Actuarial Analyst📣 Job Ad

About the Actuarial Analyst Role at Cigna

Cigna Saudi Arabia, a branch of Cigna Worldwide Insurance Company, a leading global health insurer, is seeking to appoint an Actuarial Analyst. This full-time position is based in Riyadh and represents a new role as the local office expands its actuarial capabilities.

Role Purpose and Regional Focus

The primary focus of this role will be the KSA market, contributing to the development of the local actuarial function. The successful candidate will also collaborate closely with the broader Middle East and Africa actuarial team, supporting initiatives across these regions. Additionally, the role involves working with various internal business areas, including Sales, Underwriting, and Product Development.

Key Responsibilities

• Perform data analytics, reconciliations, and processing tasks.
• Conduct actuarial pricing for the Middle East and Africa region, including experience studies, setting book rates and pricing assumptions, methodology updates, and rate reviews.
• Support analytics related to medical cost drivers and trends to enhance the quality of actuarial analysis and reporting.
• Develop, test, and maintain pricing and underwriting tools.
• Support the monthly financial close process, including the reserving process, periodic review of key reserve assumptions, and communication of financial results drivers relative to forecast.
• Assist in the compilation of regulatory submissions.
• Collaborate closely with other teams such as Sales, Client Management, Underwriting, and Finance.

Required Qualifications and Experience

• 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.
• Not more than 3 years of work experience.

Desired Skills and Attributes

• Self-motivated and results-driven approach to work.
• A working knowledge of health insurance and related concepts, including clinical coding, reserving methods, and pricing approaches, is considered an advantage but is not a mandatory requirement.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia. Some regional travel may be required to support initiatives across the Middle East and Africa markets.