Job Description
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 Chief Risk & Compliance Officer
- 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 Chief Risk and Compliance Officer 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
Building Outstanding Teams
Setting a clear direction
Simplification
Collaborate & break silos
Execution & Accountability
Growth mindset
Innovation
Inclusion
External focus
Skills
Budgeting
Business Acumen
Change Management
Analytical Thinking
Ability To Drive Change
Continuous Improvement Mindset
Consultative Capability
Communication Skills
Commercial Acumen
Collaborative Approach
Crisis Management
Critical Thinking
Influencing Skills
Industry Knowledge
Innovative Thinking
Leadership Skills
Problem Solving
Resilience
