Insurance Contracts Manager

OVERVIEW

Job Title/ Position

Manager – Insurance Contract Review

Job Code

Job Level/ Grade

Manager

Type of Position

Full time

Reports to

Senior Manager – Insurance Contract Review

Direct Reports

Division

Finance

Department

Insurance

Job Location

NEOM Office

Role Purpose

• Responsible for the execution of the insurance contract review process across the NEOM Company

Performance Measures (KPIs)

• Timely completion of contract review process

KEY ACCOUNTABILITIES & ACTIVITIES

Key Responsibilities

• Perform a thorough review of insurance contracts; ensure that contract conditions and compliance dates are observed and track renewal and expiration dates of contracts
• Raise with insurers the requests to amend deductibles, limits of liabilities, and sums insured when needed
• Perform insurance contracts analysis; contract revenue, forecasts, contract penetration and uptake
• Prepare insurance risks report and confirm accurate insurance coverage to NEOM’s needs across the projects delivered in
• Liaise with key internal stakeholders to explain insurance requirements and ensure proper and timely preparation of insurance contracts requirements
• Research for initiatives relating to technology integration in data assembly and extraction and recommend initiatives to senior management

BACKGROUND, SKILLS & QUALIFICATIONS

Knowledge, Skills, and Experience

• 5 or more years’ experience with real estate/construction or in a similar company
• Extensive knowledge of insurance contract review
• Knowledge of Insurance risk management
• Knowledge of regulatory & compliance in relevant industry sectors (Preferred in KSA)

Qualifications

• Graduation degree/diploma or equivalent in management accounting and/or Finance
• Insurance and/or risk-related certification/qualification is a plus (FRM, CIC, CPCU, CRM, AAI, or similar)

KEY STAKEHOLDERS*

Internal

External

• Insurance Senior Manager
• Insurance team members
• Internal auditor
• Other employees across NEOM

• Insurers/ Reinsurers
• Insurance companies/ Financial Institutions

*Not limited to

VERSION TRACKING

Version

Prepared by (Department Head)

Reviewed by (Human Resources)