Sr. Manager, P&C Insurance

Chemistry that Matters™ 

A career at SABIC provides you with an opportunity to leave a lasting positive impact to the world and yourself. From excellent health and well-being benefits to our comprehensive learning programs. We offer a wide range of benefits and offerings that recognize that our people have unique motivations and ambitions. It’s all about matching what matters to you with what matters to us. Let’s explore what matters!

As one of the world’s largest diversified chemical companies, we activate the power of human capital to address society’s future challenges. Through partnerships, we enable life-saving medical innovations and help fight world hunger. We are driving the circular economy for the benefit of communities and our planet through sustainability initiatives, such as our TRUCIRCLE™ portfolio.  Today, the company serves customers in more than 140 countries with a global workforce of close to 29,000 talent individuals.  Our values – Inspire, Engage, Create, and Deliver – are the foundation of our success. To learn more about these and how we strive to Be the Impact, click  here: www.sabic.com/en/careers/benefits-that-matter/career-matters/SABIC-Leadership-Way

Our purpose is "Chemistry that Matters". This is what drives us to do what we do. "Chemistry" goes beyond applying science and technology to enhance the supply of essential materials to the world. It is how we work, to build long-lasting relationships of trust. “What Matters” is making a meaningful impact for the world – through the customers and communities we collaborate with, so that we succeed and grow together.

It is all about matching what matters to you with what matters to us. We are mindful about the importance of the team we are building and how our team members impact to our culture.   We believe that good ideas come from anywhere, being inclusive to diverse perspectives is stimulating, encourages innovation and is critical to our mission. Let us explore this together!

JOB PURPOSE

To develop, maintain and manage Corporate Insurance Programs and alternative risk financing for asset and Operational and liability exposures with total sum insured exceeds $200 bln. Act as a center of excellence (CoE) for SABIC’s insurance management. Manage Global Insurance department and activities, being subject matter expert and manage relationship with insurance markets and insurance providers, representing SABIC risk and insurance portfolios to the best interest of the organization and to optimize cost for optimal insurance coverage.

JOB RESPONSIBILITIES

• Set and communicate annual departmental goals and objective in alignment with overall Insurance Management objectives and corporate Finance Strategies.
• Organizes, maintains and approves all global and local insurance policies renewals, part of the corporate finance strategy supporting business growth.
• Negotiate and manage insurance related agreements.
• Establish, update and communicate and obtain necessary approvals for SABIC Global Insurance strategies and tactics annually.
• Manage global insurance teams in KSA, USA, Asia and Europe.
• Approve and authorize all insurance declarations for SABIC Global Insurance Policies and other local and regional policies.
• Ensure compliance with local and global regulators requirements and external governors and maintain adequate audit trail.
• Manage Insurance Market relationship and maintain effective networking with insurance providers.
• Plan and manage departmental budges and cost optimizations.
• Establish, update and communicate guidelines and procedures, ensuring full compliance with the company Standards, Process and Procedures.

JOB REQUIREMENTS

Minimum Education/Experience Requirements:

• Bachelor’s Degree in Engineering, Science, Economics or Business from an internationally recognized university or collage.

• Cert CII & Dip CII ACII ( or equivalent) Optional additional risk related qualification.

• 9 - 16 years plus of professional experience in risk management, credit and commercial risk, political risk.

• A minimum of 5 years in managerial roles.

• Broad experience in large business.

• International experience, and experience across multiple geographic locations desirable.

Competencies And Skills:

• Technical plus business degree.

• Professional insurance certification.

• Legal knowledge desirable.

• Leadership and management skills.

• Strong negotiation skills.

• High skills in public relation.

• Organization and planning skills.

• Quantitative & analytical skills.

• Written & oral communication skills.

Work Availability

Regular, predictable attendance is an essential function of this position. Applicants must be regularly available and willing to work (e.g. Sunday – Thursday) during assigned hours of operation and such other hours as the company determines are necessary or desirable to meet business needs.

We are proud to be a diverse and an equal opportunity employer .We are fully committed to a culture of respect and inclusion.