AVP - Reinsurance Actuary

We are hiring for our client, a leading organisation within the insurance and reinsurance sector, seeking an accomplished AVP - Reinsurance Actuary to join their growing team in Riyadh.

This is an excellent opportunity for a commercially minded actuarial professional to take on a highly visible leadership role at the intersection of analytics, strategy, and client advisory. The successful candidate will play a key role in shaping reinsurance solutions, influencing portfolio strategy, and delivering data-driven insights that support complex business decisions across regional and international markets.

The role offers exposure to senior stakeholders, challenging reinsurance programmes, and high-impact strategic initiatives within a dynamic and collaborative environment.

• Partner closely with brokers, clients, and internal stakeholders to support portfolio strategy, business growth, and reinsurance decision-making.
• Perform actuarial and portfolio analyses across general insurance portfolios, including pricing adequacy, volatility assessments, retention optimisation, and reinsurance structuring.
• Develop, validate, and interpret actuarial models, loss projections, stress-testing scenarios, and portfolio performance metrics.
• Support the design and optimisation of proportional and non-proportional reinsurance structures, including quota share, excess of loss, and hybrid arrangements.
• Translate complex technical analyses into clear commercial insights and strategic recommendations for clients and business leaders.
• Collaborate on client presentations, renewal negotiations, placement strategies, and market-facing initiatives.
• Review methodologies, challenge assumptions, and ensure analytical outputs meet governance, quality, and regulatory standards.
• Contribute to the development of actuarial frameworks, analytical tools, and process improvement initiatives.
• Support business development efforts through technical expertise, market insights, and client engagement activities.
• Build and maintain strong relationships with clients, brokers, reinsurers, and regional stakeholders.

• Bachelor’s or Master’s degree in Actuarial Science, Mathematics, Statistics, Engineering, Data Science, or a related quantitative discipline.
• Qualified or Near-Qualified Actuary (FIA, FIAI, FCAS, or equivalent).
• Minimum 8+ years of experience in actuarial, reinsurance analytics, or portfolio management.
• Strong understanding of actuarial principles, portfolio analytics, reinsurance pricing methodologies, and treaty structures.
• Proven experience assessing risk, validating analytical outputs, and delivering commercially relevant recommendations.
• Strong knowledge of proportional and non-proportional reinsurance solutions.
• Experience with in a reinsurance broker, reinsurer, or insurance company environment is highly preferred.
• Exposure to client-facing engagements, renewal strategies, and reinsurance placement activities.
• Proficiency in actuarial and analytical tools such as R, Python, SQL, Alteryx, Power BI, or similar platforms is advantageous.
• Excellent communication, presentation, stakeholder management, and relationship-building skills.
• Strong commercial acumen combined with exceptional analytical and problem-solving capabilities.
• Ability to manage multiple priorities and deliver high-quality outcomes in a fast-paced environment.