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Business Unit:  Discovery Health
Function:  Actuarial Sciences
Date:  11-May-2022

The successful applicant will work in a highly specialised team of actuaries and data scientists who regularly interact with Discovery executives, medical scheme Boards of Trustees, external actuaries, brokers and regulators.


Areas of responsibility may include but are not limited to:


The role involves the following responsibilities:

  • Perform the reserving, pricing and other statutory functions for client medical schemes
  • Pricing, valuation and actuarial projections and business planning for non-medical scheme health insurance products – in both Individual and Corporate markets
  • Perform financial projections for other businesses within Discovery Health
  • Conduct investigations into specific parts of the Discovery Health business
  • Assist in preparing healthcare policy submissions by analysing Discovery’s data
  • Assist with the pricing of exciting new Discovery Health products before their launch
  • Assist international partners with Vitality integration into their health businesses
  • Identify and build appropriate models to drive insights across the Discovery Group
  • Present data and model findings in a way that provides actionable insights for business users
  • Develop actuarial students' knowledge of the healthcare industry and Discovery’s wider businesses


Personal attributes and skills:


  • Aligned to Discovery values and core purpose
  • An interest in the South African healthcare and medical scheme environment
  • Exceptional analytical and problem solving skills
  • High level of attention to detail
  • Results orientated and commercial thinking
  • Excellent communication and presentation skills
  • A focus on delivering results and meeting client expectations
  • Ability to work collaboratively in a team environment and balance multiple priorities
  • Ability to work alone when required and to take initiative without supervision
  • Comfortable with change and a fast paced work environment
  • Unwavering ethics and able to maintain confidentiality



Education and experience:


  • At least 3 years working experience
  • A qualified actuary or a nearly qualified actuary
  • A background in healthcare is advantageous, but candidates from other actuarial areas are also free to apply
  • High level of confidence with Microsoft Excel
  • SQL experience is an advantage
  • Knowledge of modelling packages such as SPSS or R is an advantage

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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