Senior Actuarial Advisor - Based in Saudi Arabia

Senior Actuarial Advisor - Based in Saudi Arabia

Job Description – Senior Actuarial Advisor

Job Type : Full-time

Location : This role is based in Riyadh, Saudi Arabia

Overview

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 the sector.

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

If you are interested in this exciting opportunity, please apply or contact

About the job

Notes : This description has been reformatted for consistent, accessible HTML using approved tags. No intent to modify the substantive content of responsibilities or requirements.

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