16 Health Insurance jobs in Manama
Senior Actuarial Analyst - Life & Health Insurance
Posted 21 days ago
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Job Description
Responsibilities:
- Perform actuarial valuations, including pricing new products and experience studies for existing life and health insurance products.
- Develop and maintain financial models for reserving, solvency, and profitability analysis.
- Analyze insurance risks and develop strategies to mitigate them.
- Conduct data analysis to identify trends, anomalies, and areas for improvement in product performance.
- Prepare actuarial reports and presentations for management, regulatory bodies, and external auditors.
- Collaborate with Underwriting, Claims, and Product Development teams to provide actuarial support.
- Stay current with industry trends, regulatory changes, and emerging actuarial techniques.
- Mentor junior actuarial staff and assist in their professional development.
- Ensure compliance with all relevant actuarial standards and professional codes of conduct.
- Utilize actuarial software and statistical tools for analysis and modeling.
Qualifications:
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
- Minimum of 5 years of actuarial experience, with a focus on life and health insurance products.
- Actuarial designation (e.g., FSA, ASA, or equivalent) in progress or completed is highly preferred.
- Strong knowledge of actuarial principles, including pricing, reserving, and financial modeling.
- Proficiency in actuarial modeling software (e.g., Prophet, GGY Axis) and database tools (e.g., SQL).
- Advanced skills in spreadsheet software (e.g., Excel) and programming languages (e.g., R, Python) are advantageous.
- Excellent analytical, quantitative, and problem-solving skills.
- Strong written and verbal communication skills, with the ability to explain complex actuarial concepts clearly.
- Ability to work effectively in a hybrid work environment, collaborating with team members both remotely and in the office.
- Detail-oriented with a commitment to accuracy and quality.
This role offers an exciting opportunity to contribute to the financial health and strategic direction of a leading insurance company. Candidates must be able to work effectively in a hybrid model, with regular attendance at the **Jidhafs, Capital, BH** office. If you are a talented Actuarial Analyst seeking a challenging and rewarding career, we encourage you to apply.
Lead Insurance Underwriting Specialist - Complex Risks
Posted today
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Job Description
Key Responsibilities:
- Underwrite and manage a portfolio of complex commercial insurance risks, including property, casualty, and specialty lines.
- Conduct in-depth risk analysis and due diligence for new and existing accounts.
- Develop and negotiate appropriate terms, conditions, and pricing for insurance policies.
- Collaborate with brokers and clients to understand their risk exposures and provide tailored solutions.
- Work closely with actuarial teams to ensure pricing adequacy and reserve adequacy.
- Partner with claims departments to provide underwriting insights on complex claims.
- Develop and maintain underwriting guidelines and best practices for complex risks.
- Mentor and guide junior underwriters, sharing expertise and fostering professional development.
- Stay current with market trends, regulatory changes, and emerging risks impacting the insurance industry.
- Contribute to the development of new insurance products and strategies for the remote-first organization.
Lead Insurance Product Development Specialist
Posted 2 days ago
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Job Description
Responsibilities:
- Lead the end-to-end development lifecycle of new insurance products, from ideation and market research to launch and post-launch analysis.
- Conduct comprehensive market analysis to identify emerging trends, customer needs, and competitive offerings.
- Collaborate with actuarial teams to ensure product profitability, pricing, and reserving strategies are sound.
- Work closely with legal and compliance departments to ensure all products meet regulatory requirements and company standards.
- Develop compelling product features, benefits, and policy wordings.
- Create marketing and sales support materials to effectively communicate product value propositions.
- Partner with distribution channels to ensure successful product adoption and sales performance.
- Monitor product performance and make recommendations for enhancements or adjustments.
- Mentor and guide junior product development staff.
- Present product proposals and strategies to senior management and stakeholders.
- Stay informed about the latest developments in the insurance industry and regulatory landscape.
Qualifications:
- Bachelor's degree in Business Administration, Finance, Marketing, or a related field; Master's degree preferred.
- Minimum of 8 years of experience in insurance product development, management, or a related role within the financial services sector.
- Demonstrated success in launching innovative insurance products.
- Strong understanding of insurance principles, market dynamics, and regulatory frameworks.
- Excellent analytical, strategic thinking, and problem-solving skills.
- Proficiency in market research and data analysis.
- Exceptional communication, presentation, and interpersonal skills.
- Proven ability to lead cross-functional teams and manage complex projects.
- Experience working effectively in a remote team environment.
- Relevant insurance designations (e.g., FLMI, CLU) are a strong asset.
Remote Insurance Product Development Specialist
Posted 3 days ago
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Job Description
Key Responsibilities:
- Conceptualize and develop new insurance products.
- Conduct market research and competitive analysis.
- Collaborate with actuarial, legal, and marketing teams.
- Define product features, pricing, and policy terms.
- Ensure product compliance with regulatory standards.
- Manage the product development lifecycle.
- Analyze product performance and identify areas for improvement.
- Prepare business cases and product documentation.
- Bachelor's degree in Business, Finance, Marketing, or a related field.
- Minimum of 5 years of experience in insurance product development or management.
- Strong understanding of insurance principles and market dynamics.
- Proven ability to innovate and develop new product concepts.
- Excellent analytical and project management skills.
- Proficiency in remote collaboration tools.
- Demonstrated ability to work effectively in a remote, autonomous setting.
Senior Risk Management Specialist (Insurance)
Posted 14 days ago
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Job Description
Key Responsibilities:
- Conduct comprehensive risk assessments, including market risk, credit risk, operational risk, and compliance risk for various insurance products.
- Develop, implement, and monitor risk management policies, procedures, and frameworks.
- Design and execute stress testing and scenario analysis to evaluate the impact of adverse events.
- Collaborate with underwriting, claims, and actuarial teams to integrate risk management principles into business processes.
- Prepare detailed risk reports for senior management and regulatory bodies, highlighting key exposures and recommended actions.
- Stay abreast of industry trends, emerging risks, and changes in regulatory requirements.
- Develop and deliver training programs on risk management best practices to employees at all levels.
- Utilize advanced analytics and modeling techniques to quantify and manage risk exposures.
- Oversee the development and maintenance of risk registers and risk appetite statements.
- Contribute to the continuous improvement of the company's risk management culture and capabilities.
Remote Insurance Product Development Specialist
Posted 23 days ago
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Job Description
Responsibilities:
- Conduct market research and competitor analysis to identify opportunities for new insurance products.
- Develop and refine product concepts, features, and benefits aligned with market needs and company strategy.
- Analyze data related to market trends, customer behavior, and profitability to inform product design.
- Collaborate with actuarial teams to develop pricing structures and financial models for new products.
- Work closely with underwriting, claims, and marketing departments to ensure successful product launch and implementation.
- Draft product specifications, policy wordings, and related documentation.
- Develop product training materials for sales and customer service teams.
- Monitor the performance of existing products and recommend enhancements or adjustments.
- Ensure all product development activities comply with regulatory requirements and industry best practices.
- Stay informed about changes in insurance regulations and market dynamics.
- Present product proposals and strategies to senior management.
- Bachelor's degree in Business, Finance, Economics, or a related field. An advanced degree or relevant professional designation (e.g., CPCU, FLMI) is a plus.
- Minimum of 4 years of experience in insurance product development, analysis, or a related role within the insurance industry.
- Strong understanding of various insurance lines (e.g., P&C, Life, Health) and market dynamics.
- Excellent analytical and quantitative skills, with the ability to interpret complex data.
- Proficiency in market research techniques and tools.
- Strong written and verbal communication skills, with the ability to articulate complex ideas clearly.
- Ability to work independently, manage multiple projects, and meet deadlines in a remote environment.
- Creative thinking and problem-solving abilities.
- Experience with regulatory compliance within the insurance sector is highly desirable.
- Proficiency in Microsoft Office Suite, particularly Excel and PowerPoint.
Remote Health Insurance Claims Analyst
Posted 7 days ago
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Job Description
- Reviewing and processing health insurance claims accurately and efficiently.
- Verifying patient eligibility, policy coverage, and benefits.
- Identifying and resolving claim discrepancies and errors.
- Authorizing or denying claims based on policy guidelines and medical necessity.
- Investigating complex or potentially fraudulent claims.
- Communicating with healthcare providers, policyholders, and internal teams.
- Maintaining comprehensive and accurate claim documentation.
- Ensuring compliance with all relevant regulations and company policies.
- Staying updated on changes in insurance regulations and medical coding.
- High school diploma or equivalent; Associate's or Bachelor's degree preferred.
- Proven experience as a Health Insurance Claims Analyst or in a similar role.
- In-depth knowledge of medical terminology, ICD-10, CPT, and HCPCS coding.
- Familiarity with various health insurance plans and claims processing systems.
- Strong analytical and problem-solving skills.
- Excellent attention to detail and accuracy.
- Effective written and verbal communication skills.
- Proficiency in claims management software and Microsoft Office Suite.
- Ability to work independently and manage workload effectively in a remote setting.
- Understanding of HIPAA regulations and data privacy.
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Senior Actuarial Analyst - Health Insurance
Posted 9 days ago
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Job Description
Responsibilities:
- Develop, implement, and maintain sophisticated actuarial models for pricing new health insurance products and renewing existing ones.
- Perform reserving analyses for health insurance liabilities, ensuring accuracy and compliance with regulatory standards.
- Conduct experience studies to analyze claims trends, utilization patterns, and healthcare cost drivers.
- Assess and quantify financial risks associated with health insurance portfolios.
- Collaborate with underwriting, claims, and finance departments to provide actuarial support and insights.
- Prepare actuarial reports and presentations for senior management and regulatory bodies.
- Assist in the development and implementation of new actuarial tools and methodologies.
- Monitor industry trends and regulatory changes impacting the health insurance sector.
- Mentor and guide junior actuarial staff, fostering their professional development.
- Contribute to strategic planning initiatives by providing data-driven actuarial perspectives.
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
- Progress towards or completion of Actuarial Fellowship (e.g., FSA, FIA) is highly preferred.
- Minimum of 5 years of progressive actuarial experience specifically within the health insurance industry.
- Proficiency in actuarial software and programming languages (e.g., SAS, R, Python, SQL, Prophet, Emblem).
- Expertise in health insurance pricing, reserving, and financial modeling techniques.
- Strong understanding of healthcare economics, provider networks, and medical cost trends.
- Excellent analytical, problem-solving, and critical thinking skills.
- Superior communication and interpersonal skills, with the ability to explain complex actuarial concepts clearly and concisely.
- Proven ability to manage multiple projects and meet deadlines in a fast-paced environment.
- Experience with regulatory requirements and filings for health insurance products.
Senior Actuarial Analyst - Life & Health Insurance
Posted 25 days ago
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Job Description
Senior Actuarial Consultant - Health & Life Insurance
Posted 15 days ago
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Job Description
Key Responsibilities:
- Performing complex actuarial analyses for pricing new insurance products and evaluating existing ones.
- Calculating and analyzing policy reserves and ensuring compliance with relevant accounting standards and regulations.
- Conducting experience studies on mortality, morbidity, lapse rates, and other key actuarial assumptions.
- Developing and implementing risk management frameworks and stress testing scenarios for insurance portfolios.
- Advising clients on capital adequacy, solvency monitoring, and compliance with local and international insurance regulations.
- Collaborating with underwriters, actuaries, and finance teams to provide comprehensive solutions to client challenges.
- Presenting findings and recommendations to clients and internal stakeholders in a clear and concise manner.
- Mentoring junior actuarial staff and contributing to the overall technical development of the team.
- Keeping abreast of industry trends, regulatory changes, and emerging risks that impact the insurance sector.