Senior Actuarial Analyst

Aon; Riyadh; On-site; SAR 150,000 - 200,000; Full time

Job summary

A global risk management firm is seeking a Senior Actuarial Analyst in Riyadh. The role involves leveraging actuarial expertise to provide client-focused solutions through data analysis, modeling, and strategic recommendations. Candidates should have a relevant Bachelor's degree and 2-3 years of experience in health insurance. Proficient skills in MS Excel and communication are essential. This position supports a diverse and inclusive workplace while adhering to local labor regulations.

Qualifications

• 2-3 years of actuarial experience, preferably in health insurance or employee benefits.
• Advanced proficiency in Excel and PowerPoint.
• Strong communication skills to explain technical data.

Responsibilities

• Analyze claims data and trends to provide client insights.
• Develop actuarial models for claim projection.
• Support client renewals and review carrier quotes.
• Negotiate terms with carriers and advise on actuarial matters.

Skills

Data analysis

Actuarial modeling

Communication

Project management

Data analytics

Education

Bachelor's degree in actuarial science, Mathematics, Statistics, Finance, or a related field

Tools

MS Excel

MS PowerPoint

VBA

SQL

Power BI

Job description

As a Senior Actuarial Analyst within Aon’s Health Solutions team in our Riyadh office in the, you will leverage your actuarial expertise and industry experience to deliver advanced analytical support and strategic recommendations to our clients. In this role, you will proactively evaluate complex benefit plan data, refine cost projections, and contribute to client-focused solutions while working with diverse teams and stakeholders.

Key Responsibilities

• Analyze claims data, plan demographics, and utilization to identify trends and drive actionable client insights.
• Develop and refine actuarial models for claim projection and rate setting.
• Provide market benchmarks for medical benefits schemes and assess the impact of product changes.
• Support client renewals by reviewing carrier quotes, underwriting assumptions, and summarizing cost drivers for client presentations.
• Contribute to strategic recommendations, such as plan design changes, cost containment strategies, and wellness initiatives.
• Prepare and present analytical findings to clients and internal stakeholders, translating complex data into actionable insights and recommendations.
• Collaborate with carriers to negotiate favorable terms and communicate actuarial advice.
• Monitor regulatory updates and industry trends impacting health insurance plans and rating methodologies.

Qualifications

• Bachelor’s degree in actuarial science, Mathematics, Statistics, Finance, or a related field.
• 2-3 years of actuarial experience, preferably within health insurance or employee benefits brokerage/consulting.
• Advanced proficiency in MS PowerPoint, Excel, and data analytics; experience with VBA, SQL, or Power BI is desirable.
• Strong communication skills with proven ability to explain technical data to non-actuarial audiences.
• Effective project management skills and ability to handle multiple client deliverables under tight deadlines.

KSA HR Notice

Aon is committed to fostering a work environment in compliance with the Kingdom of Saudi Arabia’s local labor regulations and Saudization requirements. We encourage applications from qualified Saudi nationals. All hiring practices and employment terms will adhere to the Kingdom’s labor policies. We ensure fair consideration and equal opportunity to all candidates, supporting a diverse and inclusive workplace.

About Aon

Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Our colleagues provide customers in over 120 countries and sovereignties with expertise across risk, retirement, and health solutions. Aon is dedicated to fostering an inclusive culture, developing talent, and helping clients make better decisions that drive business success.