Strategic Insurance Portfolio Analyst

7 days ago


Kuwait City, Al Asimah Alghanim Industries Full time
Job Summary:
A strategic insurance portfolio analyst at Alghanim Industries is responsible for analyzing and enhancing business performance in the insurance sector. This role bridges finance and operations, ensuring alignment between financial performance and company insurance products and processes.

About Us:
Alghanim Industries is a leading conglomerate with diverse interests in various sectors, including insurance. We offer a dynamic work environment that fosters growth and innovation.

Key Responsibilities:
- Analyze premiums, claims, and expenses to evaluate insurance portfolio financial health.
- Assess loss ratios, combined ratios, and underwriting profitability across products, identifying areas for improvement and optimization.
- Support pricing and reserving processes with data-driven insights, enabling informed decision-making.
- Develop and monitor key performance indicators (KPIs) related to policy performance, claims handling, and operational efficiency.
- Generate detailed reports on revenue streams and cost drivers, including policy cancellations and renewals, providing valuable insights for business improvement.
- Collaborate with the actuarial team to ensure forecasts align with reserve calculations, maintaining accurate risk assessments.
- Identify inefficiencies in underwriting, claims processing, and premium collections, recommending operational changes to optimize workflow and reduce financial leakage.

Requirements:
- Bachelor's degree in Finance, Accounting, Economics, or a related field; certifications like FMVA are advantageous.
- Minimum 3-5 years of experience in financial analysis within the insurance industry, demonstrating expertise in insurance metrics and analytics tools.
- Strong analytical and problem-solving skills, with effective communication and stakeholder management abilities.
- Ability to interpret large volumes of data, translating it into actionable insights to drive business growth and improvement.


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