s existing insurance policies and claims.
KEY ACCOUNTABILITIES:
Job Specific Accountabilities
- Reviews the documentation for insurance claims.
- Reviews adequacy of the insurance clauses of ADNOC Global Trading Group’s contracting instruments.
- Reviews and comments on insurance policies submitted by contractors.
- Verifies premium calculations and match against the insurance policy conditions.
- Reviews assets valuation reports and match with the assets register.
- Update volumes, estimate premiums in the ETRM and finalize them.
- Assist in lodging completely documented insurance claims with the insurance companies.
- Participates in claims negotiation and claims settlement with the insurance companies.
- Reviews risk evaluation assessment reports and follow up of risk improvement recommendations.
- Supports the technical and commercial evaluation of insurance tenders under the supervision of ADNOC Corporate Insurance Division and aligned with relevant procurement processes.
- Manages the preparation of the annual insurance budget.
- Manages the preparation of the annual insurance circular for management.
- Organizes workshops and makes presentation to the Company’s staff for dissemination of insurance awareness and information.
- Comply with all UAE, ADNOC, ADNOC Global Trading and client Asset Integrity Management codes of practice.
- Plan, supervise and coordinate all activities in the assigned area to meet functional objectives.
- Train and develop the assigned staff on relevant skills to enable them to become proficient on the job and deliver the respective section objectives.
- Provide input for preparation of the Department budgets and assist in the implementation of the approved Budget and work plans to deliver Section objectives.
- Investigate and highlight any significant variances to support effective performance and cost control.
- Implement approved Section policies, processes, systems, standards and procedures in order to support execution of the Section’s work programs in line with Company and International standards.
- Comply with all applicable legislation and legal regulations.
- Contribute to the achievement of the approved Performance Objectives for the Section in line with the Company Performance framework.
- Design and implement new tools and techniques to improve the quality and efficiency of operational processes.
- Identify improvements in internal processes against best practices in pursuit of greater in order to define intelligent solutions for issues confronting the function.
- Support the institution of an HSE culture and ensure compliance with relevant HSE policies, procedures & controls and applicable legislation and sustainability guidelines across the Division in line with international standards, best practices and Corporate Code of Practices and to ensure integrity and safety of assets.
- Provide inputs to prepare progress reports for Company Management.
Internal
- Has daily contact with immediate associates for liaison and cooperation.
- Has regular contact with personnel in Operations and Technical Functions for data gathering and finalization of insurance issues.
- Resolves occasional queries received from Operation and Technical functions.
- None.
Minimum Qualification
- Degree in Accounting or Commerce or equivalent from a recognized University.
- 5 years’ experience in insurance and claim activities in a petroleum or major industrial concern, preferably in the UAE.
- Proficiency in English.
- Computer literacy including ability to use computer terminal/PC input and retrieve data, generate reports using spreadsheets, database and other software.
Physical Effort
- Minimal.
- Normally air-conditioned office environment.
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