Financial Analyst (General Insurance)

Key Responsibilities

• Management & Executive Reporting: Prepare financial reports highlighting key performance indicators (KPIs) such as premiums, claims ratios, loss ratios, and profitability metrics. Present findings and recommendations to senior management in a clear and concise manner. •
• Pricing Product Profitability Support: Collaborate with the pricing and actuarial teams to evaluate and refine pricing strategies for new or existing products. Conduct financial modelling and profitability analysis for new and existing products, ensuring pricing is competitive yet sustainable. Provide data-driven recommendations on premium rates and product pricing based on claims experience and market trends.
• Claims & loss Analysis: Analyze claims data to identify trends, cost drivers, and anomalies. Track claims frequency, severity, and cost inflation to assess their impact on financial results.
• Reinsurance & Capital Management: Assess the financial impact of reinsurance structures (quota share, surplus, XL) on net results and capital position.
• Strategic Financial Insights: Support in strategic planning by providing scenario analysis and financial impact assessments. Evaluate the financial viability of new initiatives (e.g. launching a new insurance product, entering a new market segment, or adjusting policy terms) through detailed analysis and forecasting.
• Cross-Functional Collaboration: Partner with cross-functional teams — including Underwriting, Actuarial and finance — to align financial analysis with business strategies.
• Ad-hoc Analysis: Provide ad-hoc financial analysis and reporting as requested. This could include deep dives into specific cost centers, evaluating the impact of regulatory changes, or analyzing competitive financial data in the market to guide decision-making.
• Must liaise with actuarial, underwriting, reinsurance, risk, and finance teams to deliver timely insights that underpin profitable growth and capital efficiency in line with global best practice and the evolving regulatory landscape (QCB, Solvency II, IFRS 17).

Required Qualifications:

• Education: Bachelor’s degree in finance, Accounting, Economics, Actuarial Science, or related discipline.
• Experience: 3–5 years of relevant experience in financial analysis or planning, with prior experience in the general insurance (required).
• Technical Expertise: Solid understanding of insurance industry finance and terminology. Strong grasp of insurance financial statements, key ratios (combined, loss, expense), and solvency concepts; proficiency in IFRS-17 fundamentals.
• Analytical Proficiency: Advanced Excel (modelling, pivot tables, Power Query) and solid SQL or equivalent data-wrangling capability, power BI tools.
• Communication: Effective communication and presentation skills. Able to translate financial analysis and technical details into business insights and clearly convey recommendations to non-financial stakeholders, including senior management.

Preferred Qualifications:

• Master’s degree (MBA/Finance) or professional designation (CFA, CPA, CII, or actuarial exams in progress).
• Exposure to global insurance markets (e.g., Lloyd’s, European, Asian, or North American) and familiarity with rating-agency frameworks (AM Best, S&P).
• Experience with business-intelligence tools (Power BI, Tableau) and cloud-based data platforms.
• Working knowledge of Solvency II, Bermuda Solvency Capital Requirement, or equivalent regimes.
• Fluency in English required; Arabic is advantageous