Facultative Reinsurance Coordinator

3 days ago

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

How You Will Contribute:

As a Reinsurance Accountant at the Arabia Insurance Cooperative Co, you will play a critical role in ensuring the smooth operation of our reinsurance processes. Your responsibilities will include:

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.

Working Arrangements:

  • Flexible working hours.
  • Opportunities for remote work.

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