Insurance Specialist

Job post start date : 29/10/2026Job post end date : 06/11/2026About the company :Establishment 1988 as part of Saudi Arabia’s strategy to develop self-sufficiency in civil and military aircraft maintenance, overhaul, and modifications through the transfer of technology and the development of Saudi nationalsVision :To lead the future of aviation, space, and defense – sitting global standards while powering the ambition of Vision 2030.Mission :To deliver high-quality aviation products and services that ensure exceptional customer satisfaction and long-term profitabilityJob PurposeTo support and coordinate the subsidiary’s insurance activities, including policy administration, asset data analysis, claims management, and coverage reviews. The role involves working closely with internal stakeholders and Group Insurance (HQ) to ensure timely completion of insurance requirements, appropriate coverage, and compliance with approved policies and procedures.Key Roles and ResponsibilitiesInsurance Policy Management: Monitor the company’s insurance policies to ensure they remain valid and provide appropriate coverage for its operations and risks.Insurance Renewals: Track policy expiry dates and coordinate with Group Insurance (HQ) to complete renewal requirements on time.Coordination with Group Insurance: Support insurance market placement and renewal activities by preparing the required information and documentation, coordinating responses to underwriting queries, and following up on outstanding requirements.Internal Stakeholder Coordination: Work closely with internal stakeholders to collect insurance-related information, complete requirements, and follow up on outstanding actions until closure.Asset Data Analysis and Valuation: Collect, review, and analyze asset data, including property, machinery, equipment, and locations. Coordinate with relevant departments to verify insured values and apply appropriate valuation methods, including Replacement Value where applicable, to minimize the risk of underinsurance.Insurance Needs Assessment: Identify insurance requirements arising from existing operations, new projects, and business activities, and coordinate with Group Insurance to assess appropriate coverage.Review of Insurance Policy Terms: Review coverage limits, exclusions, deductibles, policy conditions, and warranties with relevant stakeholders to assess compliance requirements, identify potential coverage gaps, and raise any concerns with Group Insurance.Contractual Insurance Requirements: Review insurance requirements in contracts, agreements, and projects in coordination with relevant departments, and identify any additional coverage needs.Insurance Claims Management: Coordinate incident and claim notifications, collect supporting documents, and follow up with Group Insurance and relevant stakeholders through claim settlement and closure.Risk Surveys and Recommendations: Coordinate site risk surveys and follow up with relevant departments on the implementation of recommendations and corrective actions.Operational Changes: Monitor changes in assets, locations, equipment, operations, and projects, and notify Group Insurance of any changes that may affect insurance coverage or policy conditions.Insurance Premiums and Invoices: Review insurance premiums and invoices and coordinate with the Finance Department to ensure timely payment.Insurance Records and Documentation: Maintain accurate and organized records of insurance policies, certificates, correspondence, claims, and related documents, ensuring confidentiality and easy access when required.Insurance Reporting and Data Analysis: Prepare regular reports on policy status, claims, insurance costs, insured values, and outstanding requirements. Analyze relevant data to support insurance planning and annual budgeting.Compliance and Insurance Awareness: Ensure compliance with approved Group Insurance policies, procedures, and delegated authorities, and support insurance awareness among relevant departments.Qualifications and RequirementsEducation: Bachelor’s degree in Finance or Insurance and Risk Management.Experience: 3–4 years of relevant experience in insurance, preferably in corporate insurance.Professional Certifications: IFCE or a Chartered Insurance Institute (CII) qualification is preferred.Technical Knowledge: Good understanding of corporate insurance policies, coverage terms, exclusions, warranties, underwriting requirements, and claims procedures.Analytical Skills: Ability to review and analyze insurance data, asset values, policy terms, and claims information.Communication Skills: Strong communication, coordination, and stakeholder management skills.Computer Skills: Proficiency in Microsoft Office, particularly Power BI, Word and PowerPointKey CompetenciesAttention to detail and accuracy.Analytical thinking and problem-solving.Planning, organization, and time management.Effective stakeholder coordination.Strong follow-up and reporting skills.Ability to manage multiple priorities and meet deadlines.