Actuarial

Bupa Arabia for Cooperative Insurance Company; Saudi Arabia; On-site; SAR 180,000 - 300,000; Full time

Job summary

Bupa Arabia for Cooperative Insurance Company is seeking an actuarial production professional to support reserving, regulatory reporting, pricing support and claims analytics. The role involves building technical craft in SAS, Python, R and Excel, while progressing actuarial exams on a company-supported pathway.

You will work as an entry-point into the actuarial profession, handling data extraction, model runs and governance tasks to ensure accuracy and timeliness across cycles.

Qualifications

• Extract, clean and reconcile data for the reserving cycle.
• Run triangulations and link-ratio analyses under Manager direction.
• Execute reserving model runs (IBNR, URR, LRC, LIC, risk adjustment) per methodology.
• Populate reserving packs, movement tables and supporting schedules.
• Flag data anomalies, outliers and unusual patterns to the Manager for review.
• Progress foundational actuarial exams and build cross-functional understanding through rotations.

Responsibilities

• Extract, clean and reconcile data for the reserving cycle.
• Run triangulations, basic development factor calculations and link-ratio analyses under Manager direction.
• Execute reserving model runs (IBNR, URR, LRC, LIC, risk adjustment) per the approved methodology and templates.
• Populate reserving pack sections, movement tables and supporting schedules.
• Flag data anomalies, outliers and unusual patterns to the Manager for review.
• Prepare data extracts, working papers and evidence packs for the external Appointed Actuary (Lux).
• Maintain version control and the submissions evidence file for each reporting cycle.

Skills

Reserving analysis

Data reconciliation

Regulatory reporting

Pricing support

Claims analytics

SQL

Excel

SAS

Python

IFRS 17 tooling

Tools

SAS

Python

R

SQL

Excel

Job description

Role Purpose:

Deliver hands-on actuarial production work as an individual contributor, supporting the Manager across reserving, regulatory reporting, pricing support and claims analytics. Run the technical grunt-work of the cycle data extraction, triangulation, model runs, template population, reconciliations to high accuracy and on time. Act as the entry-point into the actuarial profession: progress foundational actuarial exams, build technical craft, learn cross-functional context, and prepare to step up into a Manager role.

1-Reserving Production Support:

• Extract, clean and reconcile claims, premium and exposure data from source systems for the reserving cycle.
• Run triangulations, basic development factor calculations and link-ratio analyses under Manager direction.
• Execute reserving model runs (IBNR, URR, LRC, LIC, risk adjustment) per the approved methodology and templates.
• Populate reserving pack sections, movement tables and supporting schedules.
• Flag data anomalies, outliers and unusual patterns to the Manager for review.

2-Regulatory Reporting & AA Data Preparation:

• Populate SAMA, CCHI and CMA submission templates under Manager review.
• Reconcile regulatory outputs to the reserving pack, management reports and GL.
• Prepare data extracts, working papers and evidence packs for the external Appointed Actuary (Lux).
• Maintain version control and the submissions evidence file for each reporting cycle.
• Track regulatory deadlines on the team calendar and prompt ahead of cut-offs.

3-Pricing, Claims & Operations Analytics Support:

• Support pricing calculations for group renewals, SME and Retail as directed.
• Run loss-ratio, frequency, severity and utilization analyses by segment, cohort and benefit.
• Produce hands-on claims analytics for Operations: unit cost, network leakage, age / mix decomposition, pre-auth impact tracking.
• Refresh the Operations dashboards and medical inflation monitoring tools each cycle.
• Respond to ad-hoc analytical requests from the Manager and partner teams within agreed timelines.

4-Modelling, Data & Automation:

• Build and maintain supporting models in SAS, Python, R or Excel under Manager direction.
• Automate recurring analysis and reporting tasks to reduce manual effort.
• Contribute to data quality improvements, reconciliation routines and issue logs.
• Run validation and reasonableness checks on own outputs before handover for review.
• Document code, assumptions, inputs and outputs clearly to enable peer review.

5-Documentation & Governance:

• Maintain working papers, methodology notes and change logs to audit-ready standard.
• Apply doer-checker discipline and peer-review protocols on all outputs.
• Support internal audit, external audit and Appointed Actuary reviews by providing working papers on request.
• Keep the team's data-definition and methodology library up to date for own workstream.
• Participate in process-improvement initiatives and knowledge-transfer sessions.

6-Professional Development & Cross-Functional Learning:

• Progress foundational actuarial exams (SOA / IFoA / CAS) on the Company-supported pathway.
• Build cross-functional understanding of Underwriting, Claims, Pre-Auth, Operations and Finance through rotations, shadowing and cross-training.
• Actively participate in knowledge-transfer sessions, training and mentoring from senior members.
• Develop technical craft in SAS, Python, R, SQL, Excel and IFRS 17 tooling.
• Build strong working relationships with peers across the actuarial team and partner functions.