Risk Management and Underwriting Expert

3 days ago


Riyadh, Ar Riyāḑ, Saudi Arabia Arabia Insurance Cooperative Co Full time

About the Role:

This is an exciting opportunity to join the Arabia Insurance Cooperative Co team as a Reinsurance Accountant. As a key member of the company, you will be responsible for managing reinsurance processes, maintaining compliance, and driving continuous improvement.

Key Responsibilities:

  • Monitor and review Treaty accounts, ensuring adherence to general business standards.
  • Oversee outward Facultative accounts and implement necessary measures to maintain compliance.
  • Review company records to determine insurance coverage on single or related risks (monitor accumulation).
  • Authorize reinsurance of policies.
  • Assess potential losses due to catastrophes or excessive insurance in coordination with the Reinsurance Assistant Manager.
  • Calculate premiums, refunds, commissions, and adjustments with accuracy.
  • Review policy reinstatement applications and approve them according to company procedures.
  • Modify and update existing policies and claims to reflect changes in beneficiary, coverage amount, or insurance type.

Benefits:

  • Competitive salary and benefits package.
  • Ongoing training and professional development opportunities.
  • Flexible working arrangements.


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