Actuary

Job Summary

About the Role

The Company is seeking an experienced Actuary to provide actuarial leadership across product development pricing reserving risk management and strategic decision-making. Reporting directly to the CEO the successful candidate will play a critical role in supporting the companys financial strength profitability regulatory compliance and long-term growth objectives within the Saudi health insurance market.

The role is open to all FIA qualified nationalities.

Key Responsibilities

Product Development & Pricing

• Lead actuarial support for the development of health insurance products.
• Design pricing methodologies and rating structures to ensure profitability.
• Evaluate product performance and recommend enhancements based on market analysis.

Actuarial Analysis & Reserving

• Conduct actuarial studies and technical assessments across the portfolio.
• Perform reserve valuations and monitor claims development trends.
• Ensure actuarial assumptions and methodologies remain robust and appropriate.

Risk Management & Reinsurance

• Support reinsurance strategy programme design and optimisation.
• Assess insurance and portfolio risks through quantitative modelling.
• Provide actuarial input into enterprise risk management initiatives.

Financial Performance & Profitability

• Conduct profitability testing and product feasibility assessments.
• Analyse key performance indicators and emerging business trends.
• Deliver recommendations to enhance underwriting and financial outcomes.

Strategic Planning & Business Advisory

• Act as a trusted advisor to the CEO and Executive Management Team.
• Support strategic initiatives aimed at increasing market share and growth.
• Provide actuarial insights to support business planning and decision-making.

Reporting & Stakeholder Management

• Prepare actuarial reports for Executive Management and Board Committees.
• Develop presentations dashboards and management information packs.
• Maintain effective relationships with external appointed actuaries and regulators.

Technical Leadership & Capability Development

• Develop actuarial models tools and methodologies to improve underwriting accuracy.
• Support the creation of technical training programmes for underwriting teams.
• Promote actuarial best practice and continuous improvement across the organisation.

Education & Qualifications

• Bachelors Degree in Actuarial Science Mathematics Statistics Economics Finance or a related discipline.
• Fellow of an Actuarial Organisation that has an examinations based qualification
• Minimum 5 years of actuarial experience within health insurance or medical insurance
• Strong expertise in pricing reserving risk management and profitability analysis.
• Experience working within GCC insurance markets is highly desirable.
• Advanced analytical modelling and data interpretation skills.
• Strong commercial awareness and strategic business acumen.
• Excellent stakeholder management and executive communication capabilities.

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