Actuarial Analyst at Discovery Limited

Key Purpose

• A wide-ranging role supporting the Head of Actuarial and Vitality Network (VN) executives with commercial and new business opportunity sizing, and successful implementation and management of Vitality core and integrated products in various international markets.
• The role will span new business development and commercial support and analysis; actuarial consulting, product development and pricing support for international partner markets; and central product and model development as we take Vitality forward through personalisation and learning models.

Areas of responsibility may include but not limited to

• Analysis and research for identifying new growth opportunities for VN across the globe, including both existing markets and new territories.
• Supporting on prioritised business initiatives, which includes developing businesses cases and commercials for potential new Partners, quantifying the value generated from integrating Vitality with Partner products, as well as modelling scenarios for financial impact to Vitality Network.
• Actuarial support to various international Partners, which includes support on commercials and financial projections, support on strategic and product initiatives to drive sales and product performance, problem-solving at a local market level, and pricing and actuarial modelling support on product changes and new feature launches leveraging best practice from Discovery home and global markets.
• Collaborating with R&D on the development of new product features (starting with Vitality AI), and localising these for our Partners.
• Data analytics related to program performance and member engagement in various markets. This includes inputting into reporting projects run by the BI team.
• Providing actuarial and technical support on a range of other ad-hoc projects.

Personal Attributes and Skills

• Strong technical capabilities and analytical skills
• Strong financial modelling capabilities
• Knowledge of life insurance product and pricing dynamics, value drivers and range of life insurance product offerings
• Excellent negotiation, communication and presentation skills
• Complex problem-solving ability
• Decision-making and initiating action
• Ability to influence and manage external relationships in a professional manner
• Ability and willingness to collaborate across a range of functions to find optimal solutions
• Flexible and adaptable to a fast-changing environment

Education and Experience 

Education:

• BSc with Honours in Actuarial Science or equivalent

 Experience:

• Nearly or Qualified Actuary.
• 2+  years’ experience, preferably with an understanding of Discovery products, experience and integration with Vitality.
• Experience in Actuarial Modelling, profit testing, data analytics and machine learning, problem solving, mathematical and statistical reasoning will be an advantage.