Description
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.