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Sr. Officer - Pricing

Jeddah , Saudi Arabia Posted 2021/10/14 07:26:26 Expires 2021-12-13 Ref: JB4439863

Job Description

Role Purpose:

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


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.


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


Bachelor's Degree in Actuary, MIS, Mathematics, Statistics

Job Details

Job Location Jeddah , Saudi Arabia
Job Role Accounting/Banking/Finance

Preferred Candidate

Career Level / Band Entry Level
Years of Experience Min: 0 Max: 3
Minimum Degree Bachelor's degree

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