Insurance Business Manager

4 days ago


Riyadh, Ar Riyāḑ, Saudi Arabia Arabia Insurance Cooperative Co Full time
About the Role

We are seeking a skilled Reinsurance Accountant to join our team at Arabia Insurance Cooperative Company. This role plays a critical part in ensuring the smooth operation of our reinsurance activities.

Key Responsibilities
  • Manage reinsurance processes, including treaty and facultative account monitoring, compliance review, and authorization of policy reinsurance.
  • Collaborate with the Reinsurance Assistant Manager to assess potential losses and calculate premiums, refunds, and adjustments.
  • Review and approve technical policies, add facultative reinsurers to the system, and coordinate with the Accounting Team for premium settlements.
  • Notify facultative reinsurers about new claims, authorize claim registration, and keep reinsurers updated on claim reserves.
  • Communicate effectively with internal and external stakeholders, utilizing proficient oral and written skills to ensure process efficiency.

Requirements

A bachelor's degree in insurance or a related field is preferred. Relevant experience in the insurance and reinsurance industry is required, along with knowledge of financial and operational processes. Strong communication skills in Arabic and English are essential, along with proficiency in Microsoft Excel and Word.



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