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Actuarial Analyst Business Unit: Discovery Employee Benefits
Function: Actuarial Sciences
Date: 31 Oct 2024
Achieve more than YOU BELIEVE Discovery Corporate & Employee Benefits
Actuarial Analyst
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 Corporate & Employee Benefits Discovery Corporate and Employee Benefits is the first and only employee benefits provider to shape employee behaviour, creating healthier and wealthier workforces. It is an exciting business to be in as we reimagine the way retirement savings and life insurance are brought to companies and employees.
Key Purpose This role is in the high-performing Group Risk actuarial team, responsible for the pricing, reinsurance, retention and risk management for over 2 500 employer clients, 700 000 members and R3.2bn annual premium. This role will focus on the cleaning and processing of data for internal functions. Subsequent analysis of this data will also be necessary for this role.
Areas of responsibility may include but not limited to Liaising with internal teams, accounting, valuations, systems implementation, systems, operational teams, pricing and technical marketing. Communicating with internal pricing and sales teams to create appropriate presentations for clients. Communicating with the reinsurer for the monthly reinsurance premiums and other functions. Working with senior team members to clean and process the data appropriately for basis reviews and ad-hoc investigations. Using knowledge of internal data processes and sources to support data remediation where needed. The role offers the opportunity to develop where further areas of responsibility include:
Review of pricing bases. Presentation of pricing bases to internal stakeholders. Presentation of ad-hoc investigations to internal stakeholders. Presentations to clients for renewal discussions. Personal Attributes
Highly analytical Delivering results and meeting customer expectations Speed and accuracy Competent and reliable Willingness to learn and share ideas Education and Experience Student of ASSA Understanding of insurance and the risks around data (Advantageous) Experience in data analysis recommended Programming in R, SQL and VBA recommended 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.
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