Actuary - Discovery Life

Discovery Limited; Sandton; On-site; ZAR 40 000 - 80 000; Full time

Job summary

An established industry player is seeking a talented Actuarial Analyst to join their dynamic team. In this role, you will support the Conservation Strategy team by conducting in-depth analyses to inform and implement client retention strategies. Your expertise will help identify key trends and business opportunities while collaborating with various stakeholders to drive innovative solutions. If you are passionate about making a positive impact and have a strong background in actuarial science, this is an exciting opportunity to grow in a fast-paced environment that values your contributions and fosters professional development.

Qualifications

• 3+ years as an Actuarial Analyst in the Insurance Industry.
• Fellow of Actuarial Society of South Africa required.

Responsibilities

• Support Conservation Strategy by analyzing data for client retention.
• Collaborate with stakeholders to refine strategies and implement plans.

Skills

Data Analysis

Problem Solving

Effective Communication

Technical Product Knowledge

Education

Bachelor’s/Honours degree in Actuarial Science

Matric with Mathematics

Fellow of Actuarial Society

Tools

MS Word

MS Excel

MS PowerPoint

MS Outlook

Job description

Discovery Life

Actuary Research & Development | Conservation Strategy

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 in order 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 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 Purpose

The main responsibility of this role is to support the Conservation (Retentions) Strategy team by conducting and utilizing various analyses to inform, develop, and implement strategies aimed at both proactive and reactive client retention for Discovery Life. This process is completed by continuously monitoring the effectiveness of implemented strategies and incorporating feedback into ongoing strategy development.

Areas of responsibility may include but not limited to

• Extract and analyse data to identify key trends in distribution, product adoption, lapses, Vitality engagement, and other areas.
• Brainstorm and research new and emerging fields to contribute to innovative solutions.
• Utilise technical product knowledge, including competitor insights, to identify business opportunities.
• Motivate and support Conservation (Retentions) initiatives within various prioritization forums, ensuring timely and effective implementation.
• Collaborate with Operations, Systems, Marketing, and Distribution stakeholders to refine strategies and develop implementation plans.
• Establish and monitor metrics to evaluate the effectiveness of strategies, updating current strategies and driving the development of new ones.

Education and Experience

Essential:

• Matric with Mathematics
• Relevant Bachelor’s/Honours degree in Actuarial Science from an accredited institution
• Fellow of Actuarial Society of South Africa (or any other recognised actuarial professional body)
• At least 3 years working experience as an Actuarial Analyst within the Insurance Industry

Advantageous:

• Working experience as an Actuary in the Life Insurance industry

Technical Skills and Knowledge

Essential:

• Proficiency in MS Word, MS Excel, MS PowerPoint and MS Outlook
• Effective communications skills
• Strong data analysis skills
• Problem solving skills

Advantageous:

• Knowledge of the Life Insurance market
• Experience in coding, monitoring and reporting

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.