Actuarial Analyst

2 days ago

Gauteng, South Africa Discovery Full time

Discovery Life

Actuarial Analyst

Capital Reporting

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 this role is to assist the senior actuary with capital reporting responsibilities for Discovery Life and Invest. The key tasks include quarterly capital reporting to the Prudential Authority (PA), and contributing to the Own Risk and Solvency Assessment (ORSA), focusing on Pillar 1, Embedded Value (EV) and IFRS 17 risk metrics, providing insights that support management’s decision-making. Additionally, you will collaborate with teams across the business to enhance the capital management processes and strengthen the product offering.

Areas of responsibility may include but not limited to

- Perform quarterly capital reporting and submissions to the PA.
- Engage with the PA on regulatory capital requirements and queries.
- Support the ORSA process, particularly on Pillar 1 capital adequacy, Embedded Value (EV) and IFRS 17 assessments.
- Participate in semi-annual valuation reporting as needed, with a focus on capital requirements.
- Develop and maintain existing reporting models
- Assist in improving the capital management framework and risk reporting processes.
- Collaborate with cross-functional teams on various actuarial analytics and risk management projects.

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, must have completed at least 10 board exams.

Advantageous:

- Honours in Actuarial Science
- SQL or other coding experience
- At least 1 years of working experience as an Actuarial Analyst within the Life Insurance industry.

Technical Skills and Knowledge

- Intermediate proficiency in MS Word, MS Excel, MS Outlook.
- Effective communication skills
- Strong probem solving and analytical skills.

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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