Actuary

General information

Description & Requirements

The opportunity:

Be at the heart of our mission to become the world's most customer centric Healthcare company!

Are you passionate about data analysis and risk management? Do you thrive on optimising portfolios to achieve the best outcomes? 

The Actuary will be responsible for pricing new products and benefit changes, providing profitability analysis insights for both the domestic and international portfolios, identifying claim drivers and projecting product performance.

The role will also require collaboration with other areas of Bupa and other actuaries, critical thinking to challenge existing methods and processes, and project management to assist with end-to-end delivery of models and their application. The role will also involve identifying insights and opportunities to assist business units optimise the business, and communicating findings to stakeholders.

How will I help?

• Developing and evolving models and algorithms to apply to datasets and monitor predictive ability across diverse data analytics-focused projects
• Assessing the effectiveness and accuracy of new data sources and data gathering techniques, to augment current data sources with other internal and external databases improving model accuracy and provide additional insights
• Provide thought leadership and strategic advice to the business in interpretation of model results
• Identify and leverage potential insights and opportunities for optimising the business, by liaising with other business units
• Active contributor to the annual premium application process
• Partnering with members of the Actuarial team to deliver on other projects as required, e.g. financial projections and reporting, budgeting, premium application, provisions and capital management, and assisting with the preparation of the annual Financial Condition Report
• Preparation of Actuarial Advice as required under the Actuarial Advice Framework to the business or Board.

Why work at Bupa?

We keep our people smiling by helping them improve their lives in and outside of the office. 

We’re a welcoming lot, no matter who you are or where you’ve come from. We welcome all talents and backgrounds and embrace our differences, so you can bring your true self to work.

We support our people to be the best version of themselves, physically and mentally. With a healthy work/life balance, leadership support, reduced private health cover, study leave, volunteering options and a commitment to promoting from within.

Our employees can access wide range of benefits: from our own products (incl. health insurance discounts) to many other products and services via our partnerships program (like Apple, Samsung, JB Hi-Fi, plus gym and spa discounts to name a few). We reward our people and celebrate their success, provide initiatives that develop careers and look after our people’s health, wellbeing, and futures.

What do I need?

• Fellow of Institute of Actuaries of Australia (FIAA)
• More than 2 years of post-qualification (FIAA) work experience
• Actuarial experience with a large Australian health insurer is desirable 
• Strong verbal and written communication skills
• Have a proven track record of being able to work with non-actuaries and with different levels of management

About Bupa Asia Pacific:

Bupa is an international healthcare group which has been committed to a purpose of helping people live longer, healthier, happier lives and making a better world for more than 70 years.

Bupa Asia Pacific operates in Australia, New Zealand and Hong Kong, supporting about 6.5 million customers through a broad range of health and care services including health insurance, aged care, dental, medical, optical and hearing services. Employing more than 20,000 people in the region, we believe that we can make a real difference to the lives of customers through our values, purpose and the way that we deliver personalised care.

At Bupa, we are striving to create and sustain a safe and inclusive workplace. We welcome applicants from all cultural backgrounds, genders, and abilities. If you require any adjustments to participate in our recruitment process, please let us know at the time of your application.