Underwriting Supervisor (ReTakaful / Life)

Leading Edge; Riyadh; Hybrid; SAR 150,000 - 200,000; Full time

Job summary

A professional insurance firm is seeking an experienced Underwriting Supervisor to lead underwriting for Individual Credit Life and Banca products. The candidate will manage reinsurance processes and ensure compliance with regulatory standards. With over 4 years of experience in a supervisory role, applicants must have strong communication skills, expertise in underwriting, and the ability to analyze management information systems to improve business performance. This position is based in Riyadh, Saudi Arabia with a willingness to relocate for GCC opportunities.

Qualifications

• 4+ years of experience in a life insurance supervisory role.
• Expertise in risk assessment and life insurance products.
• Skilled in analytics and monitoring loss ratios.

Responsibilities

• Oversee underwriting for Individual Credit Life and Banca products.
• Manage reinsurance activities and partner coordination.
• Analyze management information systems to optimize loss ratios.

Skills

Excellent communication skills

Relationship-building skills

Expertise in underwriting

Experience in reinsurance operations

Education

Bachelor's degree in Business, Finance, or related field

Tools

Management Information Systems (MIS)

Analytics tools

Job description

Job Title : Underwriting Supervisor (ReTakaful / Life)

Industry : Insurance

Location : GCC (Willing to relocate)

Job Summary

Our client is seeking an experienced Underwriting Supervisor to oversee life insurance underwriting and reinsurance activities for Individual Credit Life and Banca products.

Key Responsibilities

• Underwriting Leadership & Supervision : Oversee underwriting for Individual Credit Life and Banca products, ensuring sound risk assessment and decision-making.
• Reinsurance Management : Manage reinsurance activities, including partner coordination and treaty administration.
• MIS, Analytics & Loss Ratio Optimization : Maintain and analyze management information systems (MIS) to optimize loss ratios and improve business performance.
• Policy & Procedure Development : Develop and implement underwriting policies and procedures to ensure compliance and efficiency.
• Quality Assurance & Compliance : Ensure quality assurance and compliance with regulatory requirements and internal policies.

Requirements

• Education : Bachelor's degree in Business, Finance, or a related field.
• Experience : 4+ years of experience in a life insurance supervisory role, with expertise in underwriting, risk assessment, and life insurance products.
• Excellent communication and relationship-building skills.
• Experience in reinsurance operations and partner coordination.
• Skilled in MIS, analytics, and monitoring loss ratios.