Discovery Limited

Actuarial Analyst

Discovery Limited  •  Onsite  •  2 hours ago
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Job Description

Actuarial Analyst - Discovery Life

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 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. 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 focus would be, from a systems and actuarial point of view, to investigate and resolve issues encountered on Discovery systems, ensuring that the product and business rules are adhered to, and continuously improving and optimising processess. This position is crucial in ensuring that the existing products are functioning at a level that meets policyholder expectations, and that the integrity of the products remain intact. The role is unique as it acts as a bridge between the purely actuarial product development teams and the physical implementation on the system. It contributes a unique combination of actuarial and IT skills to the product development team. A major part of this role is to balance the pressures of client expectations with the defined product rules, and to coordinate a resolution from an actuarial, and a systems perspective.

Areas of responsibility may include but not limited to

  • Resolving defects and inconsistencies in product functions
  • Balance the needs and expectations of the client, with intended product rules
  • Identify and investigate root causes of recurring defects
  • Develop automated tools for calculations and values checking
  • Monitor the implementation of products and benefits
  • Test and validate new products and benefits and their implementation on the system
  • Inform and assist non-technical teams on product rules and issues
  • Provide expertise and guidance on specific product workings to management, and other actuarial teams

Education and Experience

Essential:

  • Matric with Mathematics
  • Bachelor of Science (BSc), Bachelor of Business Science (BBusSc) or equivalent degree in Actuarial Science

Advantageous:

  • Computer science experience
  • At least 1 years of working experience as an Actuarial Analyst within the Life Insurance industry
  • A311 exam passed or exemption obtained

Technical Skills and Knowledge

Essential:

  • Intermediate proficiency in MS Excel
  • Knowledge on Data Analysis
  • Intermediate IT and coding skills
  • Strong mathematical, statistical, and analytical skills
  • Strong interpersonal and communication skills
  • Take initiative and learn quickly, while being adaptable

Advantageous:

  • Knowledge of the Life Insurance market.
  • Experience in working with Databases (SQL)
  • Experience in Actuarial Modelling, Problem Solving, Data Analysis and information science

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.

Discovery Limited

About Discovery Limited

Imagine a world where people live healthier, more enhanced and protected lives… A world in which each organisation is a powerful influencer and responsible corporate citizen, committed to being a force for social good. As a leading innovator in healthcare, wellness, insurance, investments, financial and life planning, Discovery works ceaselessly to make this vision a reality.

Fuelled by our passion for enhancing lives and our desire to innovate, Discovery consistently sets global standards, creating shared value through shared intellectual capital. A testament to this is our Vitality programme, which is both a platform to incentivise people to live healthier lives as well as a channel through which shared value is delivered.

We are a proudly South African-born, global company with health, life and short term insurance operations in South Africa and the United Kingdom, and a presence in Germany, France, the United States, Canada, Australia, Singapore, Hong Kong, Philippines, Thailand, Malaysia, China and Japan through our Global Vitality Network. We uphold our promise of shared value by being a positive disruptor that focusses on bringing about sustainable change in the lives of the people and communities we serve across the globe.

Our Vitality Shared-Value Insurance model has received international recognition, including being ranked 17th in Fortune’s index of 51 companies “changing the world” in August 2015, and named a leading health innovator at the World Economic Forum in January 2017.

Our values of leadership, honesty, innovation and fairness act as our compass, directing our business practices to take advantage of every opportunity while looking for ways to dazzle clients.

With an unwavering commitment to being the best shared value insurance organisation in the world, Discovery is a powerful force for social good.

Industry
Finance & Insurance
Company Size
10,000+ employees
Headquarters
Johannesburg, ZA
Year Founded
1992
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