Insurance Manager Leader

Job Summary

This role involves managing the overall operations of an insurance function, including the acquisition and renewal of various types of insurance policies. The ideal candidate will have a strong background in finance or a related field, with at least 10 years of experience in a relevant position.

• The selected individual will be responsible for providing support and guidance to personnel at the insurance section regarding the renewal of insurance policies and claims handling.
• They will also work closely with other departments to develop and implement effective insurance strategies and ensure timely renewals of various insurance policies.
• In addition, they will review insurance policies to confirm that the company's needs are best addressed and the coverage obtained is adequate.

Key Responsibilities

1. Manage overall operations of Insurance function including but not limited to acquisition of adequate Insurance coverage of all the Life and Non-Life Assets.
2. Provides support and guidance to personnel at Insurance Section regarding renewal of Insurance policies and claims handling.
3. Works in close coordination with all the relevant departments to develop insurance policies & plans and ensures effective strategy and action plans are in place.
4. Continually reviewing insurance policies to confirm that SSGC's Insurance needs are best addressed and the coverage obtained is adequate.
5. Recommends and seeks approval on any additional conditions of cover or policy terms to be introduced.
6. Oversee the entire insurance claims process and liaise with the Surveyors / Loss Adjusters regarding processing of claims arising out of different policies.
7. Managing and responding to the queries pertaining to claims investigations raised by the Insurance Companies and Surveyors.
8. Review insurance claims data before sending them to responsible parties.
9. Organize accounting and audit of the retirement funds. Review financial statements for provident fund, benevolent fund, pension fund and other related investments.
10. Liaise closely with procurement and Legal Department on the appointment of consultants regarding potential project proposal of Insurance Policy Review/Recommendation.
11. Participate in the gas purchase related negotiations process through either local or imported sources and review any related financial aspects.
12. Review bid bonds, performance bonds and performance guarantees from vendors and arrange respective refunds at the end of the contract upon assessment of vendors' satisfactory performance.
13. Facilitate the user departments in finalizing tender floatation process for procurement in accordance with the PPRA rules as well as ensuring rational pricing structure.
14. Ensure compliance with withholding tax statutory requirements applicable to vendor payments.
15. Advise management on RLNG imports through review of financial aspects during contract negotiations.
16. Review the financial aspects during management and Union negotiations on charter of demands.
17. Implement the process of preparation and verification of bank voucher payments for expenses, bills, medical reimbursements, motor vehicle repair and maintenance, general repairs, stationary, direct materials and other miscellaneous activities.
18. Maintain effective coordination with the relevant departments as well as gas Exploration and Production (E&P) companies in matters pertaining to gas purchases. Prepare and circulate gas purchases volume reports on quarterly basis.
19. Assess the inquiries received from the Insurance Companies, Surveyors, Loss Adjusters, Third Party Experts / Consultants, Internal and External Auditors and other authorities to ensure all requisite information is available and list the requirements for any additional information.
20. Organize and implement an effective coordination and liaison process with user departments internally and various parties externally if any Catastrophic event / Atmospheric Disturbance such as Floods / Earthquakes take place.
21. Identify and assess risks under their management/ownership.
22. Develop and implement risk response strategies for the risks under their management.
23. Monitor risks and response strategies under their management.
24. Ensure the accuracy and timeliness of information provided for risk reporting.
25. Undertake any other assignment as instructed by immediate supervisor.