50 Underwriting jobs in Saudi Arabia

Direct message the job poster from Arabia Insurance Cooperative Co

Company: Al-Arabia Cooperative Insurance Company (AICC)

Department: General Insurance Unit

Location: Riyadh

About Al Arabia Cooperative Insurance Company (AICC)

Al Arabia Cooperative Insurance Company is a leading Saudi insurance provider offering a wide range of services to individuals and businesses across the Kingdom. The company is committed to delivering high-quality insurance solutions with a focus on reliability, innovation, and customer satisfaction.

Job Summary:

Carry out various activities of technical and support nature, to ensure efficient enrollment and policy administration process.

Areas of Contribution and Related Responsibilities

Underwriting Process Management

• Examine submitted documents to determine the degree of risk.
• Authorize reinsurance of policy.
• Calculate premiums, refunds, commissions, adjustments, and reserve requirements using insurance rate standards.
• Review correspondence and applications to determine needed changes and their effects.
• Approve policy reinstatement based on criteria and procedures.
• Submit applications with recommendations for approval.
• Write policies and add specific conditions when needed.
• Assess client background and compute premiums.
• Prepare reports on risk levels.
• Interview applicants and assist with applications.
• Coordinate with Reinsurance and Commercial departments.
• Gain market knowledge and share key updates internally.
• Review files to identify delinquent accounts.
• Contact customers regarding applications.
• Prepare applications, legal documents, and other forms.
• Locate and correct data entry errors.

Technical Knowledge and Advice Provision

• Provide technical advice and product support to internal teams, agents, and clients regarding underwriting guidelines and requirements.

Process Administration

• Issue policy certificates and billings per policies.
• Verify and examine policy data.
• Prepare and type required documents.
• Process and record policies.
• Maintain accurate and updated documentation.
• Handle mail and respond to information requests.

Other Key Responsibilities:

• Monitor risk management systems and maintain data security.
• Maintain excellent customer service and ensure prompt response to client needs.
• Ensure compliance with AICC policies and procedures.
• Provide accurate data for decision-making and reporting.

Communications and Working Relationships

• Communicate regularly with internal and external stakeholders to ensure smooth operations.

Framework, Boundaries, and Decision-Making Authority

• Expected to make routine decisions and escalate exceptional cases to direct supervision.

Role Qualifications

Education:

• Bachelor’s degree or equivalent experience.
• IFCE Certification is required.

Experience:

• Bachelor’s degree holders: No prior experience required.
• Technical degree holders: Minimum 3 years of relevant experience.

Skills:

• Strong verbal and written communication, preferably in English.
• Proficient in Microsoft Excel and Word.

If you meet the qualifications and are passionate about the insurance industry, we encourage you to apply and be part of our growing team.

Seniority level

• Seniority level Mid-Senior level

Employment type

• Employment type Full-time

Job function

• Job function Project Management, Product Management, and Analyst
• Industries Insurance

Referrals increase your chances of interviewing at Arabia Insurance Cooperative Co by 2x

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Bachelor of Commerce (Commerce), Bachelor of Arts (Economics)

Nationality

Any Nationality

Vacancy

1 Vacancy

Job Description

The Senior Credit Analyst will review the creditworthiness of individuals or businesses, particularly for more complex and sophisticated transactions, to determine the risk involved in lending money or extending credit.

Responsibilities

• Double-check documentation provided by clients and businesses for validity and availability.
• Assess customers with higher loan amounts.
• Support in Kafalah cases and work on all types of products provided by AlRaedah.
• Conduct risk calls and provide call reports.
• Write credit proposals and provide final trusted recommendations with clear reasons for approval or rejection.
• Improve the quality of credit proposals.
• Attend daily committee meetings to discuss cases.
• Train and supervise junior staff; learn and improve skills from senior team members.
• Provide reports upon request.
• Perform additional tasks as requested seasonally or based on policy updates and management requirements.

Qualifications and Experience

• Nationality: Saudi
• Minimum Qualifications: BS degree in Accounting, Business, Economics, Finance, or related field.
• Minimum Experience: 3-5 years of related experience.

Job Skills

• Strong communication and presentation skills.
• Proficiency in statistical packages and financial software.
• Sound judgment.
• Strong analytical and problem-solving skills.
• Excellent organizational skills and attention to detail.

Company Industry: Banking, Broking

Department / Functional Area: Insurance, Surveying, Actuary

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Direct message the job poster from Arabia Insurance Cooperative Co

Company: Al-Arabia Cooperative Insurance Company (AICC)

Department: General Insurance Unit

Location: Riyadh

About Al Arabia Cooperative Insurance Company (AICC)

Al Arabia Cooperative Insurance Company is a leading Saudi insurance provider offering a wide range of services to individuals and businesses across the Kingdom. The company is committed to delivering high-quality insurance solutions with a focus on reliability, innovation, and customer satisfaction.

Job Summary:

Carry out various activities of technical and support nature, to ensure efficient enrollment and policy administration process.

Areas of Contribution and Related Responsibilities

Underwriting Process Management

• Examine submitted documents to determine the degree of risk.
• Authorize reinsurance of policy.
• Calculate premiums, refunds, commissions, adjustments, and reserve requirements using insurance rate standards.
• Review correspondence and applications to determine needed changes and their effects.
• Approve policy reinstatement based on criteria and procedures.
• Submit applications with recommendations for approval.
• Write policies and add specific conditions when needed.
• Assess client background and compute premiums.
• Prepare reports on risk levels.
• Interview applicants and assist with applications.
• Coordinate with Reinsurance and Commercial departments.
• Gain market knowledge and share key updates internally.
• Review files to identify delinquent accounts.
• Contact customers regarding applications.
• Prepare applications, legal documents, and other forms.
• Locate and correct data entry errors.

Technical Knowledge and Advice Provision

• Provide technical advice and product support to internal teams, agents, and clients regarding underwriting guidelines and requirements.

Process Administration

• Issue policy certificates and billings per policies.
• Verify and examine policy data.
• Prepare and type required documents.
• Process and record policies.
• Maintain accurate and updated documentation.
• Handle mail and respond to information requests.

Other Key Responsibilities:

• Monitor risk management systems and maintain data security.
• Maintain excellent customer service and ensure prompt response to client needs.
• Ensure compliance with AICC policies and procedures.
• Provide accurate data for decision-making and reporting.

Communications and Working Relationships

• Communicate regularly with internal and external stakeholders to ensure smooth operations.

Framework, Boundaries, and Decision-Making Authority

• Expected to make routine decisions and escalate exceptional cases to direct supervision.

Role Qualifications

Education:

• Bachelor's degree or equivalent experience.
• IFCE Certification is required.

Experience:

• Bachelor's degree holders: No prior experience required.
• Technical degree holders: Minimum 3 years of relevant experience.

Skills:

• Strong verbal and written communication, preferably in English.
• Proficient in Microsoft Excel and Word.

If you meet the qualifications and are passionate about the insurance industry, we encourage you to apply and be part of our growing team.

Seniority level

• Seniority level Mid-Senior level

Employment type

• Employment type Full-time

Job function

• Job function Project Management, Product Management, and Analyst
• Industries Insurance

Referrals increase your chances of interviewing at Arabia Insurance Cooperative Co by 2x

Sign in to set job alerts for "Underwriting Manager" roles. Underwriting Supervisor (ReTakaful/Life) Senior Manager - Insurance Business Rules/RCM/Denial Management Property & Casualty Underwriting Senior Specialist Assistant IT Manager with Insurance domain

We're unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.

Job Information

Industry
- InsuranceCity
- RiyadhProvince
- RiyadhCountry
- Saudi ArabiaPostal Code
- 11564**General Overview**:
**Key Responsibilities**:

- 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 pro-actively drive the establishment of a client’s 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 organization's appetite, balanced with sound business opportunity.
- Ensure cross-sell 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 coverage's 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 office´s 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.

**Requirements**:

- 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.

Job Description

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

Accountabilities

• 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 through providing the 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 in order to identify the financial performance of the assigned departments to the concerned stakeholders.
• Perform financial analysis for the assigned departments including the deficiencies and the areas of improvement in order 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 and identifying the financial impact of the decisions.
• Participate with the assigned departments in the development, update and documentation of the processes, procedures, SOPs…etc. through the collaboration with the concerned stakeholders to ensure standardization and the alignment with the financial requirements.
• Lead and participate in the automation of the financial analysis reports through the collaboration with the concerned departments as the IT division to ensure the efficiency, timely and accuracy of the financial reports and financial 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 only to the above-mentioned Accountabilities; he/she may perform other duties as assigned.

Work Environment

• 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)
  
  

Job Requirement

Education

• BSc in Finance or Accounting
  
  

Experience

• 3 in a similar role (for MG) 5 in a similar role (for SMG) Years of Experience
  
  

Computer Skills

• MS Office Suite
  
  

Language

• English
• Arabic

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Qiddiya Investment Company is seeking a highly experienced and analytical Senior Specialist - Financial Analysis to join our finance team. As a key contributor, you will be responsible for delivering high-level financial insights that will shape strategic decisions and help drive the company's overall performance.

In this role, you will evaluate financial data, conduct extensive analyses, and contribute to the financial planning process. You will work collaboratively with various departments to provide financial guidance and ensure that our investment strategies align with Qiddiya's ambitious vision.

Key Responsibilities

• Conduct in-depth financial analyses and prepare reports that provide insights to senior management
• Develop and maintain detailed financial models to support project evaluations and investment decisions
• Monitor financial performance against budgets and forecasts, providing commentary on variances and risks
• Collaborate with cross-functional teams to gather data and enhance financial forecasts
• Present findings and recommendations to stakeholders effectively, both verbally and in writing
• Assist in developing the annual budgeting process and long-term financial plans
• Continuously identify opportunities for process improvements within the financial analysis framework

Requirements

• Bachelor's degree in Finance, Accounting, or a related discipline; Master's degree is a plus
• Minimum of 5 years of relevant experience in financial analysis, preferably within the entertainment, real estate, or large-scale project sectors
• Strong expertise in financial modeling, forecasting, and reporting
• Exceptional analytical and problem-solving skills, with a keen attention to detail
• Excellent communication and interpersonal skills, capable of presenting complex information clearly
• Advanced proficiency in Microsoft Excel and financial software; experience with ERP systems is advantageous
• Proactive, results-driven individual with the ability to work under pressure and meet deadlines

Benefits

Offering a comprehensive compensation and benefits package.

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Other

Industries

• IT Services and IT Consulting

Get notified about new Analysis Specialist jobs in Riyadh, Saudi Arabia .

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Qiddiya Investment Company is seeking a highly experienced and analytical Senior Specialist - Financial Analysis to join our finance team. As a key contributor, you will be responsible for delivering high-level financial insights that will shape strategic decisions and help drive the company's overall performance.

In this role, you will evaluate financial data, conduct extensive analyses, and contribute to the financial planning process. You will work collaboratively with various departments to provide financial guidance and ensure that our investment strategies align with Qiddiya’s ambitious vision.

Key Responsibilities

• Conduct in-depth financial analyses and prepare reports that provide insights to senior management.
• Develop and maintain detailed financial models to support project evaluations and investment decisions.
• Monitor financial performance against budgets and forecasts, providing commentary on variances and risks.
• Collaborate with cross-functional teams to gather data and enhance financial forecasts.
• Present findings and recommendations to stakeholders effectively, both verbally and in writing.
• Assist in developing the annual budgeting process and long-term financial plans.
• Continuously identify opportunities for process improvements within the financial analysis framework.

• Bachelor’s degree in Finance, Accounting, or a related discipline; Master’s degree is a plus
• Minimum of 5 years of relevant experience in financial analysis, preferably within the entertainment, real estate, or large-scale project sectors
• Strong expertise in financial modeling, forecasting, and reporting
• Exceptional analytical and problem-solving skills, with a keen attention to detail
• Excellent communication and interpersonal skills, capable of presenting complex information clearly
• Advanced proficiency in Microsoft Excel and financial software; experience with ERP systems is advantageous
• Proactive, results-driven individual with the ability to work under pressure and meet deadlines

Offering a comprehensive compensation and benefits package.

#J-18808-Ljbffr

Qiddiya Investment Company is seeking a highly experienced and analytical Senior Specialist - Financial Analysis to join our finance team. As a key contributor, you will be responsible for delivering high-level financial insights that will shape strategic decisions and help drive the company's overall performance.

In this role, you will evaluate financial data, conduct extensive analyses, and contribute to the financial planning process. You will work collaboratively with various departments to provide financial guidance and ensure that our investment strategies align with Qiddiya’s ambitious vision.

Key Responsibilities

• Conduct in-depth financial analyses and prepare reports that provide insights to senior management.
• Develop and maintain detailed financial models to support project evaluations and investment decisions.
• Monitor financial performance against budgets and forecasts, providing commentary on variances and risks.
• Collaborate with cross-functional teams to gather data and enhance financial forecasts.
• Present findings and recommendations to stakeholders effectively, both verbally and in writing.
• Assist in developing the annual budgeting process and long-term financial plans.
• Continuously identify opportunities for process improvements within the financial analysis framework.

• Bachelor’s degree in Finance, Accounting, or a related discipline; Master’s degree is a plus
• Minimum of 5 years of relevant experience in financial analysis, preferably within the entertainment, real estate, or large-scale project sectors
• Strong expertise in financial modeling, forecasting, and reporting
• Exceptional analytical and problem-solving skills, with a keen attention to detail
• Excellent communication and interpersonal skills, capable of presenting complex information clearly
• Advanced proficiency in Microsoft Excel and financial software; experience with ERP systems is advantageous
• Proactive, results-driven individual with the ability to work under pressure and meet deadlines

Offering a comprehensive compensation and benefits package.

#J-18808-Ljbffr

stc Financial Analysis Assistant Manager

Join to apply for the stc Financial Analysis Assistant Manager role at stc .

Job Purpose
The role holder is responsible for assisting in the preparation, analysis, and reporting of stc KSA’s financial performance, ensuring accuracy, consistency, and alignment with financial plans and reporting standards. The role includes supporting coordination with stakeholders and responding to inquiries related to financial results and KPIs. The role holder shall carry out duties in accordance with the stipulated business policies and procedures.

Job Responsibilities

• Assist in the preparation of financial performance and variance analysis for stc KSA standalone.
• Prepare and distribute financial performance reports on a monthly, quarterly, and yearly basis.
• Coordinate with other BUs and FUs to share financial information for internal and external reporting.
• Perform comparative, trend, and financial ratio analysis of stc standalone financial information to identify and explain variances.
• Assist with verification requests and respond to inquiries from stakeholders regarding reports and KPIs.
• Prepare ad-hoc financial analysis reports to support BoD and senior management.
• Support the alignment of transactions with financial plans, budgets, and forecasts.
• Ensure consistency and accuracy in financial reporting.

Experience Requirements

• 5+ years of experience in financial analysis, preferably in a large-scale service-oriented industry.
• Experience within the KSA and/or Middle East region, with knowledge of the regulatory environment, is preferred.

Job Band : Sr. Professional

Skills & Education

• Bachelor's Degree in Accounting or Finance.
• Professional certifications such as CMA, ACCA, CPA, CIA, or SOCPA are preferred.

Additional Details

• Seniority level: Mid-Senior level
• Employment type: Full-time
• Job function: Research, Analysis, and Information Technology
• Industry: Telecommunications

This job posting appears to be active and relevant.

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