Senior Pricing Actuary

NEXTCARE Claims Management LLC; Dubai; On-site; AED 250,000 - 300,000; Full time

Job summary

A leading insurance firm in Dubai is seeking a Senior Pricing Actuary to assess reinsurance treaties, develop product pricing, and ensure compliance with professional standards. The ideal candidate must have passed at least 5 actuarial exams and possess significant experience in the MEA Health/Medical sector. Proficiency in Microsoft Excel and strong communication skills are essential for this role. Join us to contribute to innovative insurance solutions!

Qualifications

• Minimum of 5 exams passed from SOA, IFoA, or other reputable actuarial institutes.
• At least 4 years of experience in the MEA Health/Medical line of business; UAE experience preferred.
• At least 4 years of experience in actuarial pricing; experience with advanced methods like GLMs is a plus.

Responsibilities

• Assess reinsurance treaties, including setting prices and guidelines.
• Develop products, including benefit design and pricing.
• Analyze experience and recommend corrective actions.

Skills

Strong numerical ability

Excellent written and verbal communication

Fluent in English

Proficiency in Arabic

Education

Bachelor’s degree in Actuarial Science, Mathematics, or Statistics

Tools

Microsoft Excel

Word

VBA

Power BI

Alteryx

Job description

Senior Pricing Actuary

Job Overview

The Senior Pricing Actuary/Analyst will involve assessing reinsurance treaties, developing and pricing products, and ensuring compliance with professional standards, while supporting cross-functional teams.

What you do:

1. Assess reinsurance treaties, including setting prices, guidelines, and authority levels.
2. Develop products, including benefit design and pricing.
3. Assess impacts of changes in benefits, guidelines, and regulations.
4. Set key actuarial assumptions such as medical trends, IBNR, and seasonality factors.
5. Underwrite large tenders and key accounts.
6. Analyze experience and recommend corrective actions.
7. Develop, test, and maintain pricing tools for underwriting.
8. Conduct peer reviews of colleagues' work.
9. Prepare executive summaries and detailed pricing notes, documenting methodologies properly.
10. Uphold professional standards in technical work and communicate findings effectively to management or clients.
11. Support sales and business development teams in client negotiations.
12. Engage with claims, policy administration, and tariff management teams.
13. Ensure compliance with internal governance standards.
14. Streamline existing processes and develop new ones.
15. Train and onboard new team members.

What you bring:

1. Minimum of 5 exams passed from SOA, IFoA, or other reputable actuarial institutes.
2. Bachelor’s degree in Actuarial Science, Mathematics, or Statistics preferred.
3. At least 4 years of experience in the MEA Health/Medical line of business; UAE experience preferred.
4. At least 4 years of experience in actuarial pricing; experience with advanced methods like GLMs is a plus.
5. Advanced proficiency in Microsoft Excel; strong skills in Word and VBA are required.
6. Experience with Power BI or Alteryx is beneficial.

Skills:

1. Strong numerical ability to analyze and interpret complex data.
2. Excellent written and verbal communication skills, with the ability to explain technical concepts clearly.
3. Fluent in English; proficiency in Arabic is a plus.
4. Physically fit and legally permitted to work in the country.

At Allianz Partners, we leverage AI and data analytics to enhance service delivery, decision-making, and customer experiences. We are committed to Ethical AI, ensuring responsible deployment, data integrity, and trust. Our innovations include Conversational AI, Emerging Technologies, and Generative AI, driving industry leadership. We prioritize information security to protect sensitive data and ensure compliance.

Job Details:

• Job ID: 78511
• Department: Underwriting
• Type: Full-Time, Permanent, Professional, Non-Executive
• Location: Allianz Partners

About Allianz Group: We are a trusted insurance and asset management company, committed to diversity and inclusion. We foster an environment where everyone can grow and contribute to a better future for our customers and the world.

We welcome applications from all backgrounds and identities. Join us and let's care for tomorrow.