Actuarial Pricing Administrator

About Al Etihad Cooperative Insurance Co

Al Etihad Cooperative Insurance Company is a public joint-stock company operating in the Kingdom of Saudi Arabia. Established under a Council of Ministers decision and a royal decree, the company has a paid-up capital of 500 million Saudi Riyals. It is an extension of United Insurance Company, which began operations in Saudi Arabia in 1983. In 2008, the company was listed on the Saudi Stock Exchange (Tadawul) under the symbol 8170.

The company is regulated by the Saudi Insurance Authority and is licensed to provide various types of insurance, including general, medical, motor, and protection & savings insurance. Al Etihad Cooperative Insurance Co maintains a wide network of offices and regional outlets across the Kingdom and is recognized for its experience and commitment to customer service.

The Actuarial Pricing Administrator Role

Al Etihad Cooperative Insurance Co is seeking an Actuarial Pricing Administrator to join its team in Al Khobar, Eastern Region. This is a full-time position suitable for candidates with 0-1 years of experience. The role involves supporting the Pricing team in various actuarial tasks and contributing to the implementation of pricing changes and data management.

Key Responsibilities

• Produce dashboards to track key portfolio metrics for the Pricing team.
• Assist in preparing Pricing templates and reports for submission to the Insurance Authority (IA).
• Study towards an Actuarial qualification from a recognized Actuarial body (*, IFoA/SOA/CAS).
• Implement price changes within the system.
• Respond to queries from internal stakeholders regarding Actuarial data.
• Learn programming and process automation techniques.
• Perform any other duties assigned by the direct manager within the scope of the job.

Required Experience

• Candidates should have 0-1 years of relevant experience.
• A commitment to studying for an Actuarial qualification is required.

Work Type and Location

This is a full-time position based in Al Khobar, within the Eastern Region of Saudi Arabia.