Actuarial Analyst / Actuary - Employee Benefits Valuations - Discovery Life at Discovery Limited

Key Purpose

• Assist the head of the Employee Benefits actuarial valuations team with taking ownership of key reporting responsibilities and the associated analysis around assumptions and results. The key tasks for the role include monthly experience reporting, quarterly regulatory reporting, semi-annual valuation reporting and various actuarial analytics projects. The work involves managing the processes for completion of reporting tasks, analysing and giving input on key actuarial metrics to assist in management decision making and working with teams across the business to help improve different aspects of the product offering.

Areas of responsibility may include but not limited to:

• Taking ownership of the monthly actuarial experience process and producing reports for the head of the team and other senior management to inform their decision making
• Semi-annual, in depth, experience analyses to assist with setting assumptions
• Development and maintenance of existing models and process to drive efficiencies and ensure all methodologies and assumptions remain relevant and up to date
• Maintaining and updating data controls and systems
• Assisting with assumptions for quarterly regulatory reporting and semi-annual financial reporting
• Working with other teams across the business to improve data and client experience metrics

Education and Experience

• Matric with Mathematics
• Bachelor’s/Honours degree in Actuarial Science from an accredited institution
• At least 6 years of working experience in an actuarial environment, preferably in the life insurance or employee benefits industries
• Nearly or newly qualified FASSA (or international equivalent)

Technical Skills and Knowledge

Essential:

• Problem solving
• Analytical thinking
• Effective communications skills
• Proficiency in MS Word, MS Excel and MS Outlook

Advantageous:

• Prophet experience advantageous
• SQL coding experience advantageous