Actuarial Analyst

Discovery Limited; Johannesburg; On-site; ZAR 420,000 - 620,000; Full time

Job summary

Discovery Limited in Johannesburg seeks an Actuarial Analyst to bridge actuarial product development and system implementation. The role focuses on investigating issues, validating rules, and enhancing processes to ensure policyholder expectations are met.

The candidate will coordinate between actuarial and IT teams, develop automated checks, and contribute to product improvements in a fast-paced Life Insurance environment.

Qualifications

• Matric with Mathematics is required.
• Degree in Actuarial Science or equivalent (BSc/BBusSc).
• Strong analytical, mathematical and communication skills.
• Experience in Life Insurance actuarial environment is preferred.

Responsibilities

• Investigate and resolve issues on Discovery systems from an actuarial/IT perspective.
• Ensure product rules and business rules are adhered to and enhance processes.
• Balance client expectations with product rules and coordinate resolutions across teams.
• Develop automated tools for calculations and value checks.
• Test and validate new products/benefits on the system.

Skills

Mathematical skills

Statistical skills

Analytical skills

Interpersonal communication

Initiative & adaptability

Data analysis

Excel proficiency

Coding skills

IT knowledge

Education

Matric with Mathematics

BSc/BBusSc or Actuarial Science degree

Tools

SQL databases

Actuarial modelling tools

Job description

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Actuarial Analyst

Business Unit: Discovery Life

Function: Actuarial Sciences

Date: 27 Aug 2026

Actuarial Analyst - Discovery Life

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 not only achieve financial success, but to ignite positive and meaningful change within our society.

About Discovery Life

Discovery 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. 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 Purpose

The primary focus would be, from a systems and actuarial point of view, to investigate and resolve issues encountered on Discovery systems, ensuring that the product and business rules are adhered to, and continuously improving and optimising processess. This position is crucial in ensuring that the existing products are functioning at a level that meets policyholder expectations, and that the integrity of the products remain intact. The role is unique as it acts as a bridge between the purely actuarial product development teams and the physical implementation on the system. It contributes a unique combination of actuarial and IT skills to the product development team. A major part of this role is to balance the pressures of client expectations with the defined product rules, and to coordinate a resolution from an actuarial, and a systems perspective.

Areas of responsibility may include but not limited to

• Resolving defects and inconsistencies in product functions
• Balance the needs and expectations of the client, with intended product rules
• Identify and investigate root causes of recurring defects
• Develop automated tools for calculations and values checking
• Monitor the implementation of products and benefits
• Test and validate new products and benefits and their implementation on the system
• Inform and assist non-technical teams on product rules and issues
• Provide 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 years 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 on Data Analysis
• Intermediate IT and coding skills
• Strong mathematical, statistical, and analytical skills
• Strong interpersonal and communication skills
• Take initiative and learn quickly, while being adaptable

Advantageous:

• Knowledge of the Life Insurance market.
• Experience in 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.