Actuary

Actuary - Invest Systems & Analytics Team

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 Invest

Launched in 2007, Discovery Invest offers the full range of investment products for any client need, providing access to our top performing range of Discovery funds as well as a wide selection of leading local and international fund managers. Recently, Discovery Invest launched a unique offshore offering to enable South African investors unparalleled ease in accessing international investment opportunities. Discovery Invest is seeking to leverage the shared-value model to promote financial health and freedom for millions of South Africans. Through unique behavioural incentives and benefits, we reward clients for positive investment behaviour with extra investment returns. Discovery Invest is the only shared value investment platform in the country maximizing client outcomes before and after retirement. It is important for our employees to provide world class service to our internal and external clients, thereby ensuring long and sustainable relationships.

Key Purpose

The main purpose of this role is to use data analytics skills to enhance retention and distribution strategies, improving business processes, identify product opportunities, assist overviewing product implementation specs and vetting scenarios to ensure products are implemented as designed and that administrative system values are actuarially sound.

Responsibilities and Objectives of this role

The successful applicant will be responsible for but not limited to the following broad job functions:

• Using data analytics skills to optimise business processes, new business volumes and enhance retention and distribution strategies
• Be involved in developing new innovative product ideas and analysing experience to aid the pricing team
• Building MI data visualisation dashboards to help senior management making decisions affecting retention and distribution strategies
• Planning for new products, serving as the link between systems and actuarial & ensuring products are built as required
• Review new product specifications and implementation actuarial vetting scenarios
• Analyzing servicing scenarios and identifying possible system constraints on product design
• Ongoing involvement in addressing individual policy queries and issues
• Assisting with ad-hoc investigations and analyses including quantifying the financial impact of possible misalignment of actuarial specification and system implementation
• Applying actuarial knowledge to solve non-standard problems

Required Competencies

• Self-starter able to show initiative and drive projects to completion with guidance.
• Applying Expertise and Technology
• Analysing
• Creating and Innovating
• Working with People

Education and Experience

Essential

• Qualified Fellow Actuary
• MS Excel – Proficient
• Database experience (SQL)
• Must have experience with statistical software (R and/or Python)
• Programming experience and understanding. (e.g. VBA)

Advantageous

• Industry experiences applying ML/ regression models in analytics
• Previous systems work or software testing/ coding experience.
• Invest and/or Life insurance 3 – 10 years' industry 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.