Actuarial & Pricing Analyst Job AAR Insurance
AAR Insurance
Job description
Insurance Jobs, AAR Insurance Jobs. Responsible for preparing medical insurance quotations and renewal terms, analysing claims experience, supporting tender pricing, monitoring loss ratios, conducting experience reviews, preparing performance reports, maintaining pricing dashboards, managing insurance data, and supporting product development and pricing systems. Requires a Bachelor’s degree in Actuarial Science, Statistics, Mathematics, or a related quantitative field, at least five years’ experience in health or medical insurance pricing and analytics. The position is based in Nairobi and requires on-site work.
Key Responsibilities
Pricing and Quotations
- Prepare corporate medical quotations and renewal terms using internal pricing models
- Build and maintain rate tables and apply the appropriate loadings and statutory gross-ups
- Analyse claims experience, exposure and benefit changes to inform renewal pricing
- Support tender pricing, including capitation models
- Apply underwriting and discount rules, flag breaches, and route approvals correctly
Claims and Experience Analytics
- Monitor loss ratios, claims frequency and severity across schemes and flag adverse experience early
- Carry out experience reviews, anti-selection analysis and benefit sensitivity testing
- Build provider and scheme claims intelligence, including episode-of-care analysis and peer benchmarking
- Reconcile claims data across multiple sources and funding arrangements
Reporting and Management Insight
- Produce scheme performance reviews, renewal readiness packs and ad hoc reports
- Maintain dashboards on quote volumes, premiums, loss ratios and pipeline
- Prepare decision-ready decks and written advisories for management and clients
Data and Systems
- Extract, clean and structure data from claims, membership and finance systems
- Support development, testing and improvement of the department’s pricing and analytics platform
- Drive process innovation, including the use of AI to enhance pricing and analytics workflows and surface deeper insight
- Automate recurring pricing and reporting tasks
- Support data integrations across claims and administration systems
Portfolio and Stakeholder Support
- Support the international medical partner portfolio alongside core local functions
- Work with Underwriting, Business Processing, Sales and Retention to resolve pricing and data queries
- Provide costing and technical input to product development
- Advise the manager on anomalies, risks and areas for improvement
- Perform any other duties as assigned
Qualifications
- Degree in Actuarial Science, Statistics, Mathematics or a related quantitative field
- At least 5 years’ experience in health or medical insurance pricing and analytics
- Solid progress in professional actuarial examinations (IFoA, SOA or equivalent)
- Strong understanding of medical insurance products, underwriting and claims
- Proven pricing and experience-analysis work in a live insurance environment