Senior Actuarial Analyst

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

Job summary

Medibank in Melbourne is seeking a Senior Actuarial Analyst to deliver high‑quality forecasting, actuarial analysis and business insights across Health Insurance portfolios. You will report to the Manager, Claims & Revenue and join the Forecasting team to support sustainable growth and better health outcomes.

You will partner with Finance, Actuarial and other stakeholders, maintain forecasting models, provide data driven recommendations and help shape pricing, regulatory submissions and

Qualifications

• Strong actuarial modelling and analytical capabilities.
• 3+ years’ experience in actuarial, forecasting or analytical role.
• Experience working with large datasets and forecasting techniques.
• Strong stakeholder management and communication skills.
• Significant progress towards Fellowship with the Institute of Actuaries of Australia.
• Tertiary qualifications in actuarial studies, statistics, finance, business or another quantitative discipline.

Responsibilities

• Support the delivery of forecasts across the annual corporate plan and monthly spot forecasts.
• Develop, maintain and monitor forecast assumptions via volume, revenue and claims trends.
• Produce analysis to explain performance and forecast variances.
• Enhance forecasting methodologies, models and tools for accuracy and governance.
• Provide scenario analysis to support pricing decisions and planning.
• Build relationships with Finance and Actuarial teams to coordinate inputs.
• Conduct actuarial investigations and present actionable insights.
• Contribute to continuous improvement using new analytical techniques.

Skills

Excel

R

SQL

Education

Actuarial studies degree

Fellowship progress

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 – Senior Actuarial Analyst

This role plays a key part in supporting Medibank’s strategic and financial decision-making by delivering high-quality forecasting, actuarialanalysisand business insights across our Health Insurance portfolios. Reporting to the Manager, Claims & Revenue, you will be a member of the Forecasting team within Actuarial & Investment Services, contributing to the delivery of forecasts that support sustainable growth, customervalueand better health outcomes.

Working closely with stakeholders across Finance, Actuarial and the broader business, you willprovidedata-driven insights,maintainand enhance forecasting models, and support key commercial and strategic decisions through robust actuarial analysis and business partnering.

How you will create value

• Supporting the delivery of forecasts across Medibank’s forecasting cycle, including the annual corporate plan, periodicforecastsand monthly spot forecasts.
• Developing,maintainingand monitoring forecast assumptions through analysis of volume,revenueand claims trends,identifyingkey risks,opportunitiesand emerging issues.
• Producing insightful analysis to explain business performance, forecast variances and underlying drivers to support decision-making.
• Enhancing andmaintainingforecasting methodologies,modelsand tools to improve accuracy, efficiency,transparencyand governance.
• Providing scenario analysis and forecasting input to support pricing decisions, regulatorysubmissionsand strategic planning activities.
• Building trusted relationships with stakeholders across Finance, Actuarial and operational business areas to coordinate forecasting inputs andprovideactuarial advice.
• Undertaking actuarial investigations and presenting clear, actionable insights and recommendations to both technical and non-technical stakeholders.
• Contributing to continuous improvement initiatives through the application of new analytical techniques, automationopportunitiesand innovative forecasting approaches.

About you

You are an analytically minded actuarial professional with experience delivering insights and forecasting solutions in a complex business environment. You enjoy solving problems, partnering withstakeholdersand translating data into meaningful commercial outcomes.

Key attributes and experience include:

• Strong actuarial modelling and analytical capabilities, including advancedproficiencyin Excel, R and SQL.
• Demonstrated3+ years’experience in an actuarial,forecastingor analytical role, ideally gained within insurance,healthor financial services.
• Experience working with large datasets, databases and forecasting or statistical modelling techniques.
• Strong stakeholder management and communication skills, with the ability to translate complex actuarial analysis into clear commercial insights for technical and non-technical audiences.
• Significant progress to Fellowship with the Institute of Actuaries of Australia (or an equivalent international actuarial body).
• Tertiary qualifications in actuarial studies, statistics, finance,businessor another quantitative discipline.

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.