Actuary - Workers Compensation

Job Description:
About the role
DXC manages workers’ compensation and general insurance claims on behalf of regulators, self-insurers, and insureds in Australia.
In Victoria, DXC has a long history of managing workers’ compensation claims as an agent for WorkSafe Victoria. In New South Wales, DXC was recently appointed as a Claims Service Provider by icare. We commenced managing NSW workers’ compensation claims in September 2023. DXC also manages self-insurance and general insurance claims across various lines. As such this role can be based in Melbourne or Sydney.
Our portfolio in Australia extends to Business Process Outsourcing operations, including payroll and mortgage processing.
In this role, you will work across the portfolio, emphasising our workers’ compensation operations. Working with our analysts, business support and senior management teams and clients, you will
Create operational models related to market share, claims volumes and resourcing requirements.
Develop financial models to forecast remuneration and costs with scenario analysis.
Analyse the business performance, identifying risks and opportunities.
Recommend programs to mitigate risks and maximise operational opportunities across the business.
Work across the business to identify and operationalise innovations across both technology and process.
Support business development and growth across the entire portfolio.
As a member of the Senior Leadership team, you will
Play a vital role in developing the organisational strategy – including growth and delivery models for the overall success of the account.
Display the organisational values and senior leadership behaviours required to reflect DXC’s company values.
To be successful in this role, you will have the ability to:
Analyse historical data and emerging trends related to workplace injuries, accidents, and illnesses to assess risks accurately.
Develop and maintain actuarial models related to pricing structures and financial forecasts for workers’ compensation and general insurance.
Collaborate with claims professionals to evaluate and mitigate risks and optimise opportunities.
Conduct scenario analysis and sensitivity testing to assess the potential impact of different variables on operational and financial models.
Stay updated on regulatory changes, industry benchmarks, and workers’ compensation insurance best practices.
Prepare detailed reports and presentations to communicate actuarial findings and recommendations to internal stakeholders and clients.
Ideally, the candidate will possess:
Bachelor's or Master’s in Actuarial Science, Mathematics, Statistics, or related field.
Excellent analytical, problem-solving, and communication skills.
Extensive experience in actuarial analysis
Flexibility to work across teams and business lines.
Flexible working arrangements
In alignment with our commitment to fostering a flexible and dynamic work environment, we have adopted a hybrid working approach that acknowledges the importance of in-person collaboration while recognising that the determination of your work location will be based on a range of factors to ensure both individual preferences and operational requirements are met.
Employee benefits
DXC offers competitive remuneration, benefits, training, and career opportunities, reflecting our commitment to improving the lives of our employees and the communities in which we live and work.
Some of these benefits include:
Extensive resources to support your onboarding and continued development, including DXC University
DXC recognition, our global virtual platform which fosters a culture of appreciation and celebration.
More time to do the things you love with flexible leave options, including purchased leave.
Time to give to the community with charitable and emergency services volunteer days.
An Employee Assistance Program to support you and your family.
Novated leasing, discounted health insurance, paid parental leave and many other discounts.
We know that great people refer great people. We will reward you when you bring your friends and family to work at DXC.
DXC is committed to building better futures for our customers, colleagues, environment, and communities. We take care of each other and foster a culture of inclusion, belonging and corporate citizenship. We put this into action through our social impact practice.
If you would like to be part of a culture that drives innovation, delivers results, rewards performance and encourages ideas, then please press the "Apply Now" button to submit your resume.