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Risk Management Specialist

Posted: 6 Nov 2009
Location: Saudi Arabia
Saudi Aramco is currently seeking a Risk Management Specialist to participate in the development and implementation of the global corporate Risk Management/Insurance program to protect corporate assets and operations on the most economic basis. Experience dealing with insurance and risk management for major energy companies, either in the field of risk management, insurance broking or consulting, insurance underwriting or insurance claims adjusting.

SELECTION CRITERIA: Requires a Bachelor's degree in Risk Management, Business Administration, Finance, Economics or a related field with 10+ years of experience in energy or large industrial risk management/insurance, including the development of global insurance programs across marine/non-marine lines, negotiation with international brokers and insurers. CPCU, ARM, ACII or Risk Management/Insurance designations certification is required. A background with Risk Management information systems and advanced computer skills desired.

RESPONSIBILITIES: Responsibilities include but are not limited to understanding the business and risks facing the Company and designing and implementing risk financing strategies for Company assets and liabilities, selecting and managing relationships with insurers, brokers and other outside service providers, providing risk management advice to all Company business lines and joint ventures, performing reviews and advisory services related to Company contracts, managing maximum optimal utilization and profitable operation of the Company's captive insurer, and assisting in the training and mentoring of entry-level staff. Identify risks and provide analysis and recommendations of risk and risk finance/transfer options. Selected candidate will also direct the review, negotiation, settlement and collection of claims.

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