Actuarial Analyst KSA

Cigna; Saudi Arabia; On-site; SAR 120,000 - 180,000; Full time

Job summary

Cigna Saudi Arabia in Riyadh is seeking an Actuarial Analyst to join the growing actuarial function. The role focuses on data analytics, pricing for the Middle East and Africa region, and collaboration with Sales, Underwriting and Product Development.

You will support monthly close, reserve assumptions, and regulatory submissions while pursuing actuarial credentials. Ideal candidates have an undergraduate degree in actuarial science or similar, limited work experience, and strong English

Qualifications

• Undergraduate degree in Actuarial Science, Mathematics, Finance or related field.
• Some progress towards Associate credentials with IFoA or SOA.
• Commitment towards pursuing Fellowship.
• Be self-motivated and results driven.
• Good communication skills and strong attention to detail.
• Not more than 3 years of work experience.
• Knowledge of health insurance concepts is advantageous.

Responsibilities

• Data analytics reconciliations and processing.
• Actuarial pricing for MEA region including experience studies and pricing assumptions.
• Support analytics related to medical cost drivers and trends for actuarial analysis and reporting.
• Develop, test, and maintain pricing and underwriting tools.
• Support monthly financial close including reserving process and communicating drivers of results.
• Assist in compiling regulatory submissions.

Skills

Data analytics

Communication

Attention to detail

Self-motivated

Results-driven

Education

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

Tools

MS Office

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

Qualifications

• 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.