Actuarial Analyst

Momentum Health, an entity of Momentum Group 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

Leverage your actuarial skills to support the design and pricing of low-cost insurance solutions. This role involves developing and maintaining models for quoting, risk rating, projections, pricing, and estimating outstanding claims. You will also be responsible for updating models, supporting ad-hoc analyses, and contributing to projects that ensure the ongoing viability and sustainability of these solutions.

Requirements

• Actively studying towards actuarial qualification, with demonstrated progress in A-level exams.
• Degree in Actuarial Science
• Honours Degree in Actuarial Science (Optional)
• Graduate or up to 3 years of actuarial work experience
• Beneficial but not required:
• Exposure to healthcare pricing and/or benefit design
• Proficiency in SQL
  
  

Duties & Responsibilities

• Contribute to the development and maintenance of interventions, solutions and products for both employer group and retail clients of a large health insurance product.
• Support benefit design process to ensure input from and consultation with all internal and external stakeholders and keeping them up to date throughout the design process through regular and clear communication.
• Ensure design initiatives for the health solutions launched are accurately costed with sufficient information provided for decision makers and ensure readiness for implementation post launch with accurate, precise and complete product specifications.
• Assist in maintaining processes to monitor current projections and experience against budgeted figures or other expectations and proactively identify and rectify any discrepancies.
• Assist with regular maintenance on components of pricing and projection models such as seasonality assumptions and IBNR factors.
• Automation of reports and improving efficiency in the team by continual improvement of models and reports, using VBA, PowerBI and/or other data visualisation tools.
• Perform ad-hoc actuarial analyses to support broader business needs as required.
• Foster collaboration and build relationships with product development and segment teams across Momentum Metropolitan Limited.
  
  

Competencies

• Business Acumen
• Client/ Stakeholder Commitment
• Drive for Results
• Leads Change and Innovation
• Motivating and Inspiring Team
• Collaboration
• Impact and Influence
• Self-Awareness and Insight
• Diversity and Inclusiveness
• Growing Talent