Actuarial Analyst at Momentum Metropolitan Holdings Limited

Role purpose

Utilise Actuarial skills to assist the business to design and price health solutions for employer groups and retail members of an open medical scheme client and maintain the components of the models used for future projections and estimating outstanding claims.

Outputs and Reponsibilites

• Develop and maintain health solutions, interventions and products for employer group and retail clients of a large open medical scheme client.
• Assist in running the benefit design process to ensure input from and consultation with all internal and external stake holders and keeping them up to date throughout the design process.
• Ensure design initiatives for health solutions launch are costed with sufficient information provided for decision makers and ensure readiness for implementation post launch with accurate and complete product specifications.
• Assist in maintaining processes to monitor current projections and experience against budgeted figures or other expectations and to pick up and rectify any discrepancies proactively.
• Assist with regular maintenance on components of pricing and projection model such as seasonality and IBNR factors
• Automation of reports and improving efficiency in the team by continual improvement of models and reports, using VBA, cubes and data visualisation tools.
• Collaborate and build relationships with product development and segment teams across Momentum Metropolitan Limited.
• Provide authoritative, expertise and advice to clients and stakeholders
• Build and maintain relationships with clients and internal and external stakeholders
• Deliver on agreements made with clients and internal and external stakeholders in order to ensure that client expectations are managed
• Make recommendations to improve client service and fair treatment of clients within area of responsibility
• Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service
• Develop and maintain productive and collaborative working relationships with peers , clients and stakeholders
• Positively influence and participate in change initiatives
• Continuously develop own expertise in terms of professional, industry and legislation knowledge
• Contribute to continuous innovation through the development, sharing and implementation of new ideas
• Take ownership for driving career development
• Effectively manage time and ensure optimal productivity
• Ensure technical product and legislative knowledge is always current in order to propose the most relevant and innovative client solutions and comply with governance requirements
• Be self-confident, self-motivated and relentlessly pursue targets and goals.
• Be able to lead and mentor a number of junior analysts

Qualifications and Experience

• Degree in Actuarial Science
• Honours Degree in Actuarial Science (preferred)
• Good progress in actuarial exams (Completed A level exam and A311 and F1 level or attempting F1 level) (preferred)
• 3 years' product development and / or pricing experience
• Exposure to healthcare pricing and / or benefit design
• Exposure to standard business packages – e.g. Excel
• Proficiency in SQL (preferred)