Senior Pricing Analyst - Actuary
Job Description
Job Purpose To analyze data and support pricing strategies, ensuring competitive and profitable pricing to optimize business performance.
Key Responsibilities & Accountabilities
All Products: Provide a reliable actuarial production service. Document all work produced thoroughly. Validate system generated data related to pricing and reports. Create, check and maintain quotation tools. Create and Maintain dashboard and monitoring tools. Develop, maintain and supervise/use technical pricing models. Create formal actuarial reports and regulator correspondences. Manage Actuarial interaction with other departments. Review and Update departmental procedures regularly. Comply with AXA’s Risk Management framework and fulfilling all necessary requirements. Provide assistance in departmental work planning. Design, delegate and check of bespoke management information requests as required. Check thoroughly the output generated by Actuarial Analysts. Mentor Actuarial Analysts and interns; including delegation of work, induction planning and assisting with work planning. Create and present basic actuarial training modules. Perform all other duties assigned by manager.
For Retail and Pre-Underwritten Products:
Assist in products development, pricing, and portfolio reviews. Set assumptions for pricing and valuation purposes. Project future earnings of current products and new/potential products. Undertake regular experience analysis. Conduct quantitative and qualitative research into pricing rates related events to ensure products are priced accurately and relevant parties informed of future product development trends. Recommend pricing that meets corporate profitability targets, including negotiated exceptions up to the level of delegated authority.
For Commercial products:
Set the fixed parameters and assumptions for pricing
Skills
Education / Certification Bachelor’s Degree in Mathematics, Statistics, Actuarial Science (preferable) or Engineering. Actuarial exam passes are a plus. Advance towards qualification as a Fellow of the Society or Institute of Actuaries. 2-3 years in Risk Management, Actuarial or another technical functions in an insurance or reinsurance company.
Skills & Competencies:
Highly numerate, analytical, and attentive to detail. Excellent English and Arabic language skills (Verbal and Written). A good understanding of actuarial concepts and analysis. Advanced knowledge of Microsoft Excel and R. Knowledge of Access and VBA. A detailed understanding of all AXA existing products and policy conditions. A thorough understanding of actuarial concepts and analysis. A high-level understanding of AXA’s pricing practices. A detailed knowledge and understanding of Financial Regulatory Authority actuarial regulations. Governing areas such as report preparation. A well-developed knowledge of the Egyptian Insurance Industry.
Job Location Cairo, Egypt Job Role Accounting/Banking/Finance Years of Experience Min: 2
