Head of Insurance Underwriting
Well established organisation
with huge potentials and career progression
About Our Client
A Leading Financial Institution actively contributing to the growth of the kingdom and achieving 2030 vision goals.
§ 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.
§ 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
- 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