Senior Financial Analyst Insurance

This role required candidate to permanently relocate at Dhahran Saudi Arabia.

About the Company

This company engages in the exploration production transportation and sale of crude oil and natural gas. It operates through the following segments: Upstream Downstream and Corporate. The Upstream segment includes crude oil natural gas and natural gas liquids exploration field development and production. The Downstream segment focuses on refining logistics power generation and the marketing of crude oil petroleum and petrochemical products and related services to international and domestic customers. The Corporate segment offers supporting services including human resources finance and information technology. The company was founded on May 29 1933 and is headquartered in Dhahran Saudi Arabia.

Job Summary

We are seeking an Insurance Risk Specialist to join Insurance Management & Advisory Division (IMAD) of Financial Risk Management Department (FRMD) at This Company. IMAD is within Treasury and its function is to provide support across the Company through the identification quantification and mitigation of casualty risks and to reduce the cost of insured and uninsured loss to the Company its subsidiaries and affiliates. The Insurance Risk Specialist will analyze risk exposures design strategies and procure insurance to protect assets and mitigate the liabilities of a growing company. The Insurance Risk Specialist will be involved in all aspects of the Divisions wideranging activities.

Key Responsibilities:

• Demonstrate excellent interpersonal and communication skills to establish credibility with internal and external stakeholders.
• Be flexible teamoriented and able to work with minimal supervision meeting challenging deadlines and effectively planning and coordinating workloads for self and others.
• Deliver work of the highest quality and proactively address issues to ensure successful delivery.
• Possess strong project management skills understanding contractual risks and providing logical and innovative solutions to complex issues.
• Apply knowledge of captive insurance companies and develop strategies to mitigate or transfer risk.
• Analyze critique and draft risk allocation indemnity insurance and other contract provisions.
• Negotiate implement and administer insurance and reinsurance placement structures including utilizing captive or alternative finance and transfer mechanisms.
• Develop and advise on the implementation of risk and insurance policies and procedures.

Requirements:

• Willingness to relocate to Dhahran Saudi Arabia.
• Hold a Bachelors or Masters degree preferably in insurance or risk management from an accredited program. A professional certification such as ACII CMIRM SIRM or CPCU is preferred.
• Possess a minimum of twelve years experience in the oil & gas petrochemical industry or a major corporate organization.
• Have significant relevant corporate risk and insurance expertise acquired from industry international broking risk management or insurance company background.
• Ideally have experience in the energy and petrochemical industry sector.