Actuarial Analyst

1 day ago

Sandton, South Africa Discovery Ltd. Full time

**Business Unit**:Discovery Insure

**Function**:Actuarial Sciences

**Date**:29 Jan 2025

**Discovery - Insure**

**Actuarial Analyst - Market Pricing**

**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 and building better businesses through our innovative Shared-value Insurance model. Discovery Insure is South Africa’s fastest growing short-term insurance company with comprehensive products that provide protection against current and emerging risks facing clients in the motor, home and business insurance sectors. Vitality Drive, an internationally-recognised and award-winning programme, is a key differentiator in the market that incentivises and rewards clients for driving well. The Vitality Drive programme has been scaled to local and international markets which now include Europe and the Middle East. The company employs over 1 000 people who are committed to putting our customers and financial advisers first by providing unique and innovative solutions and cover.

**Key Purpose**

To assist in the pricing of DI’s products.

**Areas of responsibility may include but are not limited to**
- Assist in conducting in-depth investigations and ad-hoc analysis to support pricing decisions and business objectives.
- Support the creation and refinement of actuarial models to monitor business performance and support development initiatives.
- Contribute to the development and maintenance of lifetime value models and renewal strategies to maximize customer value and retention.
- Utilize predictive modeling techniques to segment the client base and identify pricing opportunities under supervision.
- Ensure models are accurate and fit for purpose by regularly monitoring their performance and making necessary adjustments with guidance.
- Assist in establishing and maintaining monitoring processes to measure model performance, ensuring accuracy and reliability in pricing decisions.
- Support the maintenance and updating of data processes, providing assistance and direction as needed.
- Help develop and implement pricing strategies aligned with business objectives, ensuring competitiveness and profitability.
- Process the renewal and retentions monthly

**Skills**
- Modelling skills preferred (Basic)
- Programming Skills: VBA & SQL (Intermediate)
- Microsoft Office (Excel, PowerPoint and Word) (Advanced)

**Education and Experience**

**Education**:

- Matric (Essential)
- Honors (Advantageous)

**Minimum Experience**:

- At least 2-3 years Research and Development experience within the Insurance industry (Advantageous)
- 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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