Underwriting Assistant

Founded as a farmers' mutual in 1967, the company is now one of the larger mutual insurers in Saudi Arabia. We started in 1967 and have grown to about 320 people.

Role overview

This is a newly created position. This role balances growth with profitability. You will be measured on new business, retention and loss ratio. Al Faraj Mutual is a regional property and casualty carrier. You will underwrite a book of about $15M in written premium. You will be employed through our employer-of-record partner in Pakistan, with a local contract and salary paid in Pakistani rupees. Working hours follow Gulf time, Monday to Friday.

Essential duties and responsibilities

• Price accounts using rating tools in Guidewire PolicyCenter and underwriting judgment.
• Re-underwrite renewals for loss trends, exposure changes and rate adequacy.
• Mentor underwriting assistants and trainees.
• Visit agencies to build relationships and explain our appetite.
• Refer accounts above your authority with a clear recommendation.
• Track production, hit ratio and loss ratio for your book monthly.
• Document underwriting decisions in the policy file.

Minimum qualifications

• 1+ years of commercial lines underwriting experience.
• Strong judgment on risk selection and pricing.
• Familiar with Guidewire, Duck Creek or a similar policy system.
• Clear written underwriting rationale.
• Bachelor's degree in business, finance, risk management or a related field.
• Experience reading loss runs, schedules and financial statements.

Preferred qualifications

• Excess and umbrella underwriting.
• CPCU, AU or CIC designation.
• Construction or manufacturing account experience.
• Experience at a regional or mutual carrier.

Salary range: PKR 225,000 - PKR 260,000 per month

Benefits

• Annual team retreat.
• Paid parental leave.
• Two weeks of paid leave at year end.
• Annual salary review.
• Performance bonus.

Candidates must be eligible to work in Pakistan.

If you are shortlisted, we will reach out to set up a first call.

Start: Immediately.

Demo job created on 11jobs for testing and demonstrations. It is not an actual opening at Al Faraj Mutual.