Chief Actuary
At Consulture Search · Jeddah, Saudi Arabia
- Full-time
- Director or above
Early applicant Posted 12 hours ago. Radar emails jobs like this within hours of us finding them. The free weekly email can take up to a week.
See how well you match Match me reads your CV and picks the jobs that suit you best.
Get jobs like this within hours Radar emails you new jobs open to you within hours of us finding them, before most people see them.
Where you can work from
Open to Saudi Arabia
“Jeddah, Saudi Arabia”
From the location.
Report a mistake
- Posted
- 12 hours ago
- First seen by us
- 10 November 2026
- Last checked
- 12 hours ago
Job description
From Consulture Search’s job post, as they wrote it.
About the Role
The Company is seeking an experienced Actuary to provide actuarial leadership across product development, pricing, reserving, risk management, and strategic decision-making. Reporting directly to the CEO, the successful candidate will play a critical role in supporting the company's financial strength, profitability, regulatory compliance, and long-term growth objectives within the Saudi health insurance market.
Read the full description
The role is open to all FIA qualified nationalities.
Key Responsibilities
Product Development & Pricing
* Lead actuarial support for the development of health insurance products.
* Design pricing methodologies and rating structures to ensure profitability.
* Evaluate product performance and recommend enhancements based on market analysis.
Actuarial Analysis & Reserving
* Conduct actuarial studies and technical assessments across the portfolio.
* Perform reserve valuations and monitor claims development trends.
* Ensure actuarial assumptions and methodologies remain robust and appropriate.
Risk Management & Reinsurance
* Support reinsurance strategy, programme design, and optimisation.
* Assess insurance and portfolio risks through quantitative modelling.
* Provide actuarial input into enterprise risk management initiatives.
Financial Performance & Profitability
* Conduct profitability testing and product feasibility assessments.
* Analyse key performance indicators and emerging business trends.
* Deliver recommendations to enhance underwriting and financial outcomes.
Strategic Planning & Business Advisory
* Act as a trusted advisor to the CEO and Executive Management Team.
* Support strategic initiatives aimed at increasing market share and growth.
* Provide actuarial insights to support business planning and decision-making.
Reporting & Stakeholder Management
* Prepare actuarial reports for Executive Management and Board Committees.
* Develop presentations, dashboards, and management information packs.
* Maintain effective relationships with external appointed actuaries and regulators.
Technical Leadership & Capability Development
* Develop actuarial models, tools, and methodologies to improve underwriting accuracy.
* Support the creation of technical training programmes for underwriting teams.
* Promote actuarial best practice and continuous improvement across the organisation.
Education & Qualifications
* Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or a related discipline.
* Fellow of an Actuarial Organisation that has an examinations based qualification
* Minimum 5+ years of actuarial experience within health insurance, or medical insurance
* Strong expertise in pricing, reserving, risk management, and profitability analysis.
* Experience working within GCC insurance markets is highly desirable.
* Advanced analytical, modelling, and data interpretation skills.
* Strong commercial awareness and strategic business acumen.
* Excellent stakeholder management and executive communication capabilities.
Chief ActuaryConsulture Search
Apply on Consulture Search (opens in a new tab)Get jobs like this by email
Once a week, we email the new remote jobs open where you live, each with the line that proves it. Every email has a one-click unsubscribe.
