Job Description

About Milliman

Milliman is among the world's largest providers of actuarial and related products and services. The firm has consulting practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe.

This position is for Milliman’s office in Saudi Arabia. The candidate would be expected to support consulting work done for client in the middle east / GCC region

Milliman’s KSA Practice is looking to appoint an experienced Actuarial Analyst or Associate actuary. You will be working with some of the most experienced, most capable people in the health industry. You will support the development and delivery of a diverse range of consulting activities across multiple countries in the Middle East including pricing and reserving, development and review of mandatory benefit packages, and implementation of value-based reimbursement mechanisms, including DRGs.

Position

Actuarial Analyst

Department

Actuarial – Health

Location

Riyadh, KSA

Background:

Milliman is one of the world’s leading consulting firms providing actuarial consulting related to retirement funding and healthcare financing, enterprise risk management and regulatory compliance, data analytics, and business transformation, as well as a range of other consulting and technology solutions. Milliman currently provides actuarial and consulting services to insurers, government entities and other stakeholders across the GCC countries.

Key responsibilities

• Perform actuarial analysis and modelling on healthcare data.
• Development and analysis of experience studies and actuarial assumptions.
• Write reports that explain technical concepts clearly to a non-technical audience.
• Prepare and present results and recommendations to clients for consideration.
• Liaising with key client contacts to obtain required data and information to deliver project requirements.
• Support other actuarial students in the completion of technical aspects of actuarial projects.
• Ensure adherence to Milliman’s policies and processes throughout all activities.

Educational requirements

• An undergraduate degree pursuing actuarial science, mathematics, or another major with quantitative course work
• Associate or Part qualified actuary, with strong progress with Actuarial exams.
• Outstanding academic record
• Strong IT skills particularly in MS Office (Excel, PowerPoint etc.) and any statistical analysis tools (SAS, SQL, R, etc)

Experience and skill requirements.

• Minimum of 2-4 years of actuarial experience with a substantial part of the experience in health-related work
• Superior math aptitude and strong analytical ability
• Experience with reserving and pricing techniques for health insurance products
• Excellent written and verbal communication skills
• Self-motivated individual with a sense of intellectual curiosity and a results-oriented work ethic.
• Ability to work both independently and as part of a team.