Property & Casualty Underwriting Senior Specialist

Al Etihad Cooperative Insurance Co; Saudi Arabia; On-site; SAR 120,000 - 180,000; Full time

Job summary

A leading insurance company in Saudi Arabia is seeking an experienced Underwriter to manage technical aspects of underwriting for non-motor classes. The role involves developing profitable business lines, overseeing underwriting operations, and ensuring compliance with regulatory requirements.

Qualifications

• 5-9 years of experience in underwriting.
• Excellent command of English.

Responsibilities

• Manage underwriting processes for non-motor classes.
• Develop and implement underwriting strategies.
• Lead negotiations on terms and conditions.

Skills

English

Education

Bachelor's degree

Job description

Years of experience:

• 5-9 years

Degree:

• Bachelor's degree

Language:

• Excellent command of English

Main objective of the position:

Responsible for all technical aspects of underwriting for non-motor & non-medical classes of business, including the development of profitable business lines, underwriting operations, renewal management, and risk inspections.

Knowledge and expertise:

1. Manage underwriting processes for non-motor classes such as Property, Engineering, and Liability to ensure profitability and growth.
2. Develop and implement underwriting strategies aligned with company objectives to facilitate profitable expansion.
3. Prepare, organize, and oversee quotations in both Arabic and English for Property, Engineering, and Liability classes with accuracy.
4. Lead negotiations on terms, conditions, and premiums with stakeholders to secure favorable agreements.
5. Handle policy issuance, endorsements, and cancellations, ensuring compliance with policy terms across various classes.
6. Manage the renewal process, including generating and dispatching renewal notices, and negotiating renewal terms with clients and intermediaries.
7. Coordinate with claims, collections, and other departments to ensure smooth operations and customer satisfaction.
8. Provide leadership and technical support to intermediaries and broker development teams, fostering strong relationships.
9. Ensure compliance with all regulatory requirements, including CDC certification and IA documentation, maintaining operational integrity.
10. Monitor and analyze the portfolio independently, preparing reports with insights and strategic recommendations for the Underwriting Manager.