35 Insurance jobs in Saudi Arabia

This role holder is responsible for assisting the Manager of Finance in ensuring compliance with IFRS 17 standards and providing accurate financial reporting and analysis. In addition, this role is responsible for preparing financial reports and analyses to facilitate Senior Management decision-making.

Core Responsibilities

1. Implementation and Compliance:
   Leads or supports the post-implementation integration of IFRS 17 standards within the organization.
   Ensures that all financial reporting processes and systems are aligned with IFRS 17 requirements.
   Monitors changes in IFRS 17 regulations and assesses their impact on financial reporting practices.
   Prepares and analyses financial statements, in accordance with IFRS.
   Ensures accuracy and completeness of financial data and disclosures.
   Consolidates financial data from various sources to produce consolidated financial statements.
2. Data Management and Analysis:
   Gathers and analyses financial data.
   Performs detailed data reconciliations and validations to support financial reporting.
   Identifies and investigates discrepancies or variances in financial data.
3. Auditing and Assurance:
   Conducts internal reviews to verify compliance with IFRS 17 standards and internal controls.
   Assists external auditors during audits and provides necessary documentation and explanations.
   Prepares audit schedules and supports audit findings.
4. Cross-functional Collaboration:
   Works closely with other departments such as actuarial, IT, and legal to ensure comprehensive understanding and implementation of IFRS 17 requirements.
   Provides guidance and training on IFRS 17 standards to finance and non-finance personnel as needed.
   Collaborates with stakeholders to address issues and improve processes.
5. Accounting Statements:
   Assists the Lead Accountant in ensuring that the book accounts are updated at all times to facilitate accurate report generation for Management decision-making.
   Assists the Lead Accountant in finalizing quarterly and annual financial statements in a timely and accurate manner.
6. Bookkeeping and General Ledger Management:
   Maintains and reconciles general ledger accounts.
   Provides support in recording financial transactions and ensures entries are posted correctly and on time.
7. Audit Support:
   Assists in the preparation for and coordination of internal and external audits.
   Provides audit schedules, documentation, and explanations as required.
   Addresses audit findings and implements recommendations.
8. Documentation and Reporting:
   Maintains documentation of accounting policies and procedures.
   Prepares and presents reports on IFRS 17 implementation progress and compliance status to management.
   Prepares monthly reconciliations.
   Recommends and implements improvements to financial reporting processes and systems to enhance efficiency and accuracy in IFRS 17 reporting.
   Stays updated with emerging trends and developments in IFRSs and Takaful accounting.
9. Special Projects:
   Participates in ad-hoc projects and initiatives as assigned by management.
   Contributes to process improvements and organizational growth.
10. Other Responsibilities:
    The role holder will also perform duties pertinent to the Department/Division as assigned by his line manager.

Field of Study: Finance/Accountancy

Academic Qualifications and Relevant Experience:
High School Diploma
Bachelor’s Degree
Master’s Degree
Doctorate

Experience:
5 years in Finance, managing and handling financial accounting operations from financial, insurance, reinsurance, and banking institutions.
In-depth experience in IFRS implementation.

Professional Certifications:
Relevant certifications such as CPA / CA preferable.

Business Language Skills:
Good command of written and spoken English essential; additional languages such as Arabic, French is an added advantage.

Key Performance Indicators:
Timeliness and Quality of Reports
Timely and accurate generation of quarterly and year-end financial statements
Percent adherence to accounting norms (AAOIFI & IFRS)

Competency:
Focus on Customers: Applying
Drive Results: Applying
Collaborate as One Team: Applying
Shape the Future: NA
Engage Talent: NA
Enable Change: NA
Accounting Concepts: Intermediate
Accounting Standards: Intermediate
Islamic Accounting Standards: Intermediate
Budgeting & Control: Intermediate
Stakeholder Relationship Management: Basic
Finance System Workflow: Intermediate
Finance Systems Reporting: Intermediate
ICIEC Business Knowledge: Intermediate
ICIEC Product Knowledge: Basic
Knowledge Sharing: Basic
Communication and Presentation Skills: Basic
Business Acumen: Intermediate
Risk Management: Basic

If you meet the criteria and you are enthusiastic about the role, we would welcome your application. To complete the application, you would need the following document(s):

At Faithful Executive, we pride ourselves on connecting exceptional talent with outstanding opportunities across the Middle East region. Our commitment to excellence and trust makes us a key partner for both clients and candidates.

We are currently recruiting on behalf of one of our longstanding clients in the insurance sector in Saudi Arabia. As part of their continued commitment to compliance and risk mitigation, they are strengthening their internal fraud prevention capabilities and are seeking two key hires :

• An experienced Anti-Fraud Manager to lead investigations and strategy.
• A motivated Anti-Fraud Officer to support operations and monitoring.

Positions : Anti-Fraud Manager & Anti-Fraud Officer – Insurance Sector

Location : Jeddah, Saudi Arabia

Key Responsibilities (Manager & Officer)

• Detect, investigate, and report suspected cases of internal or external fraud.
• Develop and implement fraud prevention policies and procedures (Manager).
• Monitor transactions and system alerts to identify unusual activity.
• Coordinate with internal departments (audit, compliance, legal, HR) on fraud-related matters.
• Lead or support fraud investigations and maintain documentation of findings.
• Prepare internal reports and regulatory submissions as required (Manager).
• Conduct fraud risk assessments and contribute to continuous process improvement.
• Promote fraud awareness across the organization.

Qualifications

Manager :

• Minimum 5 years of experience in anti-fraud, compliance, or internal audit.
• Bachelor’s or Master’s in Finance, Law, Risk Management, or related field.
• CFE certification highly preferred.

Officer :

• 1–2 years of experience in fraud detection, auditing, or risk operations.
• Bachelor’s degree in Business, Criminology, or related area.

For both roles:

• Experience in the insurance sector is strongly preferred.
• Fluency in Arabic and English is essential.

Interested?

If you are looking to take the next step in your compliance career and contribute to fraud prevention in a forward-thinking organization, please send your CV to .

Join us in shaping the future of talent in the Middle East.

#InsuranceCareers #AntiFraudJobs #KSAJobs #FaithfulExecutive #TalentMENA #ComplianceCareers #FraudPrevention

Job Openings Senior Manager - Insurance Business Rules/RCM/Denial Management

Role Summary: Business Rules Senior Manager

• Responsible for managing the product image and its development though client Interface by connecting Content and Business teams(BDU)simultaneously.
• Ensuring and supporting the development for rules content by providing support to internal team by reviewing, guiding, and validating the activities performed in the same regard.
• Reviewing data analytics and extracting insights based on market payers, regulator protocols, claims denial trends and users feedback analysis is also a part of the role being performed.
• To ensure adherence to market billing standards and protocols, the Business Rules Sr. Manager will be expected to work closely with stakeholders like payers, regulators and healthcare providers, revenue cycle departments to analyze coding/billing issues to be compliant with regulatory policies or denials with payers in market of KSA

Primary Responsibilities:

1. Role act as a bridge between internal THYNK team and the management to communicate the vision and related development of the product.

2. Partnering with existing and potential clients to bring the vision for update to THYNK team.

3. Liaising with team regularly and reviewing the activities to support best in interest of the vision of the management.

4. Developing on functionalities that can best support product to groom as per market practice.

5. Should be able to work well under pressure and simultaneous reporting to multiple lines of management.

6. Monthly validating with analysis team and review of claim remittance reports across all the payers and simultaneous provision of feedback suggesting updates for the rule engine thereby decreasing denial trends for the clients and maximizing remittance output.

7. Regular analysis and review of bypass reports containing feedback from end users to improve the rules logic, quality and accuracy of validation analysis and review of bypass reports containing feedback from end users to improve the rules logic, quality and accuracy of validation outcomes and optimizing end user experience.

8. Reviewing with internal teams clients historical denial reports establishing their trend analysis and target rules content profile to address their revenue integrity.

9. Apply effective communication skills (written and spoken) to communicate with all parties internal and external analyzing market insights and best market practice to produce accurate representation of the issues and the proposed solutions in the form of Rules Content definitions.

Job Requirements:

1. Minimum 10 years experience in the claim adjudication lifecycle and payer/TPA is a must.

2. Previous work experience with Data Analytics packages such as Power BI will be preferred.

3. Excellent Analytical skills and an eye for detail is a must.

4. Understanding of insurance adjudication guidelines and protocols in a way to comprehend best to enrich KSA Rules repository.

5. Recognized Professional Certification in Medical Coding will be a plus but not mandatory.

6. Should be well versed in KSA local market regulations and adjudication protocols.

7. Excellent verbal/written communication and presentation skills.

8. Proficiency in Healthcare Information Systems

9. Medical training as Doctor/Nurse/Pharmacist is highly desirable.

10. Certifications in Insurance and project management is highly desired

Aramco energizes the world economy.

Aramco occupies a special position in the global energy industry. We are one of the world’s largest producers of hydrocarbon energy and chemicals, with among the lowest Upstream carbon intensities of any major producer.

With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco’s value to society.

Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a ’ spanning view of the future, born of our nine decades experience as responsible stewards of the Kingdom’s vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.

We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.

Overview

We are seeking an Insurance Risk Specialist to join Insurance Management & Advisory Division (IMAD) of Financial Risk Management (FRMD) at Saudi Aramco.

IMAD is within Treasury and its function is to provide support across the Company through the identification, quantification and mitigation of casualty risks and to reduce the cost of insured and uninsured loss to the Company, its subsidiaries and affiliates.

Your role will be to analyze risk exposures, design strategies and procure insurance to protect assets and mitigate the liabilities of a growing company.

Key Responsibilities

As the successful candidate you will be required to perform the following:

• Apply working knowledge of captive insurance companies.
• Develop strategy to mitigate or transfer risk.
• Analyze, critique and draft risk allocation, indemnity, insurance and other related contract provisions.
• Negotiate, implement and administer insurance and reinsurance placement structures (including optimal use of captive or alternative finance and transfer mechanisms).
• Develop and advise on the implementation of risk and insurance policy and procedures.
• Manage and coordinate broker, insurer, consultant and other service provider activities (including risk engineering and asset appraisals); Negotiate claims and pursue recovery from third parties.
• Mentor and develop staff.
• Represent the interests of the Division at internal and external meetings and assignments.

Minimum requirements

As a successful candidate you will hold the following:

• Bachelors or Masters degree, preferably in insurance or risk management from a recognized and approved program. A professional certification such as ACII, CMIRM, SIRM, or CPCU is .
• 15 years experience in the oil & gas, petrochemical industry or a major corporate organization.
• Have relevant corporate risk and insurance expertise obtained from industry, international broking, risk management or insurance company background and ideally with experience of the energy and petrochemical industry sector.

Job Post Duration

Job posting start date: 07/01/2025

Job posting end date: 12/31/2025

Working environment

Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly.

At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world’s biggest technical, logistical and environmental challenges, we invest heavily in talent development.

We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs – one of the largest in the world.

• Education:

• Experience:

• Skills:

- Ability to evaluate medical cases and make approval or denial decisions based on medical criteria.

- Strong communication and negotiation skills with healthcare providers and insurance companies.

- Proficient in the use of medical insurance systems and electronic medical records.

- Analytical skills and accuracy in reviewing medical applications and approvals.

• Tasks and responsibilities:

- Review health insurance applications and ensure they meet requirements and standards.

- Coordinate with physicians and medical teams to ensure appropriate services are provided to insured persons.

- Communicate with insurance companies to follow up on medical approval cases and resolve disputes.

- Ensure prompt response to approval requests and reduce patient wait times.

- Provide periodic reports on the performance of medical approval processes and operational observations.

- Train and mentor employees to improve workflow efficiency.

• Languages:

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Direct message the job poster from Starlinks

Job Purpose:

To support and oversee the organization's global and local insurance programs, ensuring comprehensive and cost-effective coverage for assets, liabilities, and operations. The role includes policy administration, claims management, contract review, compliance, stakeholder engagement, and contributing to the broader risk management strategy.

Main Job Responsibilities:

1- Insurance Program Management

• Develop, implement, and manage insurance portfolios across regions and business units.
• Coordinate with internal stakeholders and brokers to ensure timely renewals and optimal coverage.
• Monitor and update insured values and coverage limits ahead of renewal cycles.
• Evaluate and recommend insurance products that mitigate risk while maximizing cost-efficiency.
• Review policies to identify enhancements and remove redundancies.
• Maintain accurate and up-to-date policy information across internal systems.

2- Claims Administration

• Serve as the escalation point for complex claims and ensure timely, favorable resolutions.
• Collaborate with loss adjusters, brokers, and insurers to manage claims effectively.
• Maintain a central claims register and provide regular reporting to senior stakeholders.
• Analyze claims trends to recommend improvements to processes and coverage.

3- Contract Insurance Review

• Review contracts and tenders to ensure appropriate insurance provisions.
• Liaise with brokers and legal teams for technical coverage reviews and recommendations.
• Maintain records of all contract reviews and coordinate approvals for any insurance deviations.
• Develop and deliver training sessions and materials on insurance policies, claims handling, and related risk topics.
• Promote awareness and understanding of insurance principles across departments.

5- Documentation & Compliance

• Ensure timely issuance of insurance certificates and policy documentation.
• Oversee the processing and reconciliation of premium payments in accordance with policy terms.
• Collect and maintain necessary compliance documentation (e.g., KYC) in line with regulatory requirements.
• Stay abreast of changes in insurance regulations and advise internal stakeholders accordingly.
• Prepare regular reports outlining coverage status, cost efficiencies, and claims performance.
• Support senior management in the development and execution of insurance strategies.
• Contribute to ongoing risk assessments and identify potential gaps in insurance coverage.

Requirements

• Bachelor degree in Risk, Economics, Business or related field.
• Understanding Of insurance market, policy structure, and claims processes
• Ability to assess risk and tailor insurance solution accordingly
• Familiarity with regulatory and compliance requirements across jurisdictions
• Excellent communication and interpersonal skills
• strong analytical and decision-making capabilities
• Collaborative mindset with the ability to work across functions and regions
• Results-driven and adaptable in a fast-paced environment

Certification:

Insurance Certification.

• Seniority level Mid-Senior level

• Employment type Full-time

• Job function Accounting/Auditing
• Industries Transportation, Logistics, Supply Chain and Storage, Warehousing and Storage, and Freight and Package Transportation

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Join to apply for the Senior Manager - Insurance Business Rules/RCM/Denial Management role at SANTECHTURE

Join to apply for the Senior Manager - Insurance Business Rules/RCM/Denial Management role at SANTECHTURE

Role Summary: Business Rules Senior Manager

• Responsible for managing the product image and its development though client Interface by connecting Content and Business teams(BDU)simultaneously.
• Ensuring and supporting the development for rules content by providing support to internal team by reviewing, guiding, and validating the activities performed in the same regard.
• Reviewing data analytics and extracting insights based on market payers, regulator protocols, claims denial trends and users feedback analysis is also a part of the role being performed.
• To ensure adherence to market billing standards and protocols, the Business Rules Sr. Manager will be expected to work closely with stakeholders like payers, regulators and healthcare providers, revenue cycle departments to analyze coding/billing issues to be compliant with regulatory policies or denials with payers in market of KSA
  
  

• Role act as a bridge between internal THYNK team and the management to communicate the vision and related development of the product.
• Partnering with existing and potential clients to bring the vision for update to THYNK team.
• Liaising with team regularly and reviewing the activities to support best in interest of the vision of the management.
• Developing on functionalities that can best support product to groom as per market practice.
• Should be able to work well under pressure and simultaneous reporting to multiple lines of management.
• Monthly validating with analysis team and review of claim remittance reports across all the payers and simultaneous provision of feedback suggesting updates for the rule engine thereby decreasing denial trends for the clients and maximizing remittance output.
• Regular analysis and review of bypass reports containing feedback from end users to improve the rules logic, quality and accuracy of validation analysis and review of bypass reports containing feedback from end users to improve the rules logic, quality and accuracy of validation outcomes and optimizing end user experience.
• Reviewing with internal teams clients historical denial reports establishing their trend analysis and target rules content profile to address their revenue integrity.
• Apply effective communication skills (written and spoken) to communicate with all parties internal and external analyzing market insights and best market practice to produce accurate representation of the issues and the proposed solutions in the form of Rules Content definitions.
  
  

• Minimum 10 years experience in the claim adjudication lifecycle and payer/TPA is a must.
• Previous work experience with Data Analytics packages such as Power BI will be preferred.
• Excellent Analytical skills and an eye for detail is a must.
• Understanding of insurance adjudication guidelines and protocols in a way to comprehend best to enrich KSA Rules repository.
• Recognized Professional Certification in Medical Coding will be a plus but not mandatory.
• Should be well versed in KSA local market regulations and adjudication protocols.
• Excellent verbal/written communication and presentation skills.
• Proficiency in Healthcare Information Systems
• Medical training as Doctor/Nurse/Pharmacist is highly desirable.
• Certifications in Insurance and project management is highly desired

• Seniority level Mid-Senior level

• Employment type Full-time

• Job function Finance and Sales
• Industries IT Services and IT Consulting

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We have an urgent requirement for an Assistant IT Manager with experience in the Insurance domain for our client based in Riyadh, Saudi Arabia.

• Manage and lead IT operations including infrastructure, software applications, security, and support services.
• Collaborate with business stakeholders to understand technology needs and implement scalable insurance solutions.
• Oversee the development, deployment, and maintenance of insurance platforms (Policy Admin, Claims, Underwriting, etc.).
• Ensure compliance with industry regulations (e.g., IRDAI) and data protection policies.
• Plan and manage IT budgets, procurement, and vendor contracts.
• Lead IT projects, including core insurance system upgrades, integrations, and new implementations.
• Monitor and ensure uptime, data integrity, and cybersecurity standards across systems.
• Evaluate emerging technologies and provide recommendations for improving business performance.
• Supervise and mentor IT staff, ensuring effective performance and skill development.
• Coordinate with external vendors and service providers for system support and enhancement.

• Strong understanding of insurance operations, including policy, claims, underwriting, and reinsurance.
• Experience with insurance systems is a plus.
• Proven experience in IT project management and team leadership.
• Knowledge of compliance standards and regulatory requirements in insurance.
• Strong problem-solving, analytical, and communication skills.

Cybersecurity, IT operations management, team leadership, insurance domain knowledge, compliance and regulatory understanding, project management, vendor management, communication skills, data management, analytical skills.

• Mid-Senior level

• Full-time

• Information Technology

• Technology, Information and Internet

This position is based in Riyadh, Saudi Arabia. The posting was made 19 hours ago. Referrals can increase your chances of interviewing at TAT IT Technologies by 2x.

Join to apply for the Consulting Associate Partner - Financial Sector role at Norconsult Telematics

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Join to apply for the Consulting Associate Partner - Financial Sector role at Norconsult Telematics

• Results-driven Associate Partner to join our Financial Services leadership team.
• This role is instrumental in delivering transformative consulting engagements focused on reporting systems, regulatory frameworks, and financial strategy.
• Lead client engagements, shape regulatory and reporting transformation agendas, and build trusted relationships with key stakeholders in Saudi Arabia and across global markets.

Job Description & Responsibilities:

• Lead and manage complex consulting engagements in the financial sector, focusing on regulatory reporting, compliance, and operational excellence.
• Partner with C-level executives to translate business challenges into actionable strategies and technology-enabled solutions.
• Ensure consistent delivery of high-impact outcomes, meeting scope, timelines, and quality benchmarks.
• Act as a subject matter expert on financial regulations, reporting frameworks, and industry best practices.
• Contribute to thought leadership initiatives including white papers, conferences, and internal capability building.
• Stay current with market trends, regulatory changes, and innovations affecting the financial services landscape.
• Build, mentor, and lead high-performing consulting teams across engagements.
• Foster a culture of excellence, collaboration, and continuous learning.
• Identify and pursue new opportunities, lead proposal development, and support strategic go-to-market initiatives.
• Build long-term client relationships that lead to repeat business and trusted advisor status.
• Collaborate with internal and global teams to expand service offerings and capabilities.

Qualifications & Experience:

• Bachelor’s degree in finance, Business, Economics, or related field; MBA or equivalent advanced degree is preferred.
• Minimum 10 years of consulting or financial services experience, with a strong track record of leadership in the Saudi Arabian market and internationally.
• Deep expertise in financial regulatory frameworks and building end-to-end reporting systems.
• Proven experience in managing large-scale consulting projects and cross-functional teams.
• Excellent communication, stakeholder management, and problem-solving skills.
• Strong commercial acumen with the ability to identify and convert opportunities.
• Fluency in English is required; proficiency in Arabic is a strong plus.

• Seniority level Mid-Senior level

• Employment type Full-time

• Job function Consulting
• Industries Business Consulting and Services and Insurance

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