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Actuarial Analyst - Discovery Life
Business Unit: Discovery Life
Function: Actuarial Sciences
Actuarial Analyst
Product 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 functions
- Balancing client needs and expectations with intended product rules
- Identifying and investigating root causes of recurring defects
- Developing automated tools for calculations and value checking
- Monitoring the implementation of products and benefits
- Testing and validating new products and benefits and their implementation on the system
- Informing and assisting non-technical teams on product rules and issues
- Providing expertise and guidance on specific product workings to management and other actuarial teams
Education and Experience
- Matric with Mathematics
- Bachelor of Science (BSc), Bachelor of Business Science (BBusSc), or equivalent degree in Actuarial Science
Advantageous:
- Computer science experience
- At least 1 year of working experience as an Actuarial Analyst within the Life Insurance industry
- A311 exam passed or exemption obtained
Technical Skills and Knowledge
- Intermediate proficiency in MS Excel
- Knowledge of Data Analysis
- Intermediate IT and coding skills
- Strong mathematical, statistical, and analytical skills
- Strong interpersonal and communication skills
- Ability to take initiative and learn quickly while being adaptable
Advantageous:
- Knowledge of the Life Insurance market
- Experience working with Databases (SQL)
- Experience in Actuarial Modelling, Problem Solving, Data Analysis, and Information Science
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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