Actuarial Analyst - Discovery Life - South Africa Job Openings

South Africa Job Openings

Discovery Ltd.

Actuarial Analyst - Discovery Life

Sandton

October 15, 2024

Business Unit: Discovery Life

Function: Actuarial Sciences

Date: 15 Oct 2024

Discovery Life

Actuarial Analyst | Opportunities

Corporate and Employee Benefits Valuations

About Discovery

Discovery’s core purpose is to make people healthier and to enhance and protect their lives. We seek out and invest in exceptional individuals who understand and support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven people to be their best. As global thought leaders, Discovery is passionate about innovating in order to not only achieve financial success, but to ignite positive and meaningful change within our society.

About Discovery Life

Discovery Life is an ever growing fast-paced and dynamic environment that provides innovative risk assurance to individual clients. This environment thrives on customer engagement and customer experience as well as mutually beneficial relationships with our brokers and other stakeholders. It is important for our employees to provide a world class service to our internal and external clients, thereby ensuring long and sustainable relationships

Key Purpose

Analytics role

Valuations role

Help shape and manage the data assets and analytics function in the Corporate and Employee Benefits valuations team. The team currently obtains data from various sources and platforms and work is required to streamline and maintain this and to develop analytics tools to provide management insights and to supplement reporting processes and dashboards. Data is used across the team for both reporting responsibilities and analytics. This role will manage data for both these work streams. The role will also be responsible for driving analytics projects to help guide our understanding of the business and the changing environment and to assist with key management decision making. Coding experience and keeping up with coding and analytics practices will be key to building the analytics function in this team. Key skills required for this role include analytics and coding experience and a passion for working with data and developing new insights. The immediate responsibilities will be to build and develop the data and analytics function from the ground up and this will evolve into managing this part of the team.

There is a role open in the Discovery Corporate and Employee Benefits actuarial valuations and reporting team. The team is responsible for monthly actuarial reporting, quarterly regulatory reporting, and bi-annual actuarial valuations. The key purpose of this role is to assist with data preparation and experience calculations for reporting. The main reporting items that will be worked on include claims provisions and experience, premium movements, and analysis of business volumes. Day-to-day work may require collaboration with teams across the business with the aim of making processes more efficient and improving the product offering.

A successful candidate is expected to be hard-working, inquisitive, strive for efficiencies, and is looking to create an impact in the business and help improve our processes and output so as to aid the business in its goals.

Areas of responsibility may include but not limited to:

Analytics role

Valuations role

Shaping and structuring the data assets of the Corporate and Employee Benefits actuarial valuations team.
Managing all data extracts and reports and validation of this data.
Developing actuarial analytics tools for regular high-level stats to supplement monthly reporting.
Developing analytics tools to maximise use of our data and work on key projects to aid management decision making.
Assist in building up a sustainable platform for the data and analytics role with intention to manage this function.

Data clean-ups and preparation for reporting and experience analyses
Calculation of key actuarial metrics for the various reporting items the team is responsible for
Assisting the manager of the reporting team with reporting responsibilities
Experience analyses
Enhancing existing processes
Maintaining and updating data controls and systems
Working with other teams across the business to improve data and client experience metrics

Education and Experience

Analytics role

Valuations role

Essential:

Matric with mathematics
Bachelor’s / Honours degree in Actuarial Science or Mathematical Statistics from an accredited institution
At least 2 – 4 years’ work experience in an actuarial or data analytics role
Strong actuarial exam progress
SQL or other coding experience

Advantageous:

Honours in Actuarial Science
Experience as an actuarial analyst in the life insurance or employee benefits space

Technical Skills and Knowledge

Essential:

Ability to work with large and complex data sets
Problem solving
Analytical thinking
Effective communication skills
Proficiency in SQL
Proficiency in MS Office

Essential:

Matric with Mathematics
Bachelor’s/Honours degree in Actuarial Science from an accredited institution
Progress / intention towards qualifying as a Fellow of the Actuarial Society of South Africa (or international equivalent)

Advantageous:

Honours in Actuarial Science
CT1 and CT5 exemption, or equivalent
1 year’s work experience

Technical Skills and Knowledge

Essential:

Problem solving
Analytical thinking
Effective communications skills
Proficiency in MS Office

Advantageous:

Prophet experience
SQL coding experience

EMPLOYMENT EQUITY

The Company’s approved Employment Equity Plan and Targets will be considered as part of the recruitment process. As an Equal Opportunities employer, we actively encourage and welcome people with various disabilities to apply.

We regret to inform you that this job opportunity is no longer available as it has expired

New Job Alerts

Cotton On Group

Area Manager - Factorie South Africa

FULL TIME

November 19, 2024

View Job Description

Receptionist

Krugersdorp

FULL TIME

November 19, 2024

View Job Description

Dream Firms

Social Media Manager (108.07 ZAR/Hour - PART TIME)

PART TIME

November 19, 2024

View Job Description

DHL

Senior HR Operations Lead: Africa

Kempton Park

FULL TIME

November 19, 2024

View Job Description

DHL

Controller: Inventory

Boksburg

FULL TIME

November 19, 2024

View Job Description

Virgin Active South Africa (Pty) Ltd

ClubV Attendant

Kloof

FULL TIME

November 19, 2024

View Job Description

Gen Re

Actuarial Analyst – Research & Analytics

Cape Town

October 22, 2024

View Job Description

Munich Re

Actuarial Analyst

Johannesburg

November 8, 2024

View Job Description

NMG Consulting

Actuarial Analyst / Senior Analyst

Johannesburg

October 11, 2024

View Job Description

NMG Consulting

Actuarial Analyst / Senior Analyst

Internship: Finance Administrator

Sandton

Next Generation Graduates - South Africa

Cape Town

FULL TIME

November 19, 2024

View Job Description

Ferring Pharmaceuticals, Inc.

Sales Representative KwaZulu-Natal (KZN), South-Africa

Durban

FULL TIME

November 19, 2024

View Job Description

Just Gym

Receptionist

Krugersdorp

FULL TIME

November 19, 2024

View Job Description

Compliance Officer/Money Laundering Reporting Officer

FULL TIME

November 19, 2024

View Job Description