Vacancies
Oman Re is committed to attracting, developing and retaining highly motivated, competent and performance-oriented people. We look forward to meeting talented professionals who would like to join our growing team. If you are interested in joining us, please email your CV to recruitment@omanre.com.om
Vacancies
Duties and Responsibilities:
• Assist the Internal Audit Manager in performing the audits as per the approved audit plan and in accordance with the Internal Audit Methodology
• Support in preparing the appropriate audit programs to evaluate the adequacy of the controls designed to manage business risks and meeting business and control objectives
• Use standard audit techniques to obtain, analyze and appraise data, transactions, and records as a base for providing an objective opinion on the performance of the business activity and the effectiveness of key risk management activities
• Perform audit tests and prepare work papers in accordance with the Internal Audit Methodology
• Identify and document control process weaknesses and provide evidential support for findings
• Report any instances or red flags of fraud encountered during the course of audit to the Internal Audit Manager
• Provide practical and value-added recommendations to address control process inefficiencies
• Assist the Internal Audit Manager in preparing a concise and informative audit report to effectively communicate the findings and recommendations to the management
Education and Experience:
• Bachelor’s degree in information security or related field
• Pursuing professional internal audit qualification with an international institution
• 1-2 years of experience within the internal audit space
Skills and Capabilities:
• Demonstrate sharp attention to details
• Strong analytical and problem-solving skills
• Time management skills with ability to work within tight deadlines
• Strong communication skills (written and verbal)
• Proficiency in office computing
• Strong work ethics and professionalism
• Willingness to learn and develop skills and capabilities
This is a leadership role reporting to Head of Facultative Underwriting. The Senior Underwriter is responsible for setting growth strategy, budgeting and portfolio management of Oman Re’s Marine and Offshore Energy book of business.
Duties and Responsibilities:
• Underwrite and guide colleagues in writing new and renewal marine and offshore energy business within the delegated authority and in accordance with the underwriting guidelines, procedures, limits, terms and conditions.
• Pricing of marine and energy facultative risks.
• Analyze and investigate new marine and offshore energy acceptances beyond underwriting limits and present with recommendations for decision-making.
• Act as primary point of contact for direct or brokered marine and energy business.
• Client managing and developing new business opportunities.
• Produce regular reports of underwriting performance and overall operation.
• Search for market-specific information and sharing with marine and energy team.
• Coordinate with strategic partners on business development, training and various projects.
• Review statistics and information for periodic production reports.
• Perform ad-hoc duties as assigned by the head of department.
Education and Experience:
• Bachelor’s degree in engineering, insurance or relevant.
• Possess professional certification, such as ACII, CPCU or equivalent.
• Minimum of seven years of experience including three successful years in similar role.
Skills and Capabilities:
• Demonstrate attention to detail and strong negotiation skills.
• Time management skills with ability to work within tight deadlines.
• Strong interpersonal skills.
• Excellent communication skills (written and verbal).
• Proficient in office computing applications.
Duties and Responsibilities:
• Underwriting new and renewal facultative property business within the delegated authority and in accordance with the underwriting guidelines, procedures, limits, terms and conditions.
• Review all information and data accuracy within assigned policy limits and authority level in adherence of underwriting guidelines and reinsurance protections by using existing modeling, pricing tools and methods.
• Review contracts and summaries to ensure they are consistent and accurately reflect binding agreement or terms negotiated on behalf of clients and reinsurers.
• Coordinate the research, processing and resolution of difficult and complex client issues as well as follow-up for final resolution.
• Review aggregate exposure entries for accuracy and approved limits.
• Monitor receipt of contracts in accordance with initial marketing and final terms.
• Be the front-line point of contact for clients on mid-term policy changes.
• Participate in marketing strategy as per limits and maintain excellent relationship with ceding companies and brokers.
• Perform ad-hoc duties as assigned by the line manager.
Education and Experience:
• Bachelor’s degree in engineering, business studies or relevant.
• Possess professional certification, such as Cert CII, Dip CII or equivalent.
• Minimum of three years of experience with Property Underwriting space.
Skills and Capabilities:
• Demonstrate attention to detail.
• Ability to coordinate and perform multiple tasks simultaneously.
• Good interpersonal skills.
• Strong communication skills.
• Proficient in office computing applications.
Duties and Responsibilities:
• Provide support and contribute to quarterly Actuarial Reserving Calculations.
• Undertake the data preparation and reconciliation of reserving exercises.
• Prepare Quarterly Reserving Summary Reports as well as applicable statutory reports.
• Assist in the implementation of IFRS17 project.
• Assist on governance, monitoring and documentation for all pricing tools.
• Assist on the review of Forecasting Models Development.
• Assist on the review in Planning scenarios and ORSA report.
• Undertake the Cash Flow calculations and reports.
• Assist in regularly maintaining and updating the Company’s enterprise–wide risk registers.
• Assist on Rating agency models.
• Assist in reviewing and monitoring Company’s Policies, Processes and Procedures (PPPs) and compliance to standards.
• Contribute with insight and research to relevant sections of ERM reports and assist in the preparation of such reports.
• Performs ad-hoc duties as assigned.
Education and Experience:
• Bachelor’s degree in Actuarial Science, Mathematics or similar subject area
• Pursuing professional actuarial exams with any internationally recognized actuarial organization.
• 0-1 years of experience in actuarial related roles; fresh graduates will be considered.
Skills and Capabilities:
• Demonstrate sharp attention to details.
• Strong analytical and problem-solving skills
• Strong communication skills (written and verbal).
• Proficiency in MS Excel, VBA experience would be an advantage.
• Knowledge of R would be an advantage.
Please send in your CVs latest by 7th February 2023 via email with relevant position as the subject to: recruitment@omanre.com.om
