Pricing and Data Analyst Specialist

Walaa Cooperative Insurance Company; Eastern Province; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading insurance company in Saudi Arabia is seeking a Pricing and Data Analyst Specialist. The ideal candidate will develop pricing models, perform detailed portfolio analyses, and work closely with actuarial teams to enhance pricing efficiencies. Candidates should have a Bachelor Degree in Actuarial Science, 2-3 years of experience, and strong analytical and problem-solving skills. Proficiency in Microsoft products and analytical tools is also required.

Qualifications

• 2-3 years of relevant experience in pricing analysis.
• Strong understanding of pricing methodologies in the insurance market.
• Ability to work closely with actuarial and underwriting teams.

Responsibilities

• Develop and revise SME pricing models and perform portfolio analysis.
• Produce performance reports and dashboards for stakeholders' decision-making.
• Introduce efficient pricing procedures for the underwriting team.
• Monitor distribution channels' performance and report irregularities.

Skills

Quantitative skills

Analytical skills

Problem-solving skills

Communication skills

Interpersonal skills

Organizational skills

Education

Bachelor Degree in Actuarial Science

Midway to Associateship

Tools

Microsoft Excel

Microsoft Access

VBA

SQL

Python

R

Tableau

Job description

About the job

Walaa insurance Company is seeking a Pricing and Data Analyst Specialist.

Duties and Responsibilities

• Develop SME pricing model with all related functions incl. regular pricing revision, performance monitoring, performance reporting etc.
• Perform Motor portfolio analysis and produce regular performance reports and dashboards to support stakeholder decision-making like overall performance, policy level loss ratio, technical results, providers’ unit cost etc.
• Perform all type of analysis (portfolio level) that covers highest utilized services, diseases, providers etc.
• Help improving underwriting practice by introducing standard and efficient pricing procedures that will be used by underwriting team
• Work closely with actuarial and underwriting team to support development and implementation of pricing tools for corporate business
• Work to improve internal processes and systems based on the outcome of generated analysis and reports
• Ensure capturing recent pricing methodologies adapted in Saudi market and support improving the pricing efficiency by exploring new pricing factors, new discounts elements etc.
• Recommend initiatives to enhance profitability for all business lines of Motor.
• Provide support in monitoring the performance of all distribution channels and report any irregularities arise

Skills

Education

• Bachelor Degree in Actuarial Science.
• Midway to Associateship.

Experience

• 2-3 Years

Personal Attributes / Skills

• Excellent quantitative, analytical, and problem-solving skills.
• Superior to excellent communication, interpersonal and organizational skills
• High degree of self-motivation and creative problem solving

Others

• Knowledge of Microsoft Products (Excel, Access, VBA)
• Knowledge of SQL/Python/R/Tableau, or desire to learn