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Product & Relationship Manager-Insurance| Al Futtaim Finance | Dubai, UAE

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Date: 21-May-2019

Location: Dubai, AE

Company: Al Futtaim Private Company LLC

Job Requisition ID: 35253 

No two days are the same at Al-Futtaim, no matter what role you have. Our work is driven by the desire to make a difference and to have a meaningful impact with the goal of enriching everyday lives. Take our engaging and supportive work environment and couple it with a company culture that recognises and rewards quality performance, and what do you get? The chance to push the limits every single day.


As a humble family business that started on the banks of the Dubai Creek in the 1930s, Al-Futtaim has expanded to a presence in 31 countries, a portfolio of over 200 companies, and 42,000 employees. You’ll find us in industries ranging from automotive and retail, to finance and real estate, and connecting people with international names like Lexus, Ikea, Robinsons, and Adidas. Our team is proudly multicultural and multinational because that kind of diverse representation gives us the global mindset to grow and impact the people, markets, and trends around us.


Come join us to live well, work better, and be the best.

Job purpose:

The successful candidate will be responsible for develop and execute the insurance segment strategy for Al-Futtaim Finance to support Al-Futtaim Group businesses in the UAE, KSA, Qatar, Oman, Egypt, Sri Lanka and East Africa. Cultivate and foster a deep understanding of the insurance market dynamics and regulations across each jurisdiction.

The ideal person will relish the opportunity to conceptualize, develop and roll insurance products and services in line with best practice and the practical requirements of the business. They will need to operate effectively with all levels of management.


Key accountabilities:

  • Insurance strategy development across all Al-Futtaim Automotive Group businesses
  • Cultivate and foster a deep understanding of the insurance market dynamics across each jurisdiction
  • Lead and manage high impact insurance product development
  • Work with Sales Teams to achieve the set KPI’s on product penetration by brands
  • Relationship management with the F&I and other sales community
  • Engages the sales, operation and technology teams in setting and achieving specific goals around product launch initiatives
  • Liaise with Marketing team & External Agency to drive campaigns /marketing collateral
  • Expansion of distribution network and insurance products to Real estate & Group Retail Business
  • Relationship management with insurance & reinsurance companies
  • Assess Insurance products and process to gauge if the products on offer meet customer requirement in terms of capability, reliability, and robustness


Candidate requirements:


  • Extensive experience in general insurance product design and pricing in a multinational financial services company (preferably consumer finance company, insurance company or banking environment)
  • 10 years of financial services experience and a total of 5 -6 years of work experience in insurance underwriting / insurance product design with proven insurance P&L leadership and delivery of cross-sell targets
  • Experienced manager of large teams working in a complex business and systems environment, skilled at building effective teams and managing scope
  • Senior level influencing and commercial negotiation skills
  • Ability to work in a fast-paced environment- strong organizational skills a must
  • Must be action and results oriented, with excellent verbal and written communication skills
  • Development of insurance pricing in a reputed international general insurance company, international bank or international broker
  • Experience in general insurance product design especially for automotive and other sectors (both retail and commercial). Compliance experience and strong experience in marketing, CRM and cross sell.
  • Advanced degree (Bachelors / Masters) with General insurance qualification such as ACII, FII or CPCU from India, UK or US
  • Languages:  Fluent English. Arabic is beneficial


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Before you click “apply”: Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.


As part of our candidate experience promise, we also want to make ourselves available to you throughout the application process. We make every effort to review and respond to every application.