Job Overview:
The Underwriting Analyst will provide strategic commercial and financial advice by evaluating and managing financial risks associated with policies. The incumbent will be responsible to analyze statistical data and provide pricing coaching and trainings to our clients in line with our underwriting guidelines.
Job Responsibilities / What you do:
- Analyzes statistical data to determine probability of risks or financial impact.
- Ascertain premium rates required and cash reserves and liabilities necessary to ensure payment of future benefits.
- Collaborates with programmers underwriters accounts claims experts and senior management to help insurance companies develop plans for new health line of business or improving existing health business.
- Designs reviews and helps administer insurance policies determining financial soundness and calculating premiums.
- Determines policy contract provisions for health insurance.
- Develops systems to ensure compliance with the requirements of regulatory bodies.
- Assists in the development of new health products.
- Assures continuous technical profitability to risk carriers (insurance & reinsurance companies).
- Provides continuous and effective visibility to risk carriers on their portfolio status.
- Conducts pricing review analysis and development.
- Provides early warnings and issue recommendations on corrective measures.
- Assures high retention of clients.
- Constructs probability tables based on statistical data analysis and other pertinent information.
- Provides expertise to management manage risks and maximize returns.
- Measures monitors and mitigates portfolio and enterprise risks.
- Oversees asset and liability modeling product development and profit testing.
Key requirments / What you bring
- Bachelors Degree; any financial background is required. Certificate in Actuarial Science is a plus.
- At least 5 years of work experience in data analysis pricing and client management; Insurance industry is a plus.
- Proven extensive experience in creating and delivering a professional and effective presentation and reportwriting skills.
- Excellent English communication skills is a key for this role. Arabic is a plus.
- Legally permitted to work in the country of operations.
- Fluency in MS Office (Excel Word Outlook PowerPoint) and general internet navigation and research skills.
- Physically fit to carry out duties.
Key Benefits / What we offer:
Our employees play an integral part in our success as a business. We appreciate that each of our employees are unique and have unique needs ambitions and we enjoy being a part of their journey.
We are there to empower and encourage you with your personal and professional development ensuring that you take control by offering a large variety of courses and targeted development programs. All that in a global environment where international mobility and career progression are encouraged. Caring for your health and wellbeing is key priority for us. This is why we build Work Well programs to providing you with peace of mind and give the flexibility in planning and arranging for a better worklife balance.
56125 Underwriting Professional NonExecutive Allianz Partners FullTime Permanent
Allianz Partners Introduction:
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.
Join us. Lets care for tomorrow.
Area of Expertise: Underwriting
Employing Entity: NEXTCARE Claims Management LLC
Remote Job: Hybrid working
Employment Type: Permanent
Position Cluster: NonExecutive
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