Finance Insurance Officer

We are seeking a dedicated Finance Officer to join our team focusing on risk management insurance coordination and trade finance activities. The ideal candidate will have experience working in a large organization managing general insurance policies handling trade finance requirements and maintaining effective relationships with banks and insurance vendors.

Key Responsibilities:

• Manage and maintain all General Insurance policies including Property All Risk Marine Motor Fleet and others.
  
• Liaise with insurance companies to ensure compliance with Trade and General Insurance requirements.
  
• Coordinate with the Projects team on erection insurance and integrate completed projects into general insurance coverage.
  
• Negotiate with insurance brokers to renew all insurance policies before expiry securing the best possible terms and rates.
  
• Initiate and manage insurance claims in coordination with relevant departments until settlement.
  
• Assess risk activities and recommend or arrange appropriate new insurance policies.
  
• Handle the opening of import LCs as required and ensure timely release of import documents from banks handing them over to the Supply Chain team.
  
• Maintain strong relationships with banks and financial institutions providing necessary documentation and updated KYC details.
  
• Manage official correspondence with banks and other entities via calls and emails concerning both organizational and staff matters.
  
• Provide essential information to internal and external auditors to ensure smooth audit processes.
  
• Prepare Bank Reconciliation Statements and support financial reporting requirements.
  

To be considered for this role you need to mee the following criteria:

• Bachelors degree in Commerce CA Inter or CMA Inter qualification.
  
• 23 years of relevant experience in risk management and trade finance within a large organization.
  
• Proficiency in MS Excel and ERP systems particularly SAP.
  
• Fluency in English; knowledge of Arabic is an added advantage.
  
• Experience dealing with banks and insurance vendors.
  

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Disclaimer: Please note that Black Pearl will never ask any of its candidates for any payment in exchange for our service in helping candidates find a job. Our service is free to our candidates and the recruitment fee is paid by our clients. If you receive any emails SMS or calls requesting you to pay from someone claiming to be an employee of Black Pearl before they can process your application please report and write an email to or contact our office at.