Nadeem Mohammed
Insurance Expert
Riyadh
Summary
To secure a leading executive level role in the insurance industry. To continuously learn and maintain comprehensive knowledge and trends of the Insurance industry, in hopes of providing clients with the highest level of service
Overview
17
17
years of professional experience
5
5
years of post-secondary education
Work History
Senior Reinsurance Specialist
Arabian Sheild Insurance Co.
Riyadh, Riyadh Region
07.2024 - Current
- Ensure appropriate reinsurance in place for all risks underwritten and Re-Insurance are selected based on the Company Reinsurance Strategy and is in accordance with allowed treaty/facultative limits and complies with regulatory requirements - Objective is to ensure that the Company exposure ensuring proper reporting to the reinsurance on accountings and reinsurance payments and recoveries as the case may be
- Assist in the preparation of timely and accurate statements and reports to meet department requirements, policies and quality standards
- Reviewing provided data to assess the risk related to new/existing client collaborate with reinsurance/broker re insurance and maintain records that allow to properly assess risk factors associated with Protection & Saving insurance policy applicants
- Analyze the requested coverage to determine a proper offer
- Weigh the balance between risky and cautious decisions when approving insurance applications
- Runs report to evaluate pending applications/ RI slip for review, prioritizes work
- Performing renewal calculations/ assessment on monthly basis for cases due for renewal within the approved authority and refer cases above the authority to direct Manager
- Provides support and service to Agents in presenting the quotation, answers questions on exceptions or explanations of benefits, restrictions and any other concern to facilitate the delivery of the policy
- Use the Actuary tools to calculate the rate
- Prepare and reviewing quotes, renewal proposal and claim experience
- Liaising with Finance/claims departments for their queries
- Reinsurance allocation in the system as per facilitate terms & condition for all Class
- Preparing and Issuing of Facultative Outward RI Closings and Vouchers
- Month & Quarter End Closings for Premium/Production & RI Registers
- Preparing various type of reports for IA and other internal purpose
- Prepares Fac RI slip and places accounts to Re-Insurance for new and existing accounts
- Coordinates and answers Re-Insurance queries pertaining to facultative accounts
- Informs and updates Re-Insurance on any endorsements on Fac Rl accounts
- Coordinate with reinsurance brokers for the placement of each and every declaration to the appropriate reinsurance arrangement
- Review reinsurance payments/recoveries relating reinsurance premium, commissioning and claims
- Handles and reviews statement of accounts from Re-Insurance and forwards statement to Finance for reconciliation and payment
- Follows and coordinates with Sales on inquiries/additional information needed by Re-Insurance and following up of payment of premium for accounts which has been placed facultative to comply with the Premium Payment Warranty by Re-Insurance
- Determining the extent of the coverage and calculating the premium based on the applicant’s risk assessment upon approval of applications
Sales Broker Assistant Manager
Alinma Tokyo Marine Insurance Co.
Riyadh, Riyadh Region
10.2022 - 07.2024
- Worked as Sales Broker Assistant Manager main areas are to develop and execute strategies to increase business sales and profits
- Duties also include researching market trends and opportunities, developing business and marketing plans, and meeting with potential and existing client’s brokers
- Developing and sustaining solid relationships with the company stakeholders and customers
- Work with Head of sales within the company to identify business opportunities and help deliver AOP
- Act Relationship Manager to broker channel
- Generate leads from existing customers to cross sell alternative products to strengthen the relationships
- Develop new relationships with brokers to cross sell our propositions
- Ensure high level of professional communication and services practiced with existing brokers customers and the potential ones
- Ensure adherence to SLA’s with the brokers
- Analyzing customer feedback data to determine whether customers are satisfied with company products and services
- Providing insight into product development and competitive positioning
- Conducting market research to identify new business opportunities
- Collaborating with company executives to determine the most viable, cost-effective approach to pursue new business opportunities
Business Development Officer – Broker Relationship
Sabb Takaful Co.
Riyadh, Riyadh Region
01.2021 - 10.2022
- Currently working as Business development officer for broker relations main areas are to develop and execute strategies to increase business sales and profits
- Duties also include researching market trends and opportunities, developing business and marketing plans, and meeting with potential and existing client’s brokers
- Developing and sustaining solid relationships with the company stakeholders and customers
- Work with Head of sales & Marketing within the company to identify business opportunities and help deliver AOP
- Act Relationship Manager to broker channel
- Generate leads from existing customers to cross sell alternative products to strengthen the relationships
- Develop new relationships with brokers to cross sell our propositions
- Ensure high level of professional communication and services practiced with existing brokers customers and the potential ones
- Ensure adherence to SLA’s with the brokers
- Analyzing customer feedback data to determine whether customers are satisfied with company products and services
- Providing insight into product development and competitive positioning
- Conducting market research to identify new business opportunities
- Collaborating with company executives to determine the most viable, cost-effective approach to pursue new business opportunities
Account Executive
AON Saudi Arabia LLC
Riyadh, Riyadh Region
05.2013 - 12.2020
- Worked as Employee Benefits department and typical activities include maintaining and developing meaningful business relationships with existing clients and insurers
- Manage an assigned portfolio of clients with the overall responsibility of managing all aspect of client servicing
- Developing and managing existing client base
- Sustaining an extensive network of referral resources and relevant business influences
- Preparing strategy plans as appropriate to identified client needs agree and set renewal strategy with client
- Maintaining in-depth knowledge of statistics, rules, and regulations of each insurance line
- Preparation of slips / marketing the insurance scheme / matrix analysis reporting / Presentations
- Responsible for supporting other key executives and additional support and Administrative personnel in retaining and maintaining accounts
- Designing and implementing with proactive approach service levels in order to meet and excel clients expectations
- Management of new clients, and maintaining relationships by understanding clients personal and business desires
- Sustaining an extensive knowledge of all current industry trends
- Ensuring compliance with policies/procedures and ensuring the same is in line with other regulatory requirements
- Researching policies from different insurers
- Arranging insurance cover
- Negotiates terms and conditions of placement and performs administrative support role where necessary
- Writing various underwriting, benchmarking and other reports to the clients as well as the senior management of the company
- Preparing/analyzing policy performance reports in line with client's requirement and recommended cost containment measures in line with policy utilization
- Pro active communication with all internal and external units
- Helping to change existing policies
- Preparing reports and analysis for market research
- Liaising with other insurance professionals
Business Development Executive
iProcess Inc
Benguluru, Karnataka
01.2012 - 11.2012
- Company Overview: US Based Clinical Research Organization providing clinical trial services to Pharma /Biotech and research organization across North America and Europe
- Worked as an executive from Jan’12 - Nov’12 for iProcess Inc
- Generating data of C- Level executives working in Pharmaceutical/Biotech companies for sales and business development across North America
- Maintaining data of active / non active trails companies for new business and collaboration
- Maintaining data of the subjects involved in trials
- Updating of data on monthly / quarterly manner
- Calling up executives for collaborations and new business opportunities
- Following with existing clients to ensure the collaboration is healthy and for new business opportunities
- Sending regular emails to existing client list about the services etc
- US Based Clinical Research Organization providing clinical trial services to Pharma/Biotech and research organization across North America and Europe
Client Supervisor
MARSH Insurance Re-Insurance Brokers
Riyadh, Riyadh Region
12.2010 - 11.2011
- Worked as a Client Supervisor from Dec’10 to Nov’11 for MARSH Insurance Re-Insurance Brokers
- Enrollment – Handling addition / deletion for various clients Medical and Motor, follow up on cards and other requirement from Underwriters and Clients
- Policies / Endorsement – interacting with Underwriters on issuance of policies and Endorsement for the changes effected
- Premium - issuing premium billings for Medical, Motor and General lines on timely manner to the Clients
- Follow up on Credit / Debit notes from Insurance Companies for the changes effected
- Other Activities Include
- Handling client requests on Re-issue of lost cards / certificates
- Maintaining records for all the addition / deletion for Medical and Motor
- Providing Information on requirements for addition / deletion for Medical and Motor
- Follow up with Underwriters / Client on various issue
- Follow up with Underwriters on issuance of Policies and Endorsements
- Screening of enrollee listing for missing information
- Providing Medical Insurance Certificates to clients
- Coordinating forwarding same to the client upon receipt
- Co-ordinate with clients on incomplete information for addition / deletion
- Follow up with client on premium payments
Claims Coordinator – Credit Life Department
American Life Insurance Co (Alico)
Riyadh, Riyadh Region
01.2008 - 12.2010
- Worked as a Claims Coordinator - Credit Life Department, for American Life Insurance Company (ALICO)
- Job included the following
- Responsible for screening of all claim documents
- Follow-up with P/Hs on pending requirements
- Logging of claims
- Generating monthly detailed claims report
- Arranging evidence of insurability / Medical exams to underwrite loans
- Collection of data for billing purposes
- Checking age and loan eligibility
- Issuing premium billings to P/Hs
- Inquires on billings are attended
- Follow-up notices are sent ensuring collection of premium on timely basis from P/Hs
Customer Service Representative
American Life Insurance Co (Alico)
Riyadh, Riyadh Region
03.2008 - 08.2008
- Worked as a Customer Service Representative from March’08 to August’08 for American Life Insurance Co (ALICO)
- Job includes the following
- Plan Installation - Presentation of Insurance Benefits and exclusions to P/Hs' and Staff
- Policies / Endorsements - Interacting with UND Dept
- On issuance of policies
- Enrollment - Screening of Enrollee listings received from P/Hs & communicating on missing or incomplete data
- An enrollment process is in place ensuring issuance of HealthCare ID Cards
- Claims - Receiving Claims from providers & P/Hs; screening & logging complete claims and forwarding for onward processing
- A Reconciliation Process is worked out in order to resolve suspended claims and obtain sign-off from providers
- Premium - Issuing premium billings to P/Hs
- Inquires on billings are attended
- Follow-up notices are sent ensuring collection of premium on timely basis from Brokers & P/H
Education
Bachelor of Commerce - Commerce
Sabarmati University, Formally Calorx Teachers Uni
Gujarat 06.2019 - 09.2022
Cert CII - Insurance And Risk Management
Chartered Insurance Institute
London 12.2020 - 01.2021
IFCE - Insurance And Risk Management
Saudi Central Bank (SAMA)
Riyadh, 01 01.2011 - 06.2011
Certified Insurance Educational Course - Principles of Insurance : Life, Health, Annuities
LOMA
Riyadh 01.2009 - 11.2009
Certified Insurance Educational Course - Insurance Company Operations
LOMA
Riyadh 01.2009 - 11.2009
LIFE BRANCH Insurance course - Insurance Business Environment
Insurance Institute of India
India 01.2007 - 12 2007
LIFE BRANCH Insurance course - Practice of Life Assurance
Insurance Institute of India
India 01.2007 - 12 2007
LIFE BRANCH Insurance course - Principles of Insurance
Insurance Institute of India
India 01.2007 - 12 2007
Skills
Ability to operate in a changing environment
Interpersonal skills
Team-building
Leadership
Time management
Creativity
Organisational skills
Effective communication
Quality improvement techniques
Numeric skills
Problem solving
Analytical skills
Planning ability
Communication skills
Presentation skills
Personal Information
- Date of Birth: 12/29/83
- Nationality: Indian
- Marital Status: Married
Professional Skills And Achievements
- Ability to operate and thrive in a constantly changing environment and to quickly adjust to the differing needs of the organization.
- Strong interpersonal, team-building and leadership attributes strengthened by time management, creativity and organisational skills.
- Effectively communicates with line management and other departments; easily interacts with executives, clients, vendors and staff.
- Self-motivation, ability to prioritize and multi-task.
- Committed to implementing quality improvement techniques that drive business operations to success.
- Intermediate computing skills.
- High numeric, problem solving, analytical and planning ability with excellent communication and presentation skills.
Timeline
Senior Reinsurance Specialist
Arabian Sheild Insurance Co.
07.2024 - Current
Sales Broker Assistant Manager
Alinma Tokyo Marine Insurance Co.
10.2022 - 07.2024
Business Development Officer – Broker Relationship
Sabb Takaful Co.
01.2021 - 10.2022
Cert CII - Insurance And Risk Management
Chartered Insurance Institute
12.2020 - 01.2021
Bachelor of Commerce - Commerce
Sabarmati University, Formally Calorx Teachers Uni
06.2019 - 09.2022
Account Executive
AON Saudi Arabia LLC
05.2013 - 12.2020
Business Development Executive
iProcess Inc
01.2012 - 11.2012
IFCE - Insurance And Risk Management
Saudi Central Bank (SAMA)
01.2011 - 06.2011
Client Supervisor
MARSH Insurance Re-Insurance Brokers
12.2010 - 11.2011
Certified Insurance Educational Course - Principles of Insurance : Life, Health, Annuities
LOMA
01.2009 - 11.2009
Certified Insurance Educational Course - Insurance Company Operations
LOMA
01.2009 - 11.2009
Customer Service Representative
American Life Insurance Co (Alico)
03.2008 - 08.2008
Claims Coordinator – Credit Life Department
American Life Insurance Co (Alico)
01.2008 - 12.2010
LIFE BRANCH Insurance course - Insurance Business Environment
Insurance Institute of India
01.2007 - 12 2007
LIFE BRANCH Insurance course - Practice of Life Assurance
Insurance Institute of India
01.2007 - 12 2007
LIFE BRANCH Insurance course - Principles of Insurance
Insurance Institute of India
01.2007 - 12 2007