Consultant Health Actuarial

Position Description:

Actuarial consultant responsible for pricing and product development of health products.

Key Responsibilities:

Develop and enhance health insurance products tailored to market needs and customer preferences.
Conduct market research and competitive analysis to identify opportunities for new product features.
Lead actuarial pricing for assigned products, determining premium rates based on risk and financial projections.
Ensure compliance with insurance regulations and collaborate with regulatory teams for approvals.
Analyze product performance and recommend modifications or discontinuations.
Assess profitability through actuarial modeling and implement pricing adjustments.
Evaluate risk exposure and recommend mitigation strategies in collaboration with underwriting.
Support product launches with cross-functional teams including marketing and distribution.
Utilize actuarial tools for claims and expense projections; perform sensitivity analyses.
Monitor post-launch performance and adjust pricing based on KPIs.
Customize offerings for target customer segments in collaboration with marketing.
Share pricing methodologies and support team learning initiatives.

Key Competencies:

Actuarial Analysis
Retail Health Underwriting
Audit & Risk Management
Health Insurance Domain Knowledge
Strategic Decision-Making

Behavioral Traits:

Analytical thinking and problem-solving
Effective communication and collaboration
Adaptability and continuous learning
Attention to detail and accountability