Assistant Manager – Underwriting – Orient Insurance

Al Futtaim Group

Dubai, UAE

Ref: HP698-8441

Job description / Role

Employment: Full Time

Orient is an Al-Futtaim company, considered a leader in the regional insurance market with representation in the UAE, Oman, Egypt, Syria, and Sri Lanka, and the only company in the Middle East that carries a combined ratings A Excellent from A.M. Best and A (strong) from Standard and Poor's.

Orient is also accredited with ISO 9001 Quality Management Certification.  The company believes in a well structured transparent corporate culture, highly professional standards and intergrity, clear strategy and employee empowerment.

The duties and responsibilities for this role are:

* UNDERWRITING - Ensure proper underwriting of insurance risks in keeping with the guidelines by supplying experience statistics and market intelligence. Compute appropriate premium accurately and allocate reinsurance cessions with the specified criteria to facilitate proper data entry process and generation of appropriate policy documents.

* RISK INSPECTION -Conduct risk inspection to assess and report acceptability of risks and recommend appropriate risk improvement measures in order to ensure sound insurability of risks.

* POLICY DOCUMENTS - Review and ensure accuracy of the contents of the policy documents and arrange prompt dispatch in order to provide an efficient service to customers, brokers, development officers and participating re-insurers.

* CO-ORDINATION - Co-ordinate with customers, brokers and development officers and other insurance companies to obtain required additional underwriting particulars in order to carry out proper risk assessment and provide appropriate solutions to their problems.

* STATISTICS -Prepare monthly premium and reinsurance treaty statistics and other statistical information required to facilitate Management's decision making process.

Requirements

To be successful in winning this role, the candidate should possess the following qualifications:

* Holding a relevant university degree or Degree or Diploma in Insurance
* Must have 4 to 6 years of experience in Insurance Industry
* Knowledgeable in principles and practices of insurance
* Good communication skills, presentation skills and analytical skills.

About the Company

Established in the 1930's, the Al-Futtaim Group initially operated as a trading enterprise. Rapid development throughout the 1940's and 50's saw it establish itself regionally as an integrated commercial, industrial and services organisation, positioning itself one of the leading business houses in the lower Gulf region. Today, it operates collectively over 40 companies bearing the Al-Futtaim name, dominates many market segments in the UAE, and has expanded its sphere of operation to include Bahrain, Kuwait, Qatar, Oman and Egypt.

The Group comprises a diverse range of strategically positioned operating subsidiaries and associate companies, structured to give the Al-Futtaim Group the flexibility and versatility to keep ahead of local competition while keeping pace with the ever-evolving global business scenario. The Groups continued investment in world-class systems technology is clear evidence of its commitment to maintain leading edge performance and service delivery.

The success of the Al-Futtaim Group can be attributed to a business approach that combines the ability to change with the traditional values of integrity, service and social responsibility that define its core business philosophy. This, linked with the Groups belief in decentralisation, gives the heads of the operating companies a high degree of functional autonomy and authority, providing the Group with essential flexibility, and individual employees a clearly defined work culture and sense of responsibility.

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QA/QC Engineer salaries in Saudi Arabia

Average monthly compensation
SAR 9,500

Breakdown available for industries, cities and years of experience