Actuarial Analyst - Discovery Life

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Actuarial Analyst - Discovery LifeBusiness Unit: Discovery Life
Function: Actuarial Sciences
Actuarial AnalystProduct Development & Implementation
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 to achieve financial success and ignite positive change within our society.
About Discovery Life Discovery Life is an ever-growing, fast-paced environment that provides innovative risk assurance to individual clients. This environment thrives on customer engagement and experience as well as mutually beneficial relationships with our brokers and stakeholders. It is important for our employees to provide world-class service to internal and external clients, ensuring long and sustainable relationships.
Key Purpose The primary focus is to investigate and resolve issues encountered on systems from a systems and actuarial perspective, ensuring adherence to product and business rules while continuously improving processes. This position is crucial in ensuring that existing products function at a level that meets policyholder expectations and that the integrity of the products remains intact. The role acts as a bridge between the actuarial product development teams and system implementation, contributing a unique combination of actuarial and IT skills. A major part of this role is to balance client expectations with defined product rules and coordinate resolutions from both actuarial and systems perspectives.
Areas of Responsibility Resolving defects and inconsistencies in product functionsBalancing client needs and expectations with intended product rulesIdentifying and investigating root causes of recurring defectsDeveloping automated tools for calculations and value checkingMonitoring the implementation of products and benefitsTesting and validating new products and benefits and their implementation on the systemInforming and assisting non-technical teams on product rules and issuesProviding expertise and guidance on specific product workings to management and other actuarial teamsEducation and Experience Matric with MathematicsBachelor of Science (BSc), Bachelor of Business Science (BBusSc), or equivalent degree in Actuarial ScienceAdvantageous: Computer science experienceAt least 1 year of working experience as an Actuarial Analyst within the Life Insurance industryA311 exam passed or exemption obtainedTechnical Skills and Knowledge Intermediate proficiency in MS ExcelKnowledge of Data AnalysisIntermediate IT and coding skillsStrong mathematical, statistical, and analytical skillsStrong interpersonal and communication skillsAbility to take initiative and learn quickly while being adaptableAdvantageous: Knowledge of the Life Insurance marketExperience working with Databases (SQL)Experience in Actuarial Modelling, Problem Solving, Data Analysis, and Information ScienceEMPLOYMENT 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.

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