Actuarial Analyst - Centurion, South Africa - Pathfinders Consulting Pty (LTD)

Description

The purpose of the job is to analyse data and derive insights utilising statistical and actuarial models to inform product development, benefits design and pricing within the healthcare industry. As an Actuarial Analyst you will be responsible to:

• Research and advocate various policy issues and concepts to help improve the healthcare system - Contribute to mergers and acquisition, product development, benefit design and review process, pricing and other actuarial evaluation and actuarial reports from schemes and other related research studies.
• Analyse, develop and validate statistical data - Update actuarial forecasting models, refine and collect appropriate data for actuarial analysis and ensure reasonableness and accuracy by coordinating and providing support to the Policy, Research and Monitoring Division, and update and maintain forecasting models.
• Apply the latest procedures, standards and trends like cost-benefit analysis, programme evaluation, etc. for the development of health plans.
• Design health metrics and data analysis methods - collaborate with other units within the organisation to ensure the accurate and efficient implementation of metrics and data.
• Participate and assist in various committees related to the PMB Review project.
• Provide actuarial support to other business units and participate in projects as and when required.
• Undertake allocated assignments/tasks in accordance with operational requirements.

Requirements

SKILLS AND KNOWLEDGE BASE
The successful candidate will have the following essential qualifications, competencies, and skills: A Bachelor's degree in Actuarial Science or Advanced Diploma/Bachelor's degree in Statistics or Mathematics, or relevant equivalent qualification at NQF Level 7; Minimum of 5 years actuarial experience, 2 years of which must be in product development at a specialist/supervisory/management level. Valid registration with the Actuarial Society of South Africa. An Honours degree qualification in Actuarial Science or Statistics or Mathematics at NQF Level 8 will be an added advantage. Experience in healthcare research, and actuarial analysis, and/or maintaining actuarial models for risk assessment of insurance products will be an added advantage

Training and Knowledge areas:

• Understanding of relevant legislation (MSA, CMSLA, etc.)
  
• Familiarity with evidence-based medicine principles
  
• Proficiency in research methodologies
  
• Understanding of health financing systems and economics
  
• Ability to collect, analyze, and interpret large datasets for actuarial decisions
  
• Knowledge of public and private healthcare, including National Department of Health policies
  
• Familiarity with budget impact analysis and economic evaluation techniques
  
• Ability to conduct literature searches and synthesize research evidence
  
• Computer literacy
  

Benefits

Permanent role

The total annual package for the position is R 1,094,114.00