Actuarial Analyst

Posted 7 Days Ago
Be an Early Applicant
Riyadh, SAU
In-Office
Entry level
Healthtech • HR Tech • Insurance • Consulting
The Role
Supports actuarial analysis for reserving, pricing, underwriting, solvency, reinsurance, and IFRS 17 disclosures. Responsibilities include compiling, validating, reconciling, and analyzing data; reviewing IFRS 4 comparisons; assisting with consulting and development work; and supporting broader actuarial tasks. The role requires quantitative education, active pursuit of actuarial exams, Microsoft Office proficiency, familiarity with SAS or R, and strong communication and teamwork skills.
Summary Generated by Built In

Educational Qualification: 

  • Bachelor’s or Master’s degree in actuarial science, mathematics, statistics or any other major with quantitative course work. 
  • Actively pursuing actuarial exams.  

Key Responsibilities: 

  • Data compilation, validation, reconciliation and analysis. 
  • Analysis for reserving for technical provisions. 
  • Analysis for pricing and underwriting review. 
  • Analysis for solvency review. 
  • Support on other actuarial tasks.  
  • Support on producing IFRS 17 disclosures, performing reviews and validation against IFRS 4.  
  • Reinsurance analysis and support. 
  • Other general consulting work. 
  • Any development work assigned from time to time. 

Skills: 

  • Good expertise in MS Office (excel and power point in particular).  
  • Fair knowledge of software such as SAS, R etc.. 
  • Experience of working for the GCC / Middle East market will be an advantage. 
  • Good interpersonal, communication, and presentation skills. 
  • Ability to work independently or as part of a team. 

Skills Required

  • Bachelor's or Master's degree in actuarial science, mathematics, statistics, or another major with quantitative coursework
  • Actively pursuing actuarial exams
  • Good expertise in Microsoft Office, particularly Excel and PowerPoint
  • Knowledge of software such as SAS or R
  • Good interpersonal, communication, and presentation skills
  • Ability to work independently and as part of a team
  • Experience working in the GCC or Middle East market

Milliman Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Milliman and has not been reviewed or approved by Milliman.

  • Healthcare Strength — Core coverage includes subsidized medical, dental, and vision, plus company-paid life, AD&D, and disability. Materials highlight robust health protections as part of the standard package.
  • Retirement Support — A 401(k) with matching is paired with profit-sharing contributions described as generous. These features can significantly bolster long-term compensation when contributions are strong.
  • Parental & Family Support — Paid parental leave and family-building support (adoption and fertility) are available alongside caregiver and emotional support resources. These programs extend protection beyond core insurance to meet family needs.

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The Company
HQ: Seattle, WA
3,644 Employees
Year Founded: 1947

What We Do

Milliman is among the world’s largest independent actuarial and consulting firms. Founded in Seattle in 1947, Milliman has offices in key locations worldwide. Through consulting practices in employee benefits, healthcare, investment, life insurance and financial services, and property & casualty/general insurance, Milliman serves the full spectrum of business, financial, government, union, education, and nonprofit organizations. In addition to consulting actuaries, Milliman’s body of professionals includes numerous other specialists, ranging from clinicians to economists.

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