ACTUARIAL ANALYST

Dubai, UAE

About the Company

A leading Insurance Company based in Dubai is looking for an Actuarial Analyst to join their team.

About the Role

  • Develop pricing for new products as proposed by CHO and senior management
  • Monitor pricing adequacy of existing health insurance products of the company on an ongoing basis, make recommendations to CHO for alterations to pricing as necessary on a timely basis
  • Develop actuarial group rating models and tools , in coordination with underwriting and claims teams, for use by underwriting staff
  • Develop associated dynamic portfolio evaluation / decision support models
  • Perform financial feasibility, performance and scenario modelling on product proposals
  • Monitor portfolio performance on a regular basis and provide adequate and timely reporting to CHO, for stratified categories of the portfolios, and make recommendations for new/additional stratifications on basis of monitoring
  • Monitor Third Party Administrator performance in line with targets and KPIs developed with CHO and other management
  • Review existing reinsurance structures and propose enhancements or new structures to optimise performance / minimise risks
  • Develop rating tools / matrices, based on actuarial principles, for areas of operations identified  by the CHO
  • Support Business Intelligence team as applicable in developing, optimising and utilising business intelligence and management tools as relates to health insurance activities
  • Support claims team in creating and operating supplier performance and tariff application models/tools
  • Evaluate existing database  and dataset structures, reports etc. and recommend enhancements or additions to meet the company’s needs and improve data transparency and availability
  • Other tasks as specified from time to time by the CHO

About the Individual

  • Prior experience either in pricing, portfolio analysis or reserving within a medical insurance context required, with experience of credibility rating required
  • Prior experience or knowledge of other care covers (e.g.critical illness, income protection, LTC) preferable
  • Knowledge of GLM models, regression models required
  • Prior experience of reinsurance preferable
  • MS Excel and VBA proficient as minimum
  • Experience in SQL
  • Knowledge of SAS, Prophet or R preferable
  • Previous experience or knowledge of machine learning, neural networks etc. preferable
  • Candidate must demonstrate strong analytical capabilities, ability to communicate with management and external stakeholders
  • Candidate must demonstrate experience of working with large datasets

Salary

Salary commensurate based on Candidates’ experience

Benefits

An excellent bonus scheme and other benefits

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Karan Seernani

Recruitment Associate

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