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Senior Manager - Corporate Pricing

Jeddah , Saudi Arabia Posted 2023/04/03 21:02:09 Expires 2023-05-15 Ref: JB4678828

Job Description

Role Purpose:

Executes the renewal pricing process and assist pricing managers in reviewing and implementing the contractual terms.

 

Key Accountabilities:

1- Renewals Workflow;

  • Prepare and check technical results of groups due for renewal on monthly basis.
  • Identify major medical conditions of groups due for renewal and bring in notice to the pricing manager and medical underwriter.
  • Supervise the preparation of quotations as per the price and product changes set by the pricing managers.

 

2- Pricing Analytics;

  • Prepare pricing analysis and related Cognos reports.

 

3- New Product Development;

  • Load the pricing of new products and set the appropriate risk controls and contribution margins.

 

4- Clients’ Reports;

  • Run the automated reports (frequent users report, management information report) and ensure that they are in line with the projected technical results.
  • Assist pricing managers in preparing ad hoc reports and technical results for major clients.

 

5- Department reports;

  • Assist in preparing the department periodical reports and maintain renewals and new business log sheets.
  • Monitor loss ratios of major accounts using Cognos reports and report on underwriting contribution on monthly basis.

 

6- Automation & Digitization;

  • Initiate automation and digitization 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 or any relevant business major

Job Details

Job Location Jeddah , Saudi Arabia
Job Role Accounting/Banking/Finance
Employment Status Full time
Employment Type Employee
Number of Vacancies 1

Preferred Candidate

Career Level / Band Entry Level
Years of Experience Min: 5
Residence Location Jeddah , Saudi Arabia
Nationality Saudi Arabia
Minimum Degree Bachelor's degree

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