VP - Property Insurance I Dubai | Financial Services| Orient Insurance PJSC

Job Requisition ID: 176720 

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate. 

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day

Job Description:

The Vice President – Property Insurance is responsible for leading and overseeing Property underwriting operations, managing strategic broker and client relationships, ensuring disciplined risk selection, and achieving sustainable portfolio growth in line with the company’s underwriting guidelines and market strategy. 

What you will do

Underwriting & Risk Management

• Lead underwriting of large and complex Property risks, ensuring adherence to approved underwriting guidelines and risk appetite.
• Oversee technical evaluation of risks including high‑value commercial, industrial, and Strata portfolios.
• Ensure quality, consistency, and sustainability of underwriting decisions across the team.

Portfolio & Revenue Management

• Drive achievement of departmental revenue targets while maintaining profitable growth.
• Monitor portfolio performance, loss experience, pricing adequacy, and accumulation exposure.
• Balance growth opportunities with disciplined risk selection in a competitive market environment.
  
  

Broker & Client Relationship Management

• Manage and service key broker relationships, including major MNC and regional brokers.
• Act as a senior point of contact for strategic and complex accounts requiring high‑level engagement.
• Support retention and expansion of key accounts through technical credibility and market insight.
  
  

Leadership & Team Management

• Provide leadership and technical direction to the underwriting team.
• Align team objectives with departmental and organizational goals.
• Foster a culture of continuous improvement, technical excellence, and compliance.
  
  

Strategy & Process Improvement

• Develop and implement underwriting and risk management objectives aligned with market developments.
• Optimize resource utilization to achieve underwriting and operational efficiency.
• Support enhancement of underwriting processes, controls, and KPIs.
  
  

Governance & Compliance

• Ensure underwriting practices comply with internal policies, regulatory requirements, and reinsurance obligations.
• Support management in presenting complex or out‑of‑authority risks for senior approval where required.
  
  

Required Skills to be successful

• Extensive experience in Property / Fire underwriting within the UAE. Regional market experience will be an added qualification.
• Strong technical knowledge of complex commercial and industrial risks.
• Proven leadership and stakeholder management capability.
• Deep understanding of broker‑driven markets and reinsurance structures.
  
  

What equips you for the role

• Bachelor’s degree in:

• Insurance
• Risk Management
• Engineering
• Finance, Business Administration, or related discipline
  (Engineering background is considered as strong advantage for property underwriting)

•  Professional Insurance Qualifications (considered as added qualification)

One or more of the following:

• ACII / FCII – Chartered Insurance Institute (UK)
• ANZIIF (Senior Associate / Fellow)
• CPCU – Chartered Property Casualty Underwriter
• Dip CII / Cert CII
• Other recognized insurance or reinsurance qualifications

Work Experience:

• Minimum – 8 to 10 years in Core Underwriting Experience including minimum 5 years regional experience

About Orient Insurance PJSC

Orient Insurance Company commenced operations in 1982 as a part of the reputed Al-Futtaim Group and has since recorded a progressively steady growth. The Company is counted among the leaders in the UAE insurance market. Orient Insurance Company has a paid-up capital of AED 500 Million which is the highest in the insurance industry in UAE. With head office in Dubai, the company serves its clientele through an extensive branch network in Jebel Ali, Abu Dhabi, Al Ain, Sharjah and Ras Al Khaimah in UAE, Muscat in Sultanate of Oman, Riyadh in Kingdom of Saudi Arabia and Bahrain.