Actuarial Analyst - Sandton, South Africa - Discovery Ltd.

Discovery Ltd.

Verified Company

Sandton, South Africa

1 week ago

Posted by:

Thabo Mthembu

beBee Recruiter

Description

Business Unit:
Discovery Life
Function:Actuarial Sciences
Date:8 May 2024- Discovery Life
Actuarial Analyst
CEB Valuations
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 purpose of the role is to assist the senior actuary with the valuation responsibilities for Discovery Corporate and Employee Benefits. The key tasks for the role include monthly experience reporting, quarterly regulatory reporting, semiannual valuation reporting and various actuarial analytics projects. This work involves analysing and giving input on key actuarial metrics to assist in management decision making and working with teams across the business to help improve different aspects of the product offering.
Areas of responsibility may include but not limited to
Report on monthly actuarial experience for ongoing monitoring of the business and to inform management decisions
Semiannual, in depth, experience analyses to assist with setting assumptions
Valuation reporting and embedded value calculations to be included in the semiannual financial reports
Quarterly and annual regulatory reporting
Develop and maintain existing valuation and reporting models
Enhance existing processes
Maintaining and updating data controls and systems
Working with other teams across the business to improve data and client experience metrics

Education and Experience

Essential:

Matric with mathematics
Bachelor's / Honours degree in Actuarial Science or Mathematical Statistics from an accredited institution
Strong actuarial exam progress
SQL or other coding experience

Advantageous:

Honours in Actuarial Science
CT1 and CT5 exemption, or equivalent
At least 1 years of working experience as an Actuarial Analyst within the Life Insurance or Employee Benefits space.

Technical Skills and Knowledge

Intermediate proficiency in MS Word, MS Excel, MS Outlook.
Effective communication skills
Ability to work with large and complex data sets
Strong probem solving and analytical skills.
Proficiency in SQL
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.