Risk Management Expert

4 days ago


Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time
Job Summary

The Islamic Development Bank seeks a Senior Specialist to manage claims and recoveries operations in the Legal Affairs Department. The successful candidate will have a strong background in insurance, economics, finance, law, or business administration and excellent analytical, communication, and problem-solving skills.

Main Responsibilities

  1. Leads the investigation of claims submitted by customers to determine eligibility and verify information.
  2. Collaborates with Underwriters and other stakeholders to gather relevant information for claim analysis.
  3. Participates in the recovery process, including coordinating with buyers and debt collection agencies.
  4. Provides technical guidance to legal counsels on claims and recovery matters.
  5. Prepares reports on claims and recoveries, identifying trends and defining action plans to minimize delinquencies.

Requirements

  • Bachelor's Degree in Insurance, Economics, Finance, Law, or Business Administration.
  • At least 8 years of experience in managing claims and recovery operations or risk underwriting.
  • Good command of written and spoken English essential, additional languages such as Arabic or French an added advantage.
  • Professional certifications in insurance or related fields preferred.


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