Title Underwriter, Sovereign Risks

SDGs @ IsDB Group

Search by KeywordSearch by LocationShow More OptionsLoading...CompanyAllComplexAllDepartmentAllSelect How Often (in Days) To Receive An Alert:Select how often (in days) to receive an alert:Apply now Title: Underwriter, Sovereign RisksRequisition ID: 5722OVERVIEWDepartment Underwriting Operations Department Country United Arab Emirates Location Dubai Job Grade P3 Contract Type Fixed Term (Local) Closing Date 08-Nov-2025JOB PURPOSEThe role holder is responsible for providing comprehensive support and assistance to the Associate Manager, Operations (Sovereign Risks) in all underwriting operations related to sovereign risk transactions, particularly in (but not limited to) the assigned region/ market/ client. He or she will analyze and screens proposals, perform all requisite risk analysis (financial and project due diligence), manage transaction applications, documentation of all approved policies and timely preparation of all requisite reports. This role is also responsible for presenting all information and data collated about the potential project/transaction/customer to the Technical Underwriting and Claims Committees in order to assist in making an informed decision. The role holder will provide inputs to policy administration database to ensure effective management of policy an safeguarding the Corporation s financial health.The role holder will also be responsible for the entire underwriting process, from enquiry stage to policy issuance and policy administration throughout the policy period. The role also entails direct interaction with senior government officials, financial institutions, and multilateral partners, ensuring that underwriting decisions align with ICIEC s strategic goal.KEY ACCOUNTABILITIESFeasibility AssessmentLiaises with the Associate Manager, Operations (Commercial Risks) to present insurance proposals to the Technical Underwriting Committee for approval and provides all the facts of the case, as well as his/her point of view to assist the Underwriting Committee to take an informed decision.Work closely with various departments such as Business Development, Risk Management, and Legal to ensure comprehensive project evaluation and policy formulation.Liaises with the Associate Manager, Operations (Sovereign Risks) to assess application/proposal forms submitted by potential customers, brokers, country & local sales representatives and coordinates with potential customers, country & local sales representatives to collate information required to evaluate the feasibility assessment of potential projects/transactions/customers for requested insurance coverage.Review applications for insurance coverage from sovereign entities, including state-owned enterprises, especially from (but not limited to) the assigned region/ market/ client.Liaises with the Associate Manager, Operations (Sovereign Risks) on assessing projects, sovereign buyers and State-Owned Banks creditworthiness by analyzing financial statements and considers all relevant risk factors (e.g. political risks, financial risks, payment experience, etc.) and suggests insurance pricing using various methodologies.Evaluate large-scale infrastructure, energy, and strategic trade finance transactions, ensuring robust risk assessment methodologies.Follow up on conducting meetings with investors, banks, and Government Officials particularly in (but not limited to) the assigned region/ market/ client as and when required to conduct thorough due diligence and prepare assessment reports.Provides all the necessary assistance Manager, Operations (Sovereign Risks) pertaining to sovereign risks underwriting in directing the policy portfolio by conducting requisite underwriting analysis to determine the risks associated with potential transactions and obligors.Assists in conducting in-depth financial analysis of the projects or state-owned entities through analysis of business plans, financial models, cash flow statements, assets, projected cash flows and other sources to determine the creditworthiness of the obligor involved in the transaction.Assists in conducting due diligence by conducting meetings with the obligor to understand various aspects of their business plan, assess value of securities, analyze governance structure of the business etc. to evaluate the potential risk in the transaction including risks associated with contract frustration and performance risk.Utilizes different sources of information to identify any legal issues associated with the project/transaction and involves the Legal Affairs Department in evaluation of default risk from a legal perspective.Assists in conducting meetings with local banks (especially the DIFC established banks), financial authorities and local financial institutions to ensure the due diligence about the transaction and buyer /bank is done thoroughly to minimize the risk of claims.