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- Tasks: Analyse risk exposures and design strategies to protect assets.
- Company: Join Aramco, the world's largest oil and gas producer with a commitment to sustainability.
- Benefits: Enjoy a permanent expat relocation package and competitive salary.
- Why this job: Work on world-scale projects and develop your skills in a dynamic environment.
- Qualifications: Bachelor's or Master's degree in insurance or risk management; 15 years of relevant experience required.
- Other info: Opportunity to mentor staff and represent the division at key meetings.
The predicted salary is between 72000 - 108000 £ per year.
Insurance Risk Specialist – Relocate to Saudi Arabia, Permanent Expat Family Relocation Package
aramco Greater London, England, United Kingdom
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Insurance Risk Specialist – Relocate to Saudi Arabia, Permanent Expat Family Relocation Package
aramco Greater London, England, United Kingdom
Join to apply for the Insurance Risk Specialist – Relocate to Saudi Arabia, Permanent Expat Family Relocation Package role at aramco
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Talent Acquisition Specialist @ Aramco Europe/ Oil & Gas / Downstream / Finance – Strategy and Corporate Development – New Energies / Expatriate…
Please note that this role is based in Saudi Arabia on a permanent, residential basis.
Aramco energizes the world economy.
Aramco occupies a unique position in the global energy industry. We are the world\’s largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity of any major producer.
With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco’s value to society.
Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations’ spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom’s vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.
We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.
Overview
We are seeking an Insurance Risk Specialist to join Insurance Management & Advisory Division (IMAD) of Financial Risk Management (FRMD) at Saudi Aramco.
IMAD is within Treasury and its function is to provide support across the Company through the identification, quantification and mitigation of casualty risks and to reduce the cost of insured and uninsured loss to the Company, its subsidiaries and affiliates.
Your role will be to analyze risk exposures, design strategies and procure insurance to protect assets and mitigate the liabilities of a growing company.
Key Responsibilities
As the successful candidate you will be required to perform the following:
- Apply working knowledge of captive insurance companies.
- Develop strategy to mitigate or transfer risk.
- Analyze, critique and draft risk allocation, indemnity, insurance and other related contract provisions.
- Negotiate, implement and administer insurance and reinsurance placement structures (including optimal use of captive or alternative finance and transfer mechanisms).
- Develop and advise on the implementation of risk and insurance policy and procedures.
- Manage and coordinate broker, insurer, consultant and other service provider activities (including risk engineering and asset appraisals); Negotiate claims and pursue recovery from third parties.
- Mentor and develop staff.
- Represent the interests of the Division at internal and external meetings and assignments.
As a successful candidate you will hold the following:
- Bachelors or Masters degree, preferably in insurance or risk management from a recognized and approved program. A professional certification such as ACII, CMIRM, SIRM, or CPCU is preferred.
- 15 years experience in the oil & gas, petrochemical industry or a major corporate organization.
- Have relevant corporate risk and insurance expertise obtained from industry, international broking, risk management or insurance company background and ideally with experience of the energy and petrochemical industry sector.
Working environment
Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly.
At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world’s biggest technical, logistical and environmental challenges, we invest heavily in talent development.
We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs – one of the largest in the world.
Seniority level
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Seniority level
Mid-Senior level
Employment type
-
Employment type
Full-time
Job function
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Job function
Finance
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Industries
Oil and Gas
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Insurance Risk Specialist - Relocate to Saudi Arabia, Permanent Expat Family Relocation Package employer: Aramco
Contact Detail:
Aramco Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Insurance Risk Specialist - Relocate to Saudi Arabia, Permanent Expat Family Relocation Package
✨Tip Number 1
Familiarise yourself with the specific insurance and risk management practices within the oil and gas sector. Understanding the unique challenges and regulations in this industry will help you stand out during discussions.
✨Tip Number 2
Network with professionals already working in Aramco or similar companies. Engaging with them on platforms like LinkedIn can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss your experience with captive insurance and risk mitigation strategies in detail. Be ready to share specific examples of how you've successfully managed risks in previous roles.
✨Tip Number 4
Research Aramco's recent projects and initiatives, especially those related to risk management. This knowledge will demonstrate your genuine interest in the company and its operations during any interviews.
We think you need these skills to ace Insurance Risk Specialist - Relocate to Saudi Arabia, Permanent Expat Family Relocation Package
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk management and insurance, particularly within the oil and gas sector. Use specific examples that demonstrate your expertise in analysing risk exposures and developing mitigation strategies.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your enthusiasm for relocating to Saudi Arabia. Mention how your skills align with the responsibilities of the Insurance Risk Specialist role and your understanding of Aramco's position in the global energy market.
Highlight Relevant Certifications: If you hold any professional certifications such as ACII, CMIRM, SIRM, or CPCU, make sure to prominently feature these in your application. This will demonstrate your commitment to the field and enhance your credibility as a candidate.
Showcase Your Industry Experience: Detail your 15 years of experience in the oil and gas or petrochemical industry. Include specific projects or roles where you successfully managed risk and insurance, and how this experience has prepared you for the challenges at Aramco.
How to prepare for a job interview at Aramco
✨Understand the Company Culture
Before your interview, take some time to research Aramco's company culture and values. Understanding their commitment to societal and economic benefits will help you align your answers with their mission during the interview.
✨Showcase Your Industry Experience
With 15 years of experience required in the oil and gas sector, be prepared to discuss specific projects or challenges you've faced. Highlight how your expertise can contribute to mitigating risks and enhancing insurance strategies at Aramco.
✨Prepare for Technical Questions
Expect technical questions related to captive insurance, risk allocation, and insurance contract provisions. Brush up on these topics and be ready to provide examples of how you've successfully navigated similar situations in your previous roles.
✨Demonstrate Leadership Skills
As a potential mentor and leader within the team, be prepared to discuss your experience in developing staff and leading projects. Share examples of how you've successfully managed teams and contributed to their professional growth.
