Actuarial Consultant

Job Description

About Milliman

Independent for over 70 years, Milliman delivers market-leading services and solutions to clients worldwide. Today, we are helping companies take on some of the world’s most critical and complex issues, including retirement funding and healthcare financing, risk management and regulatory compliance, data analytics and business transformation.

Through a team of professionals ranging from actuaries to clinicians, technology specialists to plan administrators, we offer unparalleled expertise in employee benefits, investment consulting, healthcare, life insurance, and financial services, and property and casualty insurance.

Description

Milliman’s Riyadh Health Practice is looking for an actuarial professional with more than 5 years of experience, who has a strong desire to expand their actuarial skills, is committed to obtaining Fellowship, and has a career goal of becoming an actuarial consultant.

Position – Actuarial Consultant

Department

Actuarial – Health

Location

Riyadh, Saudi Arabia

Educational Requirements

• An undergraduate degree pursuing actuarial science, mathematics, or another major with quantitative course work,
• A minimum of 10 actuarial exams with a recognized professional actuarial organization – preferably Associate level reached
• Outstanding academic record
• Excellent knowledge of MS Office (Excel, Powerpoint etc.)

Experience And Skill Requirements

• Minimum 6 years of actuarial experience, with at least 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
• Working knowledge of actuarial concepts specific to health systems, such as utilisation vs cost, clinical coding systems, Diagnosis-Related Groupers, value-based healthcare etc
• Client facing experience, including drafting and reviewing of formal actuarial reports as well as presentation of technical content to senior stakeholders
• Excellent communication (both written and verbal)
• Good organizational skills
• Willingness to learn
• Ability to work both independently and as part of a team
• Ability to work under pressure
• Should be willing to travel throughout the region when required