Actuary | Actuarial Analyst - Discovery Life at Discovery Limited

Key Purpose

The primary focus of the role is to assist in technical project work both within Discovery Life and for the Discovery Group as a whole, using actuarial skills to add value through business insights derived by driving both short and long-term technical actuarial projects.  The team is considering ways to integrate data science into the toolkit for technical actuarial analysis and there would be a degree of focus on this.  The successful applicant will be involved in all stages of model development, from a critical analysis and understanding to the modelling and communication of results to stakeholders.

Areas of responsibility may include but not limited to

• Provide analysis and insight into various business issues – this will involve all steps from assisting to identify issues, problem solve solutions and subsequently develop the models to address these issues and finally communicate the solutions to stakeholders.
• Measuring the expected financial impact of a number of key decisions and communicating results with senior management to aid in the decision-making process.
• Liaising with key stakeholders in the relevant teams as the model and processes are implemented.
• Additional ad-hoc technical investigations and reports as required by senior management.

Education and Experience

Essential:

• Matric with mathematics
• Bachelor’s / Honours degree in Actuarial Science or Mathematical Statistics from an accredited institution
• Nearly Qualified Actuary with 12 or more exams passed
• At least two years of working experience as an Actuarial Analyst

Advantageous:

• Honours in Actuarial Science
• Advanced proficiency in MS Word, MS Excel and MS Outlook
• Working experience of at least 2 years in a Valuations, SAM or IFRS 17 technical role within the Life Insurance industry
• Qualified Actuary or Nearly Qualified Actuary with 12 – 15 exams passed

Technical Skills and Knowledge

Essential:

• Advanced proficiency in MS Word, MS Excel and MS Outlook
• Intermediate to advanced knowledge in a programming language e.g. Prophet

Advantageous:

• Experience or understanding of the IFRS 17 Standard
• Knowledge of the Life Insurance market
• Prophet modelling experience