Actuary Actuarial Analyst

2 weeks ago

Sandton, South Africa Discovery Ltd. Full time

Business Unit:
Discovery Life
Function:Actuarial Sciences
Date:8 May 2024- Discovery Life
Actuary | Actuarial Analyst
Technical R&D
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 of the role is to assist in technical project work both within Discovery Life and for the Discovery Group as a whole, using actuarial skills to add value through business insights derived by driving both short and longterm technical actuarial projects. The team is considering ways to integrate data science into the toolkit for technical actuarial analysis and there would be a degree of focus on this. The successful applicant will be involved in all stages of model development, from a critical analysis and understanding to the modelling and communication of results to stakeholders.
    Areas of responsibility may include but not limited to
  • Provide analysis and insight into various business issues this will involve all steps from assisting to identify issues, problem solve solutions and subsequently develop the models to address these issues and finally communicate the solutions to stakeholders.
  • Measuring the expected financial impact of a number of key decisions and communicating results with senior management to aid in the decisionmaking process.
  • Liaising with key stakeholders in the relevant teams as the model and processes are implemented.
  • Additional adhoc technical investigations and reports as required by senior management.

Education and Experience

Essential:

  • Matric with mathematics
  • Bachelor's / Honours degree in Actuarial Science or Mathematical Statistics from an accredited institution
  • Nearly Qualified Actuary with 12 or more exams passed
  • At least two years of working experience as an Actuarial Analyst

Advantageous:

  • Honours in Actuarial Science
  • Advanced proficiency in MS Word, MS Excel and MS Outlook
  • Working experience of at least 2 years in a Valuations, SAM or IFRS 17 technical role within the Life Insurance industry
  • Qualified Actuary or Nearly Qualified Actuary with exams passed

Technical Skills and Knowledge

Essential:

  • Advanced proficiency in MS Word, MS Excel and MS Outlook
  • Intermediate to advanced knowledge in a programming language e.g. Prophet

Advantageous:

  • Experience or understanding of the IFRS 17 Standard
  • Knowledge of the Life Insurance market
  • Prophet modelling 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.

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