Insurance unit head

Bank of Jordan • Full-time • عمان, JO • 3m ago

Responsibilities:

Supervises/follows up on the renewal of insurance policies related to the bank before their due dates and monitors the implementation of regulatory aspects and required conditions, in coordination with the relevant departments to ensure compliance.
Oversees the study and technical analysis of the bank's current insurance documents to select the best offers, coverages, and prices, and assesses whether they meet the bank's needs and cover expected risks.
Supervises, studies, and analyzes any emerging or anticipated risks, assesses the possibility of insuring against them to protect the bank from potential losses and impacts, and documents recommendations to be submitted to the direct manager.
Supervises/reviews the auditing of statements and invoices sent by the insurance company and follows up on their claims to cover losses in coordination with the concerned departments.
Prepares insurance-related studies to meet the needs of the bank's departments, introduce new insurance services, and inform them of any modifications or changes to insurance policies.
Periodically reviews insurance policies to ensure they cover all potential risks faced by the bank and studies the possibility of covering risks related to any new services offered by the bank under current or future policies.
Prepares an annual summary of the terms and requirements of each policy and provides it to the concerned departments and submits it to the direct supervisor to ensure compliance.
Reviews individual product claims and recommends preliminary approval for coverage.
Manages the relationship with insurance companies and responds to any inquiries from them regarding claims or policy terms and contracts.
Serves as a permanent/alternate member within the officially established Business Continuity Plan and Emergency Teams, performing all tasks assigned by the plan to minimize crisis impact and restore operations as quickly as possible.

Requirements

Skills and Competencies:

University degree in Business Administration, Insurance, or a related field.
Minimum of 12 years of practical experience in insurance.
Full proficiency in English, spoken and written.
Computer literacy and familiarity with relevant systems.
Ability to motivate and work as part of a team.
Full understanding of internal and external policies and procedures governing work.
Strong interpersonal and communication skills.
Ability to handle work pressure.

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