Head of Procurement Intelligence

Discovery; Sandton; On-site; ZAR 1 200 000 - 1 500 000; Full time

Job summary

A leading insurance company in South Africa seeks a Head of Procurement Intelligence to develop and implement data-driven solutions to enhance operational processes. This role focuses on optimizing procurement initiatives, utilizing statistical and machine learning techniques. The ideal candidate has 6+ years in management roles and a strong educational background in actuarial science or mathematics, coupled with experience in the short-term insurance industry.

Qualifications

• Matric is essential.
• Honours degree in Actuarial Science or related field is essential.
• 6+ years of experience in management and strategic data science roles required.

Responsibilities

• Develop supplier scoring and evaluation algorithms.
• Optimize and automate supplier appointments for all claim types.
• Use generative AI to optimize business processes.

Skills

Statistical and analytical skills

Programming Skills: SQL

Programming Skills: Python

Microsoft Office (Excel, PowerPoint and Word)

Strategic thinking

Problem-solving skills

Management skills

Experience using generative AI

Modelling skills

Education

Matric

Honours degree in Actuarial Science/Mathematical Statistics/Computer Science

Qualified actuary

Fellow of the Actuarial Society of South Africa (FASSA)

Associate Member of the Actuarial Society of South Africa (AMASSA)

Job description

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 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 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, PowerPoint and Word) (Advanced)
• Strategic thinking
• Problem-solving skills
• Management skills
• Experience using generative AI (beginner)
• Modelling skills (Advanced)

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)

Minimum Experience:

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.