Senior Specialist, Insurance II

Overview

Position Title :

Senior Specialist, Insurance II Department & Function :

Insurance Department, Corporate Finance Job Location :

Riyadh Overall Job Purpose :

Provide comprehensive insurance services to safeguard Ma’aden’s local and international assets, revenue and employees and to ensure that Ma'aden Directors and Officers are adequately covered in order for them to perform their duties

Key Accountabilities

General : Insurance Services :

Manage contract of external service Providers (consultants & contractors)

Contribute to Finance strategy

Running a consolidated insurance program (CIP) to cover all Ma’aden assets

Running the insurance program for overseas affiliates

Contribute to the establishment of a safety culture and ensure strict adherence to statutory and Ma\'aden's safety requirements, regulations, rules, processes, and procedures

Manage all resources (people, money, equipment, etc) responsibly, ensuring safety and continuous compliance with requirements (cost, quality, due dates, targets)

Performance management of direct reports (facilitate frequent performance dialogue and take corrective action / give recognition) and ensuring proper downward performance management

Communicate, facilitate, and execute change and improvement initiatives effectively

Negotiate cost effective and comprehensive insurance policies (with local and international brokers and insurers)

Ensure the identification and insurance of all insurable risks

Manage and ensure effective handling of all claims

Analyze premium figures in order to ensure fair and transparent transfer pricing

Review all Insurance policy terms and support the insurance brokers to negotiate acceptable terms

Review and redefine the strategic and tactical roles of the captive and cell captive

Assess major claims

Change management :

All Plans and team objectives consistently executed and achieved in a safe working environment

Productivity target achievement

Achievement of Saudization targets

Structure insurance and re-insurance programmed to optimize available funds and ensure adequate covers

Prepare and attend employee risk benefit and disability meetings

Draft insurance performance agreement and obtain approval

Provide advice to Affiliates and JVs

Leadership :

Establish High performance in the team through Goal clarity and alignment of all team members (performance direction)

Increase the Team skill level, succession, and career progressions though by enabling the achievement of development objectives for oneself and all team members

Change management and communication well communicated and effectively executed across the business

Creates a high-performance culture and values driven environment (team motivation and wellness) by Improving engagement and enablement levels that results in high performance

Governance and legal compliance (audits and inspection)

work alignment and collaboration across boundaries (value chain)

Get results through empowering others to act

Enable team members to achieve competence for career progression

Coaching and development of own staff and mentor

Avail staff for training and development required due to change initiatives

Avail staff for development opportunities (incl. rotation to other Affiliates; International assignments)

Ensures team motivation and team wellness

Lives company values and ensures compliance of team to the values.

Apply new ideas and work methods and opportunities for improving business results through team engagement.

Communications & Working Relationships :

Fully understand customer and supplier needs and ensure customer / partner service level agreements

Build effective working relationship with managers, peers, team members, customers, and suppliers

Liaison with service and support functions / upstream – downstream interface management

Ensure knowledge transfer within own area of responsibility

Build effective networks (internal and external) to the benefit of the team

Use opportunities and appropriate communication tools to effectively communicate information to the team

Develop and maintain relationships with local and international brokers and insurers

Manage relationships with all Ma’aden clients (Senior Management of Affiliates and Functions

Facilitate effective communication up and down from management and within own and other stakeholder teams

Effective interaction with supporting activities e.g., Risk management, HSE technical, engineering

Networking and collaboration with service providers (e.g., Finance, HR, IT, etc)

Identify and support inter-dependencies (synergies) with own and other departments within the value chain

Job relevant information :

Works under broad assignment guided by policies and overall programs

Work completions are subject to general review by top management

Qualifications, Experience & Skills Qualifications :

Bachelor’s degree on Finance, Science or Engineering

Relevant Insurance Qualification (e.g.CII) preferred.

Experience :

7 years relevant experience including at least 4 years insurance field.

Skills :

Proven leadership and management skills (people skills)

Ability to deal with unknown, combine unrelated data and information to create new insight

Leading expert knowledge of Insurance, trends, interpretation and application of industry knowledge

Global mindset

Sound business acumen

Advanced understanding of business processes and business value chain

Strategic thinking and ability to translate strategy into tactical plans

Design thinking

Entrepreneurial and commercial thinking

Change agent and ability to lead transformation

Advanced knowledge and understanding of practical impact of all relevant regulatory and statutory requirements

Advanced knowledge and understanding of Ma’aden codes, regulation, rules, procedures and processes

Ability to drive engagement and foster high performance culture

Creating and innovating

Discernment and sound decision-making skills

Resilience

Intercultural intelligence

Advanced verbal and written communication skills

Results driven (aligning customer / business / cost / strategy / expectations)

Expert discipline knowledge

Advance competence performing risk management and analysis

Fluent English

Safety

Safety advocate - anywhere and everywhere.

Drive and facilitate Ma'aden Safety Culture Transformation Program

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