Actuarial Supervisor📣 Job Ad

About Allied Cooperative Insurance Group (ACIG)

Allied Cooperative Insurance Group (ACIG) is seeking an Actuarial Supervisor to join its team in Riyadh. This full-time position is integral to supporting the actuarial function and contributing to sound business decisions through data-driven analysis and actuarial expertise within the company.

The Actuarial Supervisor Role

The Actuarial Supervisor is responsible for overseeing day-to-day actuarial activities and ensuring the accuracy of actuarial analysis. This role provides critical support for pricing, reserving, financial reporting, and risk management, ensuring adherence to company policies, professional actuarial standards, and the regulatory requirements of the Insurance Authority.

Key Responsibilities

• Supervise actuarial analysis, pricing models, and technical calculations.
• Review and validate actuarial data to ensure completeness and accuracy.
• Support the valuation of technical provisions and insurance liabilities.
• Assist in developing and reviewing product pricing and underwriting assumptions.
• Monitor portfolio performance, claims trends, and emerging risks.
• Prepare actuarial reports, management information, and regulatory submissions.
• Support financial reporting through actuarial analysis and technical inputs.
• Identify opportunities to enhance actuarial models, automation, and analytical processes.
• Supervise and mentor actuarial analysts while supporting their professional development.

Collaboration and Strategic Impact

This position involves close collaboration with various departments, including Underwriting, Finance, Claims, Reinsurance, and Risk Management, as well as senior management. The aim of this collaboration is to support overall profitability, financial stability, and informed decision-making across the organization. The Actuarial Supervisor also ensures continuous compliance with actuarial standards, company policies, and Insurance Authority regulations.

Required Experience and Skills

Candidates for this role should possess 5-10 years of experience as an actuarial professional. The position requires strong analytical capabilities, meticulous attention to detail, and a proven ability to apply actuarial expertise to drive business performance.

Application Information

We invite qualified professionals ready to assume a supervisory role to apply and become part of our team at Allied Cooperative Insurance Group (ACIG).