| Job Location | Jeddah, Saudi Arabia |
| Education | Bachelor's degree / higher diploma |
| Salary | Not Mentioned |
| Industry | Insurance & TPA |
| Functional Area | Not Mentioned |
#Key AccountabilitiesKey Activities / Decision Areas1Launch products Service Level Agreement (SLA)?????????? Partnering with product development team to launch and execute Bupa Arabia SLA, and ensure best practice is in place.?????????? Covering the Actuarial governance side with SAMA, CCHI and Appointed actuary2Pricing New Products?????????? Lead Actuarial/technical side upon launching new products, this include but not limited to;?????????? Exploring expected population profile, partnering sales team in setting expected volumes to identify expected risk profile?????????? Identify operational bottle necks and flag it to business partners.?????????? Align priced risk with appointed actuary approach.?????????? Lead on the regulatory submission with SAMA of pricing report, which include submitting data and ensure data accuracy and proper communication with appointed actuary.?????????? Price new initiatives (i.e. Tub ups, referral matrix, service tailored TOB)?????????? Report and align actuarial rates with relevant stakeholders internally and externally.3Monitor Launched product performance????????? Launch new products P&L and benchmark against AOP.????????? Provide various financial/commercial analysis, identifying savings and cost reduction points and provide recommendations.????????? Align with product teams (Underwriting, Marketing, Sales).4Partner with business development team (BDT) and provide actuarial analysis????????? Actuarial SPOC in all business initiatives taken by BDT, by providing necessary analysis and align results with;????????? Medical and Underwriting teams, commercial analysis and operations team.????????? Provide stress test scenarios and quantify the impact of the initiatives.?????????? Support business development team with adhoc analysis and meeting deadlines.????????? Monitor launched business ideas, assess impact and drive alternative solutions.????????? Build and document the calculated cost in a model for future reference.5Business Analytics????????? Analyse existing products, propose and implement changes.????????? Price optimization for existing product, ensure competitive and healthy prices are applied.????????? Assess delivery plans and act as a financial gate keeper in launching new products cycle.
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