Manager - Risk Transfer

TalentsTide

  • دبي
  • دائم
  • دوام كامل
  • قبل 6 أيام
Lead efforts in effective management of relevant Takaful Policies procured by the Bank. Ensure relevant Takaful policies meet the business objectives and needs while maintaining a coverage in line with the Risk Appetite. Manage the claim handling process to ensure that ongoing claims are closely tracked till payout.Job Duties
  • Ensure timely renewal of the relevant Takaful Policies obtained by the Bank while ensuring the coverage is appropriate and in line with market developments
  • Prepare annual proposal form while engaging with internal stakeholders to ensure timely and accurate information is shared with takaful providers
  • Effectively handle queries from takaful providers during the policy renewal stages
  • Develop robust understanding of the Takaful Policy coverage, conditions and exclusions to ensure effective claim management
  • Assess circumstance to identify claims that would be covered under the relevant takaful policies.
  • Engage with legal department for potential claims as well as for obtaining a well-rounded understanding of the legal circumstance to lodge a potential claim.
  • Ensure engaging with relevant internal and external stakeholders to share required information and data, preparing required texts for claim management.
  • Communicate with Takaful Providers, Brokers, Loss adjusters and Reinsurers to solve any issue related to the claims and coverage.
  • Awareness to internal stakeholders on the Takaful coverages and internal stakeholder roles and responsibilities.
  • Liaise with internal stakeholders and Takaful Providers to benefit from complementary / value added services and evaluate the relevance and quality of those services.
  • Maintain documentation and ensure that required takaful MIS and audit trails are correct and up to date.
  • Prepare reports to Senior Management on Takaful matters
All the above accountabilities include but not limited to any additional/new tasks or responsibilities assigned by the line Manager.

TalentsTide