Actuarial Analyst / Actuary - Discovery Life

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 to not only achieve financial success, but to ignite positive and meaningful change within our society.

About Discovery Invest 

Discovery Invest is an ever growing fast-paced and dynamic environment that provides innovative investment products to retail 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 world class service to our internal and external clients, thereby ensuring long and sustainable relationships.

About Discovery Invest Actuarial Valuations 

Discovery Invest’s dynamic environment offers a strong strategic business focus in addition to traditional challenges associated with a technical valuation role. Invest’s actuarial valuation team forms an integral part of the business. The emphasis is on the understanding and communication of financial numbers to enable the business to optimise its products and financial position.

Role Description 

The primary focus of this is role the preparation of actuarial data for valuation purposes, performing ongoing actuarial experience monitoring and preparation of actuarial experience reports for Discovery Invest. This role further provides the opportunity to perform ad-hoc experience investigations and continually enhance the analytical capability of the Invest Actuarial Valuations team. The role therefore fulfils a key function within Discovery Invest to ensure the accuracy of financial results and appropriateness of the actuarial bases used to perform actuarial valuations. Success in this role will be achieved through effective ownership of the data and experience monitoring processes and continuously enhancing the management information extracted from these processes.

Key Outputs / Job Responsibilities 

The key outputs and job responsibilities for this role may include, but are not limited to:

• Reporting on monthly actuarial experience for ongoing monitoring of the business
• Maintaining and enhancing the existing reporting and experience monitoring processes
• Performing ad-hoc experience investigations to inform understanding of underlying policyholder behaviour
• Creating and ensuring modelpoint files are accurate for semi-annual financial and regulatory reporting periods
• Maintaining and enhancing the modelpoint file process to improve efficiency
• Performing data investigations and incorporating improvements into the monthly process
• Supporting senior actuaries in team with their various semi-annual financial and quarterly
• Regulatory valuation responsibilities
• Supporting senior actuaries in other day to day tasks

Education / Qualifications

Essential

• Matric
• Completed degree in Actuarial Science and/or Mathematical Statistics
• Nearly academically qualified with maximum 1-2 actuarial exemptions remaining

Advantageous

• Recently qualified actuary or academically qualified with only normative skills remaining

Professional Registration

• Student/Technical/Fellow of the Actuarial Society of South Africa

Experience

Essential

• 1-3 years’ experience

Advantageous 

• Up to 5 years’ experience as an actuary/actuarial analyst

Technical Skills / Knowledge

Essential

• Advanced Analytical abilities
• Advanced Communication skills
• Advanced competence on MS Word, MS Excel and MS Outlook

Advantageous

• Intermediate Prophet/DCS
• Intermediate SQL
• Intermediate Python/R

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.