Job Summary
The P&C Underwriting Manager is responsible for leading and managing the Property & Casualty underwriting function to ensure profitable portfolio growth and adherence to company risk appetite and regulatory requirements. This role involves setting underwriting strategies, evaluating and approving risk exposures, enhancing underwriting processes, and supervising the underwriting team.
Key Responsibilities
Portfolio & Risk Management
- Develop and implement underwriting policies, guidelines, and criteria for P&C products in alignment with company strategy and risk appetite.
- Analyze portfolio performance, monitor loss ratios, profitability trends, and recommend adjustments where necessary.
- Assess complex risks and make approval decisions on submissions within delegated authority.
Strategic Planning & Implementation
- Contribute to the development of underwriting strategies that support business growth and sustainability.
- Provide market insights and competitive analysis to inform product pricing and risk selection.
Team Leadership & Development
- Lead, coach, and mentor underwriting staff to build technical skills, consistency in decisions, and professional growth.
- Promote collaboration between underwriters, sales, claims, actuarial, and other stakeholders.
Compliance & Governance
- Ensure underwriting practices comply with regulatory requirements in Saudi Arabia and internal governance standards.
- Maintain accurate documentation of underwriting decisions and risk assessments.
Stakeholder Management
- Partner with distribution channels, brokers, and external partners to support business development.
- Provide technical underwriting support and guidance to internal teams.
Qualifications & Experience
- Bachelor's degree in Insurance, Business Administration, Finance, Risk Management, or related field.
- Minimum 510 years of experience in property & casualty insurance underwriting, including significant experience in leadership roles.
- Proven expertise in risk assessment, pricing fundamentals, portfolio management, and underwriting profitability analysis.
- Professional insurance certification (e.g., CPCU, CII, AIC) is an advantage.
