Senior Actuarial Analyst - Scheme Solution Design

Utilise actuarial skills to assist the business with benefit design and associated health solutions for employer groups and retail members of an open medical scheme. In addition to assist in running the end to end benefit design process. This includes ensuring input from and, consultation with, all internal and external stake holders and to ensure readiness for implementation post launch with accurate and complete information. Furthermore ensure that the design features launched are working and experienced as intended.

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Role Purpose

Utilise actuarial skills to assist the business to price medical scheme solutions for an open medical scheme and Use projection models to estimating outstanding claims and to ensure sustainability by monitoring experience, while regularly maintaining the components of the models used for future projections.

Requirements

• Degree in Actuarial Science
• Honours Degree in Actuarial Science (preferred)
• Good progress in actuarial exams (Close to completed A level exam)
• Completed or attempted A311 and F100 or F200 level exams (preferred)
• 5 years' relevant experience
• Relevant pricing experience
• Healthcare pricing and / or benefit design (would be beneficial)
• Proficiency in standard business packages – e.g., Excel
• Proficiency in SQL and VBA (preferred)
  
  

Duties & Responsibilities

• Design, development and monitoring health solutions for employer group and retail clients of a large open medical scheme client.
• Assist in running the benefit design process end to end, to ensure input from and consultation with all internal and external stake holders and keeping them informed throughout the design process.
• Assist with ensuring design initiatives for health solutions launch are adequately specified and costed with sufficient information provided on workings for decision makers.
• Ensure readiness for implementation with accurate and complete information shared with implementation and marketing teams e.g. product specifications.
• Ensure monitoring of the design intent post implementation.
• Collaborate and build relationships with product development and segment teams across Momentum Group.
• Assist with annual pricing of the medical scheme solution.
• Assist with estimating outstanding claims (IBNR) and monitoring of current projected experience against budgeted figures.
• Work closely and assure alignment with senior actuarial analyst responsible for projection of experience and pricing.
• Provide authoritative, expertise and advice to clients and stakeholders.
• Build and maintain relationships with clients and internal and external stakeholders.
• Deliver on agreements made with clients and internal and external stakeholders in order to ensure that client expectations are managed.
• Make recommendations to improve client service and fair treatment of clients within area of responsibility.
• Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service.
  
  

Competencies

• Business Acumen
• Client/ Stakeholder Commitmentc
• Drive for Results
• Leads Change and Innovation
• Collaboration
• Diversity and Inclusiveness