Actuarial Analyst

1 week ago

Sandton, South Africa Discovery Ltd. Full time

**Business Unit**:Discovery Insure

**Function**:Actuarial Sciences

**Date**:19 Feb 2025

**Discovery - Insure**

**Actuarial Analyst - Underwriting**

**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**

We are seeking a detail-oriented and innovative Underwriting Analyst to join our team. The primary responsibility of this role is to provide the underwriting team with analytical support as well as automate underwriting processes to enhance efficiency, accuracy, and consistency in our underwriting team.

**Areas of responsibility may include but are not limited to**
- Offer analytical support to the underwriting team to ensure compliance with the underwriting philosophy as well as identify any areas of improvement
- Develop and implement automated underwriting processes to streamline operations and reduce manual intervention.
- Analyze existing underwriting workflows to identify areas for automation and process improvement.
- Refine, enhance, and maintain the multi-claimant process to improve efficiency and effectiveness.
- Monitor and evaluate the performance of automated underwriting processes, making adjustments as necessary to ensure optimal functionality.
- Generate reports and insights on the effectiveness of automated underwriting processes, presenting findings to senior management.
- Utilize existing statistical models to refine and enhance underwriting processes, ensuring optimal functionality and accuracy.

**Skills**
- Modelling skills preferred (Basic)
- Programming Skills: 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 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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