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Job Description
Role Purpose:
Accountable for running periodic regulatory reports, a supporting role for the monthly reserving exercise and ensure delivering external and internal reports by meeting deadlines.
1-Management Reporting:
- Execute all month-end reporting Netbilled Summary, ensuring adequacy of Technical reserves and performing necessary actuarial analysis.
- Implement existing technical models to evaluate expected reserves and ensure timely submission in accordance with regulatory presentation.
- Execute the AOP and outlook modelling
- Partnering with necessary departments to ensure capturing all risks related to claims and premium reserves.
2-Regulatory Reporting:
- Ensure meeting regulatory reports deadlines and follow up queries.
- Engaging with external partners to ensure adequate model is in place and utilize it internally.
- Support the business representatives to address all queries through the governed lines of communication
- Execute newly established regulatory practices and ensure proper documentation is in place.
3-Data Management and Enhancements:
- Implement solutions for modelling and reporting challenges.
- Maintaining data and model governance.
- Develop and document data model elements and maintain high quality database
4-Team Leadership:
- Cyclical KT sessions with actuaries to ensure knowledge transfer.
- Present business updates and support team in learning (NBS, quarterly reserving and Business trends analysis)
5-Business Intelligence:
- Carry out current forecasting methods and develop methodologies to accommodate different business risks.
- Monitor inflation/business trends (i.e. mix impact) and ensure alignment with operation finance
- Preform relevant co-insurance and reinsurance treatments upon reporting financial results.
- Execute business intelligence tool to help the business succeed as a holistic progressive finance function. (i.e. Back-testing report, Shortfall reconciliation, reserving adequacy tests).
6-Business Support:
- Carry out analysis of existing and newly launched products
- Support regulatory financial initiatives (i.e. IFRS17) and ensure project delivery.
- Support reinsurance team in reporting and analysis.
Skills
- Strong MS Office skills.
- Excellent SAS/SQL/Excel VBA skills
- Extensive knowledge of statistical modelling techniques such as regression, seasonality analysis and others.
- Strong data management and analytical reporting skills.
- Good progress with actuarial exam (Preferred).
- Strong presentation and communication skills.
- Process and results oriented.
- High attention to detail.
Education
Actuarial Science
Job Details
Preferred Candidate
Bupa Arabia
Bupa Arabia is a healthcare insurance company based in the Kingdom of Saudi Arabia. We are an associate business of Bupa Group, which is a global healthcare company with an international reach that extends across multiple business operations, practices, and resources.
Founded in October 1997, Bupa Arabia was initially established through a partnership between Bupa Global International and Nazer Group, with the key focus to provide health insurance services with high quality and competitive prices, while ensuring a distinctive experience for customers. Bupa Arabia has since evolved into a fully Saudi-owned and operated company. Our transformation from a joint venture into a publicly traded company on the Saudi Stock Exchange occurred in 2008, as we made 40% of our shares available to the public during our Initial Public Offering (IPO).
As a subsidiary of the global Bupa Group, we draw upon international expertise while maintaining a profound understanding of local healthcare requirements and regulations. This allows us to offer comprehensive healthcare insurance solutions tailored to the unique needs of the Saudi Arabian market.
Bupa Arabia prides itself on its commitment to the wellbeing and development of its employees, providing them with the same standard of care, support, and professionalism that it expects to be delivered to its customers.
Our core values shape every aspect of our work and culture:
Commit – Own it with accountability and urgency.
Collaborate – Win together through cross-functional synergy.
Care – Put people first, both employees and customers.
