Actuarial Analyst

2 weeks ago

Sandton, South Africa Discovery Ltd. Full time

Business Unit:
Discovery Life
Function:Actuarial Sciences
Date:25 Jan 2024- Discovery Life
Actuarial Analyst
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 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 primary focus would be required to investigate and resolve, from an actuarial point of view, issues encountered on the system during servicing, ensuring that the product and business rules are adhered to. This position is required to ensure that the life products are implemented correctly on the system, to identify where the system is not adhering to the product and business rules and to resolve issues encountered during servicing relating to actuarial systems. 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 actuarial product development team.
    Areas of responsibility may include but not limited to
  • Resolve production defects to allow policies to continue functioning as intended
  • Investigate defects to identify root causes of recurring defects
  • Monitor the implementation of products and benefits
  • Might occasionally be required to assist product development team.
  • Test and validate new products and benefits and their implementation on the system
  • Inform and assist nontechnical teams on product rules and issues

Education and Experience

Essential:

  • Matric with Mathematics
  • Relevant Bachelor's / Honours degree in Actuarial Science from an accredited institution.
  • Working experience as an Actuarial Analyst

Advantageous:

  • At least 1 years of working experience as an Actuarial Analyst within the Life Insurance industry.
  • CA1 exam passed or exemption obtained.

Technical Skills and Knowledge

Essential:

  • Intermediate proficiency in MS Word, MS Excel, MS Outlook.
  • Experience in Actuarial Modelling, Problem Solving, Data Analysis and information science
  • Strong mathematical and analytical skills.
  • Strong statistical skills.
  • Strong interpersonal skills.

Advantageous:

  • Experience in working with Databases (SQL).
  • Knowledge of the Life Insurance market.
  • 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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