Overview

Intern – Actuarial COOP​/Tamheer Jobs in Jeddah, Saudi Arabia at BUPA Arabia

Role Purpose

Deliver hands on actuarial production work as an individual contributor, supporting the Manager across reserving, regulatory reporting, pricing support and claims analytics. Run the technical grunt work of the cycle data extraction, triangulation, model runs, template population, reconciliations to high accuracy and on time. Act as the entry point into the actuarial profession: progress foundational actuarial exams, build technical craft, learn cross functional context, and prepare to step up into a Manager role.

1-Reserving

Production Support

  • Extract, clean and reconcile claims, premium and exposure data from source systems for the reserving cycle.
  • Run triangulations, basic development factor calculations and link ratio analyses under Manager direction.
  • Execute reserving model runs (IBNR, URR, LRC, LIC, risk adjustment) per the approved methodology and templates.
  • Populate reserving pack sections, movement tables and supporting schedules.
  • Flag data anomalies, outliers and unusual patterns to the Manager for review.

2-Regulatory Reporting & AA Data Preparation

  • Populate SAMA, CCHI and CMA submission templates under Manager review.
  • Reconcile regulatory outputs to the reserving pack, management reports and GL.
  • Prepare data extracts, working papers and evidence packs for the external Appointed Actuary (Lux).
  • Maintain version control and the submissions evidence file for each reporting cycle.
  • Track regulatory deadlines on the team calendar and prompt ahead of cut offs.

3-Pricing, Claims & Operations Analytics Support

  • Support pricing calculations for group renewals, SME and Retail as directed.
  • Run loss ratio, frequency, severity and utilization analyses by segment, cohort and benefit.
  • Produce hands on claims analytics for Operations: unit cost, network leakage, age / mix decomposition, pre auth impact tracking.
  • Refresh the Operations dashboards and medical inflation monitoring tools each cycle.
  • Respond to ad hoc analytical requests from the Manager and partner teams within agreed timelines.

4-Modelling, Data & Automation

  • Build and maintain supporting models in SAS, Python, R or Excel under Manager direction.
  • Automate recurring analysis and reporting tasks to reduce manual effort.
  • Contribute to data quality improvements, reconciliation routines and issue logs.
  • Run validation and reasonableness checks on own outputs before handover for review.
  • Document code, assumptions, inputs and outputs clearly to enable peer review.

5-Documentation & Governance

  • Maintain working papers, methodology notes and change logs to audit ready standard.
  • Apply doer checker discipline and peer review protocols on all outputs.
  • Support internal audit, external audit and Appointed Actuary reviews by providing working papers on request.
  • Keep the team’s data definition and methodology library up to date for own workstream.
  • Participate in process improvement initiatives and knowledge transfer sessions.

6-Professional Development & Cross Functional Learning

  • Progress foundational actuarial exams (SOA / IFoA / CAS) on the Company supported pathway.
  • Build cross functional understanding of Underwriting, Claims, Pre Auth, Operations and Finance through rotations, shadowing and cross training.
  • Actively participate in knowledge transfer sessions, training and mentoring from senior members.
  • Develop technical craft in SAS, Python, R, SQL, Excel and IFRS 17 tooling.
  • Build strong working relationships with peers across the actuarial team and partner functions.

Title: Intern – Actuarial COOP​/Tamheer

Company: BUPA Arabia

Location: Jeddah, Saudi Arabia

Category:

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