Senior Reinsurance Actuary — IMEA Analytics Leader (Saudi)

Marsh; Al Khobar; On-site; SAR 350,000 - 650,000; Full time

Job summary

Marsh is seeking a Senior Actuary to join our Actuarial Analytics team in Saudi Arabia, based in Riyadh or Khobar. You will support clients across the IMEA region by delivering robust analytics informing reinsurance strategy and client decisions.

You will collaborate with brokers and stakeholders to develop actionable insights, build loss projections, and structure reinsurance solutions while navigating governance standards.

Qualifications

• Eight or more years of relevant actuarial, insurance or reinsurance analytics experience.
• Qualified or near-qualified actuary (FIAI, FIA, FCAS or equivalent).
• Strong commercial awareness and the ability to connect technical findings to practical market outcomes.
• Ability to communicate complex analytical concepts clearly to both technical and non-technical audiences.
• Ability to manage multiple priorities and deliver to tight timelines.

Responsibilities

• Partner with reinsurance brokers to support portfolio strategy, client engagement and business-growth initiatives.
• Perform technical assessments of general insurance portfolios, including pricing adequacy, volatility analysis, retention optimisation and reinsurance structuring.
• Develop, validate and interpret analytical outputs using sound actuarial judgement and first-principles thinking.
• Build and review loss projections, stress scenarios and portfolio performance metrics to support reinsurance decisions.
• Translate technical analysis into commercially relevant insight and clear, market-facing narratives.
• Support the structuring and optimisation of proportional and non-proportional reinsurance solutions, including quota share, excess of loss and hybrid arrangements.
• Collaborate with brokers and regional stakeholders on client presentations, strategic discussions and renewal negotiations.
• Use internal tools, including MetaRisk and portfolio models, as well as bespoke analytical frameworks, to develop practical reinsurance solutions.
• Challenge assumptions, validate methodologies and ensure outputs are technically robust, commercially relevant and aligned with governance standards.
• Take ownership of deliverables within established peer-review and oversight frameworks.
• Contribute to analytics-framework development, process improvement and knowledge-sharing across regional teams.
• Build strong working relationships with brokers, clients, reinsurers and internal stakeholders across IMEA.

Skills

FIAI/FIA/FCAS

Actuarial analytics

Stakeholder communication

Education

Actuarial Science degree

Mathematics/Statistics/Engineering/Data Science degree

Tools

R

Python

SQL

Alteryx

Power BI

Job description

Marsh is seeking a Senior Actuary to join our Actuarial Analytics team in Saudi Arabia, based in Riyadh or Khobar. You will support clients across the IMEA region by delivering robust analytics informing reinsurance strategy and client decisions.

You will collaborate with brokers and stakeholders to develop actionable insights, build loss projections, and structure reinsurance solutions while navigating governance standards.