Vice President Reinsurance Actuary

About the Role

Guy Carpenter is seeking a Vice President – Reinsurance Actuary to join the Actuarial Analytics team in Saudi Arabia. This full-time position is based in either Riyadh or Al Khobar and involves rigorous actuarial analysis combined with practical business insight. The role requires 5-10 years of experience and offers exposure to multi-market IMEA portfolios.

Role Context and Impact

This position involves working closely with reinsurance brokers and senior stakeholders to deliver analytics that inform reinsurance strategy, client decisions, and regional growth. The successful candidate will support high-impact reinsurance and portfolio decisions, contributing to impactful solutions for clients and communities across the IMEA region.

Key Responsibilities

• Partner with reinsurance brokers to support portfolio strategy, client engagement, and business-growth initiatives.
• Perform technical assessments of general insurance portfolios, including pricing adequacy, volatility analysis, retention optimisation, and reinsurance structuring.
• Develop, validate, and interpret analytical outputs using sound actuarial judgment and first-principles thinking.
• Build and review loss projections, stress scenarios, and portfolio performance metrics to support reinsurance decisions.
• Translate technical analysis into commercially relevant insight and clear, market-facing narratives.
• Support the structuring and optimisation of proportional and non-proportional reinsurance solutions, including quota share, excess of loss, and hybrid arrangements.
• Collaborate with brokers and regional stakeholders on client presentations, strategic discussions, and renewal negotiations.
• Utilize internal tools, including MetaRisk and portfolio models, as well as bespoke analytical frameworks, to develop practical reinsurance solutions.
• Challenge assumptions, validate methodologies, and ensure outputs are technically robust, commercially relevant, and aligned with governance standards.
• Take ownership of deliverables within established peer-review and oversight frameworks.
• Contribute to analytics-framework development, process improvement, and knowledge-sharing across regional teams.
• Build strong working relationships with brokers, clients, reinsurers, and internal stakeholders across IMEA.

Qualifications and Experience

• Qualified or near-qualified actuary (FIAI, FIA, FCAS or equivalent).
• Bachelor’s or Master’s degree in Actuarial Science, Mathematics, Statistics, Engineering, Data Science, or another quantitative discipline.
• Eight or more years of relevant actuarial, insurance, or reinsurance analytics experience.

Required Skills

• Strong technical understanding of actuarial principles, portfolio analytics, and reinsurance structures.
• Ability to independently assess analytical reasonableness, validate outputs, and identify inconsistencies or flawed assumptions.
• Strong commercial awareness and the ability to connect technical findings to practical market outcomes.
• Ability to communicate complex analytical concepts clearly to both technical and non-technical audiences.
• Strong attention to detail, ownership mindset, and accountability for quality.
• Ability to manage multiple priorities and deliver to tight timelines.
• Collaborative working style with strong stakeholder-management skills.