Head of Procurement Intelligence

Discovery Limited; Johannesburg; On-site; ZAR 500 000 - 600 000; Full time

Job summary

A leading insurance company is seeking a Head of Procurement Intelligence to develop data-driven solutions and optimize procurement processes. The role requires strong analytical skills and a background in actuarial sciences, with at least 6 years in strategic roles and 3 years in short-term insurance. Join our dynamic team to deliver innovative solutions and enhance operational efficiencies.

Qualifications

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

Responsibilities

• Develop unique, data-driven solutions for operational processes.
• Optimize and generate efficiencies in claims, sales, and servicing.
• Develop, implement, and drive strategic procurement initiatives.

Skills

Statistical and analytical skills

SQL

Python

Radar

Microsoft Office (Excel, PowerPoint, Word)

Strategic thinking

Problem-solving skills

Education

Matric

Honours degree in Actuarial Science/Mathematical Statistics/Computer Science

Qualified actuary

FASSA or AMASSA (Advantageous)

Job description

Select how often (in days) to receive an alert:

Head of Procurement Intelligence

Business Unit: Discovery Insure

Function: Actuarial Sciences

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 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 1 000 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 may include but are not limited to

• Develop supplier scoring and evaluation algorithms that align supplier and business objectives
• Develop incentive models and strategies for suppliers
• Optimize 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, PowerPoint 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)

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

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.