AVP Reinsurance Actuary

About the Role

Intelligent Solutions HR is seeking an AVP - Reinsurance Actuary for a leading client in the insurance and reinsurance sector. This full-time position is based in Riyadh, Saudi Arabia. The role involves a leadership capacity at the intersection of analytics, strategy, and client advisory, focusing on shaping reinsurance solutions and influencing portfolio strategy.

Role Context

The successful candidate will deliver data-driven insights to support complex business decisions across regional and international markets. This position offers exposure to senior stakeholders, challenging reinsurance programs, and strategic initiatives within a dynamic and collaborative environment.

Key Responsibilities

• Partner with brokers, clients, and internal stakeholders to support portfolio strategy, business growth, and reinsurance decision-making.
• Perform actuarial and portfolio analyses across general insurance portfolios, including pricing adequacy, volatility assessments, retention optimization, and reinsurance structuring.
• Develop, validate, and interpret actuarial models, loss projections, stress-testing scenarios, and portfolio performance metrics.
• Support the design and optimization of proportional and non-proportional reinsurance structures, such as quota share, excess of loss, and hybrid arrangements.
• Translate complex technical analyses into clear commercial insights and strategic recommendations for clients and business leaders.
• Collaborate on client presentations, renewal negotiations, placement strategies, and market-facing initiatives.
• Review methodologies, challenge assumptions, and ensure analytical outputs meet governance, quality, and regulatory standards.
• Contribute to the development of actuarial frameworks, analytical tools, and process improvement initiatives.
• Support business development efforts through technical expertise, market insights, and client engagement activities.
• Build and maintain relationships with clients, brokers, reinsurers, and regional stakeholders.

Qualifications and Requirements

• Bachelor’s or Master’s degree in Actuarial Science, Mathematics, Statistics, Engineering, Data Science, or a related quantitative discipline.
• Qualified or Near-Qualified Actuary (FIA, FIAI, FCAS, or equivalent).
• Minimum 8+ years of experience in actuarial, reinsurance analytics, or portfolio management.
• Strong understanding of actuarial principles, portfolio analytics, reinsurance pricing methodologies, and treaty structures.
• Proven experience assessing risk, validating analytical outputs, and delivering commercially relevant recommendations.
• Strong knowledge of proportional and non-proportional reinsurance solutions.
• Experience within a reinsurance broker, reinsurer, or insurance company environment is preferred.
• Exposure to client-facing engagements, renewal strategies, and reinsurance placement activities.
• Proficiency in actuarial and analytical tools such as R, Python, SQL, Alteryx, or Power BI is advantageous.

Required Skills

• Excellent communication, presentation, stakeholder management, and relationship-building skills.
• Strong commercial acumen combined with analytical and problem-solving capabilities.
• Ability to manage multiple priorities and deliver high-quality outcomes in a fast-paced environment.

Application Process

Candidates interested in this role are encouraged to apply.