Insurance Risk Specialist (SA)

Saudi Aramco
South Australia
Workplace: OnsiteFull timeFunction: Insurance & ActuarialExperience: 15+ yearsEducation: bachelorsSkills: ["Interpersonal","Communication","Teamwork","Planning","Negotiation","Risk management"]

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.

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FursaFursa
Saudi Aramco
Saudi Aramco
7 months ago

Insurance Risk Specialist (SA)

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

Source: Company careers pageValidated by: Fursa AI
Last checked: 9 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
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