Assistant Reinsurance Manager
UIB Saudi for insurance and reinsurance
Total years of experience :16 years, 11 Months
UIB Group is a multi national company offering insurance and reinsurance services. I look over reinsurance operations of UIB SAUDI for treaty as well as facultative.
i am the head of the reinsurance department. managing all the fac and treaty placements and other reinsurance services provided by the company to the insurers and clients. MIB insurance and reinsurance company is partner with GRS of Lebanon who are experts in reinsurance services in the MENA region with over 21 years of experience. I am handling the Saudi arabia operations .
Looking after all facultative and treaty arrangements. Technical accounts statements preparations pertaining to reinsurance. All reinsurance and underwriting related work.
From December 2009 to May 2010
Through Laphenicienne Insurance Brokers in M/s SANAD Insurance & Reinsurance Co as an
Underwriting Executive
• Issuance of (all Motor- Non Motor policies)
• Cancellation and renewal of Policies.
• Preparation of Premium Bordeaux & Refund Bordereaux.
Experience in India
M/s. MS Technologies
Hyderabad, India
Currently Working with Saudi Indian Company for Co-operative Insurance (WAFA Insurance) as
(Reinsurance Supervisor) at Riyadh, Saudi Arabia (From Aug 2008 till Aug 2009- June 2010 till date)
Worked as an Underwriter and currently working as a Reinsurance Supervisor.
Job Responsibilities:
• Reconciling and processing facultative and treaty technical accounts
• Processing payments for claims and account settlements
• Investigating account discrepancies and resolving them with brokers/cedants
• Month end, quarter end and year end account reconciliations
• Cooperating with Corporate office for Coinsurance, Re-insurance Support and Approvals
• Coordinating with Agents, Brokers and marketing team for any Underwriting Requirements
• Correspondence with all the coinsurers, brokers with technical accounts related issues.
• Handling and reconciliation of all coinsurance accounts.
• Preparations of all the monthly technical accounting statements.
• Examining records and reports from ceding company to determine validity of claims.
• Analyzing reinsurance treaties to identify coverage issues.
• Compilation of Monthly Information Reports
• Following up on cash call notifications, facultative claims recoveries and non proportional claims
recoveries.
Worked as a business development executive for a period from Jan 2007 till June 2008.
Overview on MS Technologies:
ITs a consulting services company mainly involve in the following activities:
a. Consulting corporate companies for joint venture with overseas organizations
b. Giving consulting services for corporate
c. Extracting funds to India and as well as departing it to overseas in the field of
Telecom, construction, oil & gas, Information Technologies etc
My Role was:
I was a key player and involve in all activities such as:
a- Correspondence with overseas company's
b- Coordinating in between Indian & Overseas corporates.
c- Responsible in dialogues for mutual benefit in between d- Communicating & arranging meeting locally and abroad via phone or in person
e- Arranging and maintaining schedule for visits
d- Putting on queries & clarifying which may arise from either ends
Bachelor of Commerce (B.Com) from Osmania University- Hyderabad - India Passed SAMA Certification of Insurance (I.F.C.E)
International PG Degree in General Insurance from IIRM - India DipCII Pursuing ACII