Sr. Underwriting Officer

As a Senior Underwriting Officer, you will play a critical role in the underwriting process, evaluating risks and determining appropriate insurance coverage for clients. This role demands a comprehensive understanding of underwriting principles, policies, regulations, and excellent analytical and decision-making capabilities.

Job Responsibilities:

• Policy Issuance (Arabic & English): Manage all aspects of policy issuance, including quotations, new policies, mid-term amendments, and ensuring accurate entries in premium systems.
• Risk Assessment: Evaluate insurance applications, identify risk factors, and determine suitable coverage levels in line with underwriting guidelines.
• Policy Analysis: Examine policy documents, endorsements, and proposals to confirm accuracy and compliance with company standards.
• Underwriting Guidelines: Follow underwriting guidelines, rating manuals, and regulatory standards to ensure consistency and minimize exposure to risk.
• Pricing: Set appropriate premium rates based on risk evaluation, market trends, and company profitability goals.
• Negotiation: Collaborate with brokers, agents, and clients to negotiate insurance terms, including coverage limits, deductibles, and premiums.
• Portfolio Management: Oversee an assigned portfolio of policies, ensuring proper documentation, processing renewals, and ongoing risk evaluation.
• Client Interaction: Establish and maintain strong relationships with clients, brokers, and stakeholders, delivering excellent customer service and promptly addressing inquiries or concerns.

Candidate Requirements:

• Educational Background: Bachelor’s degree.
• Bilingual Preferred: Proficiency in Arabic and English.
• Experience: 3–5 years of relevant experience, preferably in a claims-related role.
• Analytical Skills: Strong analytical abilities with attention to detail.
• Technical Proficiency: Competence in Microsoft Office and relevant software tools.
• Communication Skills: Effective negotiation and interpersonal skills to interact confidently with clients and stakeholders.