Actuarial Analyst
Job in
Riyadh, Riyadh Region, Saudi Arabia
Listed on 2026-06-12
Listing for:
Mutakamela Insurance
Full Time
position Listed on 2026-06-12
Job specializations:
-
Finance & Banking
Actuary, Risk Manager/Analyst, Financial Analyst -
Insurance
Actuary, Risk Manager/Analyst, Financial Analyst, Insurance Analyst
Job Description & How to Apply Below
Actuarial Analyst – Riyadh
As an Actuarial Analyst at Mutakamela Insurance, you will support pricing, reserving, financial modeling, and risk analysis to ensure the financial strength of our insurance products.
Key Responsibilities- Support pricing analysis and assist in developing insurance product rates
- Perform claims and reserving analysis using actuarial methods
- Develop and maintain actuarial models for projections, stress testing, and scenario analysis
- Assist with solvency and capital calculations (e.g., IFRS 17, RBC)
- Contribute to reinsurance analysis and portfolio profitability reviews
- Prepare actuarial reports and presentations for management and regulatory purposes
- Analyze data to identify trends and provide actionable business insights
- Ensure data accuracy and maintain high-quality actuarial reporting
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Economics, or a related field
- Around 1 year of actuarial experience
, preferably within an insurance company - Progress toward actuarial certification (SOA, IFoA, or similar) is a plus
- Strong analytical and problem-solving skills
- Advanced Microsoft Excel skills (formulas, pivot tables)
- Familiarity with actuarial software (e.g., Prophet, MoSes, ResQ, or similar)
- Knowledge of R, Python, SQL, or VBA is advantageous
- Understanding of insurance principles and regulatory frameworks such as IFRS 17 and RBC
- Integrity and accuracy in analysis
- Strong attention to detail
- Curiosity and analytical thinking
- Accountability and teamwork
Location:
Riyadh
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