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Job Details: Consultancy for Actuarial Analysis of the Osun State Health Insurance Scheme

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Consultancy for Actuarial Analysis of the Osun State Health Insurance Scheme
Osun State
Nigeria
Palladium is a global leader in the design, development and delivery of Positive Impact - the intentional creation of enduring social and economic value. We work with foundations, investors, governments, corporations, communities and civil society to formulate strategies and implement solutions that generate lasting social, environmental and financial benefits.

For the past 50 years, we have been making Positive Impact possible. With a team of more than 2,500 employees operating in 90 plus countries and a global network of more than 35,000 technical experts, Palladium has improved - and is committed to continuing to improve - economies, societies and most importantly, people's lives.

Palladium is a child-safe organisation, and screens applicants for suitability to work with children. We also provide equal employment to all participants and employees without regard to race, color, religion, gender, age, disability, sexual orientation, veteran or marital status.
The Osun state Government has signed into law, a bill that establishes the Osun State Health Insurance Scheme (OHIS) with the overall goal of ensuring all residents of the state have access to quality and affordable health care services with financial and social risk protection. As part of the design of the scheme, a health benefits package has been developed to ascertain the health services to be provided as entitlement to enrollees on the scheme.

The overall aim of this consultancy is to support the pricing of the Osun benefit package and determine an actuarially fair priced premium including the appropriate distribution of medical claim costs, admin costs and reserve margin and the appropriate payments for capitation and fee for service for providers in order to inform the selection of a financially sustainable premium and processes for OHIS.
 
Deliverables
  1. A comprehensive actuarial study report for the Osun benefit package scenarios containing:
  2. Appropriate premium (Individual and Family package) to cover medical costs, overhead administrative costs, and reserve margin of the scheme.
  3. Determination of an appropriate premium rate for individual/household package and additional family members.
  4. Modular pricing for the Osun benefit package including the different scenarios and disease conditions for individual and household packages.
  5. Rates for medical payouts (Capitation fee and Fee-for-Service), including tariff structure for procedures, consultations, pharmaceuticals and diagnostics.
  6. Rates for administration fee to HIAs/TPAs/OHIS.
 
Expected Period of performance of the consultant: 10th December to January 15th 2018.
 
 
Skills and Expertise Required
The consultant should be a licensed actuary and possess the following;
  1. An advanced degree in Mathematics, Statistics, Finance, Insurance and Actuarial science or other quantitative fields with about 7 years’ experience in this field.
  2. Strong statistical, analytical and monitoring skills with solid understanding of all life/disability actuarial techniques, standards, and assumptions
  3. Strong knowledge of insurance operations and the procedures of Financial, Underwriting, Claims, Statistical, Information Technology, Legal, and Sales departments
  4. Experience in conducting actuarial analysis for health insurance in Nigeria.
  5. Must have led rate-making and pricing initiatives for insurance products.
  6. Effective written and verbal communication skills in presenting recommendations to non-actuaries.
  7. Advanced computing knowledge and high proficiency in use of Spreadsheet applications.
  8. Membership of Chartered Insurance Institute of Nigeria will be an added advantage.
 
12 Dec 2018
    
By submitting an application for this position you are agreeing to submit to or provide information relating to police/background checks which may be conducted as applicable.

Palladium is committed to the protection of personal information and compliance with relevant data protection and privacy laws. The information requested as part of your application is collected directly from you to assess your suitability to provide services to Palladium, its clients and/or any of its projects. Any information that you provide will be recorded and maintained in a confidential way. Applicants are considered for employment without regard to race, colour, religion, sex, sexual orientation, gender identity, national origin, age, disability or protected veteran status, or any other legally protected basis, in accordance with applicable law. Palladium is a child-safe organisation and screens applicants for suitability to work with children. Our checks may include a police check. If this applies to your position, this will be discussed directly with you by our recruiter. We collect the information outlined in this form on the legal basis of your consent and then may later use it for compliance with relevant laws (e.g. taxation), the performance of any contract we have with you or any contract we have with our client. This contract performance management includes managing your employment, your performance and/or engagement with us. The information you supply may be provided to our related companies and offices overseas, subject to such overseas offices/related companies being bound by the same data protection standards as the office/related company to which you provide the information and provided also that such transfer of information is required as part of fulfilling the purpose of or the reasons for the provision of the information, or for the performance of any subsequent contract. An example of this might be that the hiring managing or an individual involved in the decision is based in another location. Further details on overseas transfers are available at http://thepalladiumgroup.com/legal/our-policies. If you do not provide your data or consent to processing by us then we cannot assess your suitability to enter into a contract with you. Depending on your country of residence, you may have certain data protection or privacy rights. You can find details, including our retention guidelines, at http://thepalladiumgroup.com/legal/our-policies. Data protection or privacy queries can be directed to Privacy@thepalladiumgroup.com.

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