Senior Pricing Analyst - Actuary

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

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.