Actuary – Discovery Life needed at Discovery Limited

Key Purpose

• The main responsibility of this role is to support the Conservation (Retentions) Strategy team by conducting and utilizing various analyses to inform, develop, and implement strategies aimed at both proactive and reactive client retention for Discovery Life. This process is completed by continuously monitoring the effectiveness of implemented strategies and incorporating feedback into ongoing strategy development.

Areas of responsibility may include but not limited to

• Extract and analyse data to identify key trends in distribution, product adoption, lapses, Vitality engagement, and other areas.
• Brainstorm and research new and emerging fields to contribute to innovative solutions.
• Utilise technical product knowledge, including competitor insights, to identify business opportunities.
• Motivate and support Conservation (Retentions) initiatives within various prioritization forums, ensuring timely and effective implementation.
• Collaborate with Operations, Systems, Marketing, and Distribution stakeholders to refine strategies and develop implementation plans.
• Establish and monitor metrics to evaluate the effectiveness of strategies, updating current strategies and driving the development of new ones.

Education and Experience

Essential:

• Matric with Mathematics
• Relevant Bachelor’s/Honours degree in Actuarial Science from an accredited institution
• Fellow of Actuarial Society of South Africa (or any other recognised actuarial professional body)
• At least 3 years working experience as an Actuarial Analyst within the Insurance Industry

Advantageous:

• Working experience as an Actuary in the Life Insurance industry

Technical Skills and Knowledge

Essential:

• Proficiency in MS Word, MS Excel, MS PowerPoint and MS Outlook
• Effective communications skills
• Strong data analysis skills
• Problem solving skills

Advantageous:

• Knowledge of the Life Insurance market
• Experience in coding, monitoring and reporting