Senior Actuarial Analyst

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

Job summary

Medibank Private Limited, a leading Australian health insurer, is seeking a Senior Actuarial Analyst to join the Forecasting team within Actuarial & Investment Services. This role supports strategic and financial decision-making with high-quality forecasting and actuarial analysis across Health Insurance portfolios.

Reporting to the Manager, Claims & Revenue, you will develop and maintain forecasting models, deliver forecasts for the annual plan, periodic forecasts and monthly spot

Qualifications

• Strong actuarial modelling and analytics capabilities.
• 3 years’ experience in actuarial or analytical roles in insurance, health or financial services.
• Experience with large datasets, databases and forecasting techniques.
• Excellent stakeholder management and communication skills, translating analysis into business insights.
• Progress toward Fellowship with the Institute of Actuaries of Australia (or equivalent).
• Degree in actuarial studies, statistics, finance or related quantitative discipline.

Responsibilities

• Deliver forecasts across the annual plan, periodic forecasts and monthly spot forecasts.
• Develop and monitor forecast assumptions from volume, revenue and claims trends.
• Provide analyses explaining performance, forecast variances and drivers.
• Enhance forecasting methodologies, models and tools for accuracy and governance.
• Provide scenario analysis for pricing, regulatory submissions and planning.
• Build relationships with Finance, Actuarial and operational teams to coordinate inputs.
• Undertake actuarial investigations and present clear insights to stakeholders.
• Contribute to continuous improvement with new analytics techniques and automation.

Skills

Actuarial modelling

Excel

R

SQL

Forecasting

Data analysis

Stakeholder management

Education

Actuarial studies degree

Fellowship track (IoAA or equivalent)

Job description

VIC, AU VIC, AU NSW, AU DOCKLANDS, VIC, AU, 3008 NSW, AU

You’re only human.

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

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

• 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.
• Demonstrated 3 years’ experience in an actuarial, forecasting or analytical role, ideally gained within insurance, health or 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 progresstowards 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.

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

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