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Actuarial Analyst

Australian Unity

Job Description

Job description

Join us and let’s make a bigger difference together.


It’s an exciting time to be joining Australian Unity – we have grown significantly over recent years and are transforming to capitalise on further growth opportunities to help our customers and employees thrive. We operate with commercial principles and with a strong social purpose to create community value. Australian Unity is proud to be an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.


Established in 1840, we’re Australia’s first member-owned wellbeing company.  Today we have over $1 billion in revenue and provide smart solutions and services to more than 700,000 Australians.  We employ over 7000 people and our purpose is to help people thrive.


Your role


Reporting to the Head of Actuarial Services – Retail, the Actuarial Analyst -Retail will support all key monthly, quarterly and annual actuarial processes including actuarial valuations, investigations, experience monitoring and forecasting.


Your responsibilities will include, but are not limited to:


  • Monthly outstanding claims liability estimation
  • Performing quarterly liability adequacy test
  • Preparing required actuarial inputs for regulatory reporting
  • Supporting the preparations of monthly and quarterly experience monitoring reports
  • Supporting the production of the annual financial condition report
  • Identifying opportunities for and implement process improvements
  • Assisting in the annual premium round process by providing analytical, data reconciliation and technical review support
  • Performing product pricing/ benefit costing, including extracting and analysing data, preparing projections and preparing actuarial assumptions documentation
  • Assisting in one-off projects where actuarial or analytical support is required
  • Supporting a customer centric culture through sustained actions and commitment
  • Supporting and adopt practices to listen learn and respond to customer and employee feedback
  • Delivering and continuing to enhance the customer value


About you


You will possess strong problem solving skills (structured and methodical) and attention to detail. You will have a demonstrated history of delivering quality services by taking initiative to make improvements.


To be successful in this role you will have; 


  • Tertiary qualifications in commerce, statistics or actuarial science. Other disciplines may also be considered.
  • 1-3 years’ experience in an actuarial role, preferably in insurance.
  • High proficiency in Excel
  • Familiarity with database software such as SQL, SAS and R will be an advantage.



What makes us, us


Putting people first is not just something we say, it's what we do. We care for our people so they can care for themselves and others. We stay true to our values (Bold, Warm, Honest), we work hard because it matters and we work well together – collaborating, encouraging and even managing to have some fun.


At Australian Unity we do the right thing and we expect the same from others. Being a member-owned company, means we're focused on our members and customers, not shareholder returns. Our purpose to help people thrive drives us to make a real difference, every day, big and small. We are passionate about improving the wellbeing of all Australians and about making a positive difference.


We believe everyone should be given opportunities; to be safe, to be encouraged, to be challenged and to grow. And we want you to be the best you can be – to have a go, make it happen, turn opportunities into reality. Together we embrace opportunities to make real life changes.


Australian Unity is an Equal Opportunity employer and we encourage applications from all members of the community, including people of Aboriginal and Torres strait Islander descent, culturally and linguistically diverse backgrounds and, mature aged people.


Should an applicant be the preferred candidate, background checks (including police checks, reference checks, ASIC banned and disqualified persons and bankruptcy checks) will be completed prior to the candidate's employment being confirmed. The outcomes of the background checks do not automatically bar candidates; however, will be assessed against the inherent requirements of the job.