Insurance Officer

Required Insurance Officer with minimum 5 years’ experience for a reputed infrastructure company in Dubai.

Job Summary:

The Insurance Officer is responsible for managing insurance policies, claims, and risk assessments. The role includes coordinating with clients, insurers, and internal departments to ensure adequate coverage, policy compliance, and prompt claims resolution. The Insurance Officer also provides advisory services to minimize risks and optimize insurance costs.

Key Responsibilities:

1. Policy Management:
   • Evaluate and recommend appropriate insurance policies based on the organization’s or client’s needs.
   • Ensure timely renewal of insurance policies and maintain up-to-date policy documentation.
   • Monitor and manage insurance premium payments and endorsements.
2. Claims Handling:
   • Assist in the submission, documentation, and follow-up of insurance claims.
   • Coordinate with adjusters, brokers, and insurance companies to resolve claims efficiently.
   • Maintain accurate records of claims and monitor their progress.
3. Risk Assessment and Mitigation:
   • Analyze risks associated with business activities and recommend insurance coverage solutions.
   • Provide guidance on strategies to minimize and manage risks.
   • Conduct periodic reviews to assess insurance coverage adequacy.
4. Client and Stakeholder Communication:
   • Liaise with clients, insurance providers, brokers, and other stakeholders.
   • Provide clear and concise insurance advice to internal teams or external clients.
   • Address inquiries and resolve insurance-related issues promptly.
5. Compliance and Reporting:
   • Ensure adherence to relevant laws, regulations, and insurance standards.
   • Prepare and present periodic insurance reports to management.
   • Maintain compliance with the organization’s risk management framework and insurance protocols.
6. Process Improvement:
   • Identify opportunities for improving insurance-related processes.
   • Keep updated with industry trends, regulatory changes, and emerging risks.
   • Support the development and implementation of insurance policies and procedures.

Qualifications and Skills:

• Education: Bachelor’s degree in Commerce, Insurance, Risk Management, Finance, or a related field.
• Experience: 5 years of experience in insurance management, claims handling, or related fields.
• Experience working with insurers, brokers, and underwriters is a plus.
• Skills:
• Knowledge of insurance policies, products, and regulations.
• Strong analytical and risk assessment skills.
• Excellent communication and interpersonal skills.
• Detail-oriented with strong organizational abilities.
• Proficiency in insurance software and MS Office Suite (Excel, Word, etc.).

Key Competencies:

• Problem-solving and decision-making abilities.
• Customer service orientation.
• Ability to handle multiple tasks and work under pressure.
• Adaptability and willingness to stay updated with changing regulations.

Work Environment:

• Office-based with occasional travel for client meetings or site assessments.
• Some roles may require field visits to inspect insured properties or assess risk.

This job description outlines the general responsibilities and qualifications of an Insurance Officer. Specific duties and requirements may vary depending on the organization's structure and industry.

Job Type: Full-time