Insurance Manager (Marine Industry) - SA Consultancy

Job Purpose:

• Monitors, administers and analyses Company insurance activities



Reporting and Relationships:

• Reporting to General Counsel; supervises 1 position - Head of Insurance

• Regular contact with third parties, including representatives of insurance companies, underwriters and brokers, as well as with asset and/or damage assessors, and claim managers. Periodic contact with shareholder representatives and project task forces.



Job Context & Major Challenge(s)

• Works independently within a small team and determines own workload and day to day business activities.

• The jobholder plays an ongoing and active role in providing input in the formulating of insurance policies and procedures.

• Evaluates complex competitive tenders from insurers when bids are not submitted in comparable structure.

• Develops alternate strategies for placing of operational insurance, e.g. broker/insurer combination, independent broker, independent consultant/broker



Key Job Accountability:



1. Reviews and assesses all insurance contracts of the Company and affiliates (where required) to ensure Company’s and affiliates’ property, other assets and personnel are adequately covered, under the various insurance policies and their provisions. Highlights areas of concern and investigates potential problems with the Company’s insurance consultants and management until questions are resolved. Initiates the placement of temporary or special insurance to meet operational needs as required from time to time.



2. Collects necessary information and data required for renewal of the Company’s and its affiliates’ insurance policies. Reviews and analyses the existing insurance policies and provides specific recommendations with financial support. Prepares annual insurance premium budget.



3. Monitors and carries out accounting insurance duties for the full range of policies held by the Company and its affiliates, and is required to be fully conversant with all their terms and conditions.



4. Provides advice to various Company departments and contractors at the tender stage on coverage required for Insurance purposes. Participates in analyzing the scope of work and possible risks, to ensure that the Company is fully covered.



5. Assesses contractors’ insurance policies and advises management of adequacy of coverage and, when necessary, what amendments are required to adequately meet the Company’s needs.



6. Notifies the Company’s Legal department and contract administration groups when insurance clauses are revised and updated to facilitate the revision of clauses used in contracts and agreements.



7. Advice different departments including Legal on the magnitude of the risk and the extent of the insurance coverage to ascertain if they are in compliance with the Company’s requirements and insurance coverage.



8. Responsible for the timely notification of insurers of all incidents which will, due to their significance, result in a claim including marine claims. Advises the concerned department(s) on required reports and documents necessary to prepare a formal claim. Files the claim with the insurers and arranges visits for inspectors, surveyors and consultants. Assists in negotiating all claims to a final settlement.



9. Maintains and updates the Insurance Register. Also updates all insurance files and computer records and ensures they are properly labeled for easy access.



10. Evaluates proposals submitted by local insurance companies and provides either verbal or written appraisals as required and informing management of issues and opportunities.



11. Liaises with the Company’s project teams to define and collect information for insurance underwriters when additional and/or specific insurances are required. Prepares tender package and coordinates all necessary clarification meetings. Assists in the evaluation of bids received and actively manages the administration of the resulting program.

Job Details

Date Posted:	2014-07-23
Job Location:	Doha, Qatar
Job Role:	Management
Company Industry:	Oil/Gas

Preferred Candidate

Career Level:

Management

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Company:

Date Posted: July 23, 2014 at 03:46PM

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Insurance Manager (Marine Industry) - SA Consultancy