Technical Assurance Specialist

5 days ago


Manama, Manama, Bahrain Mada Insurance And Reinsurance Brokers Full time
Job Description

Mada Insurance And Reinsurance Brokers seeks a highly skilled Technical Assurance Specialist to join our team. As a key member of our insurance operations department, you will be responsible for reviewing applications, documents, and Know Your Customer (KYC) information for accuracy and completeness. You will also evaluate the degree of risk involved in order to determine acceptance of applications and assist the technical team in proposals according to established policies and procedures.

Main Responsibilities:
  • Review applications for completeness as per established policies and procedures.
  • Identify and classify the required insurance as private or commercial and register the details as requested by the client and according to company policies and procedures.
  • Compare insurance proposal terms received from insurance companies and determine if the applicant is an acceptable risk.
  • Evaluate future loss potential.
  • Ensure that the insured amount is not more than the market value for the respective insurance cover.

Principal Accountabilities:
  • Evaluate the provided information, seek additional information if necessary, according to the company's policies and procedures.
  • Print the policy, invoice, and premium schedule and ensure prompt delivery to the client.
  • Receive change requests from clients for additions/amendments/deletions from schedule list covered by a policy or increase of insured amounts, scrutinise the same for acceptability, and advise insurance companies accordingly.
  • Diarise and follow up on renewals sufficiently earlier to the expiry dates.
  • Reply to customer enquiries and maintain a harmonious yet professional relationship with clients.
  • Ensure that files are in order and compliant with regulatory requirements.

Requirements:
  • Detail consciousness
  • Excellent Excel skills
  • Financial modelling skills
  • Communication skills
  • Data analysis
  • Report writing
  • Insurance-related IT skills
  • Planning & Organizing skills
  • Customer Service orientation
  • Negotiation skills


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