Job Brief
As a Health Actuary, you will play a critical role in analyzing statistical data related to mortality, accidents, sickness, disability, and retirement rates. Your primary responsibility will be to construct probability tables to forecast risk and liability for future benefit payments. The ideal candidate will possess a strong analytical background, proficiency in statistical software, and a deep understanding of insurance rates and cash reserves necessary for ensuring the payment of future benefits.
Responsibilities
- Analyze and interpret complex statistical data related to health risks.
- Develop and construct probability tables to forecast future liabilities and risks.
- Evaluate mortality, accident, disability, and retirement rates to inform actuarial decisions.
- Calculate insurance rates and assess the adequacy of cash reserves for future benefit payments.
- Collaborate with healthcare professionals and stakeholders to provide insights on risk management.
- Prepare comprehensive reports and presentations for senior management and regulatory bodies.
- Utilize statistical software and actuarial modeling techniques to support data-driven decision-making.
- Stay updated on industry trends, regulations, and best practices in actuarial science.
Requirements
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or related field.
- Professional actuarial designation (such as ASA, FSA, or equivalent) is preferred.
- Strong analytical, problem-solving, and mathematical skills.
- Proficiency in statistical software (e.g., SAS, R, or Python) and Excel.
- At least 3-5 years of experience in health insurance or actuarial consulting.
- Excellent communication skills, both written and verbal, for effective stakeholder engagement.
- Ability to work independently and manage multiple projects simultaneously.
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