Senior Underwriter (P&S)

Mutakamela Insurance Company; Riyadh; On-site; SAR 180,000 - 320,000; Full time

Job summary

Mutakamela Insurance in Saudi Arabia is seeking a Senior Underwriter in the P&S department to join our team. You will assess risks, determine premiums, and prepare underwriting and pricing documentation while overseeing policy servicing, billing, and renewals.

Compliance with underwriting guidelines and regulatory requirements is essential. The role requires a Bachelor’s degree and a minimum of 3 years in underwriting, preferably in Life & Savings Insurance, with strong analytical,

Qualifications

• Bachelor’s degree in Business Administration, Insurance, or a related field.
• Minimum 3 years of underwriting experience, preferably in Life & Savings Insurance.
• Strong knowledge of risk assessment, pricing, and regulatory compliance.
• Excellent analytical, problem-solving, and communication skills.

Responsibilities

• Assess risks and determine appropriate premiums.
• Review exposures, analyze experience ratings, and adjust pricing within delegated authority.
• Prepare underwriting and pricing documentation.
• Oversee policy servicing, billing, and renewals.
• Ensure compliance with underwriting guidelines and regulatory requirements.
• Analyze underwriting data and support process improvements.

Skills

Analytical thinking

Problem-solving

Communication skills

Education

Bachelor's degree in Business Administration, Insurance, or related field

Job description

Mutakamela Insurance is looking for a Senior Underwriter in the P&S department to join our team.

About Mutakamela

Mutakamela Insurance is proud to be a growing leader in the insurance sector in Saudi Arabia. We are committed to attracting and developing top talent to support our continued success and expansion. At Mutakamela, we believe in building a strong, capable workforce aligned with our core values and strategic goals. Our culture is rooted in professionalism, innovation, and collaboration, making us a trusted name in the industry and a great place to grow your career.

Key Responsibilities

• Assess risks and determine appropriate premiums.
• Review exposures, analyze experience ratings, and adjust pricing within delegated authority.
• Prepare underwriting and pricing documentation.
• Oversee policy servicing, billing, and renewals.
• Ensure compliance with underwriting guidelines and regulatory requirements.
• Analyze underwriting data and support process improvements.

Requirements

• Bachelor’s degree in Business Administration, Insurance, or a related field.
• Minimum 3 years of experience in underwriting, preferably in Life & Savings Insurance.
• Strong knowledge of risk assessment, pricing, and regulatory compliance.
• Excellent analytical, problem-solving, and communication skills.