Senior Commercial Underwriting Specialist

Location: United Arab Emirates (Remote)

Employment Type: Full-Time

Experience Level: Mid-Level to Senior

Work Arrangement: Fully Remote

We are a construction-focused organization committed to commercial excellence, financial stability, and effective risk management. Our teams across Finance, Legal, Procurement, Commercial, Engineering, and Project Management collaborate to evaluate business risks, protect organizational interests, and support sustainable growth.

We are seeking an experienced Senior Commercial Underwriting Specialist to assess commercial insurance applications, evaluate business risks, determine appropriate coverage terms, and support underwriting decisions. The successful candidate will analyze financial and operational information, review risk exposures, recommend pricing and policy conditions, and ensure underwriting decisions align with established guidelines and applicable UAE requirements.

• Assess commercial insurance applications, renewals, endorsements, and requests for coverage changes.
• Evaluate risks involving property, construction, engineering, liability, equipment, and other commercial insurance classes.
• Review financial statements, claims histories, risk surveys, contracts, and supporting documentation.
• Analyze business operations, project characteristics, loss exposure, and risk mitigation measures.
• Recommend coverage terms, exclusions, deductibles, limits, premiums, and other underwriting conditions.
• Apply underwriting guidelines, delegated authority limits, and internal risk acceptance standards.
• Conduct risk assessments for contractors, suppliers, commercial entities, and construction-related projects where relevant.
• Collaborate with brokers, agents, claims specialists, loss adjusters, and internal stakeholders to obtain additional information.
• Identify high-risk applications, unusual exposures, incomplete disclosures, and potential underwriting concerns.
• Support pricing analysis using claims data, loss ratios, exposure information, and relevant market benchmarks.
• Monitor portfolio performance, emerging risk trends, and changes in market conditions.
• Review renewals and recommend adjustments to coverage, pricing, or risk conditions based on updated information.
• Document underwriting rationale, risk assessments, approvals, and exceptions accurately.
• Ensure underwriting activities comply with internal policies, contractual obligations, and applicable UAE insurance regulations.
• Support audits, portfolio reviews, and regulatory assessments by maintaining complete underwriting records.
• Prepare management reports covering underwriting performance, premium trends, risk concentration, and portfolio profitability.
• Recommend improvements to underwriting procedures, risk evaluation tools, and operational workflows.

• Bachelor's degree in Insurance, Finance, Risk Management, Business Administration, or a related discipline.
• Relevant experience in commercial underwriting, preferably involving property, construction, engineering, or liability insurance.
• Strong understanding of underwriting principles, insurance policy structures, pricing, and risk assessment methodologies.
• Experience reviewing financial information, claims histories, risk surveys, and commercial documentation.
• Familiarity with UAE insurance market practices and applicable regulatory requirements.
• Strong analytical, negotiation, decision-making, and documentation skills.
• Excellent communication skills and the ability to work effectively with brokers and cross-functional teams.
• Ability to manage competing priorities while maintaining sound underwriting judgment.

• Chartered Insurance…