Team Lead, Insurance at Addax Petroleum

 Addax Petroleum is a subsidiary of the Sinopec Group, one of the largest oil and gas producers in China, the biggest oil refiner in Asia and the third largest worldwide.

• Develop, monitor and continually evaluate insurance programs and strategies, to ensure optimal coveage and in so doing, communicate risk issues affecting company.
• Develop strategies for the various types of insurance with the aim of optimizing coverage balanced against premium paid, and where necessary, introduce new workable approaches to ensure process improvement.
• Ensure continued total elimination of fronting fees in line with increased participation of Nigerian underwriters in insurance placement and vigorously pursue and obtain timely settlement of valid insurance claims.
• Engage internal clients to determine their insurance requirements and develop appropriate mechanism to communicate outcome of such engagement to stakeholders.
• Addressing multiplicity of insurance issues raised by internal and external stakeholders.
• Negotiate competitive insurance rates and terms with both the local and foreign underwriters to obtain the best result for company, by optimising relationships with stakeholders to attain their buy-in in the overall company interest.

• A Bachelor’sdegree (minimum of second class, lower division) in accounting, finance, social or actuarial Sciences. 
• Minimum of 8 years relevant experience in oil and gas industry. 
• Membership of a professional body such as ACA/ACCA is desirable.