Manager – Corporate Pricing

Bupa Arabia


Date: 6 hours ago
City: Riyadh
Contract type: Full time
Job Description

Role Purpose:

To manage contract renewals and new business to achieve highest retention rates and secure growth and profitability of the corporate portfolio to support achievement of Bupa Arabia business objectives.

1- Corporate Pricing and Underwriting (Renewals):

  • Provide precise assessment of risk to support Relationship Team in achieving the highest retention rates for profitable business.
  • Estimate the impact of product changes on the contract performance and revise premiums accordingly.
  • Agree on final corporate renewal rates.
  • Discuss, negotiate and explain quotations and technical results to Relationship Team to ensure complete understanding and agreement on final prices and product changes.
  • Revisit the benefits of high loss ratio accounts and recommend product changes and/or adequate price increases to enhance profitability.

2- Corporate Pricing and Underwriting (New Business):

  • Evaluate the risk profile and set the adequate premiums using the pricing model and product specifications provided by the Account Managers.
  • Follow the pricing policy guidelines to consider and approve additional benefits over and above the regulated CCHI policy.

3- Renewals Workflow:

  • Coordinate with the corporate renewal pricing team to ensure accurate interpretation of results.

4- Pricing Model and Strategy:

  • Adjust periodically the pricing model and the loading factors according to the provider trends and their movements among the networks.
  • Prepare related Cognos reports.

5- New Product Development:

  • Manage the pricing of new products and set the appropriate risk controls and contribution margins.

6- Clients’ Reports:

  • Manage the automated and ad hoc reports (frequent users report, management information report) and ensure that they are in line with projected technical results.
  • Provide the Relationship Team with customized reports that evaluate contracts past experience and attribution.

7- Department reports:

  • Manage the monthly reports and provide updates of department KPI’s (retention rate, price increases…)
  • Conduct simulations and reports to support management in setting the pricing strategy.

8- Automation & Digitization:

  • Initiate automation and digitization pricing and reporting activities.
  • Leverage technology solutions to further strengthen the pricing control environment.

Skills

  • Strong analytical and decision-making skills
  • Excellent communication and negotiation skills
  • Collaboration and cross-functional teamwork
  • Proficiency in English and Arabic (written and spoken)
  • Adaptability and problem-solving mindset

Education

Bachelor's or Masters degree in Actuarial Science, Finance, Economics or Mathematics.

How to apply

To apply for this job you need to authorize on our website. If you don't have an account yet, please register.

Post a resume

Similar jobs

Consultant III

F5, Riyadh
4 hours ago
At F5, we strive to bring a better digital world to life. Our teams empower organizations across the globe to create, secure, and run applications that enhance how we experience our evolving digital world. We are passionate about cybersecurity, from protecting consumers from fraud to enabling companies to focus on innovation.Everything we do centers around people. That means we obsess...

Travel Executive

TAG, Riyadh
10 hours ago
Location: Riyadh, Saudi ArabiaTAG provides high-touch, personalised travel and event management services to the biggest names on the planet, as well as top C-suite executives and award-winning productions. Our mission is to alleviate the stress and complexity of travel, and we are committed to uncovering solutions to get our clients where they need to be, feeling ready to take on...

Senior Consultant - Transformation Architecture - Consulting - Riyadh 1 1

EY, Riyadh
1 day ago
At EY, we’re all in to shape your future with confidence. We’ll help you succeed in a globally connected powerhouse of diverse teams and take your career wherever you want it to go.Join EY and help to build a better working world. EY is a leading global consultancy firm dedicated to delivering innovative solutions to complex business challenges. With a...