Senior Energy Underwriter

Consulture Search; Riyadh; On-site; SAR 200,000 - 250,000; Full time

Job summary

A leading energy solutions firm in Riyadh is seeking a Senior Energy Underwriter to manage underwriting for oil & gas, power, and renewable sectors. The ideal candidate has 5–10 years of experience in energy underwriting, strong analytical skills, and is fluent in English, with Arabic preferred. This role requires building relationships with brokers and clients while ensuring compliance and portfolio profitability.

Qualifications

• 5-10 years experience within Energy underwriting.
• Proven track record of underwriting complex energy risks.
• Fluent in English; Arabic preferred.

Responsibilities

• Define and implement the energy underwriting strategy.
• Evaluate and structure complex energy risks.
• Oversee performance of the energy book to meet profitability targets.

Skills

Analytical skills

Negotiation skills

Problem-solving capabilities

Interpersonal skills

Communication skills

Education

Bachelor's degree in Finance, Economics, Engineering or relevant field

Professional certifications (e.g. ACII, FCII, CPCU, ARM)

Job description

About the role

As the Senior Energy Underwriter, you will be responsible for the underwriting of all aspects of the energy portfolio, including oil & gas, power, renewables, and infrastructure projects. The role requires deep technical expertise to assess and price risks, negotiate terms, and structure tailored solutions for clients in partnership with brokers. You will set underwriting guidelines, monitor portfolio performance, and ensure adherence to governance and compliance frameworks. Externally, you will act as a senior market representative, building credibility with stakeholders and driving the companys presence in regional and international energy markets.

Responsibilities

Underwriting Strategy

• Define and implement the companys energy underwriting strategy in line with corporate objectives and risk appetite.
• Identify opportunities for portfolio growth across oil & gas, power, and renewable energy sectors.
• Ensure consistent application of underwriting standards and pricing models.

Risk Assessment & Technical Oversight

• Evaluate, structure, and price complex energy risks with accuracy and discipline.
• Develop bespoke coverage solutions to meet client and broker requirements.
• Monitor exposure and aggregation levels to maintain portfolio balance.

Portfolio Management

• Oversee the performance of the energy book to achieve profitability targets.
• Regularly review and adjust underwriting guidelines to reflect market dynamics.
• Ensure compliance with reinsurance treaties and optimise facultative placements.

Market Engagement

• Build and maintain strong relationships with brokers, reinsurers, and corporate clients.
• Represent the company at industry events, conferences, and high-level negotiations.
• Enhance the companys visibility and credibility within regional and global energy markets.

Candidate Qualifications

Education

• Bachelors degree in Finance, Economics, Engineering, or another relevant field (MBA or postgraduate degree advantageous).
• Recognised professional certifications (e.g. ACII, FCII, CPCU, ARM) demonstrating technical excellence.

Experience

• 5 10 years experience within the Energy underwriting
• Proven track record of underwriting complex energy risks, supported by extensive market knowledge and leadership experience.

Proven track record of interacting with regional and international insurers, reinsurers, and intermediaries.

Technical Competencies

Strong analytical and critical-thinking skills with ability to assess complex risks.

Broad knowledge across all energy risks.

Proficiency in business practices, data management, and reporting, supported by advanced computer skills.

Behavioural Competencies

Excellent negotiation and problem-solving capabilities at a senior level.

Strong interpersonal and communication skills for engaging with internal and external stakeholders.

Effective time management, facilitation, and decision-making in high-pressure environments.

Languages

• Fluent English, Arabic preferred