Actuarial Manager - Discovery LifeBusiness Unit: Discovery LifeFunction: Actuarial SciencesDate: 11 Oct 2024About DiscoveryDiscovery'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 LifeDiscovery 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 PurposeThe Individual Life Analytics team is responsible for strategic and impactful projects for the business, offering a platform for the best actuaries to grow, own key responsibilities and challenge their abilities. The focus of this role is to support the reporting, monitoring and deeper analyses of actuarial experience to drive insights for management decisions and to inform the setting of assumptions. The role involves exposure to a wide range of business areas such as underwriting, claims, reinsurance and other operations, as well as the wider Discovery Group.Areas of ResponsibilityTake ownership of monthly actuarial experience reporting such as claims, lapses, paybacks and new business to inform key management decisions.Develop and maintain actuarial models to aid in strategic business decisions.Ensure data processes are continuously maintained and updated.Conduct deeper analyses to inform impacts of experience variances for financial reporting.Analysing large datasets to yield rich insights and communicating the results to a variety of stakeholders.Compilation of reports for Discovery Life Exco, Actuarial Committee and Discovery Board.Perform special investigations into focus areas of actuarial experience.Identifying and understanding key business and data trends, assess the impact and identify possible courses of action to manage risk.Develop and leverage key working relationships with various stakeholders across the business in order to support the aims of the organization.Personal Attributes and SkillsIdentifying and analysing trends.Adapting and responding to change.Results orientated and commercial thinking.Working with people.Deciding and initiating action.Applying expertise and technology.Proactive, accountable and able to thrive under pressure.Advanced proficiency in MS Word, MS Excel and MS Outlook.Analytical skills.Statistical skills.Creating innovative solutions to complex problems.Writing and reporting.Education and ExperienceMatric with Mathematics.Honours Degree in Actuarial Science.Qualified / near-qualified actuary with recognised actuarial professional body, e.g. ASSA or IFoA.At least 2 years related work experience.SQL knowledge.Advantageous3-5 years of working experience as an Actuarial Analyst / Actuary in the Life Insurance industry.EMPLOYMENT EQUITYThe 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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