Actuary - Discovery Life at Discovery Limited

Key Purpose

• The primary function of the role is to support the day-to-day actuarial operations of the existing Discovery Life products and benefits. It involves the maintenance of the existing and historical benefit rules, and particularly those that impact operational areas such as servicing, claims, finance, credit control and commission. The role also involves adding an analytics component to the existing actuarial operations team so as to provide key actuarial insights and support to the wider operational areas of Discovery Life.

Areas of responsibility may include but not limited to

• Maintain and/or enhance product specifications for the entire in-force suite of Discovery Life products. Assist with the product development, enhancement and management of various individual Discovery Life benefits
• Communicate effectively and provide support, assistance, actuarial insights and analysis into wider operational areas such as servicing, claims, finance, credit control and commission
• Actuarial and statistical modelling of the existing book, including value assessment of proposed initiatives, enhancements and/or management actions
• Assist with and take ownership of various components included in the product life cycle of Discovery Life’s existing benefits, including technical debt and product day 2 deliverables
• Analyse and/or extract data sets, optimise business processes, understand risks, build sophisticated tools and actuarial analysis so as to ensure the smooth running of the existing product suite
• Provide expert product support to various actuarial teams within the Discovery Life to assist with delivery of key business deliverables. Providing innovative solutions to complex product problems to improve the overall product offering of Discovery Life

Education and Experience

Essential:

• Matric with Mathematics
• Relevant Bachelor’s / Honours degree in Actuarial Science from an accredited institution.
• At least 5 years of working experience as an Actuarial Analyst or Actuary
• Qualified as a Fellow Actuary

Advantageous:

• At least 2 years of working experience as a qualified Actuary
• At least 2 years of working experience within the Individual Risk Life industry 

Technical Skills and Knowledge

Essential:

• Intermediate proficiency in MS Word, MS Excel, MS Outlook.
• Superior technical and analytical ability
• Excellent communication skills 
• Advanced Excel capabilities

Advantageous:

• Modelling and Data Analytics software skills (Prophet, SQL etc.)
• Experience managing direct reports and wider project teams