AVP - Reinsurance Actuary

General Overview:We are hiring for our client, a leading organisation within the insurance and reinsurance sector, seeking an accomplished AVP - Reinsurance Actuary to join their growing team in Riyadh.This is an excellent opportunity for a commercially minded actuarial professional to take on a highly visible leadership role at the intersection of analytics, strategy, and client advisory. The successful candidate will play a key role in shaping reinsurance solutions, influencing portfolio strategy, and delivering data-driven insights that support complex business decisions across regional and international markets.The role offers exposure to senior stakeholders, challenging reinsurance programmes, and high-impact strategic initiatives within a dynamic and collaborative environment.

Key Responsibilities

Partner closely with brokers, clients, and internal stakeholders to support portfolio strategy, business growth, and reinsurance decision-making.Perform actuarial and portfolio analyses across general insurance portfolios, including pricing adequacy, volatility assessments, retention optimisation, and reinsurance structuring.Develop, validate, and interpret actuarial models, loss projections, stress-testing scenarios, and portfolio performance metrics.Support the design and optimisation of proportional and non-proportional reinsurance structures, including quota share, excess of loss, and hybrid arrangements.Translate complex technical analyses into clear commercial insights and strategic recommendations for clients and business leaders.Collaborate on client presentations, renewal negotiations, placement strategies, and market-facing initiatives.Review methodologies, challenge assumptions, and ensure analytical outputs meet governance, quality, and regulatory standards.Contribute to the development of actuarial frameworks, analytical tools, and process improvement initiatives.Support business development efforts through technical expertise, market insights, and client engagement activities.Build and maintain strong relationships with clients, brokers, reinsurers, and regional stakeholders.

Key Requirements

Bachelor’s or Master’s degree in Actuarial Science, Mathematics, Statistics, Engineering, Data Science, or a related quantitative discipline.Qualified or Near-Qualified Actuary (FIA, FIAI, FCAS, or equivalent).Minimum 8+ years of experience in actuarial, reinsurance analytics, or portfolio management.Strong understanding of actuarial principles, portfolio analytics, reinsurance pricing methodologies, and treaty structures.Proven experience assessing risk, validating analytical outputs, and delivering commercially relevant recommendations.Strong knowledge of proportional and non-proportional reinsurance solutions.Experience within a reinsurance broker, reinsurer, or insurance company environment is highly preferred.Exposure to client-facing engagements, renewal strategies, and reinsurance placement activities.Proficiency in actuarial and analytical tools such as R, Python, SQL, Alteryx, Power BI, or similar platforms is advantageous.Excellent communication, presentation, stakeholder management, and relationship-building skills.Strong commercial acumen combined with exceptional analytical and problem-solving capabilities.Ability to manage multiple priorities and deliver high-quality outcomes in a fast-paced environment.