Actuarial Analyst - Product Development at Discovery Limited

Key Purpose

• Research, development and implementation of innovative insurance products and rewards mechanisms that will complement Discovery Insure’s existing suite of products.

Areas of responsibility may include but are not limited to

• Research into new insurance products and risks to make informed and innovative product development decisions.
• Key involvement in the design, development, and implementation of new products.
• Analytical and pricing capabilities to understand the financial implications and parameters involved when developing new products, to ensure profitable results.
• Collaboration with various teams within Insure and the group on product development and strategic projects.
• Working with other teams to ensure products are operating in an efficient and accurate manner.
• Monitoring and reporting ongoing results to ensure products are producing optimal results.

Technical Skills and Knowledge

• Modelling skills preferred

Programming skills:

• SQL
• 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
• Advanced modelling skills
• Statistical knowledge
• Analytical capabilities
• Conceptual thinking.
• Passion for learning,

Education and Experience

Education:

• Matric (Essential)
• Minimum 6- 7 completed CT subjects (essential)
• TASSA qualification (advantageous)
• Nearly/newly qualified Actuary (advantageous)

Minimum Experience:              

• At least 4 -5 years’ experience in an Actuarial role.
• At least 1 years’ Research and Development experience within Insurance industry (advantageous)                                                                                                           
• At least 1 years’ experience in short-term insurance (advantageous)