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Job Description
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Role Purpose |
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To ensure that the pricing practices by both the Corporate and Retail pricing teams are adequate and compliant with the internal and external policies and procedures, identifying gaps or needed improvements with underwriting standards and processes and effectively meet quality goals and work in the best interest of Bupa Arabia. |
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Key Accountabilities |
Key Activities / Decision Areas |
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1 |
Policy and Procedures |
· Own the creation and amendments of the policy and procedures for the reinsurance and underwriting practices related to corporate and SME. · Ensure that all policies and procedures are implemented and enforced. · Ensure that those procedures are monitored through periodic reviews and all underwriting practices are up-to-date and compliant with the latest updates by the regulators. · Communicate to pricing team the latest updates by the regulators. |
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Audit Trials |
· Ensure effective embedded controls to detect inappropriate underwriting practices. · Manage all internal audit discussions, observations and management responses for the commercial finance observations. · Team up with the compliance and risk departments in order to ensure the pricing functionality is compliant with the regulators (SAMA/CCHI). |
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Pricing Intelligence |
· Lead the development of live dashboards and analytical reports in CRM and COGNOS for the Commercial Finance team and CET team. |
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4 |
Department Reports |
· Publish periodic & ad-hoc reports internally and externally such as but not limited to: - Sales report, - Lives report, - Risk Register, - RBS. |
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Documentation |
· Ensure proper documentation and record keeping across the Pricing department. |
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Automation & Digitization |
· Increase the team’s productivity by automating and digitizing pricing and reporting activities. · Leverage technology solutions to further strengthen the pricing control environment. |
Skills
- Quantitative analysis.
- Accounting, Finance, and exposure to Underwriting and/or Insurance Industry.
Education
Mathematic/ Actuarial Science / Finance / Economics.
Job Details
Preferred Candidate
About This Company
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.
