Actuarial Lead Analyst

1 month ago

Riyadh, Ar Riyāḑ, Saudi Arabia Cigna Full time
Cigna Saudi Arabia, a branch of Cigna Worldwide Insurance Company, a leading global health insurer, is looking to appoint an Actuarial Lead Analyst/Actuarial Advisor based in Riyadh. This is a new position reporting into the Head of 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, to develop and execute on strategic initiatives. This position requires utilizing independent judgment and discretion, detailed analysis, and the ability to support a range of actuarial investigations.

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.
  • Good progress towards Associate credentials with either the Institute and Faculty of Actuaries or the Society of Actuaries.
  • A commitment towards pursuing a Fellowship qualification.
  • At least three years of actuarial experience in the Middle East, preferably in health insurance.
  • Be self-motivated and results driven.
  • Good communication skills and strong attention to detail.
  • Strong proficiency in MS Office and data analytics (R, SQL, Alteryx or equivalent).
  • Excellent verbal and written English competence.
  • Some regional travel may be required.
Please note that we are currently welcoming applications from Saudi National only.

About The Cigna Group

Doing something meaningful starts with a simple decision, a commitment to changing lives. At The Cigna Group, we're 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.

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