Overview
Purpose:
F3 Advisory Limited forms part of Famalco, a diversified and dynamic organisation. It is currently seeking to recruit a Insurance and Claims Officer to assist with the group’s insurance requirements for both Underwriting and Claims. This position is suitable for experienced professionals who will responsible for overseeing various aspects of the group’s insurance operations and strategies. This role is vital to ensure the company’s growth, profitability, and adherence to industry regulations. The Insurance and Claims Officer will be the liaison with insurance carriers, brokers, agencies, or related financial institutions.
Key Responsibilities:
- Strategic Planning:
- Develop and execute strategic plans to achieve the company’s insurance business goals.
- Analyze market trends, competition, and customer needs to identify growth opportunities.
- Drive innovation in insurance products, services, and processes.
- Business Development:
- Build and maintain relationships with key personnel, brokers, and partners.
- Negotiate terms, pricing, and coverage with brokers and partners.
- Ensure that new business ventures and projects’ risks are covered by adequate policies
- Risk Assessment and Underwriting:
- Oversee the underwriting process to assess risks and determine appropriate coverage and pricing.
- Ensure adherence to underwriting guidelines and regulatory requirements.
- Review complex or high-value insurance applications and claims.
- Ensure timely renewals of existing policies.
- Claims Management:
- Monitor and manage the claims process, ensuring timely and accurate settlement of claims.
- Compliance and Regulation:
- Ensure the company’s insurance operations are in accordance with relevant laws and regulations.
- Reporting and Analysis:
- Prepare and present regular reports on key performance metrics to senior management.
- Analyze data to identify trends, opportunities, and areas for improvement.
Qualifications:
- Qualification in Insurance is preferred although experience in the Insurance market will also be considered;
- Knowledge of the Maltese and English language.
- 3+ years of progressive experience in insurance or related field with a proven track record.
- Strong knowledge of insurance products, underwriting principles, and claims management.
- Excellent communication, negotiation, and interpersonal skills.
- Analytical mindset and ability to make data-driven decisions.
- Proficiency in relevant software and tools for insurance operations and analysis.
Written applications including your current C.V. should be sent, in the strictest confidence to: hr@famalcocareers.com
