Roles and responsibilities
The Underwriting Analyst will provide strategic, commercial, and financial advice by evaluating and managing financial risks associated with policies. The incumbent will be responsible for analyzing statistical data and providing pricing, coaching, and training to our clients in line with our underwriting guidelines.
Job Responsibilities / What you do:
* Analyzes statistical data to determine probability of risks or financial impact.
* Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
* Collaborates with programmers, underwriters, accounts, claims experts, and senior management to help insurance companies develop plans for new health lines of business or improving existing health business.
* Designs, reviews, and helps administer insurance policies, determining financial soundness and calculating premiums.
* Determines policy contract provisions for health insurance.
* Develops systems to ensure compliance with the requirements of regulatory bodies.
* Assists in the development of new health products.
* Assures continuous technical profitability to risk carriers (insurance & reinsurance companies).
* Provides continuous and effective visibility to risk carriers on their portfolio status.
* Conducts pricing review, analysis, and development.
* Provides early warnings and issue recommendations on corrective measures.
* Assures high retention of clients.
* Constructs probability tables based on statistical data analysis and other pertinent information.
* Provides expertise to management, manages risks, and maximizes returns.
* Measures, monitors, and mitigates portfolio and enterprise risks.
* Oversees asset and liability modeling, product development, and profit testing.
Desired candidate profile
* Bachelor’s Degree; any financial background is required. Certificate in Actuarial Science is a plus.
* At least 5 years of work experience in data analysis, pricing, and client management; insurance industry experience is a plus.
* Proven extensive experience in creating and delivering professional and effective presentations and report-writing skills.
* Excellent English communication skills are key for this role. Arabic is a plus.
* Legally permitted to work in the country of operations.
* Fluency in MS Office (Excel, Word, Outlook, PowerPoint) and general internet navigation and research skills.
* Physically fit to carry out duties.
Key Benefits / What we offer:
Our employees play an integral part in our success as a business. We appreciate that each of our employees is unique and has unique needs and ambitions, and we enjoy being a part of their journey.
We empower and encourage you with your personal and professional development, ensuring that you take control by offering a large variety of courses and targeted development programs. All that in a global environment where international mobility and career progression are encouraged. Caring for your health and wellbeing is a key priority for us. This is why we build Work Well programs to provide you with peace of mind and give flexibility in planning and arranging for a better work-life balance.
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