Actuarial Data Analyst – Health and Benefits
London, GB
The Role
Health and Benefits (‘H&B’) is a specialist centre of excellence in all aspects of health, wellbeing and risk consulting for corporate clients. With more than 200 consultants and support staff in the UK, this team provides a broad range of services to support the design, financing and management of integrated health solutions that are tailored to meet clients’ needs.
The H&B team assists clients in many ways, including to:
• Benchmark existing employee benefit provisions and costs.
• Design appropriate benefit programmes.
• Finance and/or broker benefit programmes appropriately.
• Consider broader wellness strategies.
• Respond proactively to market developments and changes in legislation.
• Establish proactive and robust governance frameworks.
Within the H&B team is a specialist actuarial/financial modelling and data analytics unit. The function of the specialist unit is spread across three main areas:
1) Data Analytics
The actuarial unit is at the forefront of H&B research and strategic innovation arm involving medical and employee benefit related data analytics and benchmarking. The unit is actively looking at areas of “connectivity” for our clients across the benefits spectrum, helping them to understand changing behaviours and trends. The successful candidate will be instrumental in driving the creative thinking in this area.
2) Accounting for post-retirement medical plans
This involves actuarial calculations and the preparation of disclosures for around 30 post-retirement medical plans for financial accounting purposes. The team also advises clients on related issues such as medical cost inflation and around de-risking of retiree medical plans.
3) Financial Modelling – supporting broking and consulting teams
The actuarial unit provides support to healthcare and risk benefits consultants within H&B, including work on financial modelling to deliver new and innovative solutions to clients on their health and risk related benefit programmes (examples include; independent pricing of employee benefits, captive reserving and assisting clients who wish to self-finance by developing funding strategies).
Responsibilities:
You will be expected to assist with the actuarial team’s expansion across each of the three core areas. Projects and tasks are likely to include:
The Requirements
Flexibility on location base
Equal opportunity employer
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