Underwriting Manager

1 week ago


Jeddah, Makkah Province, Saudi Arabia proven Full time

The underwriting manager is primarily responsible for
providing leadership, support, and guidance to the underwriting team. He must
ensure that the underwriting team complies with the organization's goals,
objectives, and standards to meet customer satisfaction and deadlines. The
underwriting manager assists in driving the growth and profitability of the
overall medical portfolio through appropriate market pricing and risk control.

Responsibilities
  • As an Underwriting Manager, you will be responsible for
    accurate underwriting and pricing of SME and Corporate business. In this
    position, you will implement new underwriting and risk mitigation strategies to
    drive profitable growth. Manage a team of underwriters and assistants.
  • Oversee the evaluation, classification, and rating of risk
    to determine acceptability, coverage, and pricing. Implement underwriting
    policies and ensure compliance with these policies. Constantly review policy
    and benefit tables to ensure market-relevant product offerings.
  • Monitor critical areas, such as loss ratio, claim costs,
    retention ratio, and new business hit ratio, formulating corrective action
    where necessary.
  • Mentor and train underwriters and assistants drive
    continuous improvement of current underwriting and pricing techniques Monitor
    staff achievements and perform periodic performance appraisals Provide
    guidance, coaching, or training to direct reports in performing their delegated
    duties. Other Duties may be assigned.

Experience & Qualification
  • 10-years experience in senior underwriting position
    preferably in medical insurance.
  • Bachelor's degree or relevant education and experience
  • Insurance license, CPCU, CIC, or comparable designations
    preferred.
  • Strong technical skills are a must, as are business acumen,
    interest in continued education, and professional development.

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