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Manager - Corporate Pricing

Jeddah , Saudi Arabia Posted 2022/05/16 06:37:09 Expires 2022-06-29 Ref: JB4513217

Job Description

  • Provide precise assessment of risk to support Relationship Team in achieving the highest retention rates for profitable business.
  • Estimate the impact of product changes on the contract performance and revise premiums accordingly.
  • Agree on final corporate renewal rates.
  • Discuss, negotiate, and explain quotations and technical results to Relationship Team to ensure complete understanding and agreement on final prices and product changes.
  • Revisit the benefits of high loss ratio accounts and recommend product changes and/or adequate price increases to enhance profitability.
  • Evaluate the risk profile and set the adequate premiums using the pricing model and product specifications provided by the Account Managers.
  • Follow the pricing policy guidelines to consider and approve additional benefits over and above the regulated CCHI policy.
  • Coordinate with the corporate renewal pricing team to ensure accurate interpretation of results.
  • Adjust periodically the pricing model and the loading factors according to the provider trends and their movements among the networks.
  • Prepare related Cognos reports
  • Manage the automated reports (frequent users report, management information report) and ensure that they are in line with the projected technical results.
  • Provide and support Relationship Team with customized reports that evaluate contracts experience and attribution.
  • Manage the monthly reports and provide updates of the department KPI’s (retention rate, price increases…)
  • Conduct simulations and reports to support management in setting the pricing strategy.
  • Manage the payment flexibility terms for renewals and new business contracts.

Skills

  • Quantitative Analysis
  • Mathematics, Statistics, Finance, Underwriting
  • Arabic speaking preferably
  • High English language proficiency and communication skills

Education

Degree in Mathematics, Actuarial Science, Finance

Job Details

Job Location Jeddah , Saudi Arabia
Job Role Finance and Investment

Preferred Candidate

Career Level / Band Mid Career
Years of Experience Min: 3 Max: 7
Residence Location Jeddah , Saudi Arabia
Nationality Saudi Arabia
Minimum Degree Bachelor's degree

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