Insurance Specialist at Oman Investment Authority

The Oman Investment Authority (OIA) is inviting applications for the position of Insurance Specialist at its headquarters in Muscat. This role presents a distinguished opportunity for ambitious professionals to join one of the most vital national institutions responsible for managing and investing government assets in the Sultanate of Oman.

Overview of the Oman Investment Authority

The Oman Investment Authority is the sovereign wealth fund of the Government of the Sultanate of Oman. It was established to manage a diversified portfolio of domestic and international assets with the aim of achieving sustainable financial returns that support the national economy in the long term. The Authority operates under the highest standards of governance and transparency, making it a stimulating and professional work environment.

Job Description and Responsibilities

The appointed Insurance Specialist will execute a range of critical tasks related to risk management for the Authority's assets and investments. The core responsibilities expected for this role include:

• Insurance Program Management: Developing, implementing, and managing comprehensive insurance strategies and programs for the Authority and its diverse investment portfolio.
• Risk Assessment: Analyzing and evaluating potential risks facing investment assets and projects, and determining appropriate insurance coverage requirements.
• Policy Negotiation & Placement: Conducting comparisons between insurance provider proposals, and negotiating policy terms, conditions, and premiums to secure optimal coverage at the best value.
• Claims Management: Coordinating with internal departments and insurance companies to register, follow up, and settle insurance claims efficiently and in a timely manner.
• Compliance & Review: Ensuring all insurance activities and programs comply with local and international regulations and industry best practices.
• Advisory & Development: Providing advice and guidance to various departments within the Authority on insurance and risk management matters, and contributing to the development of related policies and procedures.

Qualifications and Requirements

To be a qualified candidate for this important role, you must meet the following criteria:

• Educational Qualification: A Bachelor's degree in a relevant field such as Business Administration, Finance, Insurance, or Risk Management. Preference will be given to candidates with higher academic qualifications or specialized professional certifications (e.g., ACII, CPCU).
• Work Experience: A minimum of 5 years of practical experience in the insurance or risk management field, preferably with some exposure within major financial/investment institutions or insurance companies.
• Technical Knowledge: In-depth understanding of various insurance products and services (e.g., Property, Liability, D&O, etc.) and local/international insurance markets.
• Personal Skills: Excellent communication and negotiation skills, ability to analyze data and present reports clearly, attention to detail and accuracy, and the ability to work within a team in a dynamic environment.
• Language Proficiency: Fluency in both Arabic and English, spoken and written.

Why Work at Oman Investment Authority?

Joining the Oman Investment Authority means working in a strategic environment that directly contributes to strengthening the Omani economy. The Authority offers its employees:

• A stimulating and professional work environment focused on continuous development.
• Genuine opportunities for career growth and exposure to massive, diversified investment projects.
• A competitive benefits package aligned with best practices in the job market (details will be discussed with qualified candidates).

How to Apply for the Position

Applications for the position are accepted exclusively through the official Naukrigulf online platform, where the advertisement was posted. Please visit the link mentioned in the job source and submit your application along with an updated and documented Curriculum Vitae. Ensure your CV highlights experiences and projects directly relevant to asset and investment insurance.

Note: Given the importance and sensitivity of the role, all applications will undergo rigorous review, and only qualified candidates will be contacted for interviews. Early application is advisable.