Assistant Underwriter

3 weeks ago

Manama, Manama, Bahrain Trust Re Full time

Trust Re Manama, Capital Governorate, Bahrain

Assistant Underwriter

Trust Re Manama, Capital Governorate, Bahrain

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Are you a fresh graduate looking to build a solid foundation in the reinsurance industry? We're offering a great opportunity to join our team as an "Assistant – Underwriter", where you'll work closely with experienced underwriters and contribute to the technical and administrative aspects of our underwriting process.

Key Responsibilities:

  • Register inward offers in the system and ensure timely updates.
  • Prepare initial risk and offer review sheets by analyzing proposals against underwriting guidelines and reinsurance protections.
  • Draft offer summaries, calculate premiums and adjustments, and make recommendations for acceptance or decline.
  • Initiate Know Your Customer (KYC) processes and ensure proper documentation.
  • Archive full offer details and correspondence in the system.
  • Follow up on pending accounts and pipeline premiums with reminders.
  • Assist in compiling statistical and financial data on cedants and brokers.
  • Contribute to monthly and quarterly management reports.
  • Prepare comparative analysis with observations and recommendations for internal review.
  • Process debit/credit notes based on policy acceptance or received closings.
  • Resolve discrepancies by raising queries and revising bookings when necessary.
  • Prepare documentation for approval and update workflow tracking systems accordingly.
  • Support Finance with reconciliation of account bookings and settlements.

Ideal Candidate Profile:

  • Bachelor's degree in Insurance, Finance, Accounting, Business Administration, or a related field
  • Strong analytical skills and attention to detail
  • Proficient in MS Office, particularly Excel
  • Organized, proactive, and eager to learn
  • Excellent written and verbal communication skills

What We Offer:

  • On-the-job training and mentorship
  • Exposure to international reinsurance practices
  • A collaborative, growth-oriented work environment
  • Opportunity for long-term career development
Seniority level
  • Seniority levelEntry level
Employment type
  • Employment typeFull-time
Job function
  • Job functionAdministrative, Analyst, and Engineering
  • IndustriesInsurance and Financial Services

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