Actuarial Analyst

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

• Utilise actuarial, behavioural, health and wellness, and investment strategies to create world first investment products and services
• Assist in product innovation and implementation of new and existing projects.
• Manage projects through the cycle of development and implementation into the Discovery Invest business.
• Help drive the digital strategy.
• Research, identify and validate target products and markets both locally and internationally.

Responsibilities

R&D project delivery

• Work with Research & Development team members to develop new and innovative products, benefits and programmes
• Price, model and present new initiatives to key stakeholders
• Define and document business requirements and specifications
• Interact across various Discovery businesses, systems and other necessary processes to ensure implementation of the new products

Partner market strategy

• Research, identify and validate opportunities in international markets and partners
• Perform assessments of the legal/regulatory environment, including relevant restrictions
• Liaise with product managers and actuaries within various business units
• Develop pricing strategies which enable the partnership to meet its financial objectives

Digital Delivery

• Assist in the development of the Invest and Cogence digital strategies for both clients and intermediaries
• Manage the product life cycle of new web development, including the development of product specification and testing of new functionality
• Build and maintain relationships with global partners and stakeholders

Education and Experience

• Post Graduate degree in Actuarial Science, Mathematics and/or Statistics
• Nearly qualified actuary; 2+ years’ experience as an actuarial analyst
• Advanced proficiency in MS Office (Excel, Powerpoint and Word) - essential
• VBA – intermediate level – advantageous
• Prophet – intermediate level – advantageous

Preferred Competencies

• Innovation: Generate and articulate creative, system-aware product ideas and requirements in a clear, structured manner.
• Relationship Management & Networking: Provide regular presentations to executive committee. Interface with various stakeholders and build strong internal and external partnerships through effective communication and collaboration.
• Delivery, Drive & Positivity: Accept and actively pursue demanding goals, plan effectively, and deliver under pressure with a focus on outcomes.
• Analysis: Break down complex data into patterns and insights to support sound decision-making and innovative problem-solving.
• Teamwork: Communicate clearly, adapt to team dynamics, and secure buy-in through collaboration.
• Business Astuteness: Demonstrate commercial awareness, adapt to diverse stakeholders, and identify opportunities for growth and efficiency.
• Technical Skills: Develop and maintain actuarial and statistical models with precision and attention to detail.

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.