Underwriting Supervisor (ReTakaful/Life)

leading-edge; Riyadh; On-site; SAR 180,000 - 240,000; Full time

Job summary

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

You will provide underwriting leadership, manage reinsurance partnerships, and drive MIS analytics to optimize loss ratios while ensuring compliance with regulatory requirements and internal policies.

Qualifications

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

Responsibilities

• Oversee underwriting for Individual Credit Life and Banca products with sound risk assessment and decision-making.
• Manage reinsurance activities, including partner coordination and treaty administration.
• Maintain MIS for analytics and loss ratio optimization to improve business performance.
• Develop and implement underwriting policies and procedures for regulatory compliance and efficiency.
• Ensure quality assurance and compliance with regulatory requirements and internal policies.

Skills

Leadership

Risk assessment

Communication

Relationship-building

Underwriting

Sound decision-making

Education

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

Tools

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.