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

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 the 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 15–20+ 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 Muhammad.Shaheer@RobertWalters.com