The Role
The Vice President of Insurance oversees the insurance function, manages claims, advises on budgets, conducts risk assessments, negotiates contracts, and collaborates with stakeholders.
Summary Generated by Built In
Job Purpose
• Efficient operation of the insurance function to promptly and professionally support stakeholders within ALDAR group inline with the planned growth.
• The position requires independently assessing the risk, devise and implement risk transfer strategies through contracts and insurance solutions as per delegation.
Roles and Responsibilities
• Assist in devising insurances renewal strategies for optimization and implement as advised.
• Liaise internally and externally for the insurances program cycle; strategy, data collection, collation, issuance, seeking terms, finalization and documentation.
• Manage claims cycle in terms of recording, advice, follow up and closure.
• Advice on budgets and manage premium payment.
• Conduct Risk assessment and independently set indemnity limits in contracts as per Aldar’s internal guidelines.
• Independently Review, Negotiate and draft Indemnity Causes in contracts throughout its cycle.
• Advice during end-end contract cycle; tendering to closure towards advice, negotiation, resolution of issues and conformance of contractual obligations.
• Advice businesses on insurance queries across functions and closure thereof.
• Liaise and manage internal and external stakeholders including internal entities, brokers, insurers, loss adjuster and surveyors.
Years of Experience / Qualifications / Skills
- Min of 10+ years of insurance experience, with 3+ years with a broker, insurance company, a real estate or sizeable company preferably in the MENA region.
- Min of 4+ years of managerial experience.
- Major general insurance lines experience especially property and liability.
- Bachelor’s degree in finance, accounting, business, law or equivalent.
- Professional insurance certification (ACII or CPCU or equivalent).
- Comprehensive understanding of risk assessment and quantification.
- Hands on experience of managing different general lines of insurance.
- Adequate knowledge of contract law and indemnity provisions.
- Strong independent working and prudent decision-making skills.
- Strong ability to lead, negotiate, resolve and close issues.
Skills Required
- Minimum of 10+ years of insurance experience
- 3+ years with a broker or insurance company
- Minimum of 4+ years of managerial experience
- Bachelor's degree in finance, accounting, business, law or equivalent
- Professional insurance certification (ACII or CPCU or equivalent)
- Comprehensive understanding of risk assessment and quantification
- Hands on experience of managing different general lines of insurance
- Adequate knowledge of contract law and indemnity provisions
- Strong independent working and decision-making skills
- Strong ability to lead, negotiate, resolve and close issues
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The Company
What We Do
AlDar Properties was incorporated in 2004 by the founder, Mr. Sulaiman Al-Banai. The company is engaged in property management of multi-family residential properties & commercial properties throughout Doha, Qatar. We are focused on maintaining a large diverse portfolio of properties; furnished, semi-furnished & unfurnished. Here at AlDar Properties, we are committed in giving our valued customers the best quality at affordable prices, with no agency fee. We are simply the experts in the art of real estate with a team that is trained to understand all of your needs and provide you with clear expert advice to help you easily navigate the process and give you the best living experience
