Senior Actuarial Associate
Role Overview
The description identifies the role as Senior Underwriting Specialist and specifies full-time employment, United Arab Emirates location, and a fully remote work arrangement.
The specialist assesses complex insurance risks, evaluates applications, structures coverage, supports pricing decisions, and manages underwriting quality across assigned portfolios.
The role works with brokers, agents, actuaries, claims teams, risk specialists, customers, and internal leadership throughout the insurance lifecycle.
Key Skills for This Role
Full Job Posting
Role overview
The description identifies the role as Senior Underwriting Specialist and specifies full-time employment, United Arab Emirates location, and a fully remote work arrangement.
The specialist assesses complex insurance risks, evaluates applications, structures coverage, supports pricing decisions, and manages underwriting quality across assigned portfolios.
The role works with brokers, agents, actuaries, claims teams, risk specialists, customers, and internal leadership throughout the insurance lifecycle.
About the organization
The organization describes itself as a globally focused insurance business delivering risk solutions across diverse markets.
Its teams work across underwriting, actuarial, claims, risk, broking, sales, compliance, legal, finance, operations, and technology.
Underwriting and risk assessment
- Manage complex insurance submissions and review applications, risk information, financial data, loss histories, and supporting documents.
- Assess risk severity, frequency, financial impact, exposures, claims history, policy requirements, and market conditions.
- Determine risk acceptability under underwriting guidelines, delegated authorities, and risk appetite; recommend acceptance, modification, referral, or declination.
- Develop coverage structures, limits, deductibles, exclusions, conditions, warranties, and endorsements; review policy wording and related documents.
- Analyze insured values, replacement costs, revenue, payroll, turnover, asset concentrations, financial indicators, and business information.
- Review loss experience and risk-engineering information; conduct scenario analysis and assess catastrophe, concentration, and other portfolio exposures where applicable.
Pricing, relationships, and portfolio management
- Support pricing recommendations and evaluate premium adequacy, deductibles, limits, risk quality, and underwriting profitability with Actuarial and Pricing teams.
- Negotiate terms, conditions, pricing, deductibles, and coverage with brokers and distribution partners; respond to complex inquiries.
- Prepare referrals and present complex cases to senior underwriters, committees, or authorized decision-makers.
- Maintain accurate underwriting records and ensure policies reflect approved terms; coordinate policy issuance and review policy changes.
- Manage renewals and monitor portfolios for emerging risks, deteriorating performance, concentration, and adverse trends.
- Analyze portfolio indicators, identify underperforming segments, and recommend corrective actions or portfolio remediation.
Governance and controls
- Monitor regulatory, legal, economic, technological, environmental, and industry developments affecting underwriting.
- Ensure decisions comply with insurance regulations, company policies, delegated authorities, and governance requirements.
- Apply due-diligence, sanctions, anti-money-laundering, and financial-crime controls where applicable; escalate fraud or documentation concerns.
- Support underwriting audits, quality reviews, regulatory examinations, and internal control assessments.
Ideal candidate
- Strong experience in insurance underwriting, risk assessment, insurance broking, commercial or specialty insurance, financial services, or a related insurance environment.
- Proven experience assessing complex risks and submissions; strong understanding of risk selection, appetite, and delegated authority.
- Advanced knowledge of insurance products, policy structures, coverage terms, exclusions, deductibles, limits, and endorsements.
- Experience underwriting commercial, corporate, specialty, property, casualty, liability, or other relevant risks.
- Strong financial and commercial analysis skills, including financial statements, exposure data, claims history, and business information.
- Understanding of insurance pricing, rating, premium adequacy, underwriting profitability, claims trends, and portfolio performance.
- Experience reviewing risk-engineering reports, inspections, surveys, and loss-control recommendations.
Performance indicators
Measures include submission and quote turnaround, quote-to-bind conversion, policy accuracy, decision quality, guideline and delegated-authority compliance, and referral quality.
Portfolio measures include premium, renewal retention, profitability, loss and combined ratios, claims frequency and severity, pricing adequacy, risk-adjusted return, exposure concentration, and risk-appetite compliance.
Service and control measures include broker response, customer satisfaction, complaint resolution, fraud detection, regulatory compliance, audit resolution, data quality, and process improvement.
Apply for this job in 1 click
Skip the repetitive application forms
Install the Base Career Chrome Extension and autofill job applications across major job boards with your profile.
Trusted by over 500,000 job seekers on Base Career