Associate Underwriter at Islamic Development Bank
Jeddah, منطقة مكة المكرمة, Saudi Arabia -
Full Time


Start Date

Immediate

Expiry Date

29 Jun, 25

Salary

0.0

Posted On

30 Mar, 25

Experience

0 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

No

Skills

French, English, Credit Insurance, Business Analysis, Finance, Information Systems

Industry

Financial Services

Description

JOB REQUIREMENTS

Field of Study Finance, Business Administration, Banking or Management Information Systems (MIS)
Academic Qualifications and Relevant Experience: 2 Years of Experience Bachelor Degree holder.
Nature of Experience: Prior experience in Finance, Business Administration, Banking or Management Information Systems (MIS) preferably in the IsDB Group or Export Credit Insurance.
Professional Certifications (as added advantage): Credit Insurance, Credit Risk Management, Credit Law, Business Analysis
Business Language Skills: Good command of written and spoken English is essential, additional languages such as Arabic and/or French will be an added advantage.

Responsibilities

JOB PURPOSE

The AU is responsible for handling the day-to-day operations of the Underwriting Support Function (USF) including obtaining proper information adequate and satisfactory for the assessment of the compliance risk, commercial risk, political risk and sector risk of corporates, banks and projects. AU is also responsible for the management of all types of insurance products under different business lines (ST, MT, FIIP, Inward reinsurance, and Fronting Business) which extend over the whole insurance operations cycle.
The role holder is responsible for supporting the Underwriters with underwriting activities, reviewing, summarizing financial information and credit reports, drafting changes to, reinstatement of, and cancellation of specific terms and conditions in the policies, and maintaining standardized product documentation including record keeping and act as custodian of documentation.

OTHER RESPONSIBILITIES

 Participation in the automation of the insurance operation processes.
 Participation in the development of maintaining the documentation related to the insurance operations.
 The role holder will also perform duties pertinent to the Department/Division/Function as assigned by the supervisor.

Loading...