Vice President Reinsurance Actuary

About the Role

Marsh is seeking a Vice President Reinsurance Actuary to join the Actuarial Analytics team in Saudi Arabia. This full-time position can be based in either Riyadh or Al Khobar and will support clients across the IMEA region. The role involves combining actuarial analysis with business insight to inform reinsurance strategy and client decisions.

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 optimization, and reinsurance structuring.
• Develop, validate, and interpret analytical outputs using 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 optimization 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

• 5-10 years of experience with a reinsurance broker, reinsurer, or insurer.
• Exposure to client-facing discussions, renewal support, or reinsurance-placement strategy.
• Experience across multiple markets and product lines in a regional setting.
• Familiarity with R, Python, SQL, Alteryx, Power BI, or similar analytical and visualization tools.
• Ability to balance technical depth with commercial practicality and clear communication.

Work Environment and Development

This role is based in Saudi Arabia, offering exposure to multi-market IMEA portfolios. It provides an opportunity to support high-impact reinsurance and portfolio decisions, with strong development opportunities across technical, commercial, and client-facing dimensions. The position involves meaningful regional visibility and stakeholder engagement within a vibrant, inclusive culture that fosters collaboration and innovation.

About Marsh

Marsh (NYSE: MRSH) is a global leader in risk, reinsurance, capital, people and investments, and management consulting. The company advises clients in 130 countries and is committed to embracing a diverse, inclusive, and flexible work environment.

Application

Join our team in Saudi Arabia to contribute to impactful solutions for clients and communities across the IMEA region.