Underwriting Analyst - Allianz Partners

Talent Pal; Dubai; On-site; AED 220,000 - 294,000; Full time

Job summary

A leading insurance and asset management firm is seeking an Underwriting Analyst to evaluate and manage financial risks associated with policies. You will analyze statistical data to determine risks, set premium rates, and collaborate with various teams to design effective insurance solutions. The ideal candidate has a Bachelor’s degree, 5+ years in data analysis and pricing, and excellent communication skills in English. This role offers opportunities for professional development in a supportive environment.

Benefits

Professional development programs

Flexible work-life balance

Health and wellbeing programs

Qualifications

• Bachelor’s Degree in financial sector or related discipline.
• 5+ years experience in data analysis, pricing, and client interaction.
• Strong report-writing and presentation skills in English.

Responsibilities

• Analyze statistical data to evaluate risks.
• Determine necessary premium rates and reserves.
• Collaborate with various stakeholders for insurance planning.
• Design and administer insurance policies.

Skills

Data analysis

Pricing strategy

Client management

Presentation skills

Communication in English

General internet navigation

Education

Bachelor’s Degree in Finance or related field

Certificate in Actuarial Science

Tools

MS Office (Excel, Word, PowerPoint)

Job description

Job Overview

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 line 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.
• 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, manage risks and maximize returns.
• Measures, monitors, and mitigates portfolio and enterprise risks.
• Oversees asset and liability modeling, product development, and profit testing.

Key Requirements / What you bring

• 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 is a plus.
• Proven extensive experience in creating and delivering a professional and effective presentation and report-writing skills.
• Excellent English communication skills is a 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.

Benefits

Our employees play an integral part in our success as a business. We appreciate that each of our employees are unique and have unique needs, ambitions and we enjoy being a part of their journey. We are there to 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 key priority for us. This is why we build Work Well programs to provide you with peace of mind and give the flexibility in planning and arranging for a better work‑life balance. 56125 | Underwriting | Professional | Non‑Executive | Allianz Partners | Full‑Time | Permanent Allianz Partners Introduction : Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.

Equal Opportunity Employer

We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.

Join us. Let's care for tomorrow.