Actuary

Discovery LimitedZA

30+ days ago

Job description

Job title : Actuary

Job Location : Gauteng,

Deadline : November 27, 2025

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Key Purpose

The main purpose of this role is to use data analytics skills to enhance retention and distribution strategies, improving business processes, identify product opportunities, assist overviewing product implementation specs and vetting scenarios to ensure products are implemented as designed and that administrative system values are actuarially sound.

Responsibilities and Objectives of this role

The successful applicant will be responsible for but not limited to the following broad job functions :

Using data analytics skills to optimise business processes, new business volumes and enhance retention and distribution strategies

Be involved in developing new innovative product ideas and analysing experience to aid the pricing team

Building MI data visualisation dashboards to help senior management making decisions affecting retention and distribution strategies

Planning for new products, serving as the link between systems and actuarial & ensuring products are built as required

Review new product specifications and implementation actuarial vetting scenarios

Analyzing servicing scenarios and identifying possible system constraints on product design

Ongoing involvement in addressing individual policy queries and issues

Assisting with ad-hoc investigations and analyses including quantifying the financial impact of possible misalignment of actuarial specification and system implementation

Applying actuarial knowledge to solve non-standard problems

Required Competencies

Self-starter able to show initiative and drive projects to completion with guidance.

Applying Expertise and Technology

Analysing

Creating and Innovating

Working with People

Education and Experience

Essential

Qualified Fellow Actuary

MS Excel – Proficient

Database experience (SQL)

Must have experience with statistical software (R and / or Python)

Programming experience and understanding. (e.g. VBA)

Advantageous

Industry experiences applying ML / regression models in analytics

Previous systems work or software testing / coding experience.

Invest and / or Life insurance 3 – 10 years’ industry experience

Research / Data Analysis jobs

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Actuary • ZA

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