Actuary - Financial Reporting

nib nz limited; Auckland; Hybrid; NZD 120,000 - 180,000; Full time

Benefits offered by this job

Free health, life and income-prot.

Hybrid work environment

Generous leave policy

Short term incentive programmes

New starter home workspace setup

Job summary

nib is hiring an Actuary – Financial Reporting to support accurate actuarial reporting for private health insurance. You will help with month-end processes, liability valuation, capital and solvency analysis and regulatory reporting, under guidance from senior team members.

You should have 3–5 years of actuarial experience, an Associate qualification or progress towards Fellowship, and strong financial modelling and Excel skills.

Qualifications

• 3–5 years of relevant actuarial experience and an Associate qualification or progress towards Fellowship
• Strong financial, capital and regulatory reporting experience with advanced Excel
• Programming, data manipulation or automation skills (SQL, Python, R, VBA) to improve efficiency and reliability

Responsibilities

• Support delivery of accurate and timely actuarial reporting for private health insurance
• Assist with month-end reporting, liability valuation, capital and solvency analysis
• Prepare actuarial advice and documentation and collaborate with stakeholders across actuarial, finance and others

Skills

Actuarial experience

Analytical skills

Communication

Education

Associate qualification or progress towards Fellowship

Tools

SQL

Python

Excel

R

VBA

Job description

About this role

He Aha Te Tūranga As the Actuary – Financial Reporting, you will support the delivery of accurate and timely actuarial reporting for private health insurance, working under the guidance of senior actuarial team members. The role contributes to month-end reporting, insurance liability valuation, capital and solvency analysis, statutory and regulatory reporting, and preparation of actuarial advice and documentation.

The role is expected to assist with analysis and reporting on:

• Gross profit performance, including drivers of experience
• Claims inflation headline figures and supporting analysis
• Claims liabilities and valuation report inputs
• Other month-end actuarial and finance processes
• Capital-related actuarial analysis and scenario testing

About you

With 3–5 years of relevant actuarial experience, you’ll bring a strong actuarial background, with an Associate qualification or progress towards Fellowship preferred. You’ll also have experience in financial, capital and regulatory reporting, along with strong financial modelling capability and advanced Excel skills. You’ll be a clear communicator who can make complex analysis easier to understand and enjoys partnering with actuarial, finance and other stakeholders to get the best outcomes.

• Strong analytical and problem solving skills, with attention to detail and a control mindset
• Exposure to private health insurance, general insurance, life insurance or another financial services environment (highly regarded)
• Experience with insurance liabilities, reserving, IFRS 17, capital, solvency or financial reporting processes (preferred)
• Practical experience using programming, data manipulation or automation skills, for example SQL, Python, R, VBA or AI-enabled tools to improve efficiency, automate manual tasks and build reliable repeatable processes
• Experience preparing management reporting, commentary or audit-supporting documentation (preferred)
• A continuous-improvement mindset, with the curiosity and initiative to identify manual or inefficient processes and use automation and AI responsibly to improve them

About nib

Here at nib, we pride ourselves on our innovative and passionate approach in offering Kiwis affordable, world‑class health and life insurance. We believe in “challenging the status quo” and admire the diversity of thought and seek out people with an intrinsic need to make the world a better place. Health and wellbeing go hand in hand with our ‘future state’ strategy. Ehara i te toa takitahi (success is not achieved alone) - you will be joining a collaborative, innovative and driven team.

Benefits

• Free health, life, income protection insurance + discounts for family members
• Hybrid work environment: work from home and the Christchurch or Auckland office
• Join a supportive and dedicated team where you can develop and enhance your career
• An exceptionally generous leave policy including 22 days annual leave, cultural leave, 18 weeks fully paid parental leave for all parents
• Short term incentive programmes
• New starter benefit – to set up a functioning home workspace

Diversity, equity and inclusion

We embrace an inclusive working environment. We are LGBTQIA+, disability and neurodiverse inclusive, and welcome people from diverse backgrounds aiming to create a work environment where employee differences such as age, culture, nationality, accessibility, and education are valued to reflect the diversity of the communities in which we operate. Our hybrid working model provides our employees with the flexibility to work from one of our office Hubs and from home based on what works best for them and their team (1-2 days in office required). We’re committed to creating an accessible recruitment process, if you identify as a person living with disability and require adjustments to our online application, recruitment, selection and/or assessment process, or would like this advertisement in an alternative format, please contact us at nibemployment @nib.com.au. All your information will be kept confidential according to EEO guidelines. Successful applicants will be required to complete a background check (including criminal history check) prior to commencement of employment.

Who we are

nib Group is a trusted international health partner, empowering our members to make better decisions and improve health outcomes through greater accessibility to affordable health services and information. nib Group provides health and medical insurance to over 1.6 million Australian and NewZealand residents. We also provide health insurance to more than 190,000 international students and workers in Australia. In addition, we are Australia’s third largest travel insurer and global distributor of travel insurance through our business nib Travel, providing financial protection and assurance to travellers wherever they are in the world

Our Purpose

Our purpose is your better health. We are a trusted partner in helping our members and travellers make more informed healthcare decisions, transact with healthcare systems and generally live healthier lives.