Actuary (Product Development) - Invest Actuarial at Discovery Limited

The successful candidate will be a part of the Invest Product Development team and be involved in future product launches as well as supporting existing products. The candidate will be responsible for the research, analytics, design and development of innovative investment products as part of the shared value model. This includes designing bespoke offerings for Invest, suited for regulatory-specific requirements.

Areas of responsibility may include but not limited to

• Research into investment products within the investment market to make informed and innovative product development decisions
• Key involvement in the design, development and implementation of new products and strategic projects
• Key involvement in new fund/structured product solutions
• Analytical and pricing capabilities to understand the financial implications and parameters involved when developing new products, to ensure profitable results
• Develop actuarial/statistical models; and detailed business cases to aid in decision-making.
• Collaboration with various teams (within Invest and the group) to ensure products are operating in an efficient and accurate manner.
• Maintain relationships with various stakeholders across the business.
• Analytics and ongoing monitoring of results to ensure products are producing optimal results
• Manage strategic relationships with international stakeholders.
• Manage integration with other businesses
• Drive profit maintenance and enhancements
• Compile presentations to position at Exco
• Create optimisation and enhancements of existing products
• Build expertise and offer insights relating to Discovery’s shared value model
• Manage interaction with senior management, the systems team and the Exco
• Working within the Technical Marketing and the Digital team to establish a position of brand leadership

Personal Attributes And Skills

• Drives Results
• Values Driven
• Optimistic
• Learns on the Fly
• Resilient
• Instils Trust
• People Savvy
• Problem Solver
• Manages Complexity
• Business Acumen
• The ability to multitask various projects effectively
• Ability to plan, organize and deliver on individual deliverables
• Ability to deal with pressure, tight deadlines and setbacks in order to deliver results and meet customer expectations
• Must be able to present and communicate information effectively
• Able to convey complex concepts in a simple, effective manner that instills trust and builds a positive brand image
• Data Analytical Skills - ability to understand and work with big data sets in order to achieve desired outcome
• Excel proficient
• Self-starter – able to show initiative and drive projects to completion with guidance

Education And Experience

Qualification

• Matric
• Completed qualification with a strong analytical focus in Actuarial Science / Mathematical Statistics / Engineering, Business Science or related qualification
• Fully qualified Actuary (FASSA)

Experience

• Fully qualified actuary with a minimum of 5 years post qualification experience within a Product Development or similar role
• Experience within retail financial services and customer behavioural impacts
• Exposure with research and development of a product from inception to delivery in the market
• Track record of innovation, delivery and performance

Technical Skills Or Knowledge

• Technical knowledge about retail investments, retail investment industry and trends
• Knowledge and understanding of Long-Term Insurance and Pension Fund Legislation on retirement products
• Good understanding of the Linked Investment Services Provider (LISP) industry
• Strong analytical capabilities
• Proficiency in MS Word, MS Excel and MS Outlook
• Experience using Prophet and/or MoSes