Insurance Analyst

Insurance Analyst

Job Purpose

Main Responsibilities

Policies, Processes, and Procedures

• Assist in the development and implementation of section policies, processes, and procedures to ensure all relevant procedural/legislative requirements are fulfilled.
• Implement day-to-day operations of Insurance Section to ensure that work is performed in accordance with assigned procedures and legislation.

Day-To-Day Operations

• Run the administration of non-transactional aspects of operational and asset insurance renewal.
• Stakeholder coordination.
• Analysis and evaluation of insurance companies and brokers.
• Review of insurance policies.
• Facilitation of survey visits and tracking of improvement recommendations.
• Record maintenance and provision of reports.

Asset & Operational Insurance

• Scrutinize and assess current asset insurance policies for coverage adequacy.
• Collaborate with insurers to negotiate favorable policy terms and premiums.
• Research and propose new policies to address emerging risks.
• Manage asset insurance claims, ensuring timely and accurate submissions.

Policy Evaluation & Management

• Monitor the progress of claims, advocating for fair and efficient resolutions.

Claims Processing

• Supervise the preparation of timely and accurate departmental reports / adhoc reports to Company and department requirements, policies and standards.

Reporting

• Supervise the preparation of timely and accurate departmental reports / adhoc reports to Company and department requirements, policies and standards.

Safety, Health & Environmental

• Ensure and promote a safe work environment by adhering to all safety and environmental regulations.
• Any other work assigned by management as required.

Internal

Academic & Professional Qualification

• BS in Economics / Business Administration or a related field

Experience

• Minimum 4 years of experience

Languages

• Minimum English language required is KJO L5 – Upper-Intermediate