Actuary
Business Unit: Discovery Invest
Function: Actuarial Sciences
Date: 27-Feb-2023
Head of R&D Pricing and Actuarial
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.
Job Purpose
Responsible for
- Leading a team of actuaries
- Creating new and innovating retail investment products
- Integrating the products with the broader Discovery group where applicable
- Ideation of and research into new innovations, and
- delivering the required technical actuarial and documentation work
- for new products and enhancements for product launches,
- from the initial brainstorming to the implementation stage,
- considering all stakeholders and aspects involved.
The role has emphasis on the
- sound actuarial modelling of all proposals, from the high-level exploratory stages to the in-depth scrutinization of the final stages,
- leading and growing all team members from a technical modelling perspective,
- with deep insight drawn from the employee’s experience and specialist knowledge in actuarial pricing
- acquiring and taking into account all of the inputs from the key stakeholders during the product development cycle,
- and providing continual feedback into the direction of the launch proposal.
Key Outputs may include but are not limited to:
(Please note that only the first 8 Key Outputs will be entered into SmartPeople)
|
Job / Role Requirements
| Work Experience | |
| Required | 10+ years in a Life (Risk) or Investment Product Development role |
| Preferred (would be advantageous) | Discovery-specific role would be advantageous as our unique products and considerations are complex and takes time to master and obtain deep insight |
| Education / Qualifications / Accreditations with Professional Body | |
| Required | FASSA/FFA/FIA (or equivalent) |
| Preferred (would be advantageous) | The above would suffice |
| Professional Registration | FASSA/FFA/FIA (or equivalent) |
| Technical Skills or Knowledge | |
| Required | Prophet/ Excel actuarial cashflow modelling |
| Preferred (would be advantageous) | SQL, DCS, MS Access, R Studio, any statistical modelling software (e.g. S+, Emblem etc.) |
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.
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