Business Development Analytics Lead

• Product Pricing & Profitability: Provide actuarial support in pricing new TPA models, especially value-based or outcomes-linked services
• Revenue Analytics: Develop cost models, risk-adjusted projections, and utilization forecasts to support contract negotiation and commercial strategy
• Payer-Specific Proposals: Generate tailored actuarial insights to enhance the competitiveness and credibility of our proposals.
• Strategic Bids & Renewals: Model expected financial outcomes for complex RFPs and support negotiations with quantifiable impact forecasts.
• Market Intelligence: Benchmark against industry norms and assist in identifying commercial opportunities based on claims trends and risk profiles.
• Policy Monitoring: Actively monitor health insurance policies to ensure compliance with regulatory standards and alignment with company objectives
• Data Analysis: Analyze large datasets to identify trends, patterns, and anomalies in claims and policy performance.
• Pricing Models: Develop and refine pricing models to optimize profitability and competitiveness in the MEA region. (SFS)
• Risk Assessment: Conduct comprehensive risk assessments to support underwriting decisions and policy development.
• Reporting: Prepare detailed reports and presentations for senior management, highlighting key findings and recommendations.
• Collaboration: Work closely with the underwriting, claims, and Business Development teams to ensure cohesive strategy implementation.
• Regulatory Compliance: Stay updated with local and international regulatory requirements and ensure compliance in all actuarial activities.
• Continuous Improvement: Identify opportunities for process improvements and implement changes to enhance efficiency.
• Network Analysis: Conduct detailed analysis of provider networks to evaluate performance and identify areas for improvement, ensuring optimal network utilization.
• Product Loss Ratio Analysis: Analyze loss ratios per product to identify trends and propose strategies to reduce loss ratios while maintaining competitive pricing.
• Policy Utilization: Assess policy utilization rates and suggest actionable strategies to optimize policy offerings and improve customer satisfaction.
• Payer Utilization Analysis: Evaluate payer utilization patterns to identify opportunities for cost savings and improved efficiency.
• Country-wise Analysis: Perform country-specific analyses to understand regional variations in policy performance and utilization, providing tailored recommendations for each market.
• Forecasting and Predictive Modeling: Develop forecasting models and predictive analytics to anticipate future trends and support strategic planning.
• Stakeholder Engagement: Engage with internal and external stakeholders to gather insights and align actuarial strategies with business objectives.
• Innovation and Strategy: Contribute to the development of innovative insurance products and strategies that meet the evolving needs of the market.
• Develop and maintain actuarial models to evaluate the financial impact of changes in utilization patterns, claims frequencies, and health outcomes

Minimum requirements:

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field. A master's degree or professional actuarial qualification (e.g., ASA, FSA) is preferred.
• Minimum of 5 years of experience in actuarial analysis within the health insurance sector, preferably with exposure to TPA operations.
• In-depth knowledge of health insurance products, pricing strategies, and regulatory requirements in the MEA region.
• Advanced proficiency in actuarial software (e.g., Prophet, SAS, R, or similar)
• Fluency in MS Office (Excel, Word, Outlook, PowerPoint) and general internet navigation and research skill
• Strong analytical skills, with the ability to build complex models and perform detailed data analysis.
• Excellent communication skills, with the ability to explain complex actuarial concepts to non-technical stakeholders.
• Ability to work independently and as part of a cross-functional team.
• Strong problem-solving skills and a proactive approach to addressing actuarial challenges.
• Experience with health insurance products in multiple MEA regions and familiarity with local market dynamics.
• Ability to adapt to a fast-paced, changing environment and manage multiple priorities effectively.
• Strong project management skills and ability to handle multiple tasks simultaneously.
• Experience with machine learning techniques and advanced statistical methods is a plus.