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 reporting for the Middle East and Africa region. The role requires progress toward actuarial credentials and up to 3 years of 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 and rate reviews
- Support analytics related to medical cost drivers and trends
- Develop, test, and maintain pricing and underwriting tools
- Support monthly financial close and reserving process
- Support compilation of regulatory submissions
- Collaborate with Sales, Client Management, Underwriting and Finance teams
Requirements
- Undergraduate degree in Actuarial Science, Mathematics, Finance or related field
- Progress towards Associate credentials with IFoA or SOA
- Commitment to pursuing Fellowship qualification
- Not more than 3 years of work experience
- Excellent verbal and written English
- Experience with MS Office and data analytics (R, SQL, Alteryx) is an advantage
Full Job Posting
Job Description
- Cigna Saudi Arabia is looking to appoint an Actuarial Analyst based in Riyadh.
- Main focus will be the KSA market, working closely with the 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.
- Developing, testing and maintenance of pricing and underwriting tools.
- Support the monthly financial close, including supporting the reserving process.
- Supporting the compilation of regulatory submissions.
- Close collaboration with other teams including Sales, Client Management, Underwriting and Finance.
Personal Profile
- 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 is an advantage.
- Experience with MS Office and data analytics (R, SQL, Alteryx) is an advantage.
- Excellent verbal and written English competence.
- Some regional travel may be required.
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