Global Director of Insurance

Purpose of the Job

The Global Director of Insurance’s purpose is to oversee the strategic objectives of the department, align with corporate and other departmental strategy and objectives, drive the necessary changes in its insurance programs and report to Senior Management all material insurable risks.

Job Description

• Develop & implement insurance strategies and objectives (in line with overall Risk & Compliance and overall Company Objectives)
• Manage, lead, improve and develop all corporate insurance programs: i.e. development of Global Insurance Program across a range of insurance classes such as Property Damage and Liability)
• Develop and implement a standardized Insurance Manual across key insurance classes etc
• Align insurance strategy with all related functions to ensure proper transfer risk mitigation
• Oversee and manage insurance claims negotiations to minimize business losses arising from unforeseen events / incidents
• Drive awareness of Insurance strategy across the network at all levels
• Provide regular quarterly update reports to CFO.
• Establish and collate regular and standard insurance dashboard reporting across Aramex network with regular updates to Regional CEO’s
• Develop Claims Compliance dashboard reporting for Senior Management, Risk Committee & Audit Committee

Innovation / Solutions

• Develop and support the business in innovative insurance solutions (i.e. possible customer facing revenue generating solutions or new internal insurance products to meet new service lines etc)
• Develop and drive insurance related projects (i.e. such as the development and assessment of a Captive) which provide added value to the organization
• Insurance Functional budgeting.
• Provide ongoing support & advice to the CFO on all aspects of Insurance.
• Develop and enhance Insurance Network (with external parties etc) to keep abreast of industry / market developments etc
• Lead the development and continuous training of all direct and indirect Insurance associates to achieve maximized effectiveness

Job Responsibilities - Experience and Education

• Bachelor’s degree in business or other relevant fields. Master’s degree (preferable).
• Certification from internationally known, reputable Insurance Institutes would be a plus (i.e. ACII).
• Thorough Insurance knowledge with 10+ years of insurance experience across geographies and industries (logistics preferable).
• At least 10 years of managerial experience leading a team of insurance professionals within a multinational organization within the GCC region.
• Demonstrated ability to build, lead and develop insurance functions.

Leadership Behaviors

Skills