Experience-Rated Underwriting

We are seeking an experienced underwriter to join our team in Riyadh, Saudi Arabia. As an Experience-Rated Underwriter, you will evaluate, modify, and price benefits for large corporate new business and renewal quotations in compliance with underwriting guidelines.

Key Responsibilities:

• Evaluate, modify, and price benefits for large corporate new business and renewal quotations in compliance with underwriting guidelines.
• Build effective relationships with sales and client management partners to win and retain business.
• Identify possible areas of improvement in the Large Corporate underwriting workflow.
• Collaborate with underwriters in other offices on regional opportunities.

Focus on Data Governance and Process Improvements:

• Assess, validate, and analyze datasets available for underwriting, with a clear understanding of the underlying concepts.
• Ensure data governance and consistency across underwriting data pipelines and reporting tools.
• Drive automation of reporting tools and improve data models for scalable analysis.

Performance Monitoring and Reporting:

• Develop and manage portfolio reporting across key underwriting, portfolio, and financial KPIs.
• Conduct variance analysis (actual vs. expected, plan delivery, forecasts) and identify key performance drivers.

Portfolio Management and Optimisation:

• Assess and challenge pricing strategies across business segments and channels.
• Evaluate the impact of pricing thresholds and decisions on growth, profitability, and market standing.
• Support and own pricing frameworks and underwriting guidelines, including periodic review.

Business Insights and Stakeholder Management:

• Provide analytical input into annual operating plans, forecasts, and strategic plans.
• Identify structural performance gaps across segments, channels, and locations, and translate data into actionable recommendations.
• Support cross-functional initiatives with Sales, Strategy & Planning, Actuarial, Finance, and Operations.

Governance and Control:

• Ensure effective embedded controls to detect inappropriate underwriting practices.
• Ensure underwriting policies, procedures, and guidelines are implemented, enforced, and periodically reviewed.
• Keep underwriting practices compliant with the latest regulatory requirements and Cigna standards.