Job description
Role Overview
Cigna Saudi Arabia seeks an Actuarial Analyst to join the Riyadh office. This new position supports the development of the local actuarial function with primary focus on the KSA market, while collaborating with the broader Middle East and Africa actuarial team.
Company Overview
Cigna Saudi Arabia is a branch of Cigna Worldwide Insurance Company, a leading global health insurer. Through its divisions Cigna Healthcare and Evernorth Health Services, the organization is committed to enhancing the lives of clients, customers and patients and improving the health and vitality of those it serves.
Role Purpose
The Actuarial Analyst will develop and support actuarial capabilities for the KSA market while working closely with regional teams across the Middle East and Africa. The role will partner with Sales, Underwriting, Product Development, Client Management and Finance to deliver pricing, analytics and financial reporting support.
Key Responsibilities
Analytics & Data Management
- Execute data analytics, reconciliations and processing activities.
- Support analytics related to medical cost drivers and trends to enhance quality of actuarial analysis and reporting.
Pricing & Underwriting
- Deliver actuarial pricing for the Middle East and Africa region, including experience studies, setting book rates and pricing assumptions, methodology updates and rate reviews.
- Develop, test and maintain pricing and underwriting tools.
Financial Reporting & Reserving
- Support the monthly financial close, including supporting the reserving process.
- Conduct periodic review of key reserve assumptions.
- Communicate drivers of financial results relative to forecast.
Regulatory & Stakeholder Management
- Support the compilation of regulatory submissions.
- Collaborate closely with Sales, Client Management, Underwriting and Finance teams.
Qualifications & Experience
- 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.
- Commitment towards pursuing a Fellowship qualification.
- No more than 3 years of work experience.
- Working knowledge of health insurance and related concepts, including clinical coding, reserving methods and pricing approaches, is advantageous but not required.
Skills & Competencies
- Self-motivated and results driven.
- Good communication skills and strong attention to detail.
- Excellent verbal and written English competence.
- Experience with MS Office and data analytics tools (R, SQL, Alteryx or equivalent) is advantageous.
Additional Information
- Some regional travel may be required.
- 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.
- Reasonable accommodation is available in the application process; contact SeeYourselfEMEA@cigna.com for support.