Actuary (Executive Level)

Robert Walters has partnered with a prestigious organization in Saudi Arabia to hire an Actuary for P&C (Property & Casualty) to join and support its executive leadership team.

You will be reporting directly to the CEO and working closely with the executive leadership, providing actuarial leadership particularly for P&C insurance across pricing, reserving, capital, setting actuarial standards, and supporting the implementation of strategic initiatives.

Key Responsibilities:

• Set regulatory pricing and reserving standards for P&C

• Lead health experience studies (utilization, frequency/severity, provider behavior, fraud/leakage)

• Review product filings to assess underwriting rules, exclusions, rate adequacy and fairness; recommend remediation actions where needed.

• Evaluate reinsurance programs (quota share and excess of loss) and assess risk transfer quality, counterparty concentration and collateral sufficiency.

• Lead stress testing (inflation surges, pandemics, network disruptions, mortality/longevity variants) and opine on capital adequacy and management actions.

• Scrutinize IFRS 17 choices and submissions (grouping, boundaries, risk adjustment/CSM), and develop/validate actuarial models for pricing, cashflow, reserving and RBC.
  
  

Key Requirements:

• Minimum 20 years of experience in the insurance industry

• Qualified actuary (FSA/FIA/FCAS/FSAI or equivalent) with deep expertise across P&C pricing, reserving, and capital/solvency.

• Strong hands-on capability in experience studies, assumption setting, credibility methods, and building supervisory benchmarks.

• Proven track record reviewing/challenging insurers’ actuarial opinions, pricing bases, and profitability diagnostics; able to drive remediation plans.

• Solid knowledge of IFRS 17 actuarial measurement/reporting and the prudential implications (risk adjustment, CSM, disclosures).

• Advanced understanding of reinsurance structures and stress testing / scenario analysis for health and life portfolios.

• Senior stakeholder management