Home Saudi Arabia Senior Manager - Pricing Analysis

Home Saudi Arabia Senior Manager - Pricing Analysis

Senior Manager - Pricing Analysis

Full time at Bupa Arabia in Saudi Arabia
Posted on May 8, 2024

Job details

• 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. • 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. • Coordinate with the corporate renewal pricing team to ensure accurate interpretation of results. • Adjust periodically the pricing model and the loading factors according to the provider trends and their movements among the networks. • Prepare related Cognos reports. • Manage the pricing of new products and set the appropriate risk controls and contribution margins. • 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. • 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. • Initiate automation and digitization pricing and reporting activities. • Leverage technology solutions to further strengthen the pricing control environment. #J-18808-Ljbffr

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