Actuarial Manager

Discovery Limited; Heidelberg; On-site; ZAR 900,000 - 1,500,000; Full time

Job summary

Discovery Limited is seeking an Actuarial Manager - Operations Intelligence to lead data-driven solutions across procurement, claims, and servicing processes using statistical and actuarial methods.

You will develop supplier analytics, scoring, and incentive models, applying generative AI to optimize procurement. Requires 3+ years R&D in insurance and honours/AMASSA/FASSA.

Qualifications

• 3+ years of Research and Development experience within the insurance industry
• Strong mathematical/statistical foundations
• Experience with data science techniques and predictive modeling

Responsibilities

• Develop strategic procurement initiatives with procurement operations teams
• Optimize and automate supplier appointments and allocation for all claim types
• Develop supplier scoring, coaching and evaluation algorithms
• Develop incentive models and strategies for suppliers
• Use generative AI to optimize procurement processes
• Advanced procurement analytics
• Develop procurement fraud and audit models

Skills

Statistical analytics

Modelling

SQL

Python

MS Office

Generative AI

Management skills

Education

Matric

Honours degree in Actuarial Science/Statistics/CS

AMASSA / FASSA

Job description

Actuarial Manager - Operations Intelligence

Key Purpose:
To develop unique, data‑driven solutions to problems faced within the operational processes for Insure. This includes optimizing and generating efficiencies in procurement, claims, sales and servicing processes using statistical, actuarial and data science techniques. The role offers the opportunity to apply machine learning and generative AI to solve a large variety of business problems practically. It specifically focuses on optimizing processes that involve external suppliers (procurement) with a core focus on developing, implementing and driving strategic procurement initiatives.

Areas of responsibility

• Development and implementation of strategic procurement initiatives working closely with the procurement operations teams
• Optimize and automate supplier appointments and allocation for all claim types as services
• Develop supplier scoring, coaching and evaluation algorithms that align supplier and business objectives
• Develop incentive models and strategies for suppliers
• Use generative AI to optimize business and procurement processes
• Advanced procurement (supplier) analytics
• Develop procurement fraud and audit models

Knowledge and Skills

• Statistical and analytical skills (Advanced)
• Modelling skills (Intermediate)
• Programming skills: SQL, Python (Intermediate)
• Microsoft Office (Excel, PowerPoint and Word) (Advanced)
• Experience using Generative AI (beginner)
• Management skills

Education and Experience

Education

• Matric (Essential)
• Honours degree in Actuarial Science and/or Mathematical Statistics/Computer Science or strong mathematics/economics candidate (Essential)
• AMASSA / FASSA

Minimum Experience

• 3+ years of Research and Development experience within the insurance industry (Advantageous)

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.