Property and Casualty Underwriting Specialist

Who Are we?Al Etihad Cooperative Insurance Company is a public joint-stock company established in the Kingdom of Saudi Arabia under a decision from the Council of Ministers and a royal decree as a cooperative insurance company. The company’s paid-up capital is 500 million Saudi Riyals. The company is an extension of United Insurance Company, which was founded in the Kingdom of Bahrain in 1983 as a foreign company to conduct insurance operations in Saudi Arabia. In 2008, the company was listed for public subscription and was registered in the Saudi Stock Exchange (Tadawul) under the symbol 8170.The company is subject to the supervision and regulation of the Saudi Insurance Authority and is licensed to operate in all types of insurance, including general insurance, medical insurance, motor insurance, and protection & savings insurance.The company’s experience and commitment to serving its customers have made United one of the pioneers in the insurance industry in the Kingdom. The company also has a wide network of offices and regional outlets to ensure proximity to its customers across the Kingdom. Additionally, the company has a dedicated team that strives to deliver the highest level of service to its clients.Qualifications and Requirements:Field of Study: Insurance ManagementEducational Qualification: Diploma / Bachelor's Degree / Master's DegreeRequired Years of Experience: Fresh Graduate / 3 / 4 / 5 Years

Key Responsibilities

Perform underwriting operations for General Insurance, Protection & Savings, and Credit Default Insurance products, with a particular focus on Property, Liability, and Engineering insurance, to ensure profitability and business growth.Implement underwriting policies and strategies to support profitable business expansion while ensuring alignment with the company's objectives. Prepare, organize, and deliver insurance quotations and proposals in both Arabic and English for General Insurance, Protection & Savings, and Credit Default Insurance products, ensuring accuracy and quality.Negotiate terms, conditions, and premium rates with stakeholders, utilizing advanced negotiation skills to secure favorable terms. Determine appropriate insurance premiums based on risk assessments, ensuring that premiums adequately cover potential risks while maintaining the company's profitability.Issue insurance policies, including endorsements, amendments, and cancellations, while ensuring accuracy and compliance with policy terms and conditions across different lines of business. Manage insurance policy renewals, including sending renewal notices, maintaining proactive communication with clients and brokers, and effectively negotiating renewal terms. Coordinate with various departments, including Claims, Collections, and other relevant teams, to ensure smooth operations and customer satisfaction. Provide technical support to brokers and the Business Development team, fostering strong relationships and facilitating knowledge sharing. Ensure strict compliance with all regulatory requirements, including Civil Defense certificates and Insurance Authority documentation, while maintaining the highest standards of operational integrity. Independently monitor and analyze the insurance portfolio, preparing and presenting reports to the Underwriting Manager with insights and recommendations for strategic adjustments. Perform any additional duties assigned by the direct supervisor that fall within the scope of the role and its responsibilities.