
Head of Actuarial
3 days ago
Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.
The performance management and actuarial supports organization performance management and actuarial functions.
Role and Responsibilities
- Providing actuarial oversight across all health-related pricing, underwriting and claims practices.
- Developing and executing new, innovative pricing strategies that will allow the company to build out a sustainable health insurance business.
- Partnering with the Propositions team to deliver new, innovative health insurance solutions that are both marketable and profitable.
- Participating in the Product Governance (Product Approval Process)
- Supporting the Connected Care and Technical Excellence teams as they design and implement various medical claims cost containment initiatives.
- Design product features that impact customer behaviour as a way to better control medical cost (i.e. steerage)
- Supporting the LBU Pricing and Actuarial Teams as they develop and implement health-related pricing initiatives (i.e. Risk Based Pricing)
**Qualifications**:
- Bachelor’s degree in actuarial science, mathematics, statistics, finance, or a related field
- Extensive experience in actuarial analysis, performance management and financial service industry
- Strong analytical and problem-solving skills to interpret complex data and provide strategic insights for decision making.
- Ability to collaborate with cross functional teams to develop and implement performance management strategies and initiatives.
- Extensive experience in healthcare management, analytics, fraud, waste, and abuse detection
- Strong analytical skills and proficiency in data analysis tools and techniques
- Knowledge of healthcare billing and coding practices, reimbursement, methodologies and regulatory requirements.
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