OVERVIEW
NEOM is an accelerator of human progress and a vision of what a new future might look like. A region in northwest Saudi Arabia on the Red Sea, NEOM is being built from the ground up to include hyperconnected, cognitive cities, ports, next-generation infrastructure and industries, enterprise zones, research centers, sports and entertainment venues and tourist destinations.
As a destination, it will be a home for people who dream big and want to be part of building a new model for exceptional livability, creating thriving businesses and reinventing environmental conservation.
As a workplace, it is a place for people who share our core values of care, curiosity, diversity, passion, respect, and becoming a catalyst for change.
Are you ready to help NEOM find solutions to the world’s most pressing challenges? Are you prepared to create a lasting legacy that benefits generations to come? Then we want to hear from you!
ROLE OVERVIEW
Reporting to the NEOM Insurance Division’s Director – Underwriting, the Insurance Senior Manager – Underwriting will be assigned responsibility for and be primary Point of Contact for specified regions at NEOM. The successful candidate will devise, implement and manage the full insurance and risk control programs, including business case development, strategic ideation, research, design, build and deployment
REQUIREMENTS SUMMARY
- Experience developing and working with models
- Demonstrated expertise in Product Management, Project Management and Accumulation Control
- Goal-oriented and performance-driven, self-motivated and able to work independently in a fast-paced environment with changing priorities is essential
- Experience implementing change in a multi-cultural, multi-layered organization
- Excellent communication, collaboration, and partnership skills, both verbal and written, with the ability to drive consensus in cross-functional and cross-cultural teams
- Strong influencing and negotiation skills without authority
- Thrives on autonomy to implement processes and strategies
ROLE COMPETENCIES & ACTIVITIES
The Insurance Senior Manager – Underwriting’s responsibilities will include, but not be limited to:
Key Responsibilities
- Manage insurance and risk for all projects at NEOM; validate the efficacy of insurance and risk programs in relation to the exposures identified
- Consult with other NEOM employees – including projects, risk, proponent, and procurement – to optimize insurance placement strategies and align with business requirements
- Manage risk engineering program for assigned regions
- Execute end-to-end management of the insurance lifecycle – including placement, renewal, evolution and conclusion - and liaise with brokers, insurers and reinsurers to effect required changes
- Establish and maintain various models to govern the adequacy of assigned insurance and risk portfolios
- Provide insurance and risk management advice and guidance as necessary, both technical and professional, within NEOM
Leadership
- Prepare and deliver presentations, reports, and other communication materials tailored to stakeholder needs
- Ensure that all stakeholder engagement activities comply with the relevant regulations and ethical standards
- Utilize data analytics to drive strategies and decisions
Culture and Values
- Embrace NEOM’s culture and Values https://www.neom.com/en-us/about
- Act with honesty and integrity by following best practices, and upholding the robust standards and expectations set out in NEOM’s Code of Conduct.
- Maintain fair, ethical and professional work practices in accordance with NEOM’s Values and Code of Conduct.
- Adhere to NEOM’s Policies, procedures, and controls to ensure compliance with rules.
EXPERIENCE & QUALIFICATIONS
Knowledge, Skills and Experience
- 10+ years’ experience in a similar role with reputable insurer(s) or reinsurer(s)
- Expert-level knowledge of risk assessment, risk analysis, technical pricing, NatCAT management and accumulation control
- Expert knowledge of insurance risk management
- Knowledge of regulatory & compliance in relevant industry sectors (preferably in KSA)
- Previous experience with SAP preferred
Qualifications
- Post-graduate degree/diploma or equivalent in insurance, business administration, engineering, or other field complementary to the position
- Insurance and/or risk-related certification/qualifications preferred (FRM, CIC, CPCU, CRM, AAI, or similar)
