23 Underwriting jobs in Riyadh

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.

Financial Analysis Manager, FAAS, Riyadh

In Financial Accounting Advisory Services (FAAS) within Assurance, we assist our clients to address the accounting and financial reporting challenges facing their business. You will be part of a team that provides insight and services that accelerate analytics, decision‑making and innovation to build a stronger and more efficient finance function. You will experience ongoing professional development through diverse experiences, world‑class learning and individually tailored coaching.

That is how we develop outstanding leaders, who team up together, to deliver on our promises to all of our stakeholders, and in doing so play a critical role in building a better working world for our people, for our clients and for our communities.

Sound interesting? Well this is just the beginning. Because whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.

Our FAAS practice is one of the fastest growing areas of our business. As a result, we have a recruitment need for a manager, Financial Analysis to join our team to support on services related to accounting projects in the public and private sector. The role will be based in Riyad.

Responsible for leading and managing financial analysis and planning activities within large-scale government transformation and revenue optimization programs.

Directing the development of financial models, forecasts, and analytical dashboards to support strategic decision‑making.

Designing operating models and financial frameworks that improve efficiency and fiscal sustainability across government entities.

Overseeing budgeting, forecasting, and performance management processes, ensuring compliance with IPSAS/IFRS standards.

Leading the preparation of management reports and high‑quality presentations using PowerPoint and data visualization tools.

Coordinating with cross‑functional teams across finance, data, and strategy functions to ensure project alignment.

Supervise and mentor junior team members.

Proven experience in financial analysis, modeling, and performance management.

Strong analytical capability to process and interpret large financial datasets.

Proficiency in Power BI, SQL, Python, and advanced Excel modeling.

Excellent communication and presentation design skills.

Strong leadership, stakeholder management, and problem‑solving abilities.

Bachelor’s degree in finance, Accounting, or Economics (master’s preferred).

Professional certification: CMA, CFA, or FMVA.

Minimum 8 years of relevant experience, including at least 4 years in a Big 4 firm.

Demonstrated experience in government financial transformation, operating model design, and revenue optimization.

Knowledge of IPSAS/IFRS standard.

Experience in advising on financial sustainability, budgeting, or cost optimization within public sector programs.

We are interested in entrepreneurs who have the confidence to develop and promote a brand new strategic vision both internally and externally. You will be business savvy with a passion for innovation as well as the motivation to create your own EY journey.

We offer a competitive compensation package where you’ll be rewarded based on performance and recognized for the value you bring to our business. Plus, we offer:

Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.

Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.

Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs.

Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.

If you can demonstrate that you meet the criteria above, please contact us as soon as possible.

The exceptional EY experience. It’s yours to build.

Financial Analysis Manager, FAAS, Riyadh

In Financial Accounting Advisory Services (FAAS) within Assurance, we assist our clients to address the accounting and financial reporting challenges facing their business. You will be part of a team that provides insight and services that accelerate analytics, decision‑making and innovation to build a stronger and more efficient finance function. You will experience ongoing professional development through diverse experiences, world‑class learning and individually tailored coaching.

That is how we develop outstanding leaders, who team up together, to deliver on our promises to all of our stakeholders, and in doing so play a critical role in building a better working world for our people, for our clients and for our communities.

Sound interesting? Well this is just the beginning. Because whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.

Our FAAS practice is one of the fastest growing areas of our business. As a result, we have a recruitment need for a manager, Financial Analysis to join our team to support on services related to accounting projects in the public and private sector. The role will be based in Riyad.

Responsible for leading and managing financial analysis and planning activities within large-scale government transformation and revenue optimization programs.

Directing the development of financial models, forecasts, and analytical dashboards to support strategic decision‑making.

Designing operating models and financial frameworks that improve efficiency and fiscal sustainability across government entities.

Overseeing budgeting, forecasting, and performance management processes, ensuring compliance with IPSAS/IFRS standards.

Leading the preparation of management reports and high‑quality presentations using PowerPoint and data visualization tools.

Coordinating with cross‑functional teams across finance, data, and strategy functions to ensure project alignment.

Supervise and mentor junior team members.

Proven experience in financial analysis, modeling, and performance management.

Strong analytical capability to process and interpret large financial datasets.

Proficiency in Power BI, SQL, Python, and advanced Excel modeling.

Excellent communication and presentation design skills.

Strong leadership, stakeholder management, and problem‑solving abilities.

Bachelor’s degree in finance, Accounting, or Economics (master’s preferred).

Professional certification: CMA, CFA, or FMVA.

Minimum 8 years of relevant experience, including at least 4 years in a Big 4 firm.

Demonstrated experience in government financial transformation, operating model design, and revenue optimization.

Knowledge of IPSAS/IFRS standard.

Experience in advising on financial sustainability, budgeting, or cost optimization within public sector programs.

We are interested in entrepreneurs who have the confidence to develop and promote a brand new strategic vision both internally and externally. You will be business savvy with a passion for innovation as well as the motivation to create your own EY journey.

We offer a competitive compensation package where you’ll be rewarded based on performance and recognized for the value you bring to our business. Plus, we offer:

Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.

Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.

Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs.

Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.

If you can demonstrate that you meet the criteria above, please contact us as soon as possible.

The exceptional EY experience. It’s yours to build.

Overview

The Director of Financial Analysis and Planning plays a pivotal role in the strategic financial management of our retail and wholesale operations. This leadership position involves overseeing the financial planning processes, analyzing financial data to guide decision-making, and ensuring the alignment of financial strategies with the company’s objectives. The successful candidate will collaborate closely with various departments to develop comprehensive financial models and forecasts, ultimately driving profitability and operational efficiency.

1. Lead the financial planning and analysis team, ensuring the accuracy and timeliness of financial reporting.
2. Develop and implement financial models that support strategic initiatives and business decisions.
3. Analyze financial performance and trends, providing actionable insights to senior management.
4. Coordinate the annual budgeting process, ensuring alignment with corporate goals and objectives.
5. Monitor and evaluate key performance indicators (KPIs) to assess operational efficiency and financial health.
6. Collaborate with cross-functional teams to support business growth and identify cost-saving opportunities.
7. Prepare detailed financial reports and presentations for stakeholders, including executive leadership and the board of directors.
8. Conduct scenario analysis to assess the impact of various business strategies on financial performance.
9. Ensure compliance with financial regulations and internal policies, providing guidance on best practices.
10. Preferred Candidate: Proven experience in financial analysis, planning, and management within the retail or wholesale industry.

• Strong leadership skills with the ability to motivate and develop a high-performing team.
• Exceptional analytical and problem-solving skills, with a keen attention to detail.
• Excellent communication and interpersonal skills, capable of presenting complex financial information clearly.
• Demonstrated ability to work collaboratively across departments and influence decision-making.
• Advanced proficiency in financial modeling and forecasting techniques.
• Strong business acumen with a deep understanding of retail and wholesale financial dynamics.
• Ability to thrive in a fast-paced environment and adapt to changing business needs.
• Professional certifications such as CFA or CPA are highly desirable.

• Financial Analysis: The ability to analyze financial statements, assess financial performance, and interpret data to provide actionable insights for strategic decision-making.
• Budgeting and Forecasting: Expertise in developing budgets and financial forecasts that align with business objectives and drive financial planning processes.
• Leadership: Strong leadership capabilities to manage and mentor a team, fostering a collaborative and high-performance culture.
• Communication: Exceptional verbal and written communication skills to convey complex financial information effectively to stakeholders at all levels.
• Technical Proficiency: Advanced skills in financial modeling software and tools, including Excel, as well as familiarity with ERP systems used in financial management.