The job profile for this position is Actuarial Lead Analyst, which is a Band 3 Senior Contributor Career Track Role.
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Cigna Saudi Arabia, a branch of Cigna Worldwide Insurance Company, a leading global health insurer, is looking to appoint an Actuarial Lead Analyst/Actuarial Advisor based in Riyadh. This is a new position reporting into the Head of Actuarial Function. While the main area of focus will be the KSA market, the successful candidate will work closely with the broader Middle East and Africa actuarial team and will support initiatives across these markets. The individual will also work closely with other business areas, including but not limited to Sales, Underwriting, and Product Development, to develop and execute on strategic initiatives. This position requires utilizing independent judgment and discretion, detailed analysis, and the ability to support a range of actuarial investigations.
Key Responsibilities
Data analytics, reconciliations, and processing.
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 quality of actuarial analysis and reporting.
Developing, testing and maintenance of pricing and underwriting tools.
Support the monthly financial close, including supporting the reserving process, periodic review of key reserve assumptions, and communicating drivers of financial results relative to forecast.
Supporting the compilation of regulatory submissions.
Close collaboration with other teams including Sales, Client Management, Underwriting and Finance.
Personal Profile
An undergraduate degree in Actuarial Science, Mathematics, Finance or a related field.
Good progress towards Associate credentials with either the Institute and Faculty of Actuaries or the Society of Actuaries.
A commitment towards pursuing a Fellowship qualification.
At least three years of actuarial experience in the Middle East, preferably in health insurance.
Be self-motivated and results driven.
Good communication skills and strong attention to detail.
Strong proficiency in MS Office and data analytics (R, SQL, Alteryx or equivalent).
Excellent verbal and written English competence.
Some regional travel may be required.
Please note that we are currently welcoming applications from Saudi National only.
Please note that you must meet our posting guidelines to be eligible for consideration. Policy can be reviewed at this link.
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