Pricing Actuarial Analyst Job Vacancy in UAE Dubai
Posted date [2024-08-18]
(ID: 31371)
We deeply believe that people progress in life when they don’t brace themselves for the worst but prepare for the best.
The Allianz Group is one of the leading integrated financial services providers worldwide. Here you can learn more about who we are and what we do. |
Allianz Partners is seeking a part qualified Actuary to join their Pricing team.
This position will sit in the actuarial pricing team responsible for the Individual and SME book of Allianz Partners International Private Medical Insurance (IPMI) portfolio. Reporting to the Assistant Pricing Manager, the successful candidate will split their time across various projects focused on implementing Az Partners strategy, such as launching new solutions and expanding into new territories, while also maintaining the current book of business.
The successful candidate will need to be self-motivated with a strong can-do attitude. The ability to adapt quickly to a fast paced environment is essential. Experience in a product and pricing role is desirable, but not essential.
Allianz Partners are an industry leading IPMI insurer, who are going through a phase of rapid expansion. This role offers the successful candidate an opportunity to develop their skills, while working on varied projects across a product suite spanning multiple geographies.
RESPONSIBILITIES
Responsibilities will include, but are not limited to, the following:
- Work closely with key stakeholders to develop and refine product and pricing propositions to meet internal and external requirements
- Participate in strategic projects where pricing input is required
- Support the preparation of strategic business case analysis to understand and achieve a desirable balance of growth/profitability
- Provide technical pricing support and analysis for key business projects
- Assist in the determination of suitable premiums for new products to facilitate entry into new markets and territories
- Provide comprehensive experience analysis to enable the company to develop a deep understanding of the emerging experience
- Communication and presentation of results of analysis to senior management and various stakeholders
- Development of reports to further automate dissemination of information across business teams
- Manage the accurate and timely implementation of premium rate structures on policy administration and quotation systems
- Ensure appropriate controls, policies and documentation are maintained to ensure all legal, regulatory and compliance requirements are satisfied
- Lead the Actuarial Function and ensure that it is adequately resourced in terms of human resources, systems and other technical resources to ensure efficient and cost effective service delivery and foster a culture of continuous improvement in the Function
- Ensure the appropriateness of the methodologies, underlying models and assumptions made in the calculation of premium rates
- Look to develop a number of areas of technical excellence, participating in the learning and development required to support the growth of these fields of expertise.
REQUIREMENTS
The successful candidate for this position will need to have the following skills/ experience:
- Part Qualified Actuary - 2 to 3 years industry experience
- Strong organizational, analytical and time management skills
- Ability to liaise with and coordinate efforts of both those with whom there is and is not a direct reporting relationship
- Ability to work independently and resolve complex problems without direct supervision.
- Excellent communication skills, with the ability to explain complicated processes and concepts to non-experts
- Prior experience in a pricing or product development role is desirable, but not essential.
- Experience of Excel, SQL, Python and/or Power BI advantageous
45521 | Underwriting | Professional | Non-Executive | Allianz Partners | Full-Time | Permanent
Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.
We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.
We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.
Great to have you on board. Let's care for tomorrow.
Note: Diversity of minds is an integral part of Allianz company culture. One means to achieve diverse teams is a regular rotation of Allianz Executive employees across functions, Allianz entities and geographies. Therefore, the company encourages its employees to have motivation in gaining varied skills from different positions and to collect experiences from across Allianz Group.
This position will sit in the actuarial pricing team responsible for the Individual and SME book of Allianz Partners International Private Medical Insurance (IPMI) portfolio. Reporting to the Assistant Pricing Manager, the successful candidate will split their time across various projects focused on implementing Az Partners strategy, such as launching new solutions and expanding into new territories, while also maintaining the current book of business.
The successful candidate will need to be self-motivated with a strong can-do attitude. The ability to adapt quickly to a fast paced environment is essential. Experience in a product and pricing role is desirable, but not essential.
Allianz Partners are an industry leading IPMI insurer, who are going through a phase of rapid expansion. This role offers the successful candidate an opportunity to develop their skills, while working on varied projects across a product suite spanning multiple geographies.
RESPONSIBILITIES
Responsibilities will include, but are not limited to, the following:
- Work closely with key stakeholders to develop and refine product and pricing propositions to meet internal and external requirements
- Participate in strategic projects where pricing input is required
- Support the preparation of strategic business case analysis to understand and achieve a desirable balance of growth/profitability
- Provide technical pricing support and analysis for key business projects
- Assist in the determination of suitable premiums for new products to facilitate entry into new markets and territories
- Provide comprehensive experience analysis to enable the company to develop a deep understanding of the emerging experience
- Communication and presentation of results of analysis to senior management and various stakeholders
- Development of reports to further automate dissemination of information across business teams
- Manage the accurate and timely implementation of premium rate structures on policy administration and quotation systems
- Ensure appropriate controls, policies and documentation are maintained to ensure all legal, regulatory and compliance requirements are satisfied
- Lead the Actuarial Function and ensure that it is adequately resourced in terms of human resources, systems and other technical resources to ensure efficient and cost effective service delivery and foster a culture of continuous improvement in the Function
- Ensure the appropriateness of the methodologies, underlying models and assumptions made in the calculation of premium rates
- Look to develop a number of areas of technical excellence, participating in the learning and development required to support the growth of these fields of expertise.
REQUIREMENTS
The successful candidate for this position will need to have the following skills/ experience:
- Part Qualified Actuary - 2 to 3 years industry experience
- Strong organizational, analytical and time management skills
- Ability to liaise with and coordinate efforts of both those with whom there is and is not a direct reporting relationship
- Ability to work independently and resolve complex problems without direct supervision.
- Excellent communication skills, with the ability to explain complicated processes and concepts to non-experts
- Prior experience in a pricing or product development role is desirable, but not essential.
- Experience of Excel, SQL, Python and/or Power BI advantageous
45521 | Underwriting | Professional | Non-Executive | Allianz Partners | Full-Time | Permanent
Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.
We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.
We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.
Great to have you on board. Let's care for tomorrow.
Note: Diversity of minds is an integral part of Allianz company culture. One means to achieve diverse teams is a regular rotation of Allianz Executive employees across functions, Allianz entities and geographies. Therefore, the company encourages its employees to have motivation in gaining varied skills from different positions and to collect experiences from across Allianz Group.
