Captive Manager Dubai UAE

Position: Captive Manager

Date posted: 2024-02-13

Industry: other

Employment type: Full Time

Experience: 12 years

Qualification: Bachelor’s Degree holder

Salary: AED 5000 to 10000

Location: Dubai, United Arab Emirates

Company: Confidential

Description:

Hiring Captive Manager

Location – Dubai, UAE

Job Summary – The ideal candidate is a technically capable individual with a client centric background who will be responsible for the operational management of captive client portfolio and support the growth of this business segment. Seeking a highly experienced professional with a robust background in the Mauritius market.

Externally Relates with –

• Captive Board of Director
• External consultants
• Reinsurers
• Actuary

Key Responsibilities

• Responsibility for the re/insurance/underwriting/claims functions for the portfolio of a Captive entity.
• Perform operational UW roles including setting risk appetite, acceptance guidelines, documentation, pricing, risk reporting, exposure accumulation and modelling.
• Perform claims operational roles including maintaining claims trackers, investigation, negotiation, reporting and settlement, liaising with clients, adjusters and reinsurers on technical claims matters
• Lead operational reinsurance functions including captive reinsurance program design, reinsurance buying and administration.
• Maintaining the required data related to risk registers, claims bordereaux, reinsurance bordereaux, premium balances and other operational data related to the captive.
• Data analysis and leveraging its insight to guide future captive management decisions
• Performance management and monitoring against agreed benchmarks.
• Ensure compliance with regulatory standards
• Regular communication and reporting to relevant stakeholders including management, regulators and captive owners.
• Participate and lead client value creation discussions
• Support new client origination activity, particularly as it relates to captive insurance.
• Contribute to group-wide initiatives at a local and global level to increase the performance of the business.
• Required Qualifications & Experience – Bachelor’s degree in finance, risk management, insurance, or a related field. Advanced degrees or certifications (e.g., CPCU, ARM, ACI) are advantageous.
• 12 years of experience in insurance and risk management, including captive insurance operations.

Key Performance Indicators:

• Attain underwriting performance targets set by respective captive entities such as combined ratios, premium growth, expense ratios, and underwriting margins.
• Attain service level and client satisfaction targets.
• Ensure accurate claims reserving adequacy.
• Compliance and regulatory adherence.
• Introduce and execute initiatives that drive operational efficiency.
• Leveraging data and analytics to guide decision making for internal and external stakeholders.

Subject -JOB TTILE