Insurance Executive Motor Underwriting -Saudi Arabia -Riyadh | Financial Services| Orient Insurance

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United Arab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world's most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organization to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate. 

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.

Job Responsibilities:     

We are currently seeking an Insurance Executive to assist in the effective Motor underwriting, assessment, and management of insurance policies by supporting senior underwriters in risk evaluation, policy administration, and client interactions. Ensure that accurate data is collected, premiums are calculated appropriately, and clients receive excellent service.

What you will do:

• Maintain pricing models and underwriting tools for effective risk management and accurate premium calculation
• Support the marketing team by participating in sales activities, building client relationships, and assisting in contract negotiations
• Analyze and assess various insurance proposals to determine their validity and relevance
• Collect and evaluate background information related to the risks that need coverage, ensuring accurate risk assessment
• Work with surveyors and other experts for accurate risk evaluation and reporting.
• Gather, analyze, and prepare necessary reports on risk assessments, underwriting performance, and market trends
• Define and impose conditions for different types of motor insurance policies based on risk evaluations
• Draft and issue policies ensuring all terms, conditions, and legal requirements are clearly stated.
• Departmental Collaboration: Work closely with the Marketing and Claims departments to ensure smooth operational processes and customer satisfaction

Required skills to be successful:

• Attention to details
• strong analytical skills
• Good skills in MS office (Excel, Word, PPT) Outlook and internet application
• Proactive and self-motivated
• Time management and focused delivery of deadlines
• Ability to perform under pressure & perform multiple tasks simultaneously    

What equips you for the role:

• Holding a Higher Secondary  or relevant university degree or general insurance qualification
• Having over 2-4 years of work experience in the field of Motor underwriting handling similar job responsibilities.
• Experience and sound technical knowledge in handling motor retail and fleet underwriting and operations or related line of insurance
• Ability to prioritize workload in meeting deadlines and agreed TAT
• Living in Riyadh- Saudi Arabia

Working Days and Hours:

• Working Days : Sunday to Thursday
• Time: 8: 00 AM till 5:00 PM
• Weekends: Friday and Saturday

About Orient Insurance PJSC:

Orient Insurance Company commenced operations in 1982 as a part of the reputed Al-Futtaim Group and has since recorded a progressively steady growth. The Company is counted among the leaders in the UAE insurance market. Orient Insurance Company has a paid-up capital of AED 500 Million which is the highest in the insurance industry in UAE. With head office in Dubai, the company serves its clientele through an extensive branch network in Jebel Ali, Abu Dhabi, Al Ain, Sharjah and Ras Al Khaimah in UAE, Muscat in Sultanate of Oman, Bahrain and kingdom of Saudi Arabia.