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Our office in Al Khobar is looking for a Reinsurance Officer/Processor. You will be supporting a team of Brokers and Account Executives and will get the opportunity to liaise with clients.

Benefits

  • Exposure to reinsurance. This is for candidates who are in the insurance industry for 1 – 2 years and for candidates who are interested in client servicing and operational work.
  • Liaise with clients.
  • Work with a supportive team who will provide necessary training.

Responsibilities.

1. Deal with individual requirements of Division Head and team as and when required.

2. Maintains filing both electrical and paper based.

3. Demonstrate ability to liaise with clients at all levels.

4. Effectively plans and organizes workload in order to meet business timescale.

5. Demonstrates an effective approach to multi-tasking and is able to meet timescales.

6. Completes all activities accurately.

7. Demonstrates competence in using Company’s systems and processes as required.

8. Identifies personal knowledge and skill gaps relevant to the job role.

9. Adheres to the contents of the Operating Procedures Manual (OPM) and the Company’s overall internal procedures and policies.

10. Nil E&Os.

11. Miscellaneous tasks within the scope of work, as assigned by the direct manager.

Education

Bachelor’s Degree

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Education

  • Bachelor’s degree
  • Dip CII, ACII, FCII will be an added value

Experience

  • 5 – 8 years’ experience in treaty placements

Duties & Responsibilities

  • Possess comprehensive knowledge of reinsurance and insurance capabilities & concepts, to market reinsurance programs
  • Coordinate with broking team and analytics to evaluate insurance risks on a portfolio level and advise clients on reinsurance treaty structures to mitigate downside risk and improve capital efficiency
  • Ability to establish and maintain positive client and reinsurer relationships, resolve client inquiries and issues within a timely manner
  • Negotiate and manage placement of reinsurance treaties utilizing both regional and international markets
  • Manage the coordination of underwriting and claims audits of insurance clients, when and if requested by reinsurers
  • Ensure company, market and client related documentation is issued (internally and externally) accurately and on time i.e. placement slips, cover notes, new and renewal contracts
  • Comply with external and internal regulatory and statutory policies, procedures and regulations
  • Research on industry topics and the development of content to be shared with clients and Prospects
  • Ability to read, analyse, and interpret, technical reinsurance presentations. Ability to write reports and business correspondence. Ability to effectively present information and respond to questions from clients, reinsurers and colleagues alike
  • Ability to work with mathematical concepts such as probability and statistical inference. Ability to apply concepts such as fractions, percentages, ratios, percentiles and proportions to practical situations
  • Coordinating with internal stakeholders and actuarial towards the development of reinsurance strategies and placement

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At Ace Insurance Brokers, we are looking for a financial advisor who has a track record of selling individual life insurance plans and has a strong understanding of investments.

We are looking for candidates who have either of the following certifications –

  • Award in Financial Planning
  • Cert CII
  • Cert PFS

Purpose of the role

  • Actively develops new business opportunities.
  • Maximizes cross selling opportunities where possible.
  • Developing long-term relations with clients and helping them achieve their financial goals.

Responsibilities

  • Have a good working knowledge of life insurance and investment products available, insurance trading conditions, the Company’s products and services.
  • Handle all technical queries effectively.
  • Highlight the specifics of the warranties, terms and conditions to clients.
  • Demonstrate detailed knowledge and understanding of the insurance market, insurance principles and the ability to apply them in the day to day activities.
  • Demonstrate detailed understanding of more complex product features, benefits, exclusions, warranties and their application to various situations.
  • Tailor products offered according to client’s needs.
  • Demonstrate an understanding of the concept of risk and how variables can affect the client, decisions in all classes of business.
  • Develop and maintain a strong relationship with the client and the market.
  • Effectively manage the clients’ portfolios.

Qualifications

  • Bachelors degree
  • Knowledge of MS office.

We offer an attractive compensation structure which includes basic salary and commissions.

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At Ace Insurance Brokers, we are looking for an Account Executive with 3 – 5 years of reinsurance experience in the Saudi Arabia

Purpose of the role

  • Actively develops new business opportunities.
  • Maximizes cross selling opportunities where possible.
  • Prepares a prospect list of potential new clients.

Responsibilities

  • Review contracts as required.
  • Check externally produced policy documents.
  • Have a good working knowledge of the insurance products available, insurance trading conditions, the Company’s products and services.
  • Handle all technical queries effectively.
  • Highlight the specifics of the warranties, terms and conditions to clients.
  • Demonstrate detailed knowledge and understanding of the insurance market, insurance principles and the ability to apply them in the day to day activities.
  • Demonstrate detailed understanding of more complex product features, benefits, exclusions, warranties and their application to various situations.
  • Tailor products offered according to client’s needs.
  • Demonstrate an understanding of the concept of risk and how variables can affect the client, decisions in all classes of business.
  • Develop and maintain a strong relationship with the client and the market.
  • Effectively manage the clients’ portfolios.

Qualifications

  • Bachelors degree
  • Knowledge of MS office.

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Job Summary

  • To promote the Company with clients and actively solicit and secure new businesses and proposals.

 

Main Responsibilities

  • Reviews contracts as required.
  • Checks externally produced policy documents.
  • Have a good working knowledge of the insurance products available, insurance trading conditions, the Company’s products and services.
  • Handles all technical queries effectively.
  • Highlights the specifics of the warranties, terms and conditions to clients.
  • Contributes to a successful audit score.
  • Demonstrate regulatory knowledge.
  • Demonstrates detailed knowledge and understanding of the insurance market, insurance principles and the ability to apply them in the day to day activities.
  • Demonstrates detailed understanding of more complex product features, benefits, exclusions, warranties and their application to various situations.
  • Tailors product offering to client’s needs.
  • Demonstrates an understanding of the concept of risk and how variables can affect the client, decisions in all classes of business.
  • Demonstrates proficiency in the use of the Company’s systems and processes to fulfill role.
  • Develops and maintains a strong relationship with the client and the market.
  • Effectively manages the clients’ portfolios.
  • Actively develops new business opportunities.

 

Education

  • Bachelors degree

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Job Summary

A financial manager is responsible for providing financial advice and support to management to enable them to make sound business decisions.

Main Responsibilities

  • Manages and oversees preparation of Monthly Financial Statements and Annual Accounts. Providing and interpreting financial information.
  • Monitoring and interpreting cash flows and predicting future trends.
  • Formulating strategic and long-term business plans.
  • Researching and reporting on factors influencing business performance.
  • Developing financial management mechanisms that minimize financial risk.
  • Conducting reviews and evaluations for cost-reduction opportunities.
  • Managing a company’s financial accounting, monitoring and reporting systems.
  • Liaising with auditors to ensure smooth completion of annual audit.
  • Developing external relationships with appropriate contacts e.g. auditors, solicitors, bankers and statutory organizations.
  • Producing accurate financial reports to specific deadlines.
  • Managing budgets.
  • Arranging new sources of finance for a company’s debt facilities.
  • Supervising and monitoring Finance Department staff.
  • Keeping abreast of changes in financial regulations and legislation.
  • Monitors and approves expenditures period within the Levels of authority.
  • Overseeing the preparation of payroll documents needed to implement payroll/personnel transactions.
  • Adheres to the contents of the Company’s overall internal procedures and policies.
  • Miscellaneous tasks within the scope of work, as assigned by the direct manager.

 

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