Saudi Aramco

5 months ago

Insurance Risk Specialist (SA)

✓ Verified Job

Canonical indexed version, validated from employer's careers page.

Source: Company careers pageValidated by: Fursa AI

Last checked: 16 hours agoStatus: Live

Job Summary

Analyses risk exposures for a growing company, designs risk mitigation and insurance strategies, and procures insurance to protect assets and liabilities. Works within Insurance Management & Advisory Division of Financial Risk Management, engaging across internal and external parties, coordinating broker/insurer activities, and developing policies to manage contractual risk and risk transfer solutions in the oil & petrochemical sector.

Location: South Australia

Workplace: Onsite

Employment Type: Full time

Job Function: Insurance & Actuarial

Key Responsibilities

•Demonstrate excellent interpersonal and communication skills with the ability to establish personal credibility with various internal and external parties.
•Be flexible, team orientated, and able to work with minimum supervision to meet challenging deadlines and competent to plan and coordinate workloads for themselves and others.
•Add value by delivering work of the highest quality and be able to proactively overcome issues to ensure delivery.
•Possess good project management skills, a thorough understanding of contractual risk and be able to offer logical and innovative solutions to complex issues.
•Apply working knowledge of captive insurance companies.
•Develop 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 (including optimal use of captive or alternative finance and transfer mechanisms).
•Develop and advise on the implementation of risk and insurance policy and procedures.
•Manage and coordinate broker, insurer, consultant and other service provider activities (including risk engineering and asset appraisals); Negotiate claims and pursue recovery from third parties.

Key Requirements

•Bachelor'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.
•Minimum of 15 years' experience in the oil & gas, petrochemical industry or a major corporate organization.
•A significant relevant corporate risk and insurance expertise obtained from industry, international broking, risk management or insurance company background and ideally with experience of the energy and petrochemical industry sector.

Experience:15+ yearsOil & gasPetrochemicalCorporate

Education:Bachelor's

Skills:InterpersonalCommunicationTeamworkPlanningNegotiationRisk management

Certifications:ACIICMIRMSIRMCPCU

Company Brief

Saudi Aramco

State-owned integrated energy and chemicals company producing and marketing crude oil, natural gas and petrochemicals globally, with major investments in energy infrastructure, refining and low‑carbon technologies.

Industry: Oil & Gas

Company Size: Enterprise (1,001+ employees)

Revenue: USD 1B+

Growth: Public Company

Valuation: Public Company (Market Cap in USD)

Funding: IPO / Publicly Listed

Headquarters: Dhahran, Saudi Arabia

Founded: 1933

Glassdoor: 4.2

Website LinkedIn Glassdoor

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Saudi Aramco

5 months ago

Insurance Risk Specialist (SA)

✓ Verified Job

Canonical indexed version, validated from employer's careers page.

Source: Company careers pageValidated by: Fursa AI

Last checked: 16 hours agoStatus: Live

Job Summary

Location: South Australia

Workplace: Onsite

Employment Type: Full time

Job Function: Insurance & Actuarial

Key Responsibilities

•Demonstrate excellent interpersonal and communication skills with the ability to establish personal credibility with various internal and external parties.
•Be flexible, team orientated, and able to work with minimum supervision to meet challenging deadlines and competent to plan and coordinate workloads for themselves and others.
•Add value by delivering work of the highest quality and be able to proactively overcome issues to ensure delivery.
•Possess good project management skills, a thorough understanding of contractual risk and be able to offer logical and innovative solutions to complex issues.
•Apply working knowledge of captive insurance companies.
•Develop 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 (including optimal use of captive or alternative finance and transfer mechanisms).
•Develop and advise on the implementation of risk and insurance policy and procedures.
•Manage and coordinate broker, insurer, consultant and other service provider activities (including risk engineering and asset appraisals); Negotiate claims and pursue recovery from third parties.

Key Requirements

•Bachelor'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.
•Minimum of 15 years' experience in the oil & gas, petrochemical industry or a major corporate organization.
•A significant relevant corporate risk and insurance expertise obtained from industry, international broking, risk management or insurance company background and ideally with experience of the energy and petrochemical industry sector.

Experience:15+ yearsOil & gasPetrochemicalCorporate

Education:Bachelor's

Skills:InterpersonalCommunicationTeamworkPlanningNegotiationRisk management

Certifications:ACIICMIRMSIRMCPCU

Company Brief

Saudi Aramco

Industry: Oil & Gas

Company Size: Enterprise (1,001+ employees)

Revenue: USD 1B+

Growth: Public Company

Valuation: Public Company (Market Cap in USD)

Funding: IPO / Publicly Listed

Headquarters: Dhahran, Saudi Arabia

Founded: 1933

Glassdoor: 4.2

Website LinkedIn Glassdoor