Talent Pool : Senior Actuarial Analyst

Actuarial; Gauteng; On-site; ZAR 500 000 - 700 000; Part time

Job summary

A financial services company is looking for an experienced Senior Actuarial Analyst in Gauteng, South Africa. The role involves pricing medical scheme solutions and utilizing actuarial skills for sustainability. Ideal candidates have significant experience and proficiency in relevant tools. A temporary position, ideal for those with healthcare pricing experience and strong analytical skills.

Qualifications

• Good progress in actuarial exams close to completed A level.
• 5 years' relevant experience in actuarial roles.

Responsibilities

• Annual pricing of medical scheme solutions.
• Maintaining processes to estimate outstanding claims.
• Assist with design, development of health solutions.

Skills

Actuarial exams progress

Healthcare pricing experience

Proficiency in Excel

Proficiency in SQL

Proficiency in VBA

Education

Degree in Actuarial Science

Honours Degree in Actuarial Science

Job description

Talent Pool: Senior Actuarial Analyst role at Actuarial

Throughout our client-facing brands Metropolitan and Momentum, with Multiply (wellness and rewards programme), and our other specialist brands, including Guardrisk and Eris Property Group, the group enables business and people from all walks of life to achieve their financial goals and life aspirations.

We help people grow their savings, protect what matters to them and invest for the future.

We help companies and organisations care for and reward their employees and members.

Through our own network of advisers or via independent brokers and utilising new platforms Momentum Metropolitan provides practical financial solutions for people, communities, and businesses.

Role Purpose

Utilise actuarial skills to assist the business to price medical scheme solutions for an open medical scheme and use projection models to estimate outstanding claims and to ensure sustainability by monitoring experience, while regularly maintaining the components of the models used for future projections.

Requirements

• Degree in Actuarial Science
• Honours Degree in Actuarial Science (preferred)
• Good progress in actuarial exams (close to completed A level exam)
• Completed or attempted A and F or F level exams (preferred)
• 5 years' relevant experience
• Relevant pricing experience
• Healthcare pricing and / or benefit design (would be beneficial)
• Proficiency in standard business packages – e.g., Excel
• Proficiency in SQL and VBA (preferred)

Duties & Responsibilities

• Annual pricing of the medical scheme solution for a large open medical scheme client, including competitive pricing against competitors.
• Maintaining processes to estimate outstanding claims (IBNR) and monitor current projected experience against budgeted figures and proactively identify and alert business to potential discrepancies.
• Assist with regular maintenance on components of projection models such as seasonality and IBNR factors.
• Continually improving efficiency in the regularly monthly, updated budget and pricing process by continual improvement of models.
• Assist junior analyst tasked with reporting with automation and streamlining of regular reporting process reports.
• Assist with design, development and monitoring of open medical scheme and associated health solutions.
• Assist with ensuring design initiatives for health solutions launch are adequately specified and costed with sufficient information provided on workings for decision makers.
• Work closely and assure alignment with senior actuarial analyst responsible for design.

Competencies

• Leads Change and Innovation
• Business Acumen
• Impact & Influence
• Diversity and Inclusiveness
• Collaboration

Seniority level

Mid-Senior level

Employment type

Temporary

Job function

Finance and Sales