Executive Adjuster - Major Loss

Position Overview

McLarens LLC is seeking a highly skilled and experienced Executive Adjuster – Major Loss to join our dynamic team in Riyadh. In this critical role, you will be responsible for managing and resolving complex insurance claims involving significant financial losses, ensuring accuracy, efficiency, and adherence to regulatory standards. The ideal candidate will possess a deep understanding of major loss claims, exceptional analytical skills, and the ability to liaise effectively with stakeholders, including clients, insurers, and legal representatives.

Key Responsibilities

• Claims Management: Oversee the entire lifecycle of major loss claims, from initial assessment to final resolution, ensuring timely and accurate processing while minimizing financial exposure for the insurer.
• Investigation & Analysis: Conduct thorough investigations into claims, including reviewing policy terms, gathering evidence, and collaborating with forensic experts, engineers, or other specialists as needed to determine liability and coverage.
• Stakeholder Communication: Serve as the primary point of contact for clients, insurers, and legal teams, providing clear and professional updates on claim statuses, negotiating settlements, and addressing any concerns or disputes that may arise.
• Regulatory Compliance: Ensure all claim activities comply with local and international insurance regulations, company policies, and industry best practices to mitigate risks and avoid legal complications.
• Financial Oversight: Evaluate claim valuations, assess reserve adequacy, and recommend settlements that align with company objectives while maintaining fairness and transparency for all parties involved.
• Reporting & Documentation: Prepare detailed reports on claim progress, financial impacts, and risk exposures, maintaining meticulous records to support audits, reviews, or legal proceedings.
• Strategic Collaboration: Work closely with underwriting, risk management, and legal departments to identify trends, improve claim processes, and enhance overall operational efficiency within the organization.

Qualifications & Experience

To excel in this role, candidates must meet the following requirements:

• Education: A bachelor’s degree in Business Administration, Finance, Risk Management, or a related field. Professional certifications such as CPCU (Chartered Property Casualty Underwriter), ACIArb (Associate of the Chartered Institute of Arbitrators), or equivalent are highly desirable.
• Experience: Minimum of 8+ years of progressive experience in insurance claims, with a focus on major loss or complex commercial claims. Prior experience in the Middle East market is advantageous.
• Technical Skills: Proficiency in claims management software (e.g., Guidewire, Xactimate) and advanced knowledge of insurance policies, coverage interpretations, and legal frameworks governing major losses.
• Soft Skills: Exceptional negotiation, communication, and problem-solving abilities, with a keen attention to detail and the capacity to manage high-pressure situations effectively.
• Language Proficiency: Fluency in English is mandatory; proficiency in Arabic is a strong asset.

Why Join McLarens LLC?

As a global leader in claims management and loss adjusting, McLarens LLC offers a dynamic and rewarding career path for professionals seeking to make a tangible impact in the insurance industry. Our team in Riyadh operates at the forefront of major loss claims, providing unparalleled opportunities for career growth, professional development, and exposure to high-profile cases. We foster a collaborative work environment that values innovation, integrity, and excellence, supported by competitive compensation packages and comprehensive benefits.

If you are a results-driven professional with a passion for claims resolution and a commitment to delivering exceptional service, we invite you to apply and become part of our esteemed team in Riyadh.