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Head of Insurance Underwriting

Client of PageExecutive

Posted on January 15, 2020

6 - 7 years Saudi Arabia - Saudi Arabia

Bachelor of Arts(Economics). Any Nationality

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Job Description

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A Leading Financial Institution actively contributing to the growth of the kingdom and achieving 2030 vision goals.
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.
The Successful Applicant
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

Insurance / Underwriting / Surveying / Actuary


Head of Insurance Underwriting

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