Pricing Actuary

About the Role

Join Laya Healthcare at our Cork office as a Pricing Actuary, a vital position within our Commercial Pricing & Finance team. You will be instrumental in shaping sustainable and competitive pricing frameworks for health insurance products, delivering insightful financial analysis to guide strategic decisions. This role offers a unique opportunity to impact product design, pricing methods, and overall commercial performance in a leading Irish healthcare provider.

Key Responsibilities

• Design, review, and maintain pricing mechanisms for both new and existing health insurance offerings.
• Ensure pricing strategies are consistent with company goals, competitive in the market, and compliant with regulations.
• Assist in developing product benefits, plan configurations, and commercial propositions with financial assessments.
• Perform annual and ad hoc premium evaluations based on claim trends and cost drivers.
• Conduct scenario modelling and sensitivity analysis to understand pricing and market shifts.
• Track and elucidate discrepancies between expected and actual financial outcomes.
• Support budgeting, forecasting, and business planning activities.
• Provide transparent analysis to aid management and senior leadership in decision-making.
• Ensure adherence to Health Insurance Authority regulations through accurate regulatory submissions.
• Advance pricing methodologies, models, and processes by incorporating best practices and new technologies.
• Enhance data utilization and reporting frameworks to optimize business insights.
• Contribute toward the evolution of underwriting and analytical management information.

Qualifications & Experience

• Degree in Actuarial Science, Mathematics, Finance, or a related discipline.
• Qualified Actuary or engaged in actuarial qualification (e.g., Society of Actuaries in Ireland or equivalent).
• Proven analytical and problem-solving capabilities with meticulous attention to detail.
• Strong communication skills with an ability to engage stakeholders effectively.
• Solid commercial understanding and capacity to interpret complex data into actionable insights.
• Preferably experienced in pricing or benefits consulting within insurance or healthcare sectors.
• Familiarity with Irish health insurance rules, including community rating and risk equalisation frameworks.
• Experience with data modelling, forecasting, and pricing software tools is advantageous.

Employee Benefits

• Comprehensive health insurance from the first day of employment.
• Options for hybrid working arrangements.
• Attractive salary complemented by an annual bonus scheme.
• Employer pension plan contributions.
• Extensive family leave benefits.
• Opportunities for ongoing career development and learning.
• Access to wellness programs and employee support services.
• A supportive culture that embraces innovation, excellence, and personal advancement.