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.
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
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