Actuarial Analyst KSA
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Key skills for this role
About the Role
Cigna Saudi Arabia seeks an Actuarial Analyst based in Riyadh to support pricing, data analytics, and financial close for the Middle East and Africa region. Requires an undergraduate degree in Actuarial Science or related field, progress towards actuarial credentials, and up to 3 years of work experience.
Key Skills for This Role
Responsibilities
- Perform data analytics, reconciliations, and processing
- Conduct actuarial pricing for Middle East and Africa region, including experience studies, setting book rates, and rate reviews
- Support analytics related to medical cost drivers and trends
- Develop, test, and maintain pricing and underwriting tools
- Support monthly financial close, including reserving process and review of reserve assumptions
- Support compilation of regulatory submissions
- Collaborate with Sales, Client Management, Underwriting, and Finance teams
Requirements
- Undergraduate degree in Actuarial Science, Mathematics, Finance or a related field
- Some progress towards Associate credentials with IFoA or SOA
- Commitment towards pursuing a Fellowship qualification
- Not more than 3 years of work experience
- Excellent verbal and written English competence
- Self motivated and results driven
- Good communication skills and strong attention to detail
- Working knowledge of health insurance and related concepts is an advantage
- Experience with data analytics tools (R, SQL, Alteryx) is an advantage
Full Job Posting
Job Description
- Actuarial Associate Analyst position based in Riyadh, supporting the KSA market and broader Middle East and Africa actuarial team.
Key Responsibilities
- Data analytics, reconciliations, and processing.
- Actuarial pricing for the Middle East and Africa region, including experience studies, setting book rates and pricing assumptions, methodology updates, and rate reviews.
- Support analytics related to medical cost drivers and trends to enhance quality of actuarial analysis and reporting.
- Developing, testing and maintenance of pricing and underwriting tools.
- Support the monthly financial close, including supporting the reserving process, periodic review of key reserve assumptions, and communicating drivers of financial results relative to forecast.
- Supporting the compilation of regulatory submissions.
- Close collaboration with other teams including Sales, Client Management, Underwriting and Finance.
Personal Profile
- An undergraduate degree in Actuarial Science, Mathematics, Finance or a related field.
- Some progress towards Associate credentials with either the Institute and Faculty of Actuaries or the Society of Actuaries.
- A commitment towards pursuing a Fellowship qualification.
- Be self motivated and results driven.
- Good communication skills and strong attention to detail.
- Not more than 3 years of work experience.
- A working knowledge of health insurance and related concepts is not required but would be an advantage.
- Experience with MS Office and data analytics (R, SQL, Alteryx or equivalent) will be an advantage.
- Excellent verbal and written English competence.
- Some regional travel may be required.
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