Product Development Actuarial Analyst

2 weeks ago

Sandton, South Africa Discovery Ltd. Full time

**Business Unit**:Discovery Insure**Function**:Actuarial Sciences**Date**:02-Jun-2023**Discovery - Insure**

**Product Development Actuarial**
**Analyst**

**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 Insure**
- Discovery Insure is committed to creating a nation of great drivers. Our commitment is backed up by our innovation and a driving program that really works. Good drivers get great rewards and have fewer and less severe accidents. Discovery Insure provides clients with comprehensive car and home insurance with no excess on theft, hail, hijacking and malicious damage, combined with innovative, simple and effective service solutions to help our clients with all aspects of their insurance cover. Discovery Insure is an environment of individuals who are committed to dazzling clients, innovation and great people.**Key Purpose**
- Research, development and implementation of innovative insurance products and rewards mechanisms that will complement Discovery Insure’s existing suite of products.**Areas of responsibility may include but are not limited to**
- Research into new insurance products and risks to make informed and innovative product development decisions.
- Key involvement in the design, development and implementation of new products.
- Analytical and pricing capabilities to understand the financial implications and parameters involved when developing new products, to ensure profitable results.
- Collaboration with various teams within Insure and the group on product development and strategic projects.
- Working with other teams to ensure products are operating in an efficient and accurate manner.
- Monitoring and reporting ongoing results to ensure products are producing optimal results.

**Personal Attributes**
- Ability to simplify ambiguous information
- Strong written and verbal communication skills
- Leadership qualities
- Project and people management
- Action oriented
- Cultivates innovation
- Advanced modelling skills
- Statistical knowledge
- Analytical capabilities and attention to detail

**Education and experience**
- Honours degree in Actuarial Science (essential)
- AMASSA (essential) or FASSA (advantageous)
- Minimum of 2 years of experience in a Product Development role (advantageous)
- Minimum of 2 years of experience in short-term insurance (advantageous)

**Skills required**
- Modelling skills (advanced)
- Microsoft Office (advanced)
- SQL programming skills (intermediate)
- R and/or Python (intermediate)
- 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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