Insurance

Salary for position Reinsurance Specialist in Saudi Arabia

Gross monthly salary in Saudi Arabia is

An employee's salary is influenced by several factors, primarily the region in which they work, length of experience, company size, and more.
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80% of people earn:

6,523 - 22,658 SAR

10% earn less lthan 6,523 SAR

10% earns more than 22,658 SAR

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What does the data in the graph mean?

Salaries in the survey are expressed in gross.

Based on the Saudiarabia.paylab.com salary survey, 80% of people on the Reinsurance Specialist position in the Saudi Arabia earn between 6,523 SAR and 22,658 SAR monthly gross.

10% of employees earn less than 6,523 SAR and 10% of people earn more than 22,658 SAR.

The survey is based on data from employees, cleaned of extreme and duplicate values. By taking a free, anonymous survey, you will get a more accurate salary comparison with other people working in the same position as you.

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What kind of work does Reinsurance Specialist typically do

Processing the proposals of the company’s actuarial capacity to ensure individual risk groups.
Drafting reinsurance program proposals (obligatory reinsurance).
Negotiating the terms of reinsurance agreements with reinsurers, and ensuring compliance.
Defining the parameters of reinsurance contracts in the information system.
Preparing specifications for the IT processing of reinsurance risks in the information system.
Ensuring commutation (termination) processes of proportional reinsurance contracts.
Providing expert consultation of policy conditions regarding individual business cases for departments developing insurance products.
Ensuring facultative reinsurance and special acceptances for individual risks.
Reimbursing premiums and settling the performance of reinsurers.
Preparing documents for accounting.
Preparing analyses and reports for the reinsurers, board, auditors, and supervising bodies of the company.

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The most common career path of an employee

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Position Reinsurance Specialist in the labour market

In the salary ranking,
the job position takes

167. place

Women representation in position

n/a

Average age of respondent by position

n/a

672. place

Cleaner

General labour

2,000 - 3,681 SAR

168. place

Internal Auditor

Banking

5,660 - 23,879 SAR

167. place

Reinsurance Specialist

Insurance

6,523 - 22,658 SAR

166. place

Financial Markets Specialist

Economy, Finance, Accountancy

7,884 - 20,746 SAR

1. place

Chief Executive Officer

Top Management

22,116 - 103,071 SAR

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What does a salary report contain?

Salary for the position by region, education, experience, company size, age
Distribution of respondents into wage bands
Salary range from 1st to 9th decile
A breakdown of all monitored non-financial benefits
Analysis of financial benefits

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