Actuarial Analyst KSA
Job Location:
Riyadh - Saudi Arabia
Monthly Salary:
Posted:
Application Deadline:
Vacancies:
Job Summary
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 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 were 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.
If you require reasonable accommodation in completing the online application process please email: for support. Do not email for an update on your application or to provide your resume as you will not receive a response.
Required Experience:
IC
Key Skills
- SQL
- Python
- Compliance
- Access
- Actuarial Models
- Acturial support
- Data Collection
- Powerpiont
- SAP
- Tableau
- Excel
- Mathematics
- VBA
- Data Analysis
- Statistical Analysis
About Company
Cigna Healthcare offers health insurance plans such as medical and dental to individuals and employers, international health insurance, and Medicare coverage.
