Actuarial Analyst

1 week ago


Sandton Discovery Place, South Africa Discovery Full time
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 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 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, semi-annual 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
  • Semi-annual, in depth, experience analyses to assist with setting assumptions
  • Valuation reporting and embedded value calculations to be included in the semi-annual 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.

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