Coop Actuarial

About the Coop Actuarial Role at Bupa Arabia

Bupa Arabia is seeking a Coop Actuarial professional to join its team in Jeddah or Makkah. This full-time role is designed for individuals with 0-1 year of experience, serving as an entry point into the actuarial profession. The successful candidate will contribute to actuarial production work, supporting the Manager across various functions including reserving, regulatory reporting, pricing support, and claims analytics.

Key Responsibilities

• Perform hands-on actuarial production tasks, including data extraction, triangulation, model runs, template population, and reconciliations.
• Support reserving production by extracting, cleaning, and reconciling claims, premium, and exposure data, and executing reserving model runs per approved methodologies.
• Assist with regulatory reporting and Appointed Actuary data preparation, populating submission templates for SAMA, CCHI, and CMA, and reconciling regulatory outputs.
• Provide support for pricing, claims, and operations analytics, running loss-ratio, frequency, severity, and utilization analyses, and producing claims analytics for Operations.
• Contribute to modeling, data, and automation efforts by building and maintaining supporting models in SAS, Python, R, or Excel, and automating recurring tasks.
• Maintain documentation and governance standards, including working papers, methodology notes, and change logs to an audit-ready standard.

Professional Development and Learning

This role emphasizes professional growth and cross-functional understanding. The Coop Actuarial professional will:

• Progress foundational actuarial exams (SOA / IFoA / CAS) through the Company-supported pathway.
• Build cross-functional understanding of Underwriting, Claims, Pre-Auth, Operations, and Finance through rotations, shadowing, and cross-training.
• Actively participate in knowledge-transfer sessions, training, and mentoring from senior team members.
• Develop technical skills in SAS, Python, R, SQL, Excel, and IFRS 17 tooling.
• Foster strong working relationships with peers across the actuarial team and partner functions.

Required Qualifications and Skills

• 0-1 year of experience, suitable for an entry-level professional.
• Strong analytical and quantitative skills.
• Ability to work accurately and on time with technical data.
• Proficiency in data extraction, manipulation, and reconciliation.
• Familiarity with actuarial concepts and methodologies is beneficial.
• Excellent communication skills for flagging anomalies and documenting work.

Work Environment

This is a full-time position based in either Jeddah or Makkah, within a collaborative actuarial team. The role requires an individual contributor who can manage technical tasks with high accuracy and adherence to timelines, while also engaging in continuous professional development.