Actuarial Analyst / Actuary - Discovery Life at Discovery Limited

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