Senior Actuarial Analyst

The purpose of role is to utilize 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 incentivized wellness.

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.

Minimum 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)