Actuarial Analyst📣 Job Ad

About the Actuarial Analyst Role

The Cigna Group is seeking an Actuarial Analyst to join its developing actuarial function in Riyadh. This full-time position will focus primarily on the KSA market while collaborating closely with the broader Middle East and Africa actuarial team to support regional initiatives. The role also involves working alongside various business units, including Sales, Underwriting, and Product Development.

Key Responsibilities

• Conducting data analytics, reconciliations, and processing.
• Performing actuarial pricing for the Middle East and Africa region, which includes experience studies, setting book rates and pricing assumptions, methodology updates, and rate reviews.
• Supporting analytics related to medical cost drivers and trends to improve actuarial analysis and reporting quality.
• Developing, testing, and maintaining pricing and underwriting tools.
• Assisting with the monthly financial close, including supporting the reserving process, periodic review of key reserve assumptions, and communicating financial result drivers relative to forecast.
• Supporting the compilation of regulatory submissions.
• Collaborating closely with other teams such as Sales, Client Management, Underwriting, and Finance.

Qualifications and Experience

• An undergraduate degree in Actuarial Science, Mathematics, Finance, or a related field.
• Demonstrated progress towards Associate credentials with either the Institute and Faculty of Actuaries or the Society of Actuaries.
• A commitment to pursuing a Fellowship qualification.
• 0-1 years of relevant work experience.

Required Skills and Attributes

• Self-motivated and results-driven.
• Good communication skills and strong attention to detail.
• Excellent verbal and written English competence.
• A working knowledge of health insurance and related concepts, including clinical coding, reserving methods, and pricing approaches, would be an advantage.
• Experience with MS Office and data analytics tools such as R, SQL, or Alteryx, or equivalent, will be an advantage.
• Willingness to undertake some regional travel may be required.

Work Location and Type

This is a full-time position based in Riyadh, Saudi Arabia.