Senior Actuarial Pricing Analyst

Senior Actuarial Pricing Analyst

Cigna

Antwerp, Belgium

Cigna is looking for a Senior Actuarial Analyst who will enhance the company’s expertise dealing with a wide range of activities and product lines in an international context.

Description of Duties:

  • Support and advise Underwriting and the business in relation to pricing case referrals and client tenders;
  • Manual product reviews. Assess the adequacy of premium rates and profitability and make recommendations for future price changes;
  • Preparation of experience studies (e.g. medical trend, seasonality) to enhance pricing optimisation and for forecasting purposes;
  • Develop and optimise pricing tools and insights to support underwriters in experience and manual pricing of both medical and non-medical products;
  • Analyse expense attribution to support Cigna’s tiered administration proposition;
  • Maintain and improve actuarial databases (eligibility information, claims information, FX tables);
  • Building, improving and updating claim and loss ratio projection models for the IGO & NGO Health segment for quarterly forecasts;
  • Determine business drivers to explain actual financial results (loss ratio and claims experience) versus forecasted results on a monthly basis;
  • Work with sales, account management, underwriting and other key stakeholders to develop new products to facilitate revenue growth;
  • Quantify benefit differentials to tailor benefit designs to clients’ needs;
  • Creating ad-hoc reports to assist other business partners in their reporting and analysis;
  • Consideration of the Economic Value Added (EVA) framework such that EVA metric can be easily incorporated into pricing decisions and can be reported on at a segment level.

Qualifications

  • Nearly or newly qualified actuary;
  • At least 3 years industry experience;
  • Fluent in English (written and spoken);
  • Strong communication skills;
  • Good knowledge of MS Office;
  • Self-motivated and solutions-oriented.

Preferred Skills

  • Pricing experience;
  • Knowledge of Medical Insurance products;
  • Visual Basic and R programming;
  • Dutch/French language an advantage but not necessary.

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© EuroJobsites 2020

EuroJobsites is a registered company number: 4694396 VAT number: GB 880 9055 04

Registered address: EuroJobsites Ltd, Unit 8, Kingsmill Business Park, Kingston Upon Thames, London, KT1 3GZ, United Kingdom

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