Actuarial Analyst at Discovery Limited

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.