Business Analyst at Old Mutual Kenya

Old Mutual

  • Kenya
  • Permanent
  • Full-time
  • 15 days ago
Reporting to the Underwriting Manager, Health, this role serves to provide technical support aimed at maintaining a profitable and innovative health insurance portfolio.The key tasks assigned to this role include:
  • Continuously reinforcing and implementing experience-based underwriting discipline.
  • Providing flexibility in offering tailor-made corporate client solutions, with adequate pricing controls in place.
  • Providing technical support to the retention and business development teams in pricing discussions and ensuring accurate pricing of schemes.
  • Reviewing performance by product on a quarterly basis to monitor trends.
  • Ensuring that policy wordings remain full-proof, clear and free of subjectivity.
  • Evaluating the quality of existing data sources to ensure accuracy, completeness, and consistency.
  • Building dashboards to enhance real-time analytics geared towards early detection of potential issues or fraudulent activities.
  • Implementing feedback loops to continuously improve the accuracy and effectiveness of the models.
  • Implementing advanced analytics tools and techniques such as machine learning algorithms for predictive modelling and risk assessment.
  • Leveraging statistical analysis to identify patterns and trends within the data to provide insight to support decision making at various levels within the business.
  • Performing scenario analysis to assess the impact of different factors on underwriting and claims decision-making.
  • Proposing enhancements to the insurance products and services to improve the overall customer experience.
  • Carrying out intermediary and scheme-based monthly reporting to flag the poorly performing entities and propose remedial actions for them.
  • Conducting research and supporting development of business cases for new and revamped products.
  • Following up on internal and external approvals for products being developed.
  • Training staff and supporting launch to market of new and revamped products.
  • Providing technical support to potential strategic business partnerships.
RequirementsQualifications
  • University degree in Actuarial Science, Mathematics or Statistics.
  • Professional qualification in insurance such as CII or significant progress in attaining an Actuarial Science qualification.
  • 6 years' experience in health insurance underwriting with demonstrated experience in product development.
  • In-depth knowledge of the health insurance and financial services sector in East Africa.
Skills
  • Strong analytical skills
  • Negotiation skills
  • Creative thinking
  • Solution oriented
  • Innovative thinking
  • Strong presentation skills
  • High level of integrity
  • Attention to detail
  • Team player
Don't Keep Share!:Method of ApplicationClosing Date : 19 April. 2024

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