AF24563 - Assistant Manager - Property | Orient

Department: Insurance
Country: United Arab Emirates
Location: Dubai | UAE
Closing Date: 24-Oct-2016
Al-Futtaim

Established in the 1930s as a trading business, Al-Futtaim is one of the most progressive regional business houses headquartered in Dubai, United Arab Emirates.

Al-Futtaim employs in excess of 44,000 people, operates through more than 200 companies and represents more than 225 international brands across industries as diverse as retail and wholesale trading, distribution, real estate development, leisure and hospitality, insurance and financial services. The group has significantly expanded its business operations in recent years through a strategic acquisition plan and has entered a number of new territories, increasing its footprint beyond the GCC and Greater Middle East to encompass Africa, South East and North Asia, Australasia, East Africa and Europe.

Entrepreneurship and rigorous customer focus has enabled Al-Futtaim to grow its business by responding to the changing needs of the customers and societies in which it operates. Al-Futtaim is committed to offering customers an unrivalled choice of the world’s best brands with exceptional standards of customer service and after sales support.

Structured into four operational divisions; automotive, financial services, real estate and retail, Al-Futtaim maintains a decentralised approach, giving individual businesses flexibility and versatility to maintain a competitive stance. This benefits employees, providing a clearly defined work culture where individuals are empowered with authority and responsibility for their work.

The success of Al-Futtaim is attributed to proactively managing change whilst upholding the values of integrity, service and social responsibility. The majority of businesses, built on a portfolio of world leading brands, dominate their sector.

About the business:

Orient Insurance PJSC (Orient), an Al-Futtaim group company, is a UAE based insurance company headquartered in Dubai. The company is currently present in seven countries in the Middle East and South East Asia.

Orient has an "A" rating from both Standard and Poor's and A.M. Best. The company is also accredited with ISO 9001 Quality Management Certification. Orient is founded on a well-structured transparent corporate culture, highly professional standards clear strategy and employee engagement.

About the Job:

The duties and responsibilities for this role are:

UNDERWRITING

Ensure proper underwriting of insurance risks in keeping with the guidelines by supplying experience statistics and market intelligence. Compute appropriate premium accurately and to facilitate proper data entry process and generation of appropriate policy documents.

REINSURANCE

Thorough knowledge on reinsurance concepts and should be able to decide whether a risk has to be shared with Reinsurers based on the Company Treaty/guidelines and calculate the reinsurance cessions and negotiate with the reinsurers.

RISK INSPECTION

Assess risk inspection reports to ascertain acceptability of risks and recommend appropriate risk improvement measures in order to ensure sound insurability of risks. Should be able to visit the site along with the risk engineer if required.

POLICY DOCUMENTS

Co-ordinate, review and approve policies and ensure accuracy of the contents of the policy documents and arrange prompt dispatch in order to provide an efficient service to customers, brokers, development officers and participating re-insurers.

CO-ORDINATION

Co-ordinate with customers, Branches, brokers and development officers and other insurance companies to obtain required additional underwriting particulars in order to carry out proper risk assessment and provide appropriate solutions to their problems.

SYSTEMS

To liaise with the IT Department for continuous improvements/corrections in the Policy issuing systems in order to ensure smooth functioning of the IT Systems.

TRAINING

To conduct technical trainings for newly joined staff in the head office and the branches in order to enhance their knowledge levels

STATISTICS

Prepare monthly premium and reinsurance treaty statistics and other statistical information required to facilitate Management’s decision making process.

About you:

To be successful in winning this role, the candidate should possess the following qualifications:

  • Graduate of Bachelor's degree or Diploma in Insurance. 
  • Should habe 6 to 8 years of experience in Insurance industry.
  • Knowledgeable in principles and practices of insurance.
  • Must be analytical with excellent communication and presentation skills.
Note: you will be required to attach the following: 1. Resume/CV
 
Al-Futtaim offers highly engaging and supportive work environments in a culture that values, recognises and rewards quality performance.