Senior Actuarial Analyst

Momentum Health Solutions, an entity of Momentum Metropolitan Holdings delivers sustainable, integrated health solutions that meet the needs of clients in the different segments and maximise lifetime client value. We build and maintain a culture of innovation, and create value through unique insights of how to achieve specific outcomes by using a defined set of Health capabilities.

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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 & 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.
  
  

Competencies

• Business acumen
• Stakeholder commitment
• Drive for results
• Solution-focused