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Job Description
Role Purpose:
Supervise the renewal pricing process and assist pricing managers in reviewing and implementing the contractual terms.
Accountabilities:
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.
Contract Implementation
- Check and verify contractual terms of initial quotations and highlight any changes in members’ data, benefits, or rates.
- Approve and implement contracts below 500 members on CRM (sage) in adherence with approved rates and terms set by pricing managers.
Clients’ Reports
- Provide monthly reports on pricing performance to the Executive Team
- 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.
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.
Skills
Years of Experience
- 0-3 years of experience
Skills Required
- Quantitive analysis
- Proficient in MS office package especially on Word and Excel.
- Have organization and time management skills
Education
Bachelor's Degree in Actuary, MIS, Mathematics, Statistics
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.