Analyst, Finance
1 week ago
The company where energy is opportunity
Our client occupies a unique position in the global energy industry. They are the world's largest producer of hydrocarbons (oil and gas). With significant investment in technology and infrastructure, they strive to maximize the value of the energy they produce for the world and commit to enhancing value to society.
Headquartered in the Kingdom of Saudi Arabia and with offices around the world, our client combines market discipline with a generations-spanning view of the future, born of our nine decades of experience as responsible stewards of the Kingdom’s vast hydrocarbon resources.
This company is one of the most profitable in the world and amongst the top five global companies by market capitalization.
Our client is seeking an Insurance Risk Specialist to join the Insurance Management & Advisory Division (IMAD) of the Financial Risk Management Department (FRMD).
IMAD is within the Treasury and its function is to provide support across the Company through the identification, quantification and mitigation of casualty risks.
The Insurance Risk Specialist will analyze risk exposures, design strategies and procure insurance to protect assets and mitigate the liabilities of a growing company.
Minimum Requirements- Bachelor's or Master's degree, preferably in insurance or risk management from a recognized and approved program.
- 12 years experience in the oil & gas, petrochemical industry or a major corporate organization.
- Significant relevant corporate risk and insurance expertise obtained from industry, international brokerage, risk management, or insurance company background, ideally with experience in the energy and petrochemical industry sector.
- Be flexible, team orientated, and able to work with minimum supervision to meet challenging deadlines and competent to plan and coordinate workloads for themselves and others.
- Add value by delivering work of the highest quality and be able to proactively overcome issues to ensure delivery.
- Possess good project management skills, a thorough understanding of contractual risk, and be able to offer logical and innovative solutions to complex issues.
- Apply working knowledge of captive insurance companies.
- Develop a strategy to mitigate or transfer risk.
- Analyze, critique, and draft risk allocation, indemnity, insurance, and other related contract provisions.
- Negotiate, implement, and administer insurance and reinsurance placement structures (including optimal use of captive or alternative finance and transfer mechanisms).
- Develop and advise on the implementation of risk and insurance policy and procedures.
- Monthly Base Salary – aligned with company employees with similar skills
- Monthly Over base – 25% of your monthly base salary
- Benefits Supplement – 20% of your monthly base salary, after 3 years of service, reward increases to 25% of base, after 6 years 30% of base, and after 12 years 35% of base
- Severance Package (2-year vest period) – year 2 to 5: 2 week's pay for each year of service, Year 6+: 4 week's pay for each year after
- Employment Tax – if the employee chooses to separate themselves from their ‘home country’ for income tax purposes, most will not be required to pay ‘home country’ income taxes; based on performance, approx. 8,200 per household member 11+ years old residing in Saudi Arabia and $6,000 per household member under 11 years old
- Vacation & Paid Holidays – 38 vacation days / 4 travel days / 11-13 paid holidays
- Medical/Dental Plan – complimentary in-Kingdom Johns Hopkins medical care/facilities for employees and eligible family members. In-Kingdom dental services subsidized
- Educational Assistance Plan (EAP) – Out of Kingdom Assistance: 90% of expenses with a maximum per child, lesser of 5x monthly base salary or the company max ($48.undergraduate college-age children get 2 round-trip economy air travel tickets; Single/Bachelor Status – 60% of monthly base salary
1.
If your resume evaluation is suitable for this position, the recruitment team will invite you to a preliminary phone/video interview in 2-3 days.Interviews Stage:
2.1 LHR Americas preliminary phone/video interview: Furthermore, your English level will be evaluated at this stage, ONLY native or advanced speakers will approve this evaluation.
If this preliminary phone/video interview is successful, your resume will be submitted to our client.
If your preliminary phone/video interview is not successful, our Talent Acquisition consultant will inform you.
If your resume is approved a member of the Talent Acquisition Team will get back to you and schedule a face-to-face meeting in a defined location. p>
The client interview contains technical questions that help assess your familiarity with problem-solving in your given field and may include a behavioral evaluation. 3 There could be additional video interviews with hiring managers, which may also contain technical questions that help us assess your familiarity with problem-solving in your given field.
Conditions for employment include but are not limited to medical examinations, and permission to secure a visa to work and reside in-country.
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