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Actuary

Business Unit:  Discovery Insure
Function:  Actuarial Sciences
Date:  28 Mar 2024

Discovery – Insure

 

Actuary – Value added and Ancillary Products 

 

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

Liaising with sales, systems and operations to enable cross selling across the entire Discovery Insure product suite through the research, development and implementation of innovative Value Added and Ancillary products.

 

Areas of responsibility may include but not limited to

Business owner accountable for:

•          Current state assessment to identify gaps and improvement in processes; Identify gaps between current and future-state capabilities (skills).

•          Identifying and build future demand scenarios and target setting.

•          Developing turnaround strategy & executing the strategy.

•          Analytics & reporting.

•          Sales, marketing, systems, product development and operations teams’ liaisons and targets setting.

•          Retentions.

•          Penetration per client (i.e., optimise lifetime client value).

•          Risk management.

•          Technology accelerators.

•          Transformation, training & governance.

 

Competencies

•          Deciding and initiating action

•          Working with People

•          Presenting and Communication Information

•          Writing and Reporting

•          Analysing

•          Creating and Innovating

•          Following Instructions and Procedures

•          Entrepreneurial and Commercial Thinking

 

Education

•          Matric (Essential)

•          Nearly qualified or newly qualified actuary

 

Skills

•          Modelling skills preferred

•          Ability to work in at least one of the following languages:

o          SQL

o          VBA

o          Python

•          Microsoft Office (Excel, PowerPoint, and Word) – advanced level of Excel

•          Ability to simplify ambiguous information

•          Strong written and verbal communication

•          Leadership qualities

•          Project and people management

•          Statistical knowledge

•          Analytical capabilities

 

Experience

•          2-5 years’ actuarial/technical experience working with data and analytics

•          Ability to build models and work in various programming languages

•          Demonstrate an ability to multi-task and work in an unstructured environment

•          Out-of-the-box thinking and ability to get buy-in from stakeholders

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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