Job Detail
-
Job ID 13561
-
Career Level Senior
-
Experience 10-14 Years
-
Gender Male Female
Job Description
VP Insurance & Provident Fund at Flydubai in ENI Sapphire Tower Office number 6, Al Ittihad Road. Port Saeed, Deira Dubai, UAE will design and manage all corporate and employee insurable risk through cost effective techniques in insurance, risk management, contract management and claims recovery, while overseeing the flydubai Provident Fund for the benefit and protection of flydubai and its employees. This is a Senior level full time job. And salary can range between 30000-60000 AED/month.
Responsibilities of VP Insurance & Provident Fund
- Defines and recommends corporate policies on all matters relating to insurable risk, ensuring alignment with company objectives.
- Identifies and evaluates the company’s system-wide risks and exposures arising from company operations, recommending and implementing appropriate risk management strategies.
- Negotiates and secures all insurance contracts, ensuring provisions are in the best interest of the company and its employees.
- Oversees and manages any mid-term changes and amendments to the insurance contracts.
- Evaluates (in consultation with the Legal department) the impact of international legal conventions, protocols, national legislation, acts, and statutes on the exposures of the company, taking remedial action based on the outcomes.
- Manages corporate claims and assists on employee benefit insurances, including conducting investigations, making recommendations, recovery actions and business continuity.
- Manages the insurance Contract Risk Management on all contracts entered by the company to ensure proper risk mitigation.
- Maintains and manages the Crisis Response Plan on a departmental basis as part of a wider company response framework.
- Builds and maintains relationships with key insurance stakeholders, including brokers, insurers, lawyers, and loss adjusters for the benefit of the company.
- Manage and optimizes corporate insurance budget, ensuring accurate invoicing and efficient management of recoverable amounts to maximize financial performance and align with strategic objectives.
- Provides internal and market intelligence on best practice, trends, claims movements and their impact to the company for enhanced decision making.
What you will do more
- Evaluates all existing processes and current insurance products, making recommendations as required and acts as subject matter expert on all insurance related matters.
- Manages, directs and monitors the flydubai Provident Fund and its communications to ensure it operates in an efficient and successful manner, including periodic reviews of performance, processes, vendors and outcomes.
- Forms part of the investment committee to offer recommendations on investment strategies, building and maintaining relationships with key stakeholders (trustees, administrators, fund managers) for the benefit of the company and its employees.
- Manages ad hoc insurance projects as required by the company.
Requirements for Role of VP Insurance & Provident Fund
- Bachelor’s Degree in Actuarial Science (Master’s Degree is a plus.)
- At least 10 years of experience in Insurance and Provident Fund Management.
Skills And Knowledge Desired
- Fluent in English.
- Customer Focus.
- Teamwork.
- Effective Communication.
- Personal Accountability & Commitment to achieve.
- Resilience and Flexibility (Can do attitude).
- Inspiring & Developing Others.
- Decision Making.
- Strategic Thinking.
- Business Acumen.
Attached Files
Other jobs you may like
-
First Officer Type Rated Flydubai Dubai
- @ Flydubai
- ENI Sapphire Tower Office number 6, Al Ittihad Road. Port Saeed, Deira Dubai, AE