188 Underwriting jobs in Saudi Arabia

Department:
Risk B2B

Employment Type:
Full Time

Location:
KSA

Description
We're looking for an
Underwriting Specialist
reporting to our
Head of Risk (B2B).
You will be joining a team of dreamers. What we do matters – and what you will do here will matter too. There are endless possibilities to reimagine the future of online payments. Now it is your turn to connect your dreams and your passion to our purpose and thrive.

Key Responsibilities

• Evaluate and assess B2B customer applications for Tabby's services, analyzing financial information, payment histories, and other relevant data to determine creditworthiness.
• Make informed underwriting decisions in line with SAMA regulations and company policies, balancing risk with business objectives.
• Collaborate closely with internal teams, including finance, compliance, and customer service, to ensure efficient processing of applications and clear communication with customers.
• Monitor and update underwriting guidelines to maintain compliance with evolving regulatory requirements and industry best practices.
• Utilize data analytics to identify trends and patterns in customer behavior, adjusting underwriting strategies as needed to mitigate risk.
• Ensure all underwriting activities comply with SAMA regulations, company standards, and industry best practices.

Skills, Knowledge and Expertise

• Bachelor's degree in finance, business, or a related field; a professional underwriting certification is preferred.
• 1 - 2 years of experience in underwriting or a related field, with a strong understanding of credit risk and underwriting principles.
• Analytical mindset with excellent problem-solving skills and attention to detail.
• Strong communication and negotiation skills, with the ability to explain complex concepts to various stakeholders.
• Ability to work independently and as part of a team, with strong organizational and time management skills.
• Familiarity with the fintech or financial services industry is advantageous.

About the role

The VP Motor Underwriting leads and shapes the underwriting function for motor insurance overseeing corporate SME and individual portfolios. Reporting to the Chief Motor Officer the role drives strategic underwriting initiatives ensures risk alignment with business appetite and upholds regulatory and operational excellence. The VP provides high-level guidance evaluates complex cases improves pricing models and enhances underwriting frameworks to meet organisational objectives. With a strong focus on leadership compliance and market responsiveness this role also manages cross-functional collaboration and fosters broker and partner relationships to ensure profitable growth and customer satisfaction.

• Contribute to developing underwriting pricing strategies aligned with broader corporate goals.
• Translate strategic objectives into actionable operational plans for the underwriting function.
• Support the companys vision through innovative market-aligned underwriting practices.
• Direct underwriting activities across corporate SME and individual motor segments.
• Ensure risk assessment and claim reviews meet defined risk appetite and standards.
• Approve complex policies and quotations beyond standard authority limits.
• Evaluate and improve underwriting guidelines procedures and policy conditions.
• Monitor vendor relationships and ensure compliance with underwriting protocols.
• Coordinate closely with the Claims department to ensure aligned processes and policy enforcement.
• Build and manage relationships with brokers and agents to address issues and promote services.
• Act as a liaison with external stakeholders ensuring regulatory alignment and service quality.
• Lead the underwriting team to achieve departmental goals in line with business plans.
• Identify training needs and develop capability in negotiation communication and deal closing.
• Promote a culture of high performance accountability and continuous improvement.
• Oversee workforce planning to ensure optimal resource allocation and productivity.
• Prepare the departments annual budget and align with corporate financial goals.
• Monitor financial performance identify gaps and implement corrective actions.
• Ensure cost efficiency while maintaining service standards and operational excellence.
• Design and enforce underwriting policies systems and procedures aligned with best practices.
• Ensure compliance with internal controls regulatory requirements and risk frameworks.
• Continuously review and update operational processes to enhance effectiveness.
• Lead transformational initiatives to improve underwriting efficiency and competitiveness.
• Benchmark against international standards to identify gaps and opportunities.
• Drive change culture within the team by adopting new technologies and methodologies.
• Ensure timely preparation of periodic and ad hoc reports on underwriting performance
• Provide actionable insights to senior leadership based on portfolio and market trends Maintain accurate KPI reporting for internal monitoring and external audit readiness.
• Enforce compliance with cyber security policies and practices within the underwriting team.
• Promote awareness of digital risk and data protection standards.
• Support safe secure handling of sensitive customer and policyholder data

• High-level knowledge of insurance sector
• Broad IT Proficiency
• High-level financial undrstanding
• High-level knowledge of regulatory requirements and industry standards
• High-level understanding of all relevant IA regulations
• Customer focus
• Plans and aligns
• Ensures accountability
• Drives results
• Collaborates
• Instills trust
• Strategic mindset
• Builds effective teams
• Drives vision and purpose

• Bachelors degree in Statistics Finance or Business Administration or any other relevant field.
• Masters degree in Statistics Finance Actuarial science or Business Administration or any other relevant field or MBA preferred.
• Ideally 14-16 years of related experience.
• Fluent English

General Overview

Our client a leading insurer in Saudi Arabia is looking to hire a Head of Underwriting (P&C) to join their team in Riyadh KSA. The successful candidate will lead P&C Underwriting by directing overall portfolio risk assessment underwriting automation activities and assessing client profiles to appropriately generate premiums.

• To perform client or prospective client insurance policy audits / gap analysis / risk profiling that include the provision of comments and recommendations in a report form.
• Build a risk profile for a company with varying business lines and then design a risk transfer insurance programme to mitigate and / or eliminate those risks.
• To proactively drive the establishment of a clients Contractual Risk Management practice and to provide Contractual Risk Management consultative services to clients.
• To provide specialist input to the internal Risk Management process and practice and thus enable the development and improvement of Best Business Practices / Business Operations.
• Broad range of insurance knowledge encompassing various classes of insurance with an emphasis on Material Damage covers including but not limited to Operational and Construction risks and Casualty lines including but not limited to Professional Indemnity.
• Manage market facing underwriters who proactively seek renewal and new account opportunities.
• Identifies new growth opportunities with key distributors for areas of responsibility.
• Ensure that accounts are qualified and meet with the organizations appetite balanced with sound business opportunity.
• Ensure crosssell within areas of responsibility to increase product density with the account.
• Mentor staff to develop strong broker and client networks as related to industries underwritten by Business Unit.
• Identify market trends and coverages exposures that may impact business results.
• Work with actuarial to insure a proper rate / price structure.
• Manage relationships with producers by conducting line of business book of business class and segment analysis to ensure profitability and growth.
• Market company products and services through agency plant and brokerage community.
• Support development and maintenance of agent / broker relationships to achieve profitable growth market share product mix new business and account retention.
• Improve customer relations profitability and productivity by continually analyzing branch offices new business loss ratio expense ratio loss frequency agency distribution product mix to determine its impact on other business units.
• Review agency books of business as well as profit / growth results and trends to recommend and implement action plans.
• Translate business objectives into clearly defined business cases costs or schedules determining technical pricing to meet the aims of the underwriting business plan.
• Lead the implementation of projects for a function or business area to deliver defined objectives with allocated resources and in timescales typically of less than one year.
• Monitor and oversee portfolio exposure taking appropriate action to ensure no limits have been breached and full compliance with relevant regulations.
• Contribute to and implement agreed technical standards controls practices and procedures thereby maintaining the integrity of the underwriting function.
• Develop and propose action plans for improvement in dealing with complex customer cases in response to business partner and customer feedback to enable the organization to meet their needs.
• Provide expert advice within specialized areas of underwriting to key stakeholders / customers to identify and deliver solutions that benefit the organization and their customers.
• Use insights from customers distributors and their own technical expertise to develop new or enhanced propositions that meet customer needs.
• Support the design and implementation of rating tools and methodologies to deliver value to customers within their own area ensuring they are commercially viable.

• Relevant 15 underwriting experience in insurance companies.
• ACII CPCU / FIII / AIII qualification preferred.
• Excellent understanding of the company propositions.
• Strong understanding of the marketplace.
• Excellent understanding of the data.
• Effective communication.
• Account planning and management.
• Securing new business.
• Sound use of judgement.
• Ability to deliver results.

Required Experience: Director

Key Skills: Marketing & Promotions,Attorney At Law,Jni,Airlines,Art

Employment Type: Full-Time

Department / Functional Area: Insurance

Experience: years

Vacancy: 1

Overview

Job Title: Underwriting Supervisor (ReTakaful / Life)

Industry: Insurance

Location: GCC (Willing to relocate)

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

• 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.

• 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.

Rize

Rize is a groundbreaking rent-now-pay-later platform reshaping the rental landscape in Saudi Arabia. We're dedicated to making rentals more accessible and affordable, enabling tenants to manage their finances with ease and landlords to secure their income effortlessly. We're on a mission to revolutionize the rental industry, breaking down barriers and creating opportunities for all. We're a team of innovators, thinkers, and problem-solvers, committed to creating a positive impact and driving change in the market.

We love working together, being creative, and doing things differently! Our team is made up of over 20 people with different nationalities. We work from a cozy office in Riyadh, Saudi Arabia. And hey, we're not just smart—we're really good at coming up with new ideas! Plus, you can work from wherever you want because we like to keep things flexible.

• Innovation – We’re a technology-driven team with the purpose of uplifting the real estate sector. We are the leaders of the industry in innovation.
• Customer Centricity – We put the customer at the core of every decision and action.
• Adaptability – Being able to adapt quickly to changing market conditions and customer needs.
• Empowerment & Collaboration – Our team is the most valuable aspect of the company; We respect all ideas, our team enjoys authority, autonomy, and collaboration.
• Ethical Excellence – We perform within the highest ethical standard.

We are looking for a Credit Underwriter to manage tenant and landlord contracts from start to finish. This role ensures that all leasing agreements meet legal standards and Rize’s internal credit policies.

• Prepare, review, and finalize tenant contracts and landlord contracts.
• Ensure accuracy and compliance with Saudi leasing regulations.
• Be able to make contracts on Ejari platform submissions and resolve any related issues.
• Coordinate with Legal, Risk, and Credit teams to maintain complete, error-free records.
• Monitor contract turnaround times and escalate delays when needed.

• 1+ years of related experience.
• Experience in legal real estate operations and strong knowledge of leasing practices.
• Hands-on experience using the Ejari platform is highly preferred.
• Excellent attention to detail with strong organizational skills.
• Ability to work accurately under pressure and tight deadlines.

What do we offer?

• Competitive salary - Receive a competitive salary package in USD or SAR, reflecting your skills and contributions in our industry.
• Diverse International team - Join a diverse international team where different perspectives and backgrounds enrich our collaborative culture.
• Flexibility - Enjoy the option to work full remote or hybrid, allowing you to balance work and life in a way that suits you best.
• Innovation - Shape the future of Proptech with your groundbreaking ideas and technological prowess.
• Direct Impact - See your ideas come to life and make tangible changes in an industry ripe for revolution.
• Fast-paced Learning - Grow personally and professionally every day with opportunities to master new skills in our dynamic start-up environment.
• Creative Freedom - Take the reins, innovate, and push boundaries with the freedom to experiment, learn, and grow at Rize.
• Close-knit Community - Join a collaborative, supportive team where your voice matters and your contributions are recognized and celebrated.

Overview

Senior Engineering Underwriter | Riyadh | Saudi Arabia

• Bachelors degree in Engineering or a relevant field is required, MSc is preferable.
• Professional Qualification e.g. ACII is preferable.
• 7 years of relevant experience in reinsurance / insurance (in a mature market or well-established company)
• Strong technical knowledge and familiarity with regulations.
• Proficiency in underwriting tools, exposure rating models, and portfolio management systems.
• Excellent analytical, negotiation, and communication skills.

• Obtains critical underwriting information and responds within specified time standards.
• Makes the best use of the pricing tools available to take appropriate underwriting decisions.
• Completes review analysis on all new and renewal business.
• Assists in the implementation of underwriting and risk management systems / controls to monitor and evaluate the performance of company's business portfolio and associated risks.
• Develops business from existing clients and seeks new sources in order to meet assigned target.
• Supports the Facultative Underwriting department in updating market and client details to ensure proper client relationship management.

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.

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

Accountabilities

• Lead financial evaluations for assigned departments’ projects, including developing and reviewing financial models, data, KPIs, and stakeholder alignment.
• Act as a financial partner to departments by providing support, financial knowledge, budgets, forecasts, and communicating business needs to the Finance division to ensure interdepartmental alignment.
• Issue periodic financial reports, reviewing actual progress against plans to assess financial performance.
• Perform financial analyses to identify deficiencies and areas for improvement to support decision-making.
• Follow up on decisions and corrective actions with stakeholders, assessing financial impacts.
• Collaborate with departments to develop, update, and document processes, procedures, and SOPs, ensuring standardization and financial compliance.
• Lead and participate in automating financial analysis reports with IT to enhance efficiency, timeliness, and accuracy.
• Serve as a key advisor to business units, providing strategic financial insights to aid decision-making.
• Drive finance team performance, ensuring alignment with business objectives and fostering a culture of continuous improvement.

Employee duties are not limited to these accountabilities; additional duties may be assigned.

Work Environment

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

Job Requirements

Education

• BSc in Finance or Accounting

Experience

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

Computer Skills

• MS Office Suite

Languages

• English
• Arabic