Actuary Actuarial Analyst - Sandton, South Africa - Discovery Ltd.

Discovery Ltd.
Discovery Ltd.
Verified Company
Sandton, South Africa

1 week ago

Thabo Mthembu

Posted by:

Thabo Mthembu

beBee Recruiter
Description

Business Unit:
Discovery Life
Function:Actuarial Sciences
Date:8 May 2024- Discovery Life
Actuary | Actuarial Analyst
Experience Analytics and Research
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 fastpaced and dynamic environment enables smart, selfdriven 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 fastpaced 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 Individual Life Analytics team is responsible for strategic and impactful projects for the business, offering a platform for the best actuaries to grow, own key responsibilities and challenge their abilities.

The focus of this role is to support the reporting, monitoring and deeper analyses of actuarial experience to drive insights for management decisions and to inform the setting of assumptions.

The role involves exposure to a wide range of business areas such as underwriting, claims, reinsurance and other operations, as well as the wider Discovery Group.

- Areas of responsibility may include but not limited to:

  • Take ownership of monthly actuarial experience reporting such as claims, lapses, paybacks and new business to inform key management decisions
  • Develop and maintain actuarial models to aid in strategic business decisions
  • Ensure data processes are continuously maintained and updated
  • Conduct deeper analyses to inform impacts of experience variances for financial reporting
  • Analysing large datasets to yield rich insights and communicating the results to a variety of stakeholders
  • Compilation of reports for Discovery Life Exco, Actuarial Committee and Discovery Board
  • Perform special investigations into focus areas of actuarial experience
  • Identifying and understanding key business and data trends, assess the impact and identify possible courses of action to manage risk
  • Develop and leverage key working relationships with various stakeholders across the business in order to support the aims of the organization

Personal Attributes and Skills

  • Identifying and analysing trends
Adapting and responding to change
Results orientated and commercial thinking
Working with people
Deciding and initiating action

  • Proactive, accountable and able to thrive under pressure
Advanced proficiency in MS Word, MS Excel and MS Outlook
Analytical skills
Statistical skills
Creating innovating solutions to complex problems
Writing and reporting


Actuarial Analyst

Education and Experience

Essential:


  • Matric with Mathematics
  • Honours Degree in Actuarial Science

Advantageous:


  • At least 1 year of working experience as an Actuarial Analyst
  • Good exam progress with recognised actuarial professional body, e.g. ASSA or IFoA
  • SQL knowledge
  • Prophet experience

Actuarial Manager

Education and Experience

Essential:


  • Matric with Mathematics
  • Honours Degree in Actuarial Science
  • Qualified / nearqualified actuary with recognised actuarial professional body, e.g. ASSA or IFoA
  • At least 2 years related work experience
  • SQL knowledge

Advantageous:


  • 35 years of working experience as an Actuarial Analyst / Actuary in the Life Insurance industry
  • Prophet experience

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.

  • 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.
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