Job Description:Senior Pricing Delivery Analyst - UnderwriterDubaiPermanentFantastic benefits including 10% management bonus schemeFull time 40 hours per weekWe make health happenBupa Global is the international health insurance division of Bupa. We provide customers who want premium international coverage with products and services to access the healthcare they need anytime, around the world, whether at home or when studying, living, travelling or working abroad.Bupa Global has offices around the world including London and Brighton (UK), Dublin (Europe), Miami (USA), Dubai (UAE, in partnership with OIC), Egypt and Hong Kong (China) as well as regional offices in mainland China, Singapore, the Dominican Republic, Bolivia, Panama, Guatemala and Ecuador.How you’ll help us make health happenAs an experienced underwriter with a corporate pricing background you’ll play a vital role in leading the relationship between pricing and our regional stakeholders, specifically finance and commercial. You’ll look to price Corporate international private medical insurance (IPMI) groups within agreed guidelines and with an appreciation of their individual risk characteristics and to be available face to face within the required offices in Dubai.Accountabilities & activitiesLead and manage relationships with internal and external customers, particularly Account Managers; support Account Managers in face-to-face client meetings where appropriate; working in partnership to support Commercial delivery and to help explain the risk drivers underpinning pricing termsSupport Account Managers as necessary by attending and presenting pricing proposals to face-face client and/or broker meetings when new business or renewal prices require detailed explanation.Lead the relevant Bupa relationships with Senior leaders and sales team members, including being present in the local offices on a full-time basis.Responsible for pricing the future-period subscriptions of each group within international private medical insurance (IPMI) portfolios; incorporating the current portfolio of renewal business as well as new business opportunities.An advanced understanding of IPMI products and their risk characteristics.Analyse and interpret historic claims experience to enable accurate forecasting of future claiming patterns, and any external information, which may impact on price.Perform analysis to calculate group-specific loadings and discounts dependent upon a client’s risk profileInterpret and understand changes to membership or benefit profiles that may influence future risk trendsEmpowered to make commercial decisions within an agreed framework and adhere to the published commercial escalation process. Understanding the impact each decision has upon the continued financial health of each book.Understand the strategic context underpinning each client and incorporate this thinking within pricing approachInternally negotiate and justify pricing decisions to key stakeholders, including Account Managers, Commercial Managers and the Pricing Governance GroupEnhance customers’ understanding of pricing processes and methodologiesMaintain a thorough and succinct audit trail on decisions and reasoning for each price completedAct as a designated point of escalation for a particular Product line / region and re-engineer and streamline internal process across specific Product line / region.To support the Pricing Delivery Team Leader to recruit, manage, train and motivate staff to ensure the maximum performance and potential of direct reports is realised and that their developmental needs are inspired. Ensure that the pricing system infrastructure being used to develop and issue pricing proposals for Corporate, is robust, error free and fit for.Lead on relevant ad-hoc pricing projects.Deputise for the Pricing Delivery Team Leader in their absence to cover day-to-day operational issues.Key Skills / Qualifications needed for this role:Degree in Finance, Statistics, Actuarial or related field and at least 5 years post-qualification relevant working experience. Proven numerical skills evidenced through previous work experience within an insurance company and an appreciation of actuarial, medical and statistical issues relating to pricing; understanding of the actuarial forecasting process and techniques.Experience of working with data analysis tools such as Excel, SAS, Power BI and similar.Experience of understanding and interpreting data and risk trends, ability to forecast changing trends at individual group level and to identify appropriate pricing solutions.Proven success in communicating with and influencing internal and external stakeholders; experience owning relationships with stakeholders.Proven knowledge of the end-to-end process of setting insurance prices and experience of managing a demanding workload and tight deadlines.Experience of commercial decision making; strong commercial awareness and customer focusStrong interpersonal, and communication skills. Emphasis on achieving results and successful outcomes through consultation whilst equally being confident and robust enough to challenge senior colleagues where appropriate.Objective, analytical and lateral thinking with a ‘can-do’ attitude with the ability to summarise and communicate complicated technical issues.A proactive mindset, challenging requirements, seeing through from a customer angle and exploring new directions from results of analysis.Ability to work with ambiguity and uncertainty – often driven by incomplete / uncertain data.BenefitsOur benefits are designed to make health happen for our people. Viva is our global wellbeing programme and includes all aspects of our health – from mental and physical, to financial, social and environmental wellbeing. We support flexible working and have a range of family friendly benefits.Joining Bupa in this role you will receive the following benefits and more:• 25 days holiday, increasing through length of service, with option to buy or sell
• Bupa health insurance as a benefit in kind
• An enhanced pension plan and life insurance
• Onsite gyms or local discounts where no onsite gym available
• Various other benefits and online discountsAnd 10% management bonus scheme.
Why Bupa?We’re a health insurer and provider. With no shareholders, our customers are our focus. Our people are all driven by the same purpose – helping people live longer, healthier, happier lives and making a better world. We make health happen by being brave, caring and responsible in everything we do.
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