Senior Actuarial Advisor

4 weeks ago

Pretoria, South Africa Robert Walters Full time

Job Description – Senior Actuarial Advisor Job Type : Full-time Location : This role is based in Riyadh, Saudi Arabia About the Organization A leading regulatory authority in Saudi Arabia is seeking seasoned actuaries to serve as Senior Advisors / Experts across various insurance business lines. The organization plays a pivotal role in shaping the national insurance landscape — defining strategic priorities, setting market direction, and ensuring that actuarial practices align with international standards and the Kingdom's long-term vision for sector. Key Responsibilities Lead the strategic development of actuarial policies, frameworks, and methodologies across assigned insurance lines. Define and implement actuarial strategies supporting market growth, stability, and sound risk management. Serve as a trusted advisor in formulating sector-wide strategies related to pricing, solvency, reinsurance, and capital adequacy. Review and challenge actuarial submissions from insurers to ensure regulatory soundness, consistency, and sustainability. Establish actuarial standards and contribute to the design of risk-based capital and solvency frameworks. Benchmark actuarial practices against international standards and drive continuous improvement. Lead cross-functional collaboration with policy, supervision, and risk teams to align actuarial strategy with broader regulatory objectives. Advise on emerging risks — including healthcare inflation, demographic shifts, natural catastrophes, and economic cycles. Mentor and upskill internal actuarial talent, embedding a culture of technical excellence and strategic foresight. Requirements Minimum years of actuarial experience within mature or international insurance markets (western markets). Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, or related quantitative field. Fellowship qualification from a recognized actuarial body (e.g., FSA, FIA, FCIA, etc.). Strong expertise in pricing, reserving, solvency modelling, and risk management. Deep understanding of global actuarial standards and regulatory regimes. Demonstrated leadership and advisory capability at senior or regulatory levels. Excellent analytical, communication, and stakeholder management skills. If you are interested in this exciting opportunity, please apply or contact #J-18808-Ljbffr

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