Actuarial Senior Analyst

Job Title - Actuarial Senior Analyst – IOH Reserving

Role Summary 

As an Actuarial Senior Analyst within the International Organisations Health (IOH) Reserving team, you will support the delivery of actuarial reserving and financial reporting for Cigna’s European and global IOH business. 

This role is suited to a candidate looking to build strong reserving expertise while progressively taking greater ownership and contributing to the refinement of existing processes and development of new capabilities. 

You will be responsible for producing and reviewing reserves across multiple reporting bases, including Solvency II, US GAAP, and Bermuda Monetary Authority, covering both medical and nonmedical lines of business. The role offers broad exposure to stakeholders across Actuarial, Finance, Capital, Risk, Pricing, Underwriting, IT, and senior management. 

Key Responsibilities 

Reserving & Reporting Delivery 

• Produce and review reserve calculations in line with required standards across different reporting bases (Solvency II, US GAAP, BMA, etc.) for monthly, quarterly, and annual reporting. 

• Collect, prepare, and validate data; run and maintain underlying reserving models (Excel and Prophet based); and analyse and validate results. 

• Conduct experience analysis and support assumption and basis reviews for medical and nonmedical business, typically on an annual cycle. 

• Support ad hoc actuarial projects, including business planning and profitability analysis. 

Analysis, Judgement & Communication 

• Analyse and clearly articulate the drivers of movements in reserves (technical provisions). 

• Prepare high quality reports, memos, and commentary explaining results and movements for senior stakeholders, committees, and management. 

• Identify emerging trends, data issues, and risks, escalating appropriately with clear analysis and considered recommendations. 

Stakeholder Support & Advisory 

• Act as a subject matter contributor on reserving methodologies, approaches, and financial impacts. 

• Provide actuarial input and respond to queries from Finance, Risk, auditors, and other internal stakeholders. 

• Support audit, review, and governance processes through robust documentation and well supported explanations. 

Process, Systems & Team Contribution 

• Proactively seek opportunities to improve reserving processes, controls, and efficiency. 

• Contribute to and, where appropriate, lead automation initiatives and system or process enhancements. 

• Maintain and update process documentation, ensuring review requirements and signoffs are met. 

Skills & Experience 

Technical & Professional 

• Strong actuarial and analytical skills with a delivery focused mindset. 

• Experience or exposure to Solvency II reporting  and other reporting bases (health or general insurance preferred). 

Systems & Tools 

• Experience in data analysis and task automation using tools such as R, Alteryx, SQL, or similar. 

• Strong Excel skills; experience with actuarial systems and large datasets is an advantage. 

Ways of Working 

• Highly detail oriented, well organised, and able to manage multiple priorities and deadlines. 

• Comfortable working independently, using judgement, and escalating appropriately where needed. 

• Strong written and verbal communication skills, with the ability to explain technical matters clearly. 

Qualifications 

• Progress toward actuarial qualification (typically 5–6 actuarial exams completed). 

• Relevant degree in actuarial science, mathematics, statistics, or a related discipline preferred.