Actuarial Analyst

Cigna Healthcare; Dubai; On-site; AED 180,000 - 240,000; Full time

Job summary

Cigna Healthcare in Dubai seeks an Actuarial Analyst to support pricing, analytics and reporting across the Middle East and Africa. You will work with Data & Analytics, Underwriting and Product Development to develop insights for informed business decisions.

The role requires an actuarial background, progress toward credentials and at least two years of regional health insurance experience. Excellent English communication is essential.

Qualifications

• Undergraduate degree in Actuarial Science, Mathematics, Finance or related field.
• Progress toward Associate credentials with IFoA or SOA.
• Commitment to pursuing Fellowship qualification.
• At least two years actuarial experience in the Middle East, preferably in health insurance.
• Strong communication and attention to detail; proficiency in English.

Responsibilities

• Data processing, reconciliations and analytics for MEA region.
• Actuarial pricing including experience studies and pricing assumptions.
• Support medical cost drivers and trend analytics for business decisions.
• Develop dashboards and reports to enhance analysis and reporting.
• Develop, test and maintain pricing and underwriting tools.
• Support monthly close, reserving and regulatory submissions.
• Collaborate with Data & Analytics, Underwriting and Finance.

Skills

Analytical thinking

Attention to detail

Communication skills

Self-motivated

Education

Actuarial Science/Mathematics/Finance degree

Tools

MS Office

R

SQL

Alteryx

Job description

Cigna Insurance Middle East, a leading health insurer, is looking to appoint an Actuarial Analyst based in Dubai. The successful candidate will work closely with the Middle East and Africa actuarial team and will support initiatives across both the local UAE health insurance market and the broader Middle East and Africa businesses. The individual will work closely with other business areas, including but not limited to Data & Analytics, Underwriting and Product Development, to develop insights to help the Company make informed business decisions. This position requires detailed analysis, independent judgment and discretion, and the ability to support a range of actuarial investigations.

Key Responsibilities

• Data processing, reconciliations and analytics.
• Actuarial pricing for the Middle East and Africa region, including experience studies, setting book rates and pricing assumptions, and methodology updates.
• Support analytics related to medical cost drivers and trends to support business decisions.
• Development of dashboards and reports to enhance the speed and 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 Data and Analytics, Underwriting and Finance.

Personal Profile

• An undergraduate degree in Actuarial Science, Mathematics, Finance or a related field.
• Some 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 two 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.

About Cigna Healthcare

Cigna Healthcare, a division of The Cigna Group, is an advocate for better health through every stage of life. We guide our customers through the health care system, empowering them with the information and insight they need to make the best choices for improving their health and vitality. Join us in driving growth and improving lives.

Qualified applicants will be considered without regard to race, color, age, disability, sex, childbirth (including pregnancy) or related medical conditions including but not limited to lactation, sexual orientation, gender identity or expression, veteran or military status, religion, national origin, ancestry, marital or familial status, genetic information, status with regard to public assistance, citizenship status or any other characteristic protected by applicable equal employment opportunity laws.