Manager – Actuarial

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Key Accountabilities

Key Activities / Decision Areas

1

Launch products Service Level Agreement (SLA)

·          Partnering with product development team to launch and execute Bupa Arabia SLA, and ensure best practice is in place.

·          Covering the Actuarial governance side with SAMA, CCHI and Appointed actuary

2

Pricing New Products

·          Lead Actuarial/technical side upon launching new products, this include but not limited to;

·          Exploring expected population profile, partnering sales team in setting expected volumes to identify expected risk profile

·          Identify operational bottle necks and flag it to business partners.

·          Align priced risk with appointed actuary approach.

·          Lead on the regulatory submission with SAMA of pricing report, which include submitting data and ensure data accuracy and proper communication with appointed actuary.

·          Price new initiatives (i.e. Tub ups, referral matrix, service tailored TOB)

·          Report and align actuarial rates with relevant stakeholders internally and externally.

3

Monitor Launched product performance

·         Launch new products P&L and benchmark against AOP.

·         Provide various financial/commercial analysis, identifying savings and cost reduction points and provide recommendations.

·         Align with product teams (Underwriting, Marketing, Sales).

4

Partner with business development team (BDT) and provide actuarial analysis

·         Actuarial SPOC in all business initiatives taken by BDT, by providing necessary analysis and align results with;

·         Medical and Underwriting teams, commercial analysis and operations team.

·         Provide stress test scenarios and quantify the impact of the initiatives.

·         Support business development team with adhoc analysis and meeting deadlines.

·         Monitor launched business ideas, assess impact and drive alternative solutions.

·         Build and document the calculated cost in a model for future reference.

5

Business Analytics

·         Analyse existing products, propose and implement changes.

·         Price optimization for existing product, ensure competitive and healthy prices are applied.

·         Assess delivery plans and act as a financial gate keeper in launching new products cycle.