Job Details of Sr. Underwriting Officer

Full job description

• Arabic & English Policy issuances ; including but not limited to quotations, new policy issuance, midterm amendments and its proper entries on premium systems
• Risk Assessment: Evaluate insurance applications, assess risk factors, and determine the level of coverage required based on underwriting guidelines.
• Policy Analysis: Review and analyze policy documents, endorsements, and proposals to ensure accuracy and compliance with company standards.
• Underwriting Guidelines: Adhere to underwriting guidelines, rating manuals, and regulatory requirements to maintain consistency and minimize risk exposure.
• Pricing: Determine appropriate premium rates for policies based on risk assessment, market trends, and company profitability objectives.
• Negotiation: Collaborate with brokers, agents, and clients to negotiate terms and conditions of insurance contracts, including coverage limits, deductibles, and pricing.
• Portfolio Management: Monitor and manage an assigned portfolio of policies, ensuring proper documentation, renewal processing, and ongoing risk assessment.
• Client Interaction: Build and maintain strong relationships with clients, brokers, and other stakeholders, providing excellent customer service and addressing inquiries and concerns promptly.