Job Description

Business Unit:

Discovery Insure

Function:

Actuarial Sciences

Date:

19 Feb 2025

Discovery - Insure

Actuarial Analyst - Business Pricing

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

We are seeking a highly motivated and innovative Actuarial Analyst to join our team. This role is perfect for someone who thrives under high pressure, enjoys tackling novel and unfamiliar problems, and is eager to make a significant and strategic impact on the business's trajectory with their unique business insights.

Areas of responsibility may include but are not limited to

Operational Analytics: Assist with analytics related to various operational teams, including retentions and servicing. Provide actionable insights to senior management of these operational teams that balances the optimal analytical solution with practical considerations. Project Support: Aid in the proposal and implementation of strategic and urgent projects as directed by senior management. High-Pressure Problem Solving: Apply first principles thinking to high-level and strategic problems, managing high-pressure requests from senior executives such as the CEO, Chief Analytical Officer and Chief Actuary. Curiosity and Innovation: Maintain a curious mindset regarding the external environment and be comfortable solving novel and unfamiliar problems. Presentation Skills: Develop and deliver presentations to senior executives and non-technical audiences, with a willingness to quickly learn necessary skills. Budgeting and Reporting: Participate in the claims and premium annual budgeting process and provide information for board and results presentations.

Skills

First Principles Thinking Exceptional Work Ethic

Education and Experience

Education:

Matric (Essential) Honours degree in Actuarial Science or outstanding candidate in Mathematical Statistics, Computer Science, mathematics, Economics (Essential) Min 5 completed CT subjects if actuarial candidate (Essential). Top 5 in University Class if other degree.

Minimum Experience:

0-3 years of working 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.