Underwriting Support Professional

1 week ago


Jeddah, Makkah Province, Saudi Arabia Islamic Development Bank Full time

About the Opportunity

The Islamic Development Bank is seeking a highly skilled Underwriting Support Professional to join our team. As an Underwriting Support Professional, you will be responsible for assisting the Underwriters in managing underwriting activities, reviewing, summarizing financial information and credit reports, drafting changes to, reinstatement of, and cancellation of specific terms and conditions in policies, and maintaining standardized product documentation, including record keeping and acting as custodian of documentation.

Key Responsibilities:

  1. Assist Underwriters in managing underwriting activities, review, summarize financial information and credit reports, draft changes to, reinstatement of, and cancellation of specific terms and conditions in policies.
  2. Maintain standardized product documentation, including record keeping, and act as custodian of documentation.
  3. Record incoming policy applications and other documents.
  4. Assist Underwriters in managing all administrative processes pertaining to policies, such as registration of policyholders, scanning and filing documents in IT system, issuing policy amendments, endorsements, loss payees, credit limit approvals, draft memos and letters, etc.
  5. Complete accurate entry of application details, issue individual credit limits and policy to policyholder.
  6. Ensure adherence to guidelines for registration of applications with details of credit limit and premium calculated for policyholder.
  7. Verify declarations received from policyholders and generate invoices.
  8. Reconcile statement of account with PH and Accounts & Finance.
  9. Closely coordinate with account manager to reduce number of receivables from policyholders.
  10. Register and process policy application stage for all types of insurance products.
  11. Handle premium and fees invoicing, including follow-up and verification of declaration.
  12. Handle reconciliation with finance and participate in collection of account receivables.
  13. Ensure all documents are well-maintained in relevant folders in IIMS with proper file naming to make them appear in search results.

Requirements:

  • Field of Study: Finance, Business Administration, Banking or Management Information Systems (MIS)
  • Academic Qualifications and Relevant Experience: 2 Years of Experience Bachelor Degree holder
  • Nature of Experience: Prior experience in Finance, Business Administration, Banking or Management Information Systems (MIS) preferably in the IsDB Group or Export Credit Insurance
  • Professional Certifications (as added advantage): Credit Insurance, Credit Risk Management, Credit Law, Business Analysis
  • Business Language Skills: Good command of written and spoken English is essential, additional languages such as Arabic and/or French will be an added advantage


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