Discovery Life

 

Actuary

Product Development & Implementation

 

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 Life

Discovery Life is an ever growing fast-paced and dynamic environment that provides innovative risk assurance to individual clients. This environment thrives on customer engagement and customer experience as well as mutually beneficial relationships with our brokers and other stakeholders.  It is important for our employees to provide a world class service to our internal and external clients, thereby ensuring long and sustainable relationships

 

Key Purpose

The primary function of the role is to support the day-to-day actuarial operations of the existing Discovery Life products and benefits. It involves the maintenance of the existing and historical benefit rules, and particularly those that impact operational areas such as servicing, claims, finance, credit control and commission. The role also involves adding an analytics component to the existing actuarial operations team so as to provide key actuarial insights and support to the wider operational areas of Discovery Life.

 

 

Areas of responsibility may include but not limited to

 

Maintain and/or enhance product specifications for the entire in-force suite of Discovery Life products. Assist with the product development, enhancement and management of various individual Discovery Life benefits Communicate effectively and provide support, assistance, actuarial insights and analysis into wider operational areas such as servicing, claims, finance, credit control and commission Actuarial and statistical modelling of the existing book, including value assessment of proposed initiatives, enhancements and/or management actions Assist with and take ownership of various components included in the product life cycle of Discovery Life’s existing benefits, including technical debt and product day 2 deliverables Analyse and/or extract data sets, optimise business processes, understand risks, build sophisticated tools and actuarial analysis so as to ensure the smooth running of the existing product suite Provide expert product support to various actuarial teams within the Discovery Life to assist with delivery of key business deliverables. Providing innovative solutions to complex product problems to improve the overall product offering of Discovery Life

 

Education and Experience

 

Essential:

Matric with Mathematics Relevant Bachelor’s / Honours degree in Actuarial Science from an accredited institution. At least 5 years of working experience as an Actuarial Analyst or Actuary Qualified as a Fellow Actuary

 

Advantageous:

At least 2 years of working experience as a qualified Actuary At least 2 years of working experience within the Individual Risk Life industry 

 

Technical Skills and Knowledge

 

Essential:

Intermediate proficiency in MS Word, MS Excel, MS Outlook. Superior technical and analytical ability Excellent communication skills  Advanced Excel capabilities

 

Advantageous:

Modelling and Data Analytics software skills (Prophet, SQL etc.) Experience managing direct reports and wider project teams

 

 

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.