Are you seeking an opportunity to show your exceptional skills and knowledge? Are you looking for a company which provides you with dynamic and challenging work environment every single day? If yes, look no further ….. We are probing for individuals who are skilled, knowledgeable and are ready to work in a fast paced environment to deliver top notch solutions to cater business needs.
ABOUT NABORS
Nabors is a leading provider of advanced technology for the energy industry. With operations in about 20 countries, Nabors has established a global network of people, technology and equipment to deploy solutions that deliver safe, efficient and responsible hydrocarbon production. By leveraging its core competencies, particularly in drilling, engineering, automation, data science and manufacturing, Nabors aims to innovate the future of energy and enable the transition to a lower carbon world.
JOB SUMMARY
Manager of Risk Management will support the strategic development, implementation, and effective administration of all corporate global risk management programs. The responsibilities of the Manager of Risk Management include supporting insurance renewals, managing claims, and working closely with the business and Director of Risk Management on insurance related initiatives - identifying, measuring and managing risks, developing reports and plans, and analyzing risk/insurance problems and successes to optimize future operations.
DUTIES AND RESPONSIBILITIES
Facilitate the following:Procurement of insurance (renewals and new placements) and related in-house services, e.g., invoice approval and payment processing, certificates of insurance.Procurement of surety bonds (renewals and new issuances) and related in-house services, e.g., invoice approval and payment processing.Insurance captive management, including run-off programs. Insurance claims management and related activities, e.g., mediations.Service provider/vendor relationships and related services, e.g., invoice approval and payment processing, service agreement negotiations.Insurance brokers, insurance claim administrators, actuaries, insurance companies/underwriters, insurance consultants, as well as act as liaison with in house legal counsel.Advise/Consult on the following:Evaluation and implementation of risk mitigation strategies. Insured claim accruals.Acquisition and divestiture due diligence, if any. Litigated/non-litigated insurance claim resolutions. Insurance underwriter meetings/presentations. Preparation of Board presentations.Contract reviews, e.g., insurance provisions/requirements.Supports the corporate property casualty insurance programs including the renewal processes and claims management.Supports contract reviews and approvals to ensure compliance with the organization’s insurance programs. Oversees review and approval of contract negotiations to obtain insurance terms acceptable to the organization.Manages the development of proactive risk management techniques, such as operation audits in order to minimize the potential for losses.Supports the development of overall corporate risk management strategies, using loss data and industry trends to determine the optimal retention levels.Oversees the investigations of incidences that may result in asset loss.Approves reserves for claims exposures and communicates with underwriters and internal accounting managers the nature of the reserves while producing monthly loss histories detailing the net exposures to Company and underwriters.Directs and oversees the implementation of policies, procedures, and programs for reducing claims costs and frequency.Develops and implements means to achieve effective communication, coordination of effort, and information flow.Direct personnel to ensure identified projects and tasks are completed as necessary for business conditions and ensure marketing department has the appropriate resources.Performs other duties and special projects as requested by senior management.