Sr. Financial Analyst Insurance

*At this time, we are only receiving applications from candidates who are currently situated in the Americas. Please make sure your CV is in English only, thank you.

Important Notice: By applying through LHR Americas, you are ensuring that your CV will be manually revised by one of our recruiters. If accepted, we will submit it directly to our client’s recruitment team where your CV will be prioritized for revision. If you decide to apply directly through our client’s career site as well, LHR Americas will lose all visibility of your hiring process and will be unable to support you.

Who is our client and your future employer?

The company where energy is opportunity

Our client occupies a unique position in the global energy industry as 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 nine decades of experience as responsible stewards of the Kingdom’s vast hydrocarbon resources.

LHR Americas

LHR Americas recruits people from around the world to work in Saudi Arabia.

Who are we looking for?

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.
• A professional certification such as ACII, CMIRM, SIRM, or CPCU is preferred.
• 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.

Key Responsibilities

• Be flexible, team-oriented, and able to work with minimum supervision to meet challenging deadlines.
• Add value by delivering work of the highest quality and proactively overcoming issues to ensure delivery.
• Possess good project management skills, a thorough understanding of contractual risk, and 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.
• Develop and advise on the implementation of risk and insurance policy and procedures.

Job Benefits

• 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, with increases based on years of service
• Severance Package – 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
• Employee Share Purchase Plan (ESPP) – maximum purchase equal to 10% monthly base pay with a cap, 20% share discount
• Incentive Plan – annual; based on performance
• Travel Allowance – annual; approx. $8,200 per household member over 11 years old
• Vacation & Paid Holidays – 38 vacation days / 4 travel days / 11-13 paid holidays
• Medical/Dental Plan – complimentary in-Kingdom medical care/facilities
• Educational Assistance Plan (EAP) – Out of Kingdom Assistance
• Settling in Allowance – one-time payment based on status

Stages of our Hiring Process

1. Resume Evaluation: A member of our recruitment team will evaluate that your resume matches the client's job description requirement.

2. Interviews Stage:

Preliminary phone/video interview and client face-to-face interview.

3. Conditional Offer: A successful interview may result in a conditional offer of employment.

4. Relocation Process: After your offer is accepted and all conditions for employment are met, you will be assigned a relocation advisor from LHR Americas.

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