Actuarial Analyst

Discovery Limited; South Africa; On-site; ZAR 480,000 - 640,000; Full time

Job summary

Discovery Health seeks an Actuarial Analyst to join the Risk Intelligence team. You will perform technical healthcare actuarial analysis and prepare monitoring reports under tight deadlines. Apply risk adjustment principles to claims data to support interventions that improve efficiency and quality of care.

You may assist with pricing new products; strong communication and attention to detail are required. CT exams and 0–3 years of data analytics experience are preferred, with an interest in SA

Qualifications

• Actuarial science, Data Science or Mathematical Statistics degree.
• CT series of actuarial board examinations if Actuarial.
• Data and analytic work experience (0-3 years).
• Understanding of risk adjustment methodologies (Beneficial).

Responsibilities

• Technical healthcare actuarial analysis and monitoring reports.
• Investigate initiatives and deliver reliable results under deadlines.
• Apply risk adjustment principles to claims data for interventions.
• Assist with pricing of new Discovery Health products.
• Communicate data findings clearly to business users.

Skills

Analytical ability

Communication skills

Presentation skills

Attention to detail

Team collaboration

Confidentiality

Education

Actuarial/Statistics degree

CT exams (Actuarial)

Job description

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Actuarial Analyst

Business Unit: Discovery Health

Function: Actuarial Sciences

Date: 8 Sept 2026

Key Purpose

Discovery Health administers a number of closed in-house employer medical schemes, as well as the largest open scheme in South Africa, the Discovery Health Medical Scheme. The Risk Intelligence team is responsible for the measurement and reporting of clinical experience for each of our client schemes providing actuarial analytic support for managed care interventions, healthcare quality reporting initiatives, provider contracting, and clinical profile reports of clinician utilisation patterns and adherence to evidence based clinical process measures.

Internal

You will be responsible for technical healthcare actuarial analysis, which may include regular monitoring reports, as well as detailed investigations for various initiatives. You will be expected to deliver clear and reliable results on tight and high pressured deadlines at times. The job entails applying the principles of risk adjustment, in the healthcare context, to the clinical analysis of claims data to deepen understanding of the scheme experience for guiding appropriate interventions to ensure sustainability through improvement of efficiency and quality of care. You may also be involved in assisting with the pricing of exciting new Discovery Health products before their launch. Data and model findings need to be clearly communicated to business users.

Excellent conceptual and technical ability

Excellent communications, both written and verbal

Excellent analytical capability and aptitude

Comfortable presenting to stakeholders and team

Healthcare experience and an understanding of clinical risk adjustment methodologies

Manage complexity

Excellent conceptual and technical ability

Accuracy

Verbal and written Communication

Personal Attributes and Skills

Aligned to Discovery values and core purpose

An interest in the South African healthcare and medical scheme environment

Exceptional analytical and problem solving skills

High-level of attention to detail

Results orientated and commercial thinking

Excellent communication and presentation skills

A focus on delivering results and meeting client expectations

Ability to work collaboratively in a team environment and balance multiple priorities

Ability to work alone when required and to take initiative without supervision

Comfortable with change and a fast paced work environment

Unwaveringly ethical and able to maintain confidentiality

Qualifications & Experience:

Actuarial science, Data Science or Mathematical Statistics degree

Completion of CT series of actuarial board examinations if Actuarial

Data and analytic work experience (0-3 years)

Understanding of risk adjustment methodologies (Beneficial)

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.