1 Risk Assessment jobs in Bahrain

Senior Risk Assessment Underwriter

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1060 Seef, Capital BHD75000 Annually WhatJobs

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Job Description

full-time
Our client, a leading insurance provider, is seeking a highly experienced Senior Risk Assessment Underwriter to join their dynamic team in Seef, Capital, BH . The successful candidate will be responsible for evaluating complex insurance applications, assessing risks, and determining appropriate coverage and pricing strategies. This role involves in-depth analysis of financial statements, market trends, and regulatory requirements to ensure the profitability and solvency of the company. You will collaborate closely with brokers, agents, and internal stakeholders to provide expert guidance and solutions.

Key responsibilities include:
  • Analyzing and interpreting financial data, business operations, and loss histories to assess risk exposures.
  • Developing and implementing underwriting guidelines and procedures to ensure compliance and consistency.
  • Negotiating terms and conditions with clients and brokers to finalize policy details.
  • Staying abreast of industry developments, market changes, and emerging risks that may impact underwriting decisions.
  • Providing mentorship and training to junior underwriters, fostering a culture of continuous learning and professional development.
  • Collaborating with the claims department to understand claim trends and their impact on underwriting practices.
  • Utilizing advanced analytical tools and software to support decision-making and improve efficiency.
  • Participating in cross-functional projects to enhance product offerings and risk management strategies.
The ideal candidate will possess a Bachelor's degree in Finance, Economics, Business Administration, or a related field, with a minimum of 7 years of progressive experience in insurance underwriting. Professional certifications such as CPCU, ARM, or equivalent are highly desirable. Excellent analytical, problem-solving, and decision-making skills are essential, along with strong communication and interpersonal abilities. A proven track record of successfully managing a portfolio of complex accounts and demonstrating sound judgment in risk assessment is required. Familiarity with underwriting software and a deep understanding of insurance regulations are crucial for this role. This is an exceptional opportunity to contribute to a reputable organization and advance your career in the insurance sector.
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