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Gross monthly salary in Saudi Arabia is
10,000
20,000
 
10% earn less 8,651 SAR
10% earns more 28,080 SAR
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Description of job position

  • 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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Position Reinsurance Specialist - Insurance in the labour market

In the salary ranking,
the job position takes

Women representation in position

Average age of respondent by position

662. place

Cleaner

General labour

Salary group 1

2,000 - 4,630 SAR

168. place

Inspection Technician

Electrical & Power Engineering

Salary group 2

10,175 - 25,823 SAR

167. place

Reinsurance Specialist

Insurance

Salary group 2

8,651 - 28,080 SAR

166. place

Junior Project Manager

Management

Salary group 2

7,072 - 30,451 SAR

1. place

Managing Director

Top Management

Salary group 3

17,968 - 102,906 SAR

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  • Salary on position by region*, education, practice, business size
  • Total salary and its components* (variable component, commissions, rewards)
  • Responder distribution to payroll
  • Salary ranges expressed by 1st decile, 1st quartile, median, 3rd quartile, 9th decile, and average wage.
  • Detailed breakdown of all monitored non-financial benefits provided*
  • Financial benefit analysis*
  • * available when regression model is used