Discovery – Insure

 

Actuarial Analyst

 

About Discovery

Discovery’s core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.

 

About Discovery Insure

Discovery Insure is committed to creating a nation of great drivers and building better businesses through our innovative Shared-value Insurance model. Discovery Insure is South Africa’s fastest growing short-term insurance company with comprehensive products that provide protection against current and emerging risks facing clients in the motor, home and business insurance sectors. Vitality Drive, an internationally-recognised and award-winning programme, is a key differentiator in the market that incentivises and rewards clients for driving well. The Vitality Drive programme has been scaled to local and international markets which now include Europe and the Middle East. The company employs over 1 000 people who are committed to putting our customers and financial advisers first by providing unique and innovative solutions and cover.

 

Key Purpose

We are seeking a Technical Pricing Manager with a strong background in short-term insurance to lead the development of pricing models and strategies. The ideal candidate will have experience in predictive modeling, data analysis, and actuarial techniques to support business objectives and drive profitability.

 

Areas of responsibility may include but are not limited to

•Develop and implement pricing models and strategies for short-term insurance products.

•Conduct predictive modeling and data analysis to inform pricing decisions.

•Monitor and analyze the performance of pricing models and adjust as necessary to meet business objectives.

•Collaborate with underwriting, actuarial, and product development teams to ensure pricing accuracy and competitiveness.

•Provide analytical support and insights to inform strategic decision-making and business planning.

•Lead the development of pricing tools and systems to enhance efficiency and effectiveness.

•Stay updated with industry trends, regulatory changes, and market conditions to ensure pricing strategies remain relevant and compliant.

•Prepare and present detailed reports and recommendations to senior management.

•Mentor and guide junior team members in technical pricing methodologies and best practices.

•Support ad-hoc analysis and projects related to pricing and profitability as needed.

 

Skills

•Modelling skills preferred

•Experience with WTW software (e.g., Emblem, Radar)

•Programming Skills: SQL (Intermediate)

•Microsoft Office (Excel, PowerPoint and Word) (Advanced)

 

Education and Experience

 

Education:

•Matric (Essential)

•Honours degree in Actuarial Science and/or Mathematical Statistics/ Computer Science or Strong mathematical/economics candidate (Essential)

•FASSA (Advantageous)

 

  Minimum Experience:             

•At least 3–5-year Technical Pricing experience within an Insurance industry (advantageous)                                                                                                           

 

EMPLOYMENT EQUITY   
                             
The Company’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.