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The Actuarial Transformation Program (ATP) aims to modernise actuarial modelling tools and systems, many of which are currently maintained through spreadsheets. As part of this transformation, we plan to procure the following tools and solutions; Forecast Modelling, Rate Submission Tool, Volatility Modelling Tool, Analysis of Change Tool, Actual vs. Expected Cashflow Tool, and BI Dashboard reporting optimisation with existing solution.  Whilst we are looking for a 12-month fixed term contract this is a two to three program of work. 

The Actuarial Transformation Program (ATP) will enable: 

• Transformation of the APAC actuarial function, advancing our actuarial capabilities. 
• A new holistic tool for short and long term forecasting, budgeting, model office, stress testing and capital modelling.
• Automation of price setting process and premium applications.
• Reduced manual work and human error.
• Empowerment of the actuarial team to generate enriched, data-driven insights and forward-looking recommendations, supporting sustainable growth and strategic decision-making.
• Increased speed to market and confidence in price and product design. 

The opportunity

We’re looking for a Lead Business Analyst to act as a bridge between our Actuarial teams and IT, ensuring business requirements are captured accurately and translated into technical specifications.

The role will focus on Forecasting Modelling, Volatility Modelling, and Rate Submission processes, requiring expertise in both business analysis and actuarial processes.

This is a 12-month, fixed term position, and we expect this to be a 2-3 year program of work. 

You can be based in Melbourne, or Sydney, and you’ll have the flexibility to work from our offices in any of these locations and work from home. 

To be successful in this role, you’ll need to have:

• 8+ years of experience in business analysis, with a focus on actuarial or financial transformation.
• Experience in the pre-inception or inception stages of the Request for Proposal (RFP) process with a strong understanding of the early phases of RFP development, including identifying project requirements, defining scope, and establishing key deliverables.
• Strong understanding of actuarial forecasting, volatility analysis, and rate submission processes. 
• Proven experience working with data transformation and modelling projects within the insurance sector.

How will I help? 

• Gathering, analysing, and documenting business requirements for forecasting, volatility, and rate submission processes. 
• Developing and managing detailed business requirement documents, user stories, and process maps.
• Engaging with actuarial SMEs, data engineers, and analytics teams to ensure alignment on business needs and technical solutions. 
• Identifying, documenting, and managing key dependencies, risks, and issues, ensuring proactive mitigation plans. 
• Facilitating workshops and working sessions to validate requirements and obtain stakeholder buy-in. 
• Supporting testing and quality assurance activities, ensuring business requirements are met. 
• Developing training materials and provide training to end-users, ensuring successful adoption of the new systems and processes.

Why work at Bupa?

A career at Bupa is more than just a job. It’s an opportunity to make a real difference in the lives of our customers and communities. Our purpose, helping people live longer, healthier, happier lives and making a better world, is what inspires us. It’s a promise to our customers to change lives, and our world, for the better. Our people are at the heart of this. It’s their passion, ideas and commitment that will shape a brighter future for both Bupa and our customers.

We’ve evolved from being simply a health insurer to what we call a ‘health and care’ company. This involves providing more wide-ranging services to benefit people’s health and wellbeing, wherever they are in life. 

If you’ve got the belief, the energy, and the talent, come and join us.

To learn more about working at Bupa please visit our website: www.bupa.com.au/careers

Bupa is an equal opportunity employer. We are committed to ensuring equality in recruitment, development, retention, and promotion of staff and that no-one is disadvantaged based on their gender, cultural background, disability, sexual orientation or identity, or Aboriginal and Torres Strait Islander heritage. 

We encourage people from all backgrounds to apply. If you require any adjustments to participate in our recruitment process, please let us know at the time of your application.