About this role
The job profile for this position is Actuarial Associate Analyst, which is a Band 2 Senior Contributor Career Track Role.
Excited to grow your career?
We value our talented employees, and whenever possible strive to help one of our associates grow professionally before recruiting new talent to our open positions. If you think the open position you see is right for you, we encourage you to apply!
Our people make all the difference in our success.
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.
Please note that you must meet our posting guidelines to be eligible for consideration. Policy can be reviewed at this link.
Other facts
About The Cigna Group
The Cigna Group is a global health company committed to creating a better future built on the vitality of every individual and every community. We relentlessly challenge ourselves to partner and innovate solutions for better health.
The Cigna Group includes products and services marketed under Cigna Healthcare, Evernorth Health Services or its subsidiaries. The Cigna Group maintains sales capabilities in more than 30 countries and jurisdictions, and has more than 190 million customer relationships around the world.
What you'll do
- The Actuarial Analyst will focus on data analytics, actuarial pricing, and support financial processes. They will collaborate with various teams to enhance actuarial analysis and reporting.
Ready to join The Cigna Group?
Take the next step in your career journey