Assistant Vice President

3 weeks ago

Hofuf, Saudi Arabia Intelligent Solutions HR Consultancy Full time

**General Overview**:
Our client a leading Insurance Broker is looking to hire a Assistant Vice President to join their team in Khobar, KSA.

**Main Functions and Responsibilities**:

- Develop and implement an efficient departmental structure to optimize operations and enhance productivity.
- Create and maintain a logical and streamlined workflow to ensure smooth processes and effective task management.
- Collaborate with the IT department to establish and maintain an appropriate IT system aligned with the specific needs of the department and the broader business.
- Cultivate and maintain strong relationships with brokers, ceding companies, underwriters, and reinsurers to facilitate effective communication, negotiation, and problem-solving.
- Conduct regular and structured meetings with major clients, insurers, and account executives to strengthen relationships, address concerns, and explore business opportunities.
- Stay informed about current underwriting practices, market trends, and industry developments to make informed decisions and provide expert advice to clients.
- Coordinate with the HR department to ensure staff training and development programs that emphasize awareness of current market practices and knowledge of best practices.
- Advise customers on material developments related to their claims, providing guidance and support throughout the process.
- Prepare well-crafted responses to insurers on behalf of clients or account executives, ensuring clarity and accuracy in communication.
- Demonstrate a proactive approach by questioning ambiguities and seeking clarification from clients when necessary to ensure accurate and complete information.
- Conduct technical underwriting analysis, geocoding, and pricing, collaborating with engineers for risk assessments and grading.
- Adhere to relevant rules and regulations concerning taxes, levies, policy issuance, data protection, money laundering, client monies, and terms of business agreements.
- Establish supplementary work procedures and ensure adherence within the department to maintain efficiency and compliance.
- Produce accurate and timely management information, providing valuable insights and reports as required to support decision-making processes.

**Requirements**:

- Strong attention to detail and organizational skills to ensure accuracy and efficiency in tasks and processes.
- Negotiation skills to effectively engage with brokers, insurers, and other parties in negotiating terms and conditions.
- Preferred educational background includes a university degree in Engineering.
- Certification in insurance is preferred.
- Reinsurance & Broker experience, demonstrating practical knowledge and expertise in the field.

Industry

Insurance

City

Khobar

Province

Khobar

Country

Saudi Arabia

Postal Code

31952

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