Overview
Senior Specialist – Underwriting SA Jobs in Riyadh, Saudi Arabia at D360 Bank
Job Description
The role is responsible for evaluating and assessing the risks associated with loan applications and making decisions based on risk analysis, underwriting guidelines, and company policies. This role involves reviewing financial documents, client profiles, and market data to determine eligibility and the terms of loan policies. The incumbent will ensure compliance with industry standards and work closely with other departments to facilitate smooth risk assessment processes.
Responsibilities
Evaluate the risk associated with insurance or loan applications by reviewing financial documents, credit histories, and other relevant data to determine eligibility, policy terms, or loan conditions.
Make informed underwriting decisions based on comprehensive risk analysis, considering both company policies and external market trends.
Ensure all underwriting activities comply with regulatory standards, company policies, and industry best practices. Stay informed of regulatory changes and adjust processes accordingly.
Contribute to the development and refinement of underwriting policies, guidelines, and procedures to enhance efficiency and reduce risk.
Maintain detailed records of underwriting decisions, including reasons for approvals or rejections.
Identify opportunities to streamline and improve underwriting processes and tools, leveraging technology and industry best practices to enhance efficiency.
Perform any other duties assigned by the line manager related to the nature of the work.
Enforce, incorporate, and comply with all necessary controls and related information security policies, procedures, practices, training, reporting, personal due diligence, and vigilance within departmental activities and operations.
Qualifications
Preferred Qualifications
A tertiary qualification from a recognized institution in Business, Finance, Insurance, or a related field.
Years & Nature of Experience
Recommended for a fresh graduate to 3 years of experience in underwriting or a similar domain, with a strong understanding of risk assessment techniques and policies.
In-depth knowledge of underwriting principles, practices, and regulatory requirements.
Ability to analyze complex data and make sound decisions under pressure.
Strong communication skills to collaborate with internal teams and external clients.
Attention to detail and a high level of accuracy in decision-making.
Technical Competencies
Underwriting
Regulatory compliance
Credit risk assessment
Operational efficiency
Behavioral Competencies
Communication
Problem solving
Decision-making
Attention to detail
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Title: Senior Specialist – Underwriting SA
Company: D360 Bank
Location: Riyadh, Saudi Arabia
Category: Finance & Banking (Risk Manager/Analyst, Underwriter), Insurance (Risk Manager/Analyst, Underwriter)
