Specialist - Motor Pricing

-Pricing Guidelines o Consolidate research and benchmark results on best practices and latest regulations, and draft pricing frameworks, procedures, and policieso Outline an integration plan to adopt the latest pricing regulations by external regulators (i.e., SAMA, etc.) to ensure Tawuniya compliance with regulations.- Actuary Model Development/Upkeep o Identify predictive factors and build pricing algorithms for descriptive/predictive demand and risk models to ease risk assessment and enable accurate premium calculation.Implement demand models and operate price optimization processes to ensure adequate policy pricing.oFormulate business requirements regarding analytical tools and dashboards to accurately channel needs to Transformation and Technology. o Participate in workshops with Transformation and Technology throughout development and implementation cycles to ensure the effectiveness of developed solutions.o Conduct continuous testing (i.e., system assessments, parameter assessments, etc.) to pinpoint, resolve, and escalate discrepancies.•Contract Risk Control o Conduct contract portfolio monitoring activities and flag contracts with high risk levels for re-assessment based on risk threshold o Reach out to Underwriting teams to brief them on flagged risks and initiate re-assessment, ensuring alignment•Pricing Performance Management o Define and formulate pricing KPIs along with their respective targets to enable performance assessments.o Conduct performance testing on pricing algorithms and outcomes to assess pricing accuracy, risk conversion accuracy, and other success metrics.o Develop reports outlining issues/underperforming areas and proposed corrective actions to enable the development of appropriate corrective actions. Policies, Procedures and Processes o Contribute to the identification of opportunities for continuous improvement to enhance productivity, attain high-quality outputs, and cost-effective results in line with relevant regulatory requirements.