Senior Manager | Engineering Underwriting

Consulture Search; Riyadh; On-site; SAR 200,000 - 300,000; Full time

Job summary

A leading insurance underwriting firm is seeking a Senior Engineering Underwriter in Riyadh, Saudi Arabia. Candidates should have a Bachelor's degree in Engineering, strong technical and analytical skills, and at least 7 years of experience in reinsurance or insurance. The role involves critical underwriting tasks, client management, and utilizing advanced pricing tools. This position offers a dynamic work environment focused on business development and risk management.

Qualifications

• 7 years of relevant experience in reinsurance/insurance.
• Familiarity with regulations in mature markets.
• Experience with exposure rating models.

Responsibilities

• Obtain critical underwriting information on time.
• Utilize pricing tools for underwriting decisions.
• Review analysis on all new and renewal business.
• Assist in implementing underwriting systems.
• Develop business from existing clients.
• Support Facultative Underwriting with client relationships.

Skills

Strong technical knowledge

Excellent analytical skills

Proficiency in underwriting tools

Negotiation skills

Communication skills

Education

Bachelors degree in Engineering

MSc in relevant field

Professional Qualification (e.g. ACII)

Job description

Overview

Senior Engineering Underwriter | Riyadh | Saudi Arabia

Education & Experience

• Bachelors degree in Engineering or a relevant field is required, MSc is preferable.
• Professional Qualification e.g. ACII is preferable.
• 7 years of relevant experience in reinsurance / insurance (in a mature market or well-established company)
• Strong technical knowledge and familiarity with regulations.
• Proficiency in underwriting tools, exposure rating models, and portfolio management systems.
• Excellent analytical, negotiation, and communication skills.

Main Responsibilities

• Obtains critical underwriting information and responds within specified time standards.
• Makes the best use of the pricing tools available to take appropriate underwriting decisions.
• Completes review analysis on all new and renewal business.
• Assists in the implementation of underwriting and risk management systems / controls to monitor and evaluate the performance of company\'s business portfolio and associated risks.
• Develops business from existing clients and seeks new sources in order to meet assigned target.
• Supports the Facultative Underwriting department in updating market and client details to ensure proper client relationship management.