Senior Group Underwriter

Be among the first applicants.

Allianz Partners

Dubai

AED 120,000 - 200,000

Be among the first applicants.

4 days ago

Job description

The Senior Underwriting Officer will provide strategic, commercial, and financial advice by evaluating and managing financial risks associated with policies. The incumbent will be responsible to analyze statistical data and construct probability tables to forecast risk and liability for payment of future benefits.

What you do:

Analyzes statistical data to determine probability of risks or financial impact.
Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
Collaborates with programmers, underwriters, accounts, claims experts, and senior management to help companies develop plans for new lines of business or improving existing business.
Designs, reviews, and helps administer insurance policies, determining financial soundness and calculating premiums.
Determines policy contract provisions for all types of insurance.
Develops systems to ensure compliance with the requirements of regulatory bodies.
Assist in the development of new products.
Assures continuous technical profitability to risk carriers (insurance & reinsurance companies).
Provides continuous and effective visibility to risk carriers on their portfolio status.
Pricing Review/Analysis/Development.
Provides early warnings and issue recommendations on corrective measures.
Assures high retention of clients and reinsurers.
Collaborates with reinsurers, underwriting community of the group, programmers, local underwriters, accounts, claims experts, and senior management to help internal departments have best practices.
Constructs probability tables based on statistical data analysis and other pertinent information.
Provides expertise to management to manage risks and maximize returns associated with investment products or credit offerings.
Conducts valuations of assets and liabilities.
Provides expert advice on investment strategies.
Assesses the profitability of an investment portfolio.
Measures, monitors, and mitigates portfolio and enterprise risks.
Oversees asset and liability modeling, product development, and profit testing.

What you bring:

Bachelors Degree; Certification in Actuarial Science background preferred.
5+ years of relevant experience in a similar role; Insurance industry is a plus.
Physically fit to carry out duties.
Legally permitted to work in the country of operations.
Fluency in MS Office (Excel, Word, Outlook, PowerPoint) and general internet navigation and research skills.

What we offer:

Our employees play an integral part in our success as a business. We appreciate that each of our employees are unique and have unique needs, ambitions and we enjoy being a part of their journey. We are there to empower and encourage you with your personal and professional development ensuring that you take control by offering a large variety of courses and targeted development programs. All that in a global environment where international mobility and career progression are encouraged. Caring for your health and wellbeing is key priority for us. This is why we build Work Well programs to providing you with peace of mind and give the flexibility in planning and arranging for a better work-life balance.

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.
We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.
We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.
Join us. Let's care for tomorrow.

Job Level:

Professional

Location:

Dubai, AE

Area of Expertise:

Underwriting

Unit:

Allianz Partners

Employing Entity:

NEXTCARE Claims Management LLC

Job Type:

Full-Time

Remote Job:

Hybrid working

Employment Type:

Permanent

ID:

64057

Position Cluster:

Non-Executive