Actuarial Analyst KSA

Cigna Health and Life Insurance Company; Riyadh; On-site; SAR 180,000 - 280,000; Full time

Job summary

Cigna Saudi Arabia is hiring an Actuarial Analyst based in Riyadh to support pricing and analytics across the Middle East and Africa markets. The role collaborates with Sales, Underwriting and Product Development on actuarial initiatives and regulatory submissions.

Ideal candidates hold an actuarial-related degree, are progressing toward associate credentials, and have strong English communication. Travel may be required to support regional teams.

Qualifications

• An undergraduate degree in Actuarial Science, Mathematics, Finance or a related field.
• Progress towards Associate credentials with IFoA or SOA.
• Commitment towards pursuing Fellowship qualification.
• Self-motivated with results-driven mindset.
• Good communication and attention to detail.
• Not more than 3 years of work experience.
• Working knowledge of health insurance concepts is advantageous.
• Experience with MS Office and data analytics tools (R/SQL/Alteryx) is a plus.

Responsibilities

• Data analytics, reconciliations, and processing.
• Actuarial pricing for MEA region, including studies and rate reviews.
• Support analytics on medical cost drivers and trends.
• Develop, test, and maintain pricing and underwriting tools.
• Support monthly financial close and reserving processes.
• Assist with regulatory submissions.
• Collaborate with Sales, Client Management, Underwriting and Finance.

Skills

MS Office

Data analytics

R

SQL

Alteryx

Excellent English communication

Education

Undergraduate degree in Actuarial Science, Mathematics, Finance or related field

Tools

R

SQL

Alteryx

Job description

Job Description: Actuarial Associate Analyst Cigna Saudi Arabia, a branch of Cigna Worldwide Insurance Company, a leading global health insurer, is looking to appoint an Actuarial Analyst based in Riyadh. This is a new position required as the local office develops its 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.

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.
• 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.
• Be self-motivated and results driven.
• Good communication skills and strong attention to detail.
• Not more than 3 years of work experience.
• A working knowledge of health insurance and related concepts, including clinical coding, reserving methods, pricing approaches etc, is not required but would an advantage.
• Experience with MS Office and data analytics (R, SQL, Alteryx or equivalent) will be an advantage.
• Excellent verbal and written English competence.
• Some regional travel may be required.

About The Cigna Group

Doing something meaningful starts with a simple decision, a commitment to changing lives. At The Cigna Group, we’re dedicated to improving the health and vitality of those we serve. Through our divisions Cigna Healthcare and Evernorth Health Services, we are committed to enhancing the lives of our clients, customers and patients. 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.

If you require reasonable accommodation in completing the online application process, please email: [e-mail] for support. Do not email [e-mail] for an update on your application or to provide your resume as you will not receive a response.

Doing something meaningful starts with a simple decision, a commitment to changing lives. At The Cigna Group, we’re dedicated to improving the health and vitality of those we serve. Through our divisions Cigna Healthcare and Evernorth Health Services, we are committed to enhancing the lives of our clients, customers and patients. Join us in driving growth and improving lives.