Manager Insurance Accounting

• JOB PURPOSE :
• Directs the development and management of insurance stratergies, whether stand alone Policies or as part of ADNOC Group Insurance Blanket Policies, to protect Company's business from financial loss due to accidents. Ensures that the various Company's assets (plants, machinery, equipment, residential, offices, pipelines, stock, new projects, etc.), third parties and legal liabilities carry adequate insurance coverage in accordance with ADNOC policies and standards. Ensures that adequate and cost effective insurance covers for employees are in place and in line with the applicable laws agiainst accident, medical and legal liabilies. Provides Management insurance and contract related services aiming at safe guarding company's revenue and sources.
• KEY ACCOUNTABILITIES:
  
  

Job Specific Accountabilities

Internal Audit:

• Directs & ensures timely compliance and implementation of all agreed Internal Audit Points.
• Directs & supervises preparation of Company's yearly assets list including additions/deletions, motor vehicle fleet, Navigational Aids, mothballed, transferred & shared assets list.
• Directs and liaises with concerned Divisions for review of yearly Assets Valuation Report and analyses their response in accordance with the risks involved.
• Evaluates and recommends for Management resolution the contractual, labour, insurance and other claims & disputes involving TAKREER
• Manages and analyses the life insurance cover in respect of our employees' disability, overseas medical expenses etc.
• Supervises & directs insurance declaration in respect of cash including company's profile annual information (estimated annual turnover, products information, area of operation etc.).
• Acts as custodian for vital company's documents such as insurance contracts/policies.
• Directs and manages insurance declaration of the annual detailed list of eligible employees' and their dependents to Insurers.
• Manages and supervises the arrangement of insurance cover in respect of company's Minor/Major projects to insurers.
• Manages and directs the insurance declaration of estimated & actual values of cargo (shipped by Land/Air/Sea).
• Manages the process of insurance claims notifications to Insurers; these insurance claims belong to employees/ assets/ projects/liability etc.
• Directs settlement negotiation with insurers/ loss adjusters & technical adjustments of claims ensuring proper calculations of loss amount, application of deductibles, collection of information/documents and ensures signing of discharge receipt by authorized person in the company.
• Liaises with ADNOC to reach an agreement through arbitration or resorting to legal proceedings in case of failure to have a smooth settlement with Insurer.
• Manages & ensures that Risk Management studies in respect of major projects are completed immediately on completion of FEED & directs the process of Risk Management Review for assets to ensure that the Risk Mitigation Recommendations made by Insurance Consultants are implemented.
• Participates/ contributes in Company's committees for evaluation and development of contracts, manuals or regulations.