Riyadh, Saudi Arabia
Salary not specified
Posted
Full-time
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Job Description

mรฉtier - Strategic HR Solutions is hiring a ๐’๐ž๐ง๐ข๐จ๐ซ ๐๐ซ๐ข๐œ๐ข๐ง๐  ๐€๐œ๐ญ๐ฎ๐š๐ซ๐ฒ for a leading insurance firm in the GCC. This is a senior actuarial pricing role focused on developing and enhancing pricing models, strengthening pricing governance, monitoring portfolio performance, and supporting data-driven pricing decisions across commercial and retail insurance portfolios. The role will work closely with underwriting, claims, reinsurance, and actuarial stakeholders, while also contributing to the adoption of automation, advanced analytics, and AI within the pricing function. ๐Š๐ž๐ฒ ๐‘๐ž๐ฌ๐ฉ๐จ๐ง๐ฌ๐ข๐›๐ข๐ฅ๐ข๐ญ๐ข๐ž๐ฌ - Design, develop, and maintain sophisticated actuarial pricing and rating models, ensuring technical adequacy and commercial competitiveness. - Establish and maintain a robust pricing governance framework, including approval processes, model validation, documentation, and pricing standards. - Monitor portfolio performance and identify emerging trends, risks, and opportunities to improve pricing adequacy and profitability. - Provide actuarial insights and recommendations to support underwriting and portfolio management decisions. - Champion the adoption of AI, automation, and advanced analytics to enhance pricing workflows and improve analytical efficiency. - Work closely with underwriting, claims, reinsurance, and other business functions to support effective pricing and portfolio management. - Ensure compliance with applicable regulatory requirements, actuarial standards, and internal governance frameworks. - Lead, mentor, and develop junior actuaries and analysts. - Contribute to the continuous enhancement of pricing methodologies, tools, processes, and actuarial capabilities. ๐๐ฎ๐š๐ฅ๐ข๐Ÿ๐ข๐œ๐š๐ญ๐ข๐จ๐ง๐ฌ & ๐„๐ฑ๐ฉ๐ž๐ซ๐ข๐ž๐ง๐œ๐ž - Fully qualified actuary โ€“ FIA, FSA, FCAS, or equivalent recognized actuarial qualification is mandatory. - Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative discipline. - 10+ years of actuarial experience, with significant experience in General Insurance pricing. - Strong experience in actuarial pricing, rating models, and portfolio performance analysis. - Strong commercial lines experience, particularly across Marine, Property, and Energy is essential. - Retail and/or Medical insurance experience will be an advantage. - Good knowledge of reserving methodologies and their application within General Insurance. - Previous GCC insurance experience will be highly advantageous. - Willingness to relocate within the GCC. ๐‘๐ž๐ช๐ฎ๐ข๐ซ๐ž๐ฆ๐ž๐ง๐ญ๐ฌ - Strong technical and commercial understanding of General Insurance pricing. - Strong knowledge of SQL and R, or similar statistical/programming tools capable of handling large datasets. - Experience with data visualization, coding, automation, or advanced analytics is desirable. - Excellent written and verbal English communication skills. - Strong stakeholder management and influencing skills. - Ability to work collaboratively with underwriting, claims, reinsurance, and actuarial teams.

About mรฉtier - Strategic HR Solutions

Professional Services
United Arab Emirates
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