Senior Pricing Actuary

Job description / Role

Job overview

The senior pricing actuary/analyst role holder involves assessing reinsurance treaties, developing and pricing products, and ensuring compliance with professional standards, while supporting cross-functional teams.

What you do:

• Reinsurance treaty assessment including setting prices, guidelines, authority etc.
• Product development including benefit design and pricing
• Assess impact of changes in benefits, guidelines, regulations etc.
• Set key actuarial assumptions like medical trend, IBNR & seasonality factors
• Underwrite large tenders and key accounts
• Experience analysis and recommend corrective actions
• Develop, test and maintain pricing tools used for underwriting
• Peer review work of colleagues
• Prepare executive summaries and detailed pricing notes, with proper documentation of methodologies
• Uphold professional standards in technical work and communicate findings to management or clients
• Support sales and business development teams in client negotiations
• Engage with claims, policy administration, tariff management teams etc.
• Ensure compliance with internal governance standards
• Streamline existing processes and develop new ones
• Train and onboard new team members

What you bring:

• Minimum of 5 exams passed from SOA, IFoA or any other reputable actuarial institute
• Bachelor's degree; actuarial science, mathematics or statistics preferred
• 4+ years of experience in the MEA health/medical line of business; UAE experience preferred
• 4+ years in actuarial pricing; experience with advanced pricing methods (e.g. GLMs) is a plus
• Advanced proficiency in Microsoft Excel is essential; strong skills in Word and VBA also required
• Experience with Power BI or Alteryx is beneficial

Skills:

• High numerical ability, with the capacity to analyse and interpret complex data
• Strong written and verbal communication skills, with the ability to explain technical concepts to both technical and non-technical audiences
• Fluent in English; proficiency in Arabic is a plus
• Physically fit to perform duties and legally permitted to work in the country

At Allianz Partners, artificial intelligence (AI) is transforming service delivery and innovation. By leveraging business intelligence and data analytics, we enhance strategic decision-making and customer experiences. Our commitment to ethical AI ensures responsible deployment, maintaining data integrity and trust. Conversational AI improves communication, while emerging technologies and generative AI drive industry leadership and new opportunities. With robust information security management, we protect sensitive information, ensuring compliance and security. Embrace the future of AI with Allianz Partners, where possibilities become realities.

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.

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.