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Pricing and Data Analytics Sr. Analyst

Pricing and Data Analytics Sr. Analyst

Al Rajhi TakafulRiyadh, Riyadh Region, Saudi Arabia
8 days ago
Job description

Overview

Support the Motor Pricing & Data Analytics function by performing actuarial and data analysis, developing pricing models, and delivering insights that drive data-based decisions and improve business performance.

Responsibilities

  • Apply statistical and actuarial techniques (GLM, frequency–severity, machine learning where relevant) to build / improve pricing sophistication.
  • Conduct reserving analysis and profitability studies.
  • Perform actuarial analyses to monitor technical rate adequacy, loss ratios, and portfolio performance.
  • Developing and implementing data analysis, data collection systems and other strategies that optimize statistical efficiency and quality.
  • Deliver actionable insights through dashboards, reports, and analytical tools to support business decisions.
  • Collaborate with underwriting, claims, and finance teams to align pricing strategies with business needs.
  • Responsible for complying with cyber security policy, standards and procedures.
  • Collect related information and maintain databases of actual / perceived price benchmark positioning by customers to support pricing action plans.
  • Perform advanced and complex pricing analysis scenarios to develop and evaluate business cases for new pricing strategies in order to support the decision-making process.
  • Analyze market data and make recommendations on the revision of pricing to maintain alignment with the marketplace.

Qualifications

  • Bachelor’s degree in actuarial and financial mathematics.
  • 2-3 years of experience.
  • Seniority level

  • Entry level
  • Employment type

  • Full-time
  • Job function

  • Business Development
  • Industries

  • Insurance
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