Reporting Actuary

Medibank; Melbourne; On-site; AUD 120,000 - 180,000; Full time

Job summary

Medibank in Melbourne seeks a Capital & Reserving Actuary to join the Capital & Reserving Squad, delivering critical actuarial analysis and reporting that underpin sound financial management and regulatory compliance.

You will contribute to claims reserving, prudential reporting, capital management and Risk Equalisation, while driving continuous improvement across models, processes and controls. You will collaborate with Finance, Actuarial and Risk stakeholders to provide high-quality insights.

Qualifications

• Associate or Fellow of the Actuaries Institute (or equivalent), with typically 4+ years' actuarial experience.
• Strong practical experience in health insurance, claims reserving, and actuarial reporting processes.
• Advanced Excel with programming experience (SQL, Python or R).
• Ability to analyse complex information and translate into actionable advice.

Responsibilities

• Own and deliver actuarial analysis, modelling, reporting and advice across claims reserving, prudential reporting, capital management and Risk Equalisation.
• Lead components of the monthly claims reserving and reporting cycle, reviewing model outputs and explaining trends.
• Prepare regulatory reporting, APRA submissions and documentation.
• Provide insights and recommendations from experience and data analyses to support decision-making.
• Contribute to governance, controls and validation across models and data.

Skills

Actuarial modelling

SQL

Python

R

Excel

Education

Associate or Fellow of the Actuaries Institute (or equivalent)

Tools

SQL

Python

R

Job description

It’s a strange thing to say, because us humans are capable of incredible things. And at Medibank, we know our greatest potential lies in the people who work with us.

We strive to make real, fundamental change, driven by a simple purpose: to create the best health and wellbeing for all of Australia.

The Opportunity – Capital & Reserving Actuary

This role is a key member of Medibank's Capital & Reserving Squad, supporting the delivery of critical actuarial analysis, reporting and advice that underpin sound financial management, regulatory compliance and strategic decision-making.

You will play an important role in claims reserving, prudential reporting, capital management and Risk Equalisation activities, while helping to drive continuous improvement across actuarial models, reporting processes and controls.

You will partner with stakeholders across Finance, Actuarial and Risk functions to provide high-quality actuarial insights, apply professional judgement to complex issues and contribute to the ongoing evolution of the team's capabilities, systems and processes.

How you will create value

In this broad and dynamic role, you will add value by:

Owning and delivering assigned actuarial analysis, modelling, reporting and advice across the team’s remit, including claims reserving, prudential reporting, capital management and Risk Equalisation activities.

Leading key components of the monthly claims reserving and reporting cycle, , applying actuarial judgement in reviewing model outputs, setting assumptions and explaining trends.

Preparing regulatory reporting and supporting modelling and documentation, including APRA submissions, reconciliations, audit responses and compliance obligations.

Analysing experience, trends, variances and emerging issues to provide meaningful insights and recommendations that support informed decision-making.

Applying effective governance, controls and validation practices across models, data, assumptions and reporting, in line with regulatory obligations, actuarial standards and internal frameworks.

Leading process uplift initiatives, automation opportunities and continuous improvement activities that strengthen the squad's overall contribution and effectiveness.

Coordinating analysts in delivering to deadlines, and providing technical guidance, peer review and coaching.

About you

You are an actuarial professional who combines strong analytical capability with commercial thinking, technical expertise and a collaborative approach. You are comfortable working with complex datasets and models, applying sound judgement and communicating insights to a broad range of stakeholders.

Key attributes and experience include:

Associate or Fellow of the Actuaries Institute (or equivalent), with typically 4+ years' actuarial experience.

Strong practical experience in one or more of private health insurance, claims reserving, liability valuation, APRA prudential reporting or actuarial and financial reporting processes.

Strong actuarial modelling, financial analysis and data skills, including advanced Excel and practical experience with SQL and a programming languages such as R or Python.

Demonstrated ability to analyse complex information, identify key insights and translate them into clear, actionable advice.

Experience developing or enhancing governed models, reporting processes and control environments, and a drive for continuous improvement.

Imagine working with us

We understand that work means different things to everyone... We know happy, healthy people make great teams, and great teams put more heart into each customer and patient interaction. And that’s why we’re reinventing work.

Imagine a workplace that helps you and your family thrive. Where connection, personal development and health and wellbeing are front of mind. To learn more about our benefits go to https://careers.medibank.com.au/culture/rewards-benefits/

For you, work should help you Live Better. It should bring you fulfillment and joy. And with Medibank, it could.

Inclusion and Accessibility

We believe in everyone's potential and strive to make Medibank inclusive for all because different perspectives make us better. We encourage applications from everyone, including Aboriginal and Torres Strait Islander peoples, neurodivergent candidates, LGBTQIA+ community including transgender and gender diverse candidates and candidates with a disability.

Medibank proudly recognised as Best Enterprise Organisation, 2026 AFR BOSS Best Places to Work