Job Description

Long Description Job SummarySenior Underwriting Officer, play a pivotal role in the underwriting process, assessing risk, and determining appropriate coverage for clients. This position requires a deep understanding of UW principles, policies, and regulations, as well as excellent analytical and decision-making skills.Job ResponsibilitiesArabic & English Policy issuances ; including but not limited to quotations, new policy issuance, midterm amendments and its proper entries on premium systemsRisk 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.