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Head of Insurance Underwriting

Client of Michael Page

Posted on May 22, 2019

10 - 11 years Saudi Arabia - Saudi Arabia

Bachelor of Commerce(Commerce), Other(Other), Bachelor of Technology/Engineering(Any, Other Engineering), Bachelor of Arts(Any, Economics, Other). Any Nationality

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Job Description

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Job Description
Underwriting Leadership
Oversees the firm's insurance underwriting operations and guides the development of underwriting policies and standards.
Collaborates with senior management to develop, implement and administer policies and programmes to ensure high quality underwriting and minimize claims.
Advises senior management on risk & compliance issues related to credit insurance.
Underwriting Process
Guides and reviews the development of underwriting policies and standards like examination of underwriting files for risk selection, use and adequacy of rating models, wording including coverage provided and other terms and conditions.
Supervises the insurance underwriting operations while focusing on both efficiency / cycle time and compliance.
Evaluates the acceptability of risks associated with application and approves & signs off on the underwriting report in relation to risk assessment.
Participates in risk evaluation committee meetings (if necessary) and keeps abreast with relevant rules and regulations.
Develops and maintains relationships and communication with business heads, actuaries, and risk management department.
Policies and Procedures
Ensures the preparation, maintenance and recording of all documents and data relating to underwriting process and policy documents in a systematic manner adhering to requisite legal formalities and internal policies.
Constantly reviews and recommends changes to the underwriting guidelines and procedures to ensure underwriting profitability.

Insurance / Underwriting / Surveying / Actuary

Desired Candidate Profile

Bachelor's degree in Finance, Accounting, Economics, Commerce or any related discipline
Master's degree in Finance, Accounting, Economics, Commerce or any related discipline is preferred
Minimum of 10 years of experience in Credit Administration and Underwriting with at least 6 years in a similar role
Experience in banking industry and insurance products.
Experience in reviewing loan and insurance packages prepared
Technical skills:
• Solid understanding of Financing products, preferably Export/ Import Financing products
• Advanced knowledge in risk assessment, insurance products and underwriting process.
• Proven insurance underwriting skills
• Other skills:
• Exceptional analytical and quantitative skill
• Excellent oral and written communication skills in both English and Arabic
• Project management and organization skills
• Strong detail orientation
High standards of values and ethics, and professional behaviorfor clients.
What's on Offer
Very attractive package and benefits.. no Tax


Head of Insurance Underwriting

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Client of Michael Page

Michael Page is the original PageGroup brand, which is one of the leading and well-known recruitment consultancies in the world and spans 6 continents. Established in London in the year 1976, PageGroup operates 3 main brands Michael Page, Page Personnel, and Page Executive. Michael Page comprise s of 25 disciplines that provide services to different specialist areas of the market and its businesses range from international blue-chip organizations to SMEs.

Michael Page is involved in recruiting for temporary, permanent, interim as well as contract roles mainly from second to third job levels upward. Providing excellent career opportunities and recruitment services on a regional, global and local level, the company’s office network spans in different locations including, Dubai, Abu Dhabi, Qatar, Saudi Arabia, Bahrain, and Kuwait. The key recruitment expertise of Michael Page includes:

- Finance & Accounting

- Construction

- Banking & Financial Services

- Human Resources

- Marketing

- Digital

- Sales

- Legal

- Engineering & Manufacturing

- Technology

- Retail

- Executive Search

- Tax

- Property

- Procurement & Supply Chain

- Oil & Gas

The company always looks to hire dedicated and skilled employees and offers them excellent learning and development opportunities, rewards and training.

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