Senior Underwriter

Leading Edge; Riyadh; On-site; SAR 337,000 - 450,000; Full time

Job summary

A leading insurance firm seeks an experienced Senior Underwriter to assess and underwrite Group Life and Credit Life insurance proposals. This role involves analyzing group demographics and risk factors for pricing, collaborating with various teams to support client acquisition, and ensuring compliance with regulatory requirements. Ideal candidates will have a Bachelor's degree in Insurance or related fields and a minimum of 5 years' experience in underwriting. Relevant certifications like CPCU are a plus.

Qualifications

• Minimum 5 years of experience in Group Life or Credit Life Underwriting.
• Familiarity with underwriting software and digital tools is a plus.
• Relevant certifications like CPCU are desirable.

Responsibilities

• Assess and underwrite Group Life and Credit Life insurance proposals.
• Analyze group demographics and risk factors for pricing.
• Collaborate with sales, actuarial, and operations teams.

Skills

Strong knowledge of employee benefits schemes

Group mortality trends

Credit life products

Education

Bachelor's degree in Insurance, Risk Management, Actuarial Science, or a related field

Tools

Underwriting software

Job description

Job Title: Senior Underwriter - Group Life (Employee Benefits & Credit Life)

Industry: Insurance

Location: GCC (Willing to relocate)

Job Summary

Our client is seeking an experienced Senior Underwriter to assess and underwrite group and credit life insurance proposals, ensuring sound risk evaluation and competitive pricing.

Key Responsibilities

• Assess and underwrite Group Life and Credit Life insurance proposals in line with company guidelines.
• Analyze group demographics, risk factors, and financials to determine appropriate terms and pricing.
• Collaborate with sales, actuarial, and operations teams to support client acquisition and retention.
• Review existing group portfolios and recommend renewal terms and risk management strategies.
• Ensure compliance with regulatory requirements and internal policies.

Requirements

• Education: Bachelor's degree in Insurance, Risk Management, Actuarial Science, or a related field.
• Experience: Minimum 5 years of experience in Group Life and / or Credit Life Underwriting.
• Strong knowledge of employee benefits schemes, group mortality trends, and credit life products.
• Familiarity with underwriting software and digital tools is a plus.
• Certifications: Relevant certifications (e.g., Chartered Property Casualty Underwriter (CPCU)).