Risk Management, Methods & Insurance Officer

Main Functions and Accountabilities

• Support the implementation and monitoring of the company's risk management framework, policies, procedures, and standards.
• Identify, assess, analyze, and evaluate potential operational, financial, contractual, and business risks.
• Maintain and update the corporate risk register, ensuring that identified risks, mitigation measures, and action plans are properly documented.
• Monitor risk mitigation plans and follow up with relevant departments to ensure timely implementation of corrective actions.
• Support the development, review and continuous improvement of risk management methods, tools, processes and procedures.
• Conduct risk assessments and prepare periodic risk reports, dashboards, and management presentations.
• Coordinate insurance activities, including policy renewals, premium payments, claims processing, and insurance documentation.
• Liaise with insurance brokers, underwriters, and other relevant stakeholders on insurance coverage, policy terms, and claims management.
• Monitor the adequacy of insurance coverage to ensure that company assets, personnel, projects and business operations are appropriately protected.
• Assist in the review of insurance policies and identify potential gaps in coverage, exclusions and areas requiring improvement.
• Coordinate the preparation and submission of insurance claims, ensuring that supporting documents are accurate and submitted within required timelines.
• Ensure compliance with applicable regulatory requirements, contractual obligations and internal risk management and insurance procedures.
• Support internal and external audits by providing relevant risk management records, insurance documents, and compliance reports.
• Promote risk awareness across the organisation through guidance, training and communication with relevant departments.
• Perform other related duties as assigned by the supervisor or head of department.

Skills and Competencies:

• Good knowledge of enterprise risk management principles, frameworks and methodologies.
• Strong risk identification, assessment, analysis and mitigation skills.
• Understanding of insurance principles, policies, underwriting and claims management.
• Knowledge of insurance brokerage, policy administration and contract management.
• Strong analytical, problem-solving and decision-making skills.
• Excellent report writing, documentation and presentation skills.
• Good knowledge of risk assessment tools, risk registers and monitoring techniques.
• Proficiency in Microsoft Office applications, particularly Excel, Word and PowerPoint.
• Strong organizational, planning, and time management skills.
• Excellent communication, interpersonal, and stakeholder management skills.
• High attention to detail, accuracy, and confidentiality.
• Ability to work independently and collaboratively across multidisciplinary teams.
• Good understanding of regulatory compliance, corporate governance, and internal control processes.

Job Requirements

• Bachelor's degree in risk management, insurance, actuarial science, finance, accounting, business administration, Economics or any other relevant discipline.
• Minimum of 3 - 5 years of relevant experience in risk management, insurance administration, corporate governance, internal controls, or a related field.
• Professional certification in risk management or insurance will be an added advantage.
• Relevant professional qualifications such as:
• Associate of the Chartered Insurance Institute of Nigeria (ACIIN).
• Chartered Insurance Institute (CII).
• Risk Management Professional (PMI-RMP).
• Financial Risk Manager (FRM).
• Certified Risk Management Professional (CRMP).
• Experience in the oil and gas industry or a similar high-risk operating environment will be an added advantage.
• Practical experience in insurance claims administration, risk reporting, policy reviews, and risk mitigation monitoring.