Vice President – Reinsurance Actuary

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

Location: Saudi Arabia – Riyadh or Khobar

About The Role

Guy Carpenter is seeking a high-performing, technically adept Senior Actuary to join our Actuarial Analytics team in Saudi Arabia, based in Riyadh or Khobar. The role will support clients across the IMEA region.

This commercially relevant position combines rigorous actuarial analysis with practical business insight. You will work closely with reinsurance brokers and senior stakeholders to deliver analytics that inform reinsurance strategy, client decisions and regional growth.

Key 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.

Why this role

• Based in Saudi Arabia, with exposure to multi-market IMEA portfolios.
• Opportunity to support high-impact reinsurance and portfolio decisions.
• Strong development opportunity across technical, commercial and client-facing dimensions.
• A role with meaningful regional visibility and stakeholder engagement.

What You Need To Have

• Qualified or near-qualified actuary (FIAI, FIA, FCAS or equivalent).
• Bachelor’s or Master’s degree in Actuarial Science, Mathematics, Statistics, Engineering, Data Science or another quantitative discipline.
• Eight or more years of relevant actuarial, insurance or reinsurance analytics experience.
• Strong technical understanding of actuarial principles, portfolio analytics and reinsurance structures.
• Ability to independently assess analytical reasonableness, validate outputs and identify inconsistencies or flawed assumptions.
• 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.
• Strong attention to detail, ownership mindset and accountability for quality.
• Ability to manage multiple priorities and deliver to tight timelines.
• Collaborative working style with strong stakeholder-management skills.

What Makes You Stand Out

• Experience with a reinsurance broker, reinsurer or insurer.
• Exposure to client-facing discussions, renewal support or reinsurance-placement strategy.
• Experience across multiple markets and product lines in a regional setting.
• Familiarity with R, Python, SQL, Alteryx, Power BI or similar analytical and visualisation tools.
• Ability to balance technical depth with commercial practicality and clear communication.

Why join Guy Carpenter

• Professional development opportunities, engaging work and supportive leadership.
• A vibrant, inclusive culture that fosters collaboration and innovation.
• A broad range of career opportunities and benefits designed to support wellbeing.

Join our team in Saudi Arabia and help create impactful solutions for clients and communities across the IMEA region.

Marsh (NYSE: MRSH) is a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit marsh.com, or follow us on LinkedIn and X.

Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age, background, disability, ethnic origin, family duties, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, skin color, or any other characteristic protected by applicable law.