Senior Pricing Actuary

Job description / Role

Insurance

Job overview

The senior pricing actuary/analyst role holder involves assessing reinsurance treaties, developing and pricing products, and ensuring compliance with professional standards, while supporting cross-functional teams.

What you do:

• Reinsurance treaty assessment including setting prices, guidelines, authority etc.
• Product development including benefit design and pricing.
• Assess impact of changes in benefits, guidelines, regulations etc.
• Set key actuarial assumptions like medical trend, IBNR and seasonality factors.
• Underwrite large tenders and key accounts.
• Experience analysis and recommend corrective actions.
• Develop, test and maintain pricing tools used for underwriting.
• Peer review work of colleagues.
• Prepare executive summaries and detailed pricing notes, with proper documentation of methodologies.
• Uphold professional standards in technical work and communicate findings to management or clients.
• Support sales and business development teams in client negotiations.
• Engage with claims, policy administration, tariff management teams etc.
• Ensure compliance with internal governance standards.
• Streamline existing processes and develop new ones.
• Train and onboard new team members.

What you bring:

• Minimum of 5 exams passed from SOA, IFoA or any other reputable actuarial institute.
• Bachelor's degree; actuarial science, mathematics or statistics preferred.
• 4+ years of experience in the MEA health/medical line of business; UAE experience preferred.
• 4+ years in actuarial pricing; experience with advanced pricing methods (e.g. GLMs) is a plus.
• Advanced proficiency in Microsoft Excel is essential; strong skills in Word and VBA also required.
• Experience with Power BI or Alteryx is beneficial.

Skills:

• High numerical ability, with the capacity to analyse and interpret complex data.
• Strong written and verbal communication skills, with the ability to explain technical concepts to both technical and non-technical audiences.
• Fluent in English; proficiency in Arabic is a plus.
• Physically fit to perform duties and legally permitted to work in the country.

Embrace the future of AI with Allianz Partners, where possibilities become realities.

About the Company

We have our largest operational presence in Europe, and our parent company, Allianz SE, is headquartered in Munich, Germany. From jobs in Actuarial, Business and IT to Inhouse Consulting and Investment Management - your opportunities are endless!

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