Actuarial AnalystBusiness Unit: Vitality RSA
Function: Actuarial Sciences
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 Vitality
Discovery Vitality offers the ideal platform for the best actuaries to grow, own key responsibilities and challenge their abilities and currently has roles available to close to or recently academically qualified Actuaries. The successful candidate will form part of the Vitality Risk and Analytics team.
Key Purpose
The candidate will form part of the Vitality SA actuarial team responsible for analytical analysis and modelling of the Vitality programme in order to answer key business questions, inform the business strategy, ensure the business remains financially stable and exposure to key risks are understood. A unique focus area of this role is deep analysis at the intersection of actuarial and behavioural science spheres in order to understand and drive member engagement and wellness across Vitality.
Areas of responsibility may include but not limited to Develop actuarial or statistical models to aid in strategic business decision-makingShort- and long-term behavioural and financial projections (including pricing and testing of new initiatives)Extracting and analysing large datasets to yield rich insights and communicating the results to a wide variety of stakeholders including the Vitality SA Executive CommitteeIdentify and understand key business and data trends, assess the impact and identify possible courses of action to mitigate / capitalize on these opportunitiesConduct ad-hoc investigations and analyses including quantifying the financial and business impact of strategic projects, oftentimes working with executive decision-makers to craft and execute key strategic projectsCompilation of reports and presentations for the Vitality Exco, Vitality Board, Actuarial Committee, Discovery Board and Group ExcoDevelop and leverage key working relationships with various stakeholders across the business in order to support the aims of the organizationMentor, support and train junior analystsStrong analytical skills with the ability to collect, organize, analyse, and disseminate information simply and effectivelyStrong ability to work with, analyse and communicate findings from data (top-down verbal and written communication)A passion for delivering results with a sense of urgency for rapid actionExcellent time-management skills with the ability to prioritize deliverables and manage stakeholder expectationsWell-versed in the ability to disaggregate issues and problem-solvingComfortable adapting and responding to changeStrong abilities in dealing with unstructured problems and complex environmentsExcellent attention to detailGood writing and reporting skillsGood people skills and situational awarenessAbility to cope with business pressures and setbacksAbility to think with a commercial and growth mindsetGood sense of materiality with the ability to put things into perspectiveEducation and Experience Matric with Higher Grade MathematicsBachelor of Science degree in Actuarial Science, Statistics or Data Science, with an Honours degree being advantageous1 to 3 years work experienceProficiency in MS Word, MS Excel, MS PowerPoint and MS Outlook and SQLExperience in Actuarial Modelling, Problem Solving or Data AnalysisBehavioural Highly analytical and logicalCritical thinkingCurious and eager to know "why"Creativity and innovationAn ability to communicate technical complexity to a non-technical audienceA focus on delivering results and meeting customer expectationsAn interest in analysing large datasetsAn interest in the field of Behavioural ScienceComfortable with change and a fast-paced work environmentDesire to teach and grow more junior membersKeen to pursue a career outside of a traditional actuarial environment whilst applying actuarial and statistical principles in a non-traditional way
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