Policy Management Executive - TPA insurance

Policy Management Executive

Description

This is a broad and general role that will get involved in a range of policy management activities, with the view to specialize as the role evolves. The Policy Management Executive will support the Middle East region, giving great exposure to a range of products and business units. You are expected to help deliver the continued monitoring programme ensuring the business is meeting regulatory requirements and all policies, procedures and systems are in line with company compliance plan.

Responsibilities

Perform below duties; to ensure that all policies and procedures are implemented and well documented.

· Plan and coordinate the operational activities to guarantee compliance with local Laws and Regulations.

· Provide extensive support and guidance to Regional and International teams on Middle East compliance queries and requirements.

· Undertake compliance data gathering and validation activities on regular basis based on agreement level.

· Maintain issue log to identify gaps and opportunities for process improvements.

· Conduct periodic internal audit, identify problem areas and help formulate strategy to maintain compliance status.

· Stays updated with the regulatory requirement with the changes and impart inter-department training when needed.

· Closely partner with regional sales and client management teams to provide advice, support and guidance on all regulatory and compliance matters.

· Support with preparation and management of client and broker contracts

· Monitoring and collection of renewed broker licenses

· Timely follow up to ensure signed contracts are received on time

· Support the teams to identify all compliance risks, help gather missing information and avoid non-compliance cases.

· Monitor and report adherence of compliance practice across business.

· Establish and maintain relationships with key stakeholders

Experience & Competencies

· Minimum Bachelors degree

· High proficiency in MS office, excel in particular

· Understanding of regulatory requirements and its practical application

· Great rapport building and communication skills

· Strong problem solving, leadership skills, analytical and decision-making skills

· Minimum of 3 years’ experience of the Middle East insurance market and its associated risks

Job Type: Full-time

Pay: AED5,000.00 - AED6,000.00 per month

Experience:

• Insurance: 2 years (Preferred)

Application Deadline: 02/03/2024