Actuary - Discovery Life at Discovery Limited

Role Description

• As an actuary in the Asset-Liability Management (ALM) team, you will play a key role in managing the financial risks associated with the Discovery’s balance sheet. You will support the alignment of assets and liabilities, contribute to strategic decision-making, and ensure the company’s ability to meet long-term policyholder obligations. This role requires strong actuarial and analytical skills, a solid understanding of insurance and investment products as well as a good understanding of investment markets and concepts.

Key Outputs / Job Responsibilities

• Liability Modelling & valuation: Develop and maintain models to value liabilities and assess hedge effectiveness
• Instruct trades to eliminate asset liability mismatches across the balance sheet.
• Support Strategic ALM initiatives: Provide actuarial input into investment and ALM strategy decisions, ensuring alignment with liability profiles and risk appetite.
• Regulatory & Reporting Support: Assist in preparing ALM-related inputs for internal reporting requirements.
• Continuous Improvement: Contribute to the enhancement of ALM frameworks, methodologies, and tools.

Job / Role Requirements

Work Experience

Required

• At least 2 years’ work experience in the life insurance industry/investments industry.

Preferred (would be advantageous)

• SQL, PROPHET or other coding experience
• Working experience within an ALM, BSM, capital management type role.

Education / Qualifications / Accreditations with Professional Body

Education / Qualifications Required

• Honours degree in Actuarial Science or Mathematical Statistics from an accredited institution
• Strong actuarial exam progress, must have completed at least 11-12 board exams

Preferred (would be advantageous)

• FASSA, CFA, FRM

Technical Skills or Knowledge

• MS Word, MS Excel, MS Outlook
• Communication skills
• Problem solving