Assistant Vice President | Financial Services| Orient Insurance PJSC

Job description / Role

Assistant Vice President - Jebel Ali Branch | Financial Services| Orient Insurance PJSC

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group's entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.

Job description

The successful candidates will be responsible to generate and secure new business and retain renewal business to achieve and exceed the company's business and operational objectives in a profitable manner consistent with high standard of professionalism and client satisfaction .

What you will do:

- Development of New Insurance Products
The job holder participates in the development and introduction of new insurance products which meets the changing business requirements in the local and international market

- Marketing Strategy
Develop an effective marketing strategy in consultation with the Senior Managing Director and other members of the management team and prepare plans to implement the same in an efficient manner in order to improve the image and market share of the company

- Broker, BranchesAgency Business Development
Prepare effective plans and monitor the performance and control the business generated through designated Brokers, Branches and agencies to increase the profitability of the company

- Premium Collections (Outstandings)
Review and monitor the premiums dues from the clients/brokers in order to minimise the credit risk exposure

- Management Reports
Collect and collate information about business and market conditions and data related thereto, prepare reports and formulate appropriate recommendations for Management Information & Decision Making in order to counter competition

- Client Services Satisfaction
Ensure that the effective and efficient service is provided to the clients, brokers and agencies

- Selection Appointment of Agents, Development Officers & Brokers
Identify and recruit in consultation with Senior Managing Director, highly motivated and experienced field and sales staff, & appoint brokers agents in order to effectively cover and exploit the market potentials for generating higher revenues

Required skills to be successful:
- Excellent communication skills and analytical ability
- Excellent selling skills
- Strong interpersonal & analytical skills
- Attention to details
- Strong skills in MS office (Excel, Word, PPT) Outlook and internet application
- Proactive and self-motivated
- Time management and focused delivery of deadlines
- Ability to perform under pressure & perform multiple tasks simultaneously

What equips you for the role:
- Minimum Required - Bachelor's Degree (Commerce/Science / Arts / Business Administration)
- Desired - Associate of Chartered Insurance Institute, London or equivalent
- Having over 4-6 years of work experience in the field in a senior managerial position handling similar job responsibilities
- Experience and sound technical knowledge in general Insurance with particular emphasis on Marine, Hull & Cargo, Non Marine, Motor, Life & Medical
- Ability to prioritize workload in meeting deadlines and agreed TAT

About Orient Insurance PJSC:

Orient Insurance Company commenced operations in 1982 as a part of the reputed Al-Futtaim Group and has since recorded a progressively steady growth. The Company is counted among the leaders in the UAE insurance market. Orient Insurance Company has a paid-up capital of AED 500 Million which is the highest in the insurance industry in UAE. With head office in Dubai, the company serves its clientele through an extensive branch network in Jebel Ali, Abu Dhabi, Al Ain, Sharjah and Ras Al Khaimah in UAE, Muscat in Sultanate of Oman and Bahrain.

About the Company

Established in the 1930's, the Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940's and 50's saw it establish itself regionally as an integrated commercial, industrial and services organisation, positioning itself one of the leading business houses in the lower Gulf region. Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominates many market segments in the UAE, and has expanded its sphere of operation to include Bahrain, Kuwait, Qatar, Oman and Egypt.

The Group comprises a diverse range of strategically positioned operating subsidiaries and associate companies, structured to give the Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario. The Groups continued investment in world-class systems technology is clear evidence of its commitment to maintain leading edge performance and service delivery.

The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Groups belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility.