Senior Specialist, Insurance II

Job Description

• Position Title: Senior Specialist, Insurance II
• Department & Function:Insurance Department, Corporate Finance
• Job Location: Riyadh

Overall Job Purpose :

Provide comprehensive insurance services to safeguard Ma’aden’s local and international assets, revenue and employees and to ensure that Ma'aden Directors and Officers are adequately covered in order for them to perform their duties

Key Accountabilities:

General: Insurance Services:

• Manage contract of external service Providers (consultants & contractors)
• Contribute to Finance strategy
• Running a consolidated insurance program (CIP) to cover all Ma’aden assets
• Running the insurance program for overseas affiliates
• Contribute to the establishment of a safety culture and ensure strict adherence to statutory and Ma'aden's safety requirements, regulations, rules, processes, and procedures
• Manage all resources (people, money, equipment, etc) responsibly, ensuring safety and continuous compliance with requirements (cost, quality, due dates, targets)
• Performance management of direct reports (facilitate frequent performance dialogue and take corrective action/give recognition) and ensuring proper downward performance management
• Communicate, facilitate, and execute change and improvement initiatives effectively
• Negotiate cost effective and comprehensive insurance policies (with local and international brokers and insurers)
• Ensure the identification and insurance of all insurable risks
• Manage and ensure effective handling of all claims
• Analyze premium figures in order to ensure fair and transparent transfer pricing
• Review all Insurance policy terms and support the insurance brokers to negotiate acceptable terms
• Review and redefine the strategic and tactical roles of the captive and cell captive
• Assess major claims

Change Management:

• All Plans and team objectives consistently executed and achieved in a safe working environment
• Productivity target achievement
• Achievement of Saudization targets
• Structure insurance and re-insurance programmed to optimize available funds and ensure adequate covers
• Prepare and attend employee risk benefit and disability meetings
• Draft insurance performance agreement and obtain approval
• Provide advice to Affiliates and JVs

Leadership:

• Establish High performance in the team through Goal clarity and alignment of all team members (performance direction)
• Increase the Team skill level, succession, and career progressions though by enabling the achievement of development objectives for oneself and all team members
• Change management and communication well communicated and effectively executed across the business
• Creates a high-performance culture and values driven environment (team motivation and wellness) by Improving engagement and enablement levels that results in high performance
• Governance and legal compliance (audits and inspection)
• work alignment and collaboration across boundaries (value chain)
• Get results through empowering others to act
• Enable team members to achieve competence for career progression
• Coaching and development of own staff and mentor
• Avail staff for training and development required due to change initiatives
• Avail staff for development opportunities (incl. rotation to other Affiliates; International assignments)
• Ensures team motivation and team wellness
• Lives company values and ensures compliance of team to the values.
• Apply new ideas and work methods and opportunities for improving business results through team engagement.

Communications & Working Relationships:

• Fully understand customer and supplier needs and ensure customer/partner service level agreements
• Build effective working relationship with managers, peers, team members, customers, and suppliers
• Liaison with service and support functions/upstream – downstream interface management
• Ensure knowledge transfer within own area of responsibility
• Build effective networks (internal and external) to the benefit of the team
• Use opportunities and appropriate communication tools to effectively communicate information to the team
• Develop and maintain relationships with local and international brokers and insurers
• Manage relationships with all Ma’aden clients (Senior Management of Affiliates and Functions
• Facilitate effective communication up and down from management and within own and other stakeholder teams
• Effective interaction with supporting activities e.g., Risk management, HSE technical, engineering
• Networking and collaboration with service providers (e.g., Finance, HR, IT, etc)
• Identify and support inter-dependencies (synergies) with own and other departments within the value chain

Job Relevant Information

• Works under broad assignment guided by policies and overall programs
• Work completions are subject to general review by top management

Qualifications, Experience & Skills:

Qualifications:

• Bachelor’s degree on Finance, Science or Engineering
• Relevant Insurance Qualification (e.g.CII) preferred.

Experience:

• 7 years relevant experience including at least 4 years insurance field.

Skills:

• Proven leadership and management skills (people skills)
• Ability to deal with unknown, combine unrelated data and information to create new insight
•  Leading expert knowledge of Insurance, trends, interpretation and application of industry knowledge
• Global mindset
• Sound business acumen
• Advanced understanding of business processes and business value chain
• Strategic thinking and ability to translate strategy into tactical plans
• Design thinking
• Entrepreneurial and commercial thinking
• Change agent and ability to lead transformation
• Advanced knowledge and understanding of practical impact of all relevant regulatory and statutory requirements
• Advanced knowledge and understanding of Ma’aden codes, regulation, rules, procedures and processes
• Ability to drive engagement and foster high performance culture
• Creating and innovating
• Discernment and sound decision-making skills
• Resilience
• Intercultural intelligence
• Advanced verbal and written communication skills
• Results driven (aligning customer/business/cost/strategy/expectations)
• Expert discipline knowledge
• Advance competence performing risk management and analysis
• Fluent English

Safety:

• Safety advocate - anywhere and everywhere.
• Drive and facilitate Ma'aden Safety Culture Transformation Program