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  • Posted: Aug 25, 2021
    Deadline: Not specified
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  • Imagine a world where people live healthier, more enhanced and protected lives… A world in which each organisation is a powerful influencer and responsible corporate citizen, committed to being a force for social good. As a leading innovator in healthcare, wellness, insurance, investments, financial and life planning, Discovery works ceaselessly to...
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    Actuarial Manager

    Key Purpose of the role
    Support Group Risk Head of Pricing and Risk in responsibility for group risk pricing, profitability and partnerships to ensure a profitable, fast-growing, innovative group risk business. Drive projects within Group Risk that require cross functional innovation and enhancements to improve customer experience and business outcomes. Manage a team of actuarial students responsible for bespoke client and broker analyses, regular reporting, escalated pricing support and pricing basis review.

    Areas of responsibility may include but not limited to

    Enhance group risk revenue and profit streams to meet business objectives through the following:

    • Provide pricing and terms recommendations on complex and large schemes
    • Propose pricing basis changes and reinsurance structure adjustments based on experience reviews
    • Take responsibility for accuracy and timeliness of regular reporting
    • Monitor claims experience and profitability of the group risk book
    • Support and inform group risk product development and innovation
    • Take full ownership of projects that cut across underwriting, claims, IT, and pricing in order to enhance the functioning of the business. Examples of objectives requiring cross-functional collaboration: systemically improve data accuracy and accessibility, improve underwriting customer experience, improve broker perception scores of key processes.
    • Work with Discovery’s central data analytics experts to identify opportunities to enhance pricing, risk management and product design.
    • Engage with sales teams, brokers and clients to handle actuarial queries, complex renewals, and other ad hoc needs.
    • Annually update and enhance the group risk policy document to improve clarity and communication effectiveness.
       

    Education and Experience

    • Qualified Actuary.  Fellow of the Actuarial Society of South Africa or Institute and Faculty of Actuaries.
    • 5-10 Years, with at least 3 years in a group risk role (preferred); those with experience in an individual risk role will be considered
    • Experience in group risk pricing and risk management.
    • Experience in actuarial modelling, profit testing, reinsurance optimisation, data analytics, experience analysis, strategy development, problem solving, mathematical and statistical reasoning

    Method of Application

    Interested and qualified? Go to Discovery Limited on careers.discovery.co.za to apply

    Note: Never pay for any training, certificate, assessment, or testing to the recruiter.

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