Senior Healthcare Actuarial Specialist

4 days ago


Cape Town, Western Cape, South Africa Network Recruitment Full time
Network Recruitment

About the Role:

We are seeking a skilled Senior Healthcare Actuarial Specialist to join our team at Network Recruitment. As a key member of our actuarial department, you will play a critical role in analyzing and pricing medical schemes, identifying risks, and optimizing pricing models.


Job Description:

The ideal candidate will have a strong educational background in Actuarial Science, Mathematical Statistics, or Mathematics. Proficiency in SAS, SQL, and advanced Excel functions is required for data management and analysis. The successful candidate will also possess excellent analytical capabilities and practical experience with data manipulation.


Key Responsibilities:
  • Pricing Analysis: Collaborate with senior pricing actuaries to monitor, analyze, and price medical schemes, ensuring accurate identification of risks and optimization of pricing models.
  • Product Development: Contribute to the design and refinement of healthcare products to meet client needs, utilizing market research and competitive pricing strategies.
  • Market Research: Conduct in-depth research to inform competitive pricing and market strategies, providing valuable insights to drive business growth.
  • Data Management & Analysis: Utilize SAS, SQL, and advanced Excel functions to extract, analyze, and present complex data, identifying trends and understanding causes of deviations.
  • Scenario Investigation: Examine inconsistencies, explore different scenarios, and provide best-practice recommendations to optimize business outcomes.
  • Financial Reporting: Assist with financial reporting, including calculating IBNR using actuarial methods such as short-term insurance runoff triangles and statistical modeling.

Requirements:
  • Educational Background: Bachelor's Degree in Actuarial Science, Mathematical Statistics, or Mathematics.
  • Technical Skills:
    • Advanced skills in Excel (including macros) and proficiency in SAS or SQL for data manipulation and management.
    • Strong analytical capabilities with practical data manipulation experience.

Salary:

The estimated annual salary for this position is $80,000 - $120,000, depending on experience and qualifications.


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