Summary
Overview
Work history
Education
Skills
Accomplishments
Languages
Timeline
Generic
Mazin Fdaul

Mazin Fdaul

Riyadh,Saudi Arabia

Summary

My career objective is to utilize my highly motivated and results-oriented approach, along with my extensive experience in various lines of insurance and risk management (including property & casualty, medical, marine, general, and life), to secure a challenging position in a progressive organization. I have a comprehensive expertise in risk management, insurance strategies, and analytical problem-solving. I am committed to delivering exceptional results and optimizing risk mitigation strategies while fostering positive relationships with stakeholders.

Overview

28
28
years of professional experience
5
5
years of post-secondary education

Work history

Risk &Insurance Manager

Abdullatif Alissa Group Holding Co
Riyadh, Saudi Arabia
10.2020 - Current
  • Managing and providing comprehensive insurance services across the group that include Medical, Motor, Property, Cash, Fidelity Guarantee, Credit Life, D&O & Marine ; always staying abreast of Insurance Sector changing legal dynamics, new regulations and developments
  • Responsible for inviting proposals from insurance companies, conducting in-depth comparative analysis, analysing allocated insurance budgets, obtaining management's approval and negotiating final cost-effective deals with the insurance service providers
  • Conducting, following up, accomplishing, and analyzing all insurance claims maintaining the claims disposal/settlement ratio eradicating chances of any fraudulent or unauthorized claims
  • Maintaining regular engagements and building a harmonious relationship with Insurance Service Providers and all insurance service beneficiaries (Group employees)
  • Managing, developing and maintaining Group's organizational risk framework to achieve overall performance and compliance
  • Conducting and sharing timely and regular financial analysis of the insurance data to have deep insights impacting the Group's industry and businesses.
  • Reviewed risk processes and practices to activate improvement opportunities.
  • Monitored regulatory changes and updated policies and procedures accordingly for compliant risk management.

Insurance Manager

Al Yusr Leasing& Financing Co
Riyadh, Saudi Arabia
07.2010 - 10.2020
  • Identifying and advising on physical hazards such as motor (120,000 vehicles), property, money, fire, theft, business interruption and covering each aspect of the company operations.
  • Forming and maintaining relationships with Insurers, Brokers, Risk-adjusters and all other related third parties involved in Insurance policies
  • Advise underwriters on new risks exposures, loss estimates and risk improvement proposals
  • Actively involved in the negotiating of premiums and covers
  • Identifying and analyze areas of potential risk to the assets, earning capacity, or success of organizations
  • Identifying key risks and mitigating factors of potential investments, such as asset types and values, legal and ownership structures, professional reputations, customer bases, or industry segments
  • Conducting statistical analyses to quantify risk, using statistical analysis ERM models
  • Assess, document and communicate the risks inherent in the business and advise/recommend action
  • Devise systems and processes to monitor validity of risk modeling outputs
  • Develop and implement risk-assessment models and methodologies
  • Gather risk-related data from internal or external resources
  • Planning, and contribute to development of, risk management systems.

Claim Adjuster

Pilot Catastrophe
Dallas,TX, United States
02.2010 - 07.2010
  • Investigated the claims by interviewing claimant and the witnesses, consulting the police and the hospital records and examining property harm to find out the extent of industry's liability
  • Assessed the price or value of the insured item
  • Estimated merits payments and granted payments of the claims within definite monetary limit.
  • Recorded detailed, accurate claim particulars for reliable case notes.
  • Followed up on all client requests and verified resolution.

Claim Specialist

Budget Auto
Dallas ,TX, United States
04.2009 - 07.2010
  • Claim handling
  • Preparing and providing a repair estimate to the client (MITCHELL ULTRA MATE )
  • Dealing with the spare parts and auto body materials supplier
  • Responsible for the daily accounting operations
  • Accounts payable, accounts receivable, and payroll
  • Reconciliations (AP/AR)
  • Process payment for Parts, Service, and Body Shop
  • Customer service


SR. Risk MGT specialist

DAL Group
Khartoum, Sudan
07.2007 - 03.2009
  • Worked in the financial planning and controlling unit, providing risk information to Group management rough oral and written communications
  • Interface with business units, underwriters, actuaries, claims specialists and others in identifying, analyzing, and presenting risk management information through presentations, reports and risk management publications
  • Identifying and advising on physical hazards such as fire, theft, business interruption and covering each aspect of operations
  • Plans, and coordinates risk and insurance programs of DAL Group Companies to control risks and losses
  • Analyze and classifies risks as to frequency and potential severity, and measures financial impact of risk on company
  • Developed and implement risk management programs to reduce losses and insurance costs
  • Review and Reconciled, insurance accounts (premiums and claims) between business units and insurance company
  • Organized , accounts activities between the insurance company and business units
  • Organized Claims handling follow up and settlement
  • Prepared operational and risk reports for management analysis
  • Provide safety and security policy as per OHSAS18001Stander
  • Produce all reporting to Steering Group as per standard project management requirements.

Accountant

Accurate Environmental INC
Anaheim ,CA, United States
02.2006 - 05.2007
  • A small environmental engineering company with 10 employees and annual revenue of over $1M.)
  • Prepare, monitor, and maintain computerized accounts payables AP and receivables AR
  • Verify accuracy of purchase orders and invoices
  • Resolve problem areas
  • Billing corporation invoices
  • Generated drafts invoices to FM
  • Printed drafts and sent it to FM
  • Posted invoices and closed batches
  • Finalized all invoices and kept track of the payments

Insurance Executive

Alissa Automotive Co.
Riyadh, Saudi Arabia
11.2000 - 12.2005


  • Worked in the Risk Management Department (Credit & Insurance) for the GM in Saudi Arabia, planning and organizing the operations of the division providing insurance services
  • Responsibility for management of risk and insurance for Alissa Group Co
  • Full responsibility for
  • Analyze, prepares, negotiate, and achieve final agreed signed settlement on delay and disruption type Claims Duties and Responsibilities
  • Prepare a track the list of assets registration for underwriting and premium calculation (addition, deletion, deprecation)
  • Claim handling and settlements, investigated claims by interviewing the claimant and witnesses
  • Coordinated between insurance Co
  • And Alissa group on the closing and settlement of claims, ensuring that all appropriate forms and other policy requirements are completed
  • Accountable premium for renewal of policies for all leasing and installment vehicles which totals to more than20000vehicles
  • Reconciled insurance account, by tracing the premium and claim settlement
  • Established client insurance coverage, calculated premiums and set method of payment closing installment deals with customers
  • Lowering the amount of risk in the implementation of group insurance policies, while maximizing coverage ensuring all Group assets are covered
  • Assist with development of underwriting data collection and analyzes insurance renewal options
  • Evaluate the risk and assesses probability and severity of potential and actual losses and associated with Collection, Accounts, Sales & Marketing and After Sales Service departments on coverage related issues
  • Successful account retention record
  • Improving customer service based on client feedback through the development of new policies and procedures
  • Successfully handled all public relations issues
  • Negotiation of insurance terms and conditions
  • Dandified and developed new business by soliciting potential clients, providing information concerning insurance packages, the range of risk coverage, benefits paid and other policy features.

Insurance sells associate P&C

,Colgindi Trading and Insurance Agency
Khartoum, Sudan
01.1996 - 08.1999
  • Applied knowledge of insurance products to identify and arrange appropriate coverage for individuals and companies as an Insurance Officer
  • Worked as an intermediary between clients and the insurance company, assessing risks accurately and recommending appropriate policies
  • Outlined insurance policies to protect customer interests and meet regulatory requirements.
  • Analyzed and collated a range of information; maintained detailed records of client's insurance history and prepared reports for presentation to company underwriters
  • Discussed with clients their future insurance needs and maintained business contact with them giving prompt attention to their requests; kept updated formal paperwork and correspondence.

Education

Master of Business Administration - Management

American Intercontinental University(AIULA)
Los Angeles/ United States
03.2006 - 03.2007

Property & Casualty loss Adjuster License - Insurance Claim Adjuster

Texas Department of Insurance
Dallas/United States
01.2009 - 04.2009

Bachelors - Accounting &Finance

Omdurman Ahlia University
Khartoum /Sudan
08.1994 - 08.1998

Skills

  • Computer Skills
  • Dealer Management System: Kerridge (ADP Auto line)
  • Estimating system: Ultra mate (Mitchell)
  • Office Software: Proficient with Microsoft Word, Microsoft Excel, Internet Explorer, Microsoft Power point, Microsoft Office project
  • OTHER SKILLS
  • Strong Risk, Accounting and management skills
  • Handles claims investigation with attention to detail and thorough documentation
  • Policy Recommendation, Premium Calculation, Installment Collection
  • Ability to develop and deliver insurance package presentation in MS PowerPoint
  • Excellent communication and negotiation skills, both oral and written, gained from extensive daily contact with clients, insurance companies underwriting and claims adjusting operations, underwriting management
  • Training and Development

Accomplishments

  • Property Damage and Bodily Injury Claims Assessment
  • Medical Liability Evaluation and Settlement
  • Ability to Handle Settlement and Negotiate Acceptable Target Value Range Objectives
  • Skilled in Complex Arbitration and Mediation Negotiation
  • Confidential Records Management
  • Achievement
  • Appropriate technique to minimize loss
  • Organized payments of insurance premiums and claims settlement
  • Standardized and reduce the insurance rate
  • Claim Management
  • Reduce the cost of insurance
  • Professional Training
  • Financial Analysis
  • Quality Management System (ISO 9001:2000)
  • Occupational health & safety management system (OHSMS 18001)
  • TX Property & casualty claim adjustment License Course
  • Associate of risk management (ARM)

Languages

English
Fluent
Arabic
Fluent
Spanish
Beginner

Timeline

Risk &Insurance Manager

Abdullatif Alissa Group Holding Co
10.2020 - Current

Insurance Manager

Al Yusr Leasing& Financing Co
07.2010 - 10.2020

Claim Adjuster

Pilot Catastrophe
02.2010 - 07.2010

Claim Specialist

Budget Auto
04.2009 - 07.2010

Property & Casualty loss Adjuster License - Insurance Claim Adjuster

Texas Department of Insurance
01.2009 - 04.2009

SR. Risk MGT specialist

DAL Group
07.2007 - 03.2009

Master of Business Administration - Management

American Intercontinental University(AIULA)
03.2006 - 03.2007

Accountant

Accurate Environmental INC
02.2006 - 05.2007

Insurance Executive

Alissa Automotive Co.
11.2000 - 12.2005

Insurance sells associate P&C

,Colgindi Trading and Insurance Agency
01.1996 - 08.1999

Bachelors - Accounting &Finance

Omdurman Ahlia University
08.1994 - 08.1998

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Mazin Fdaul