bank jobs in UAE | Mashreq Bank careers
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Mashreq Bank announced, through its LinkedIn account, a bank job in UAE (Officer - Insurance Operations)
banking job requirements in UAE
- Ensure proper and comprehensive insurance coverage of Bank properties and operations.
- Provide assistance regarding Bank Insurance Operations (local & overseas branches).
- Supervise and approve the processing of declarations & payments.
- Ensuring compliance with all insurance policies terms/conditions and proper notifications/declarations to Insurance company on a monthly/quarterly basis as mandated in the policies.
- Study, analysis, and processing of claims.
- Verifying invoices relating to due premiums in line with set schedule/placement orders to insure continuation of cover.
- Reconciling accounts which are used by the Insurance Unit and also responsible to issue the Insurance Unit MIS.
- Collecting the required reports/data from various units (HR, Admin, CAD, Legal, Products Team) – Locally and Overseas relating to Loans/Credit Shield products and/ or any other product being looked after by the Insurance Unit.
- Check them and verify premium calculation, send them to the insurance company in order to include them under relevant policies.
- Ensure the renewal of all Insurance bank policies -10 Bank wide policies (Local and Overseas) and 4 Mashreq HQ Policies prior to date of expiry.
- Obtain the sum-insured records from CAD in respect of each line of insurance.
- Study the records provided by CAD in comparison to the insurance policy terms and conditions.
- Coordinating with the insurance company regarding the COE assets (Egypt and Pakistan), following up and facilitating required documents to both parties during the time of renewals.
- Review all invoices for appropriate documentation and approve prior to payment processing and arrange debiting branches’/ units’ cost centers in accordance with the bank’s procedures for facilitating payment process.
- Processing of monthly/quarterly payments for all insurance policies-General Insurance and Product Policies on I-procurement, receiving them on system and updating the register.
- Organizing meetings and coordinating with Insurance companies/ service providers on a daily basis for facilitating urgent services required by various departments within the Bank.
- At least 5 years of experience in various lines of Insurance. Especially, Corporate Insurance.
- Fair knowledge of different types of Insurance Policies
- Analysis and evaluation of relevant claim information in order to figure out appropriate courses of action to ensure fair claim settlement/ reimbursement.
- Professional Communication skills (oral and written)
- Organization and prioritization of information and tasks to optimize efficiency and adhere to present deadlines (time management and multi-tasking)
- Interpersonal and leadership skills (commitment to teamwork)
- Ability to review and check the work products of subordinates to ensure compliance to standards.
- Adequate understanding of Banking.
- Strong problem-solving and analytical skills
- Manage flow of work volume to comply with delivery standards of working hours.
To know more details about the vacancy and how to apply kindly check the link below:
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