Actuarial Analyst KSA

The Cigna Group; Riyadh; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading global health insurer is seeking an Actuarial Associate Analyst in Riyadh. This role supports data analytics and actuarial pricing initiatives primarily across the KSA market and the Middle East and Africa region. Candidates should have an undergraduate degree in Actuarial Science or a related field and some progress towards actuarial credentials. Excellent communication skills and proficiency in data analytics tools will be advantageous. Join us to make a meaningful impact in health insurance.

Qualifications

• Some progress towards Associate credentials with either the Institute and Faculty of Actuaries or the Society of Actuaries.
• Not more than 3 years of work experience.
• Excellent verbal and written English competence.

Responsibilities

• Conduct data analytics, reconciliations, and processing.
• Perform actuarial pricing for the Middle East and Africa.
• Support monthly financial close and reserving processes.

Skills

Data analytics

Financial analysis

Health insurance knowledge

MS Office

R

SQL

Alteryx

Strong communication skills

Education

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

Job description

Overview

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 be 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.

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