Underwriting Supervisor (ReTakaful / Life)

Leading Edge; Riyadh; On-site; SAR 262,000 - 338,000; Full time

Job summary

A dynamic insurance firm is seeking an experienced Underwriting Supervisor to oversee life insurance underwriting and reinsurance activities. This role involves managing Individual Credit Life and Banca products, ensuring effective risk assessment, and developing policies to improve compliance. Candidates should have a Bachelor's degree and over 4 years of experience in underwriting and reinsurance operations, with strong communication skills.

Qualifications

• 4+ years of experience in a life insurance supervisory role.
• Expertise in underwriting and risk assessment.
• Experience in reinsurance operations.

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

Risk assessment

Leadership

Communication

Reinsurance operations

Analytics

Education

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

Job description

Overview

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.

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.

Qualifications & 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.