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Graduate Actuarial Analyst

The nib Group has a mission and vision of people enjoying better health. Through our success, we aspire to more prosperous and sustainable communities, not only the creation of enterprise value. 

We believe that extraordinary people do extraordinary things. Extraordinary comes in different perspectives and experiences. We’re looking for people who want to be a part of a team that has the appetite and ambition to be different. We’re committed to an environment where everyone has the autonomy and freedom to be their best selves, every day.

Your Impact

As an Actuarial Analyst your new role will see you support the Actuarial leadership team in a wide range of actuarial modelling and advice provided to the nib Group. This includes determining assumptions for insurance liability valuations, maintaining detailed forecast models of gross profit used for product pricing and budgeting, performing analysis for new product design and pricing, assisting in the evaluation of business cases for new initiatives, performing stochastic modelling to assess internal capital requirements, and various ad-hoc analysis into the financial performance of the product range.

Your Team

The nib Actuarial team supports the nib Group by providing sound actuarial advice, financial modelling and review of material business decisions. Our actuaries are highly valued by the business and have a wide range of responsibility and input into the financial management of all our insurance segments. We are highly collaborative team who ensures that our analysts have a full range of exposure to all actuarial and machine learning modelling performed at nib. The role will see you quickly develop the commercial acumen and industry knowledge to help you succeed at nib.

Your Background 

With the desire and curiosity to learn and grow, you consider yourself someone who possess strong problem-solving skills and a high attention to detail. As a new or recent graduate, relevant tertiary qualification in Actuarial studies, Mathematics, Statistics or proven skills in a similar Actuarial Analyst role will ensure you are well placed for success in this role. Progression towards Associateship or Fellowship qualification of the IAA or equivalent actuarial body is desirable. 

You will also need:  

  • Strong financial modelling and Microsoft Excel skills
  • Proficiency or a desire to develop in SAS and R
  • A passion for innovation and continuous development of our internal modelling methodologies, including increasing the adoption of machine learning techniques
  • Ability to work autonomously and as part of a team to solve key business problems
  • Excellent verbal and written communication skills to communicate your ideas and analysis with key stakeholder groups across the organisation 


The nib Group is a highly collaborative, purpose led, and values driven organisation. To support you at work (and play), we offer some fantastic benefits including but not limited to: 

  • Employee health insurance discounts 
  • Employee share plans
  • Volunteer leave
  • Paid parental leave
  • Gym discounts and fitness incentives
  • Short-term incentive programs
  • Educational assistance
  • Flexible work options, including work from home

At nib Group, we welcome original thinkers and encourage innovation, diversity and collaboration to drive our purpose of your better health for our members and travellers. 
We embrace a flexible working environment and welcome candidates from diverse backgrounds aiming to create a work environment where employee differences such as gender, age, culture, disability, sexual orientation and education are valued to reflect the diversity of the communities in which we operate. 

All your information will be kept confidential according to EEO guidelines. Successful applicants will be required to complete a background check (including criminal history and bankruptcy check) prior to commencement of employment.

How to Apply

All applications must include a current CV and a cover letter outlining how you meet the selection criteria and your motivation for joining the team. 

Closed 9 months ago
Closed 9 months ago
  • Job type:Graduate Jobs
  • Disciplines:

    Actuary, Mathematics, Statistics

  • Work rights:

    New Zealand Citizen, Australian Permanent

  • Locations:

    Newcastle, Sydney

  • Closing Date:20th Aug 2021, 1:59 pm


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