Head Of Procurement Intelligence

Discovery Limited; Gauteng; On-site; ZAR 900 000 - 1 200 000; Full time

Job summary

A leading insurance company in South Africa is seeking a Head of Procurement Intelligence to develop unique, data-driven solutions aimed at optimizing operational processes. The role involves using machine learning and generative AI to solve various business problems and focuses on strategic procurement initiatives. The ideal candidate should have a strong mathematical background and at least 6 years of experience in management roles, with specific experience in the short-term insurance sector.

Qualifications

• 6+ years of experience in management and strategic data science or actuarial roles.
• At least 3 years specific short term insurance experience.

Responsibilities

• Develop supplier scoring and evaluation algorithms that align supplier and business objectives.
• Develop incentive models and strategies for suppliers.
• Optimize and automate supplier appointments and allocation for all claim types.
• Using generative AI to optimize business and procurement processes.
• Develop procurement fraud and audit models.

Skills

Statistical and analytical skills

Programming Skills: SQL

Programming Skills: Python

Programming Skills: Radar

Microsoft Office (Excel, Power Point and Word)

Strategic thinking

Problem-solving skills

Education

Matric

Honours degree in Actuarial Science or Mathematical Statistics or Computer Science

Qualified actuary (FASSA/AMASSA) - Advantageous

Job description

Overview

Discovery – Insure – Head of Procurement Intelligence

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 Insure

Discovery Insure is committed to creating a nation of great drivers through our innovative Shared‑value Insurance model.

Discovery Insure is South Africa's fastest growing short‑term insurance company with comprehensive products that provide protection against current and emerging risks facing clients in the motor and home insurance sectors.

Vitality Drive, an internationally‑recognised and award‑winning programme, is a key differentiator in the market that incentivises and rewards clients for driving well.

The Vitality Drive programme has been scaled to local and international markets which now include Europe and the Middle East.

The company employs over people who are committed to putting our customers and financial advisers first by providing unique and innovative solutions and cover.

Key Purpose

To develop unique, data‑driven solutions to problems faced within the operational processes for Insure.

This includes optimizing and generating efficiencies in claims, sales and servicing processes using statistical, actuarial and data science techniques.

This role offers the opportunity to apply machine learning and generative AI to solve a large variety of business problems practically.

This role specifically focuses on optimizing processes that involve external suppliers (procurement) but is not limited to this.

A core focus would be to develop, implement and drive strategic procurement initiatives.

Areas of Responsibility

Develop supplier scoring and evaluation algorithms that align supplier and business objectives

Develop incentive models and strategies for suppliers

Optimize and automate supplier appointments and allocation for all claim types as services.

Using 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)
• Programming Skills : SQL, Python, Radar (Intermediate)
• Microsoft Office (Excel, Power Point and Word) (Advanced)
• Strategic thinking
• Problem‑solving skills

Education and Experience

• Education : Matric (Essential)
• Honours degree in Actuarial Science and / or Mathematical Statistics / Computer Science or Strong mathematical / economics candidate (Essential)
• Qualified actuary - if from an actuarial background Fellow of the Actuarial Society of South Africa (FASSA) or Associate Member of the Actuarial Society of South Africa (AMASSA) – (Advantageous)
• Experience 6+ years of experience in management and strategic data science / actuarial roles
• At least 3 years specific short term insurance experience

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.