186 Senior Underwriter jobs in Saudi Arabia

About Us:

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:

• Responsible for providing support needs for new & renewal business.
• Prepares underwriting documents for pricing exhibits.
• Ensures accurate & timely servicing & billing of accounts.
• Establishes support needs for new & renewal policies.
• Quotes within authority limits by reviewing exposures & experience rating, updating account information, rates and adjusts the price.
• Participates in projects/assignments as needed.

Requirement:

• Knowledgeable in the use of computer rating systems &various software applications.
• Good written & oral communication skills in English & Arabic.
• Bachelor's Degree in the related field
• Strong organizational skills and attention to detail.
• Must not have previously benefited from the
  Tamheer Program
  .

Apply now if you're ready to deliver excellent motor service and grow in a supportive, professional environment.

As our Hotel Underwriter/Analyst, you'll be at the heart of our investment strategy—digging into the numbers, uncovering market potential, and helping decide which projects make the cut. You'll underwrite hotel developments, renovations, and conversions, running the financials that will shape millions of dollars in investments.

If analyzing ADR trends, scoping comps, assessing construction budgets, and calculating cap rates excites you, this is where you'll thrive. We provide training to sharpen your skills, but you'll bring the experience and instincts to hit the ground running.

What You'll Do

• Spot profitable opportunities in hotel acquisitions and developments.
• Build rock-solid financial models to forecast returns and risk.
• Dive deep into market research—comps, ADRs, RevPAR, occupancy trends.
• Analyze construction and renovation budgets for real-world feasibility.
• Prepare investment memos that turn complex data into clear decisions.
• Collaborate with acquisitions, asset management, and finance teams.

What You Bring

• Experience underwriting hotel investments—developments, renovations, and conversions.
• A strong grasp of key hospitality metrics (RevPAR, ADR, cap rates, occupancy).
• Bachelor's in Finance, Real Estate, Economics, Hospitality, or related field.
• Advanced Excel skills and a head for numbers.
• Analytical rigor + the creativity to see opportunity where others don't.

Why You'll Love It Here

• Competitive pay + performance bonuses for deals you help close.
• High visibility—your work will directly impact our investment decisions.
• Get in early with a fast-growing portfolio of exciting hotel projects.
• A team that values collaboration, speed, and big ideas.
• See your work come to life in real-world properties.
• Part-Time Flexibility: Work 4 hours per day from anywhere.
• Career Growth: Collaborate with experienced real estate investors and expand your expertise in hotel acquisitions and development.
• Competitive Compensation: Starting at 4$-$5/hour plus bonuses and commissions for successful closings.
• High-Impact Role: Your insights will directly influence high-value investment decisions.

As part of our application process, we'd like to invite you to complete a brief video interview. You can access the platform and answer the interview questions here:

Please note that candidates who do not complete this step may be given lower priority in the selection process.

Job Type: Part-time

Pay: ﷼ ﷼18.70 per hour

Expected hours: 20 per week

Application Question(s):

• This will be a Work-From-Home role, do you have your own Laptop/PC?

Experience:

• Hotel Underwriting: 3 years (Required)

Direct message the job poster from Mutakamela Insurance

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.

• Responsible for providing support needs for new & renewal business.
• Prepares underwriting documents for pricing exhibits.
• Ensures accurate & timely servicing & billing of accounts.
• Quotes within authority limits by reviewing exposures & experience rating, updating account information, rates and adjusts the price.
• Participates in projects/assignments as needed.

• Knowledgeable in the use of computer rating systems &various software applications.
• Good written & oral communication skills in English & Arabic.
• Bachelor’s Degree in the related field
• Strong organizational skills and attention to detail.
• Must not have previously benefited from the Tamheer Program .

Apply now if you're ready to deliver excellent motor service and grow in a supportive, professional environment.

Company Description

We suggest you enter details here.

Role Description

This is a full-time onsite role for a General Insurance Underwriter located in Riyadh. The General Insurance Underwriter will be responsible for evaluating insurance applications, determining risk levels, and deciding whether to offer coverage. Daily tasks include analyzing client data, assessing financial statements, and communicating with clients and agents. The Underwriter will also prepare reports, maintain records, and ensure compliance with company policies and industry standards.

Qualifications

• Analytical Skills for assessing risk and evaluating data
• Knowledge and experience in Insurance and Underwriting practices
• Strong Communication skills to interact with clients and agents
• Understanding of Finance and ability to analyze financial statements
• Bachelor's degree in Finance, Business Administration, or related field
• Relevant professional certifications in insurance underwriting are a plus
• Ability to work independently and handle multiple tasks
• Detail-oriented and strong organizational skills

About Us:

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.

Summary:

Analyze and assess risks and provide quotations in line with underwriting procedures and company guidelines.

Key Responsibilities:

• Prepare underwriting and pricing documents for various products.

• Ensure accuracy and timeliness in services and billing.

• Support new and renewal business needs.

• Provide quotations within authority limits, reviewing exposures and experiences.

• Update customer information and adjust pricing as needed.

• Make risk decisions on new and existing policies within delegated authority.

• Stay updated on changes in regulations and practices.

• Collaborate effectively with colleagues and agents to achieve high performance.

• Contribute to improving departmental procedures and practices.

Requirements:

• Bachelor's degree in Business Administration or a related field (insurance certification/diploma preferred).

• Minimum 1 year of underwriting experience.

• Strong knowledge of insurance products, policies, and regulations.

• Proficient in MS Office (Word, Excel, PowerPoint, Outlook).

• Excellent communication, organizational, and teamwork skills.

If you are ready to take your career to the next level and work in a dynamic, collaborative environment, apply now to join us at Mutakamela Insurance

Title: Underwriter (Sovereign Risks), Kazakhastan

Requisition ID: 5679

*OVERVIEW *
Department

Underwriting Operations

Country

Kazakhstan

Location

Almaty

Job Grade

P3

Contract Type

Fixed Term (Local)

Closing Date

30-Sep-2025

*JOB PURPOSE *
The role holder is responsible for providing all the necessary support and assistance to the Associate Manager, Operations (Sovereign Risks) in all underwriting operations pertaining to short-term, medium term and FII risks. He or she will analyze and screen applications/proposals, performing all requisite risk analysis (including financial analysis and project due diligence), managing credit limit applications, documentation of all approved policies and timely preparation of all requisite reports. This role is also responsible for presenting all information and data collated about the project/transaction and potential customers to the Technical Underwriting Committee, NPLs, and Claims Committees to assist in making informed decisions. The role holder will provide inputs to the policy administration database to ensure effective management of policies and safeguarding the Corporation's financial health. The role holder will also be responsible for the entire underwriting process, from application registration to policy issuance and policy administration and renewals throughout the policy period.

*KEY ACCOUNTABILITIES
Feasibility Assessment *

• Assesses submitted application/proposal forms and coordinates with applicants and Business Development Department (BDD) colleagues.
• Coordinates with other relevant departments/divisions/functions in the Corporation.
• Conducts meetings with investors, project companies and all related parties to conduct thorough due diligence and prepares assessment reports.

Underwriting

• Provides all the necessary assistance to the Associate Manager, Operations (Sovereign Risks) in all underwriting operations.
• Conducts due diligence missions to the host country, meeting with the relevant government bodies (Ministry of Finance, Central Bank, other relevant ministries and government authorities.
• Conducts in-depth financial analysis of the projects/transactions and all involved sovereign, sub-sovereign or private parties.
• Utilizes different sources of information to identify any legal issues associated with the project/transaction' structure.
• Presents insurance proposals to the Pre-Technical Underwriting Committee (Pre-TUC) for clearance and to the Technical Underwriting Committee (TUC) for approval.
• Provides inputs on recommended premiums, reinsurance support required and coverage for risks after complete analysis.
• Coordinates with the Legal Department for the issuance of the insurance policy in line with the TUC approval.

*KEY ACCOUNTABILITIES *

• Manages the issued policies including their premium payment, the collection of any outstanding receivables, policy renewals, policy changes, and project/transaction monitoring.
• Recommends appropriate measures for collection issues in close coordination with the concerned Business Development and Finance.
• Ensure that NPLs are well managed and coordinate closely with the Claims Division to ensure loss minimization.

Documentation of Approved Deals

• Manages all aspects related to policy applications.
• Manages all credit limit applications.
• Documents the approved policy.
• Communicates the approved policy to the Business Development team and Underwriting Support.

Reporting

• Prepares all requisite reports (weekly, monthly, annual etc.).

*Other Responsibilities *

• The role holder will also perform duties pertinent to the Department/Division/Function as assigned by the Supervisor

*ACADEMIC AND PROFESSIONAL QUALIFICATIONS
Field of Study *
Finance/ Economics/ Business Administration/Political Science/Intentional Relations

*Academic Qualifications And Relevant Years Of Experience *
5 Years for Bachelor's Degree or 3 Years for Master's Degree

*Nature Of Experience *
Prior experience in Underwriting or Financial Analysis, preferably in Export Credit Insurance or Banking Industry

Professional Certifications (as applicable)
CFA, CPA, ACCA, PFRM and similar certifications are preferred.

*SKILLS & NECESSARY KNOWLEDGE *
Business Language Skills

Good command of written and spoken English essential, additional languages such as Arabic, French is an added advantage

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

• Resume/CV
• Copy of passport
• Academic certificate

If you are currently an ICIEC Regular staff member applying for this role and get selected through the competitive selection process, your current contract type and other terms and conditions will remain unchanged.

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a member of the Islamic Development Bank Group (IsDBG) does not ask for payments of any kind from applicants throughout the recruitment process (job application, CV review, interview meeting, and final processing of applications). In addition, the ICIEC does not request information on applicants' bank accounts. The ICIEC declines all responsibility for the fraudulent publications of job posts or job offers in their name or, in general, for the fraudulent use of its name in any way whatsoever.

Job Title: Financial Analysis Manager

Location: Jeddah, Saudi Arabia

Job Type: Permanent

• Lead the preparation of annual budgets, quarterly forecasts, and long-term financial planning.

• 8+ years of progressive experience in financial planning & analysis (FP&A), with at least 2–3 years in a managerial role.

• Analyze financial results, variances, and key performance indicators to provide actionable insights.

• Develop financial models and scenario analyses to support strategic initiatives and business decisions.

• Oversee monthly, quarterly, and annual management reporting processes.

• Collaborate with business units, operations, and leadership teams to align financial goals with organizational objectives.

• Ensure compliance with corporate policies, accounting standards, and internal controls.

• Mentor and manage a team of financial analysts, fostering professional growth and continuous improvement.

• Present financial insights and recommendations to senior management and executive leadership.

• Drive process improvements and automation to enhance efficiency in financial reporting and analysis.

Job Title: Financial Analysis Manager

Location: Jeddah, Saudi Arabia

Job Type: Permanent

• Lead the preparation of annual budgets, quarterly forecasts, and long-term financial planning.

• 8+ years of progressive experience in financial planning & analysis (FP&A), with at least 2–3 years in a managerial role.

• Analyze financial results, variances, and key performance indicators to provide actionable insights.

• Develop financial models and scenario analyses to support strategic initiatives and business decisions.

• Oversee monthly, quarterly, and annual management reporting processes.

• Collaborate with business units, operations, and leadership teams to align financial goals with organizational objectives.

• Ensure compliance with corporate policies, accounting standards, and internal controls.

• Mentor and manage a team of financial analysts, fostering professional growth and continuous improvement.

• Present financial insights and recommendations to senior management and executive leadership.

• Drive process improvements and automation to enhance efficiency in financial reporting and analysis.

Overview

Job Description : Provide financial advice, support and consultation to the assigned departments to ensure alignment with the set financial plans and policies. Develop financial reports and analysis to identify financial impact and performance and support decision-making for assigned departments or business functions.

• Lead the financial evaluation in the assigned departments’ projects through the set of the financial plan, development and review of the financial models, data and KPIs and the alignment with the concerned stakeholders.
• Act as the financial partner to the assigned departments by providing support, financial knowledge, budget and forecasts, and communicating the business requirements/needs of the assigned departments to the Finance division’s different departments to ensure interdepartmental alignment.
• Issue periodic financial reports for the assigned departments including the review of the actual progress against the financial plan to identify the financial performance for the concerned stakeholders.
• Perform financial analysis for the assigned departments including deficiencies and areas of improvement to support the decision-making process.
• Follow-up with the assigned departments and stakeholders on the decisions and corrective actions based on the financial analysis provided, identifying the financial impact of the decisions.
• Participate with the assigned departments in the development, update and documentation of processes, procedures, SOPs, etc. through collaboration with the concerned stakeholders to ensure standardization and alignment with financial requirements.
• Lead and participate in the automation of the financial analysis reports through collaboration with the concerned departments and the IT division to ensure efficiency, timeliness and accuracy of the financial reports and data.
• Act as a key advisor to business units, providing strategic financial insights and analysis to support decision-making.
• Drive the performance of finance teams, ensuring alignment with business objectives. Foster a culture of continuous improvement and strategic financial management.

Employee duties are not limited to the above-mentioned Accountabilities; he/she may perform other duties as assigned.

• Indoors: 90%
• Outdoors: 10%
• Working Days: 5 Working Days
• Days off: 2 Days Off
• Working Hours: 8:00 AM – 6:00 PM (1 hour break)

• BSc in Finance or Accounting

• 3 years in a similar role (for MG) 5 years in a similar role (for SMG)

• MS Office Suite

• English
• Arabic