Careers

Believe in creating value not only for our clients and our shareholders, but also for our employees

Job Listings

Arig currently has the following openings. If the list shown below does not match your qualifications and would still like to submit your resume for future consideration, please click here.

Contact Details:

P.O. Box 26992
Manama, Kingdom of Bahrain
Tel: (+973) 17 544115 – 17 544198
Email: applicants@arig.com.bh

Assistant Director – Group Finance

Posted on 13/02/2018

Department: Group Finance

Location: Manama, Bahrain

Job Profile
Responsible for the administration and control of the centralized investment back office operations and preparation of technical accounts.
Responsibilities:

Investment Back Office

  • Monitor and control the investment back office functions to ensure accurate accounting, recording and reporting of investment assets, transactions and income.
  • Ensure, prompt receipt of investment income and settlement of trades, safe custody of investment securities and support the investment activity of the group.
  • Periodically review the investment accounting and reporting procedures and recommend suitable improvements. Maintain and update relevant procedure manuals.
  • Ensure preparation of suitable investment performance and compliance report to management, regulatory authorities and rating agencies.

Technical Accounting

  • Organizes the receipt of all information, reviews and analyses the information extracted from the reinsurance computer systems and ensures the production of timely, accurate and complete insurance technical accounts.
  • Maintains the development statistics for the insurance technical accounts and prepares necessary analysis, reports and information for determination of technical provisions.

Risk & Compliance

  • Ensure compliance with Document retention policies with regard to reporting.
  • Ensure compliance with investment policies, guidelines and applicable regulations.

People Management

Guide, direct and counsel staff to perform effectively to their highest potential.

External Interface

Establish relationship with brokers, bankers and custodians and manage the KYC process.

Requirements:
  • Minimum of 10 years experience in a senior managerial position with investment accounting and/or reinsurance accounting exposure in a financial services organization. exposure to business planning and budgeting preferred.
  • University Degree in Accounting.
  • Professionally qualified accountant. (CA/CPA)
  • Additional qualification: CFA and/or ACII preferred

 

 

Assistant Director – Medical

Posted on 14/05/2018

Department: Life and Medical

Location: Manama, Bahrain

Job Profile
Provide key input into the planning and development of the medical department to ensure achievement of the financial objective as set out in the Annual Budget and in accordance with Arig’s annual and long term business strategy.
Responsibilities:

Business Analysis & Performance Review

Conduct regular reviews of business production and performance to ensure profitability as per business plan objective.

Monitor and analyze the existing business portfolio and perform remedial measures where deemed appropriate to secure the targeted results.

 

Business Generation

Identify, evaluate and propose potential new business opportunities to grow premium volume in line with business plan objectives.

 

Business / Marketing Development

Developing and implement the departments marketing plan in order to achieve agreed business plan objectives.

 

Budget

Prepare the annual Business Plan.

 

Underwriting

Responsible for co-ordination with consultant actuary and maintenance of all Medical pricing tables.

 

Guidelines & Procedures

Oversee reviews of underwriting guidelines, recommend and implement approved changed.

 

Approving Authority

Actively involved in reviewing underwriting decisions of complex or large nature, take underwriting decisions according to the underwriting guidelines and allocated limits of authority.

 

Professional Interface

Establish and maintain relationships with clients to develop existing business portfolios and create business opportunities

 

Documentation & Filing

Monitor and control the documentation and filing system to ensure all underwriting files are being maintained in accordance to the departmental procedures.

 

People Management

Guide, direct and counsel, subordinates to perform effectively to their highest potential.

 

Risk Management & Compliance

Assist in identifying, assessing and managing risk associated with business and ensure adherence to the policies and procedures, rules and regulations and approval structure.

Requirements:
  • 8 years of experience with minimum of 5 years in a senior position (in the same field of insurance or re-insurance).
  • University Degree.
  • Insurance professional accreditation (Medical).

Senior Manager – Legal, Compliance & Anti Money Laundering

Posted on 01/10/2018

Department: Legal & Compliance

Location: Manama, Bahrain

Job Profile
• To oversee the development of the Legal and Compliance strategy and liaise with regulatory bodies to ensure that Arig applies highest level of compliance at all levels.
• Responsible for the provision of timely advice/guidance to the management together with the management of Legal and Compliance processes and procedures applicable to Arig.
Responsibilities:

Legal

  • To provide strategic direction for the Legal Services.
  • Coordinate and operate relevant procedures to ensure that all legal agreements are reviewed and maintained.
  • To provide legal advice to all business units and support functions.
  • To support the business units in the development, application and review of various regulations, policies and procedures which involve legal considerations.
  • To draft, update and review contracts and other legal documentation.
  • To ensure that changes in the law and in regulations that affect Arig are identified, and to advise on appropriate action.
  • To coordinate with external legal firms, and ensure that Arig benefits for cost-effective legal advice and work.
  • To raise the awareness of legal issues within Arig through the provision of internal training sessions.
  • Provide translation services of Compliance and Legal documents when required.
  • To undertake other duties which are broadly in line with the key responsibilities.

 

Compliance

  • Identify, develop and coordinate the establishment and maintenance of company policies, procedures and systems to ensure compliance with the Central Bank of Bahrain – Rulebook & other applicable regulatory requirements.
  • Coordinate for the production and submission of the required regulatory reports, notifications and approval requests in an accurate and timely manner.
  • Maintain and update the required regulatory reports, records and registers as mandated by the regulatory provisions.
  • Manage and supervise implementation of company’s compliance framework in co-ordination with all functional areas within the company.
  • Monitor and control disclosure of company information prior to publication and ensure appropriate regulatory approvals are sought in an accurate and timely manner.
  • Monitor compliance requirements of subsidiaries and branches as may be required from time to time.
  • Provide report at regular interval to the Audit Committee / Board of Directors about the Compliance implementation status.
  • Carry out such other assignments as instructed by Audit Committee.

 

Anti Money Laundering

  • Coordinate for and operate relevant procedures to ensure compliance with the Anti– money laundering rules and regulations issued by the Central Bank of Bahrain or as appropriate.
  • Ensure compliance of relevant corporate policies and procedures on Anti-money Laundering, including monitoring of transactions and filing of necessary reports to relevant authorities.
  • Provide and manage Anti-money laundering training to employees within the company.
  • Maintain appropriate records for Anti-money Laundering programmes and all related activities in line with the statutory and regulatory requirements.

 

Corporate Governance

  • Maintaining and updating the Governance framework, monitoring compliance with requirements in the framework
  • Provide active assistance to Corporate Secretary in coordinating matters relating to governance matters.
  • Establish and maintaining records of all operational policies, procedures, manuals, and analyzing appropriate reports ensure effective corporate governance
Requirements:
  • Minimum of 10 years of  experience  involving a broad range of disciplines (Legal, Audit, Finance, Compliance and Risk Assessment) at a financial institution operating in a well extensively regulated environment.
  • University Degree in Law.
  • Professionally qualified lawyer or associate member of a professional legal body.

Underwriter – Marine

Posted on 18/07/2018

Department: Facultative

Location: Manama, Bahrain

Job Profile
Manage the overall operations of the facultative section to ensure achievement of the business plan and ensure portfolio profitability.
Responsibilities:

Business Analysis & Performance Reviews

Perform detailed analysis of each offer to ensure sufficiency of information required and assist the underwriting decisions and recommendations.

 

Underwriting

Assist the underwriting team in the evaluation, pricing, underwriting and rating process and ensure sufficiency of information is in accordance to the underwriting guidelines.

 

Underwriting Process

  • Responsible for the underwriting process of data entry and follow ups on renewal in a timely and efficient manner. Efficiently check the contract wordings, cover notes and slip wordings to ensure accuracy as per the standards and guidelines.
  • Respond to CTA queries in an accurate and timely manner.

 

Reinsurance

Prepare the placement of all specific outward reinsurance, including compilation of renewal information and statistics in a timely and accurate manner.

 

Client Interface

Provide brokers and cedants efficient customer services to ensure high levels of customer satisfaction.

 

Documentation & Filing

  • Monitor the expiration and renewal list  of all underwriting files in an accurate and timely manner.
  • Maintain a systemized filing system for the physical and indexed documents to ensure smooth retrieval in a timely and efficient manner.

Marketing

Promote Arig as a professional re-insurer and eventually assist in the marketing of the business to achieve departmental results.

 

External Interface

Establish and maintain relationships with cedents and brokers in order to optimize production and generate profit.

Requirements:
  • Minimum 5 years of experience in insurance/reinsurance.
  • University Degree.
  • Professional certification in insurance.

Director – Facultative

Posted on 12/08/2018

Department: Facultative

Location: Manama, Bahrain

Job Profile
Plan, Direct and Lead the strategy and operations of the Facultative to ensure achievement of the production and financial objectives of the department in accordance with Arig's annual and long term business plans.
Responsibilities:

Generic

Planning

Lead the business planning process, guide and direct the preparation of long and short term business plans for the Facultative department.

 

Leadership

Lead and motivate employees to implement departmental objectives and facilitates creation of an environment that encourages people to work  to their potential.

 

Resource Management

Ensure availability of adequate, timely and quality resources (financial, technical and human) at optimum cost for the department.

 

Professional Interface

Establish and maintain effective working relations with professional counterparts and external parties who have significant impact on the company.

 

Business Developments

Keep abreast of the latest market developments (opportunities), business developments, underwriting performance and claims issues and recommend changes in a timely and efficient manner.

 

Specific

Performance Review

Conduct regular reviews of core clients in terms of production and performance  in addition to the departments overall performance  to ensure profitability as per the business plan.

 

Guidelines & Procedures

Assist in underwriting reviews, recommend changes and implement approved ones to the guidelines and procedures in consideration of the market portfolio conditions / results.

 

Business Generation

Direct and lead the procurement of business from territories specified in adherence to the business and financial objectives.

 

Business Development

Implement the departments business development plans and actively identify new business potentials and manage the realizisation in coordination with the management to achieve agreed business objectives and targets.

 

Risk Management & Compliance

Identify and assess risk associated with business and ensure adherence to the policies and procedures, rules and regulations, and approval structure.

Requirements:
  • 10 years of experience with a minimum of 5 years in a senior position (in the same field of insurance or re-insurance).
  • University Degree.
  • Insurance professional accreditation.

Director – Treaty

Posted on 12/08/2018

Department: Treaty

Location: Manama, Bahrain

Job Profile
Plan, Direct and Lead the strategy and operations of the Treaty to ensure achievement of the production and financial objectives of the department in accordance with Arig's annual and long term business plans.
Responsibilities:

Generic

Planning

Lead the business planning process, guide and direct the preparation of long and short term business plans for the Treaty department.

 

Leadership

Lead and motivate employees to implement departmental objectives and facilitates creation of an environment that encourages people to work to their potential.

 

Resource Management

Ensure availability of adequate, timely and quality resources (financial, technical and human) at optimum cost for the department.

 

Professional Interface

Establish and maintain effective working relations with professional counterparts and external parties who have significant impact on the company.

 

Business Developments

Keep abreast of the latest market developments (opportunities), business developments, underwriting performance and claims issues and recommend changes in a timely and efficient manner.

 

Specific

Performance Review

Conduct regular reviews of core clients in terms of production and performance  in addition to the departments overall performance  to ensure profitability as per the business plan.

 

Guidelines & Procedures

Assist in underwriting reviews, recommend changes and implement approved ones to the guidelines and procedures in consideration of the market portfolio conditions / results.

 

Business Generation

Direct and lead the procurement of business from territories specified in adherence to the business and financial objectives.

 

Business Development

Implement the departments business development plans and actively identify new business potentials and manage the realizisation in coordination with the management to achieve agreed business objectives and targets.

 

Risk Management & Compliance

Identify and assess risk associated with business and ensure adherence to the policies and procedures, rules and regulations, and approval structure.

Requirements:
  • 10 years of experience with a minimum of 5 years in a senior position (in the same field of insurance or re-insurance).
  • University Degree.
  • Insurance professional accreditation.

Director – Claims and Technical Accounting

Posted on 15/08/2018

Department: Claims and Technical Accounting

Location: Manama, Bahrain

Job Profile
Plan, Direct and Lead the strategy and operations of the Claims and Technical Accounting department to ensure achievement of the production and financial objectives of the department in accordance with Arig's annual and long term business plans.
Responsibilities:

Generic

Planning

Lead the business planning process, guide and direct the preparation of long and short term business plans for the Claims & Technical Accounting department.

 

Leadership

Lead and motivate employees to implement departmental objectives and facilitates creation of an environment that encourages people to work  to their potential.

 

Resource Management

Ensure availability of adequate, timely and quality resources (financial, technical and human) at optimum cost for the department.

 

Professional Interface

Establish and maintain effective working relations with professional counterparts and external parties who have significant impact on the company.

 

Specific

Policies & Procedures

Develop and implement the departments policies and procedures, monitor changes that affect the operations and ensure implementation as required in an accurate and timely manner.

 

Operations

Direct, monitor and control the operational activities to ensure effective and efficient services are being provided to meet the departmental objectives in compliance with the policies and procedures.

Directs the commutation process to ensure full compliance to the policies and procedures.

 

Claims Disputes

Directs all the claims disputes, rejections, ex-gratia or w.p. settlements in coordination with the legal department in a timely and efficient manner to ensure high levels of service is being provided.

 

Policy Wordings

Direct the process of reviewing the policy/contract wordings, specific to claims and interpreting contract coverage to determine the companys liability.

 

Reserves

Contribute to the review and establishment of the overall company technical reserves through proactive management to ensure notified reserves are being booked in an accurate and timely manner.

 

Market Developments

Keep abreast of the market developments in respect to;

  • the financial strength of business partners in a timely and efficient manner to identify immediate credit controls for companies facing financial difficulties, schemes of arrangements and liquidation and maximize recoveries.
  • Investigate opportunities to market the department competencies to third parties.

 

Advisory

Assists the management within the reinsurance group by providing advisory services in the process of decision making with a view to ensure adequate management of the company’s exposures.

Requirements:
  • 10 years of experience with a minimum of 5 years in a senior position (in the same field of insurance or re-insurance).
  • University Degree.
  • Insurance professional accreditation.

Assistant Manager – Reinsurance Accounting & Settlement

Posted on 26/09/2018

Department: Group Finance

Location: Manama, Bahrain

Job Profile
Perform reinsurance accounting activities to ensure processing, recording and settlement of all reinsurance transactions in an accurate and timely manner and in compliance with accounting policies and procedures. Assist in preparation of technical accounts.
Responsibilities:

Technical Accounting

  • Assist in the production of timely, accurate and complete insurance technical accounts.
  • Assist in maintaining development statistics for the insurance technical accounts and prepare necessary analysis, reports and information for determination of technical provisions.
  • Assist in reinsurance settlements, cash management, reconciliation etc.
  • Assist in appropriate application of accounting standards.

 

Reporting

Assist in preparation of reports for regulatory, rating and management reporting.

 

Documentation

Ensure proper documentation and filing of reinsurance accounting records in accordance with department policies and procedures.

 

Risk & Compliance

Ensure full compliance with the company policies and procedures and external regulatory requirements.

Requirements:
  • Minimum of 2-3 years post qualification experience in a major company with exposure to computerized accounting.
  • University Degree in Accounting.
  • Professional accounting qualification CA/CPA.
© 2018 Arab Insurance Group (B.S.C.) is a reinsurance firm regulated by the Central Bank of Bahrain