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Nasser Almugren, Medical and life Underwriting Manager

Nasser Almugren

Medical and life Underwriting Manager ·AXA Cooperative insurance company

Saudi Arabia

Bachelor's degree, Insurance

Work experience

Total years of experience: 22 years, 8 months

Medical and life Underwriting Manager

September 2015 - Present

AXA Cooperative insurance company

Riyadh, Saudi Arabia

September 2015 - Present

Company industry:
Insurance & TPA
Job role:
Management

Mentor for the Economics Department

September 2012 - Present

University of Wis-Milwaukee

Riyadh, Saudi Arabia

September 2012 - Present

• Take the lead in supporting the economics students through an ongoing one-to-one or group relationship. Serve as a positive role model and friend.
• Build a relationship by participating in activities at the after school program or one of the designated supervise mentoring sites.
• Strive for mutual respect between mentor and mentees
• Build self-esteem and motivation in the mentees.
• Assist mentee with setting goals to achieve academic and personal success.
• Set goals and work toward accomplishing the economics students.

Company industry:
Primary, Prep, & Secondary School
Job role:
Support Services

Life & Medical Underwriter

March 2012 - August 2015

Saudi Re

Riyadh, Saudi Arabia

March 2012 - August 2015

• Treaty & Facultative.
• Leading an online pricing tools and cedants accounts project for international insurance companies.
• Evaluating and determining the degree of risk involved in granting reinsurance to individuals and organizations.
• Minimizing potential and non-potential financial loss associated with offering Life and Non-Life reinsurance policies.
• Specializing in pricing tools and financial modeling.
• involved in the main reinsurance structure such as claims, retro, technical accounting, finance, business development, marketing, and sales.
• Bancassurance, Credit Life, Group Life, individual, and Financial Underwriting.
• Writing business in Saudi Arabia, MENA, Asia, and Africa.

Company industry:
Insurance & TPA
Job role:
Accounting and Auditing

Finance Graduate Program

September 2011 - January 2012

Zain saudi arabia

Riyadh, Saudi Arabia

September 2011 - January 2012

 Part of Zain Saudi Arabia Finance Graduate Program, where I was selected to be part of
the program that will allow me to rotate through all financial departments which
include: Treasury, Cash Management, Finance, Accounting, Budgeting, Accounts
Receivables, Accounts Payables, etc.
 Training programs that cover a wide range of specialties like leadership, personal
development, management and project management.
 Hands-on training on Oracle ERP system, with heavy focus on its financial system.
 Currently I’m acting as payment’s supervisor which involves working on Oracle in
checking all approved invoices, selecting payments dates (time management of
payment), selecting the right category of payment (opex, capex, etc.), method of
payment, and reporting to the finance director.
 After program is completed I will be assigned to work for the finance department.

Company industry:
Telecommunications
Job role:
Accounting and Auditing

Coordinater

January 2009 - August 2009

Wisconsin Student Public Interest Research Group (WISPIRG)

United States

January 2009 - August 2009

 Coordinate WISPIRG campaigns on campus and in the community.
 Work closely with WISPIRG staff to develop coalitions, recruit volunteers, coordinate
events and strategize for victory.
 Work on concentrating public concern and presenting it to decision makers.
 Played a role in the gathering of over one million public comments to the president in
an effort to protect 60 million acres of pristine National Forests.
 Worked with the media to educate the community about the plans of four of the
world's largest oil companies to drill in the Arctic National Wildlife Refuge.

Company industry:
Non-profit Organization
Job role:
Research and Development

Strategic Planning Intern

June 2008 - September 2008

SADAD Payment System

Riyadh, Saudi Arabia

June 2008 - September 2008

 Was part of the team that worked on developing a five year strategic plan that outlines
SADAD’s roadmap, where I was a team member of a joint team from SADAD and
McKinsey & Co. consulting firm to produce the plan, which focused on developing new
delivery channels to reach the unbanked customers (the largest underserved
segment), in addition to increasing utilizations for current Billers, and introducing a
lighter version of the system to be used by small and medium enterprises.
 My main task was to analyze all Saudi Banks financial statements for the past three
years, and find a correlation between their retail and delivery channels strategy with
their market share and profitability, and how SADAD affected the outcome

Company industry:
Financial Services
Job role:
Accounting and Auditing

Finance Intern

June 2005 - September 2005

Advance Electronic Company

Riyadh, Saudi Arabia

June 2005 - September 2005

 Advanced Electronics Company (AEC) is a joint venture between Boeing Industrial
Technology Group and four other Saudi companies, and considered the leading
company in high technology engineering and manufacturing company in the country,
with capabilities in national defense advanced manufacturing technologies,
communication systems and product support.
 Was part of the finance department, where I was trained on preparing weekly reports,
and gather needed data from other departments.

Company industry:
Heavy Industry & Metallurgy
Job role:
Accounting and Auditing

International Purchasing Supervisor

September 1998 - April 2005

Retail Real Estate Co.

Riyadh, Saudi Arabia

September 1998 - April 2005

 Started in the Purchasing Department as a Purchasing Officer. And was in charge of
international purchasing activities, where I worked with international suppliers to
select the best sources in regard to quality and cost, negotiate terms, and manage
ordering and shipping process with banks international shipping brokers.
 The position demanded regular international trips to countries like China, Central
America, South America, Indonesia, Syria, UAE, and others

Company industry:
Warehousing
Job role:
Sales

Education

BIBF

September 2014

September 2014

Bachelor's degree, Insurance

Bahrain

Atlantic International University

December 2011

December 2011

Bachelor's degree, Industrial Engineering

United States

University Of Wisconsin-Milwaukee

December 2010

December 2010

Bachelor's degree, Finance & Economics

United States

University Of Wisconsin-Milwaukee

May 2007

May 2007

Diploma, Academic English Program

United States

King Saud University

December 2005

December 2005

Bachelor's degree,

Saudi Arabia

Skills

Expertise in strategic planning
Expert
Expertise in strategic planning
Expert
Venture Finance
Expert
Venture Finance
Expert
Feasibility
Expert
Feasibility
Expert
Group Purchasing
Expert
Group Purchasing
Expert
Microsoft Office
Expert
Microsoft Office
Expert
Expertise in strategic planning
Expert
Expertise in strategic planning
Expert
Venture Finance
Expert
Venture Finance
Expert
Feasibility
Expert
Feasibility
Expert
Group Purchasing
Expert
Group Purchasing
Expert

Languages

English
Expert

Memberships

Collegiate Entrepreneur Organization

Member

January 2008

International Association for Students in Economics and Commercial

Member

December 2007

Student Investment Club at UWM

Member

January 2008

Saudi Students Club at Milwaukee, WI

President

March 2006

Training and Certifications

Certifications
IFC
Saudi Re
Mar 2012 - Jun 2012