Senior Actuarial Analyst MMH250127-2

Role Purpose

Utilise actuarial skills to assist the business to design and price Multiply products/solutions for employer groups and retail members of medical schemes and understand the shared value generated by incentivised wellness.

Requirements

• Degree in Actuarial Science
• Honours degree in Actuarial Science (preferred)
• Good progress in actuarial exams (essential)
• 5 years’ actuarial modelling / pricing experience in healthcare or short-term insurance
• Exposure to wellness and rewards (preferred)
• Proficient in SQL and MS Office (essential)
  
  

Duties and Responsibilities

• Maintain the actuarial and pricing models to support the ongoing financial management, forecasting, budgeting and analysis of variance, of the various products/solutions.
• Perform pricing and financial modelling to assess the financial impact of wellness and partner solutions.
• Build and maintain models to form a detailed understanding of the attributes of a Multiply client including, but not limited to, life expectancy, persistency, buying behaviour and health and wellness behaviour.
• Play a pivotal role in the product development process, and resultant product specifications, for wellness and partner solutions and ensure that business rules are in line with pricing intent.
• Assist in establishing processes to measure the impact of Multiply on client behaviour and health/scheme claims and profitability.
• Prepare the required pricing and actuarial reports and insights for key stakeholders across the business and engage in discussions to improve financial performance.
• Automation of reports and improving efficiency in the team by continual improvement of models and reports.
• Collaborate and build relationships with various stakeholders across the business, both within Multiply and bigger health business.
• Conduct ad-hoc investigations and provide actuarial support to other teams where required.
  
  

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