Head of Non-Energy

VINIRMA Consulting is currently looking for Head of Non-Energy for one of its clients which is a leading Organizations in Qatar with the following terms and conditions.

Knowledge & Experience:

·         Bachelor’s Degree in any discipline

·         A Diploma or Master’s degree in Risk & Insurance Management is a plus.

·         ACII from the Chartered Insurance Institute (CII) as minimum. Other insurance qualifications added advantage

·         10 to 15 years’ experience in insurance business with at least 5 years in supervisory level in a Nonenergy lines of business (Property, Engineering, Casualty and Financial product lines), oil/gas and

·         petrochemical environment

·         Thorough technical knowledge of non-energy insurance subjects, products and capability to pricing

·         Strong understanding of basic sales principles, negotiation skills and demonstrate a competitive drive

Skills & Competencies:

·         Business Understanding Skills

·         Report Writing & Drafting Skills

·         Analytical Skill and Detail Oriented skill

·         Decision making skill

·         Reinsurance

·         Underwriting ability

·         Policies, Procedures & Work Methods Knowledge

·         Analytical capabilities

·         Costing & Budgeting Skills

·         Communication Skills

·         Negotiation Skills

·         Planning & Organizing Skills

ROLE PURPOSE:

Responsible for the assisting in the development and formulation of the underwriting strategy for Organization, based on which the underwriting policies, procedures, plans and manuals are established that aids in achieving group underwriting results. The Head of Non-Energy will carry Research & Development to design new insurance products, product mixes; and to plan the launching of new products across Organizationsynergizing capabilities; holding client seminars, conferences, conducting awareness programs and ensuring adherence to the policies and procedures, laws, in order to achieve Organization’sset goals and objectives. Make steady growth in the Non-Energy business while maintaining healthy loss ratios.

KEY ACCOUNTABILITIES:

Supervision of Subordinates

·         Organise and manage the activities and work of team of underwriters and subordinates to ensure that all work within a specific area of underwriting activity is carried out in an efficient and procedurally compliant manner.

Underwriting

·         Manages & oversees the Non-Energy insurance underwriting program.

·         Promote and develop Non-Energy book of business in a profitable manner

·         Provide strategic direction, underwriting control and action for Non-Energy portfolio

·         Act as the focal point for Underwriting Non-Energy within the underwriting department

·         Lead Product Underwriting best practices

·         Ensure proper application of underwriting methodology and risk appetite of new and renewal business

·         Assemble and analyse data in order to estimate Organization’s insurance premium and provide quotation.

·         Review Organization’s endorsement requests and loss control reports.

·         Appraise and underwrite Organization’s insurance applications.

·         Compute competitive quotations in line with the Company’s underwriting philosophy and send it to the Underwriting Manager for review and approval, to be discussed with clients.

·         Set the premium rating and guidelines that may aid the insurance business units in achieving the desired operating results.

·         Prepare technical accounts per class of insurance business.

·         Put up budget and business plan for Non-Energy portfolio

·         Assist in calculating solvency margins and assist with the calculation of adequate retention level

Reinsurance

·         Prepare Organization’s reinsurance requests in coordination with the Reinsurance Manager, and submit it to Underwriting Manager for review and management approval.

·         Purchase reinsurance (only with approval) when needed, review reinsurance certificates and contracts, ensure it meets with our requirements and complete reinsurance documentation

·         Ensure that business acceptances and computations are in line with Organization’s reinsurance treaty

·         arrangements and prepare appropriate supporting reinsurance documents.

·         Support the Reinsurance Function in negotiations and determination of business requirements.

Risk Exposure

·         Determine individual risk acceptability, pricing, coverage, terms and liaise with the Chief Officer General Insurance on Organization’s risks of a complex nature.

·         Identify and calculate the risk of loss from Organization’s policyholders.

·         Specify conditions to be imposed on different types of policies, to minimize risk.

·         Ensures balanced portfolio and business profitability.

·         Review accumulation on our participation on the same risk or other neighbouring risk

·         Manage accumulation table by updating on regular basis

Coordination

·         Closely coordinate with the Reinsurance & Claims section to ensure smooth functioning.

·         Support the Reinsurance Function in negotiations and determination of business requirements. Brokers, Agents and ceding companies

·         Directly coordinate with international brokers and agents and insurance companies for Underwriting

·         business

·         Drive the broker’s performance and support Claims and Credit Control activity where necessary.

Documentation

·         Ensure policy and accounting documentation are completed accurately as well as in a timely manner

·         and sent to the clients/brokers/ceding companies/reinsurers

·         Provide timely, accurate and complete progress reports to the Underwriting Manager on the financial and operational progress of the Business Line and the achieved results

Terms and conditions

Joining time frame: 2 weeks (maximum 1 month)

Should you be interested in this opportunity, please send your latest resume in MS Word format at the earliest at [email protected]