Important Notice:By applying through LHR Americas, you are ensuring that your CV will be manually revised by one of our recruiters. If accepted, we will submit it directly to our client's recruitment team where your CV will be prioritized for revision. If you decide to apply directly through our client's career site as well, LHR Americas will lose all visibility of your hiring process and will be unable to support you. Who is our client and your future employer?The company where energy is opportunity!
Our client occupies a unique position in the global energy industry. They are the world's largest producer of hydrocarbons (oil and gas) with significant investment in technology and infrastructure.
LHR AmericasLHR Americas recruits people from around the world to work in Saudi Arabia.
Who are we looking for?Our client is seeking an Insurance Risk Specialist to join the Insurance Management & Advisory Division (IMAD) of the Financial Risk Management Department (FRMD).
Minimum Requirements Bachelor's or Master's 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. 12 years experience in the oil & gas, petrochemical industry or a major corporate organization. Significant relevant corporate risk and insurance expertise obtained from industry, international brokerage, risk management, or insurance company background, ideally with experience in the energy and petrochemical industry sector. Key Responsibilities Be flexible, team orientated, and able to work with minimum supervision to meet challenging deadlines. Add value by delivering work of the highest quality and proactively overcoming issues to ensure delivery. Possess good project management skills and a thorough understanding of contractual risk, offering logical and innovative solutions to complex issues. Apply working knowledge of captive insurance companies. Develop a 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. Develop and advise on the implementation of risk and insurance policy and procedures. Job Benefits Monthly Base Salary – aligned with company employees with similar skills Monthly Over base – 25% of your monthly base salary Benefits Supplement – 20% of your monthly base salary, increasing with years of service Severance Package – year 2 to 5: 2 week's pay for each year of service Employment Tax – tax implications for employees separating from their 'home country' Employee Share Purchase Plan (ESPP) (eligible after 12 months of service) Incentive Plan – annual; based on performance Travel Allowance – annual; approx. $8,200 per household member 11+ years old Vacation & Paid Holidays – 38 vacation days / 4 travel days / 11-13 paid holidays Medical/Dental Plan – complimentary in-Kingdom medical care/facilities Educational Assistance Plan (EAP) – assistance for educational expenses Settling in Allowance – one-time payment based on family status
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