Actuarial Analyst
Discovery – Insure
Actuarial Analyst – Operations Intelligence
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
To develop unique, data-driven solutions to problems faced within the operational processes for Insure. This includes optimizing and generating efficiencies in claims, sales and servicing processes using statistical, actuarial and data science techniques.This role offers the opportunity to apply machine learning and generative AI to solve a large variety of business problems practically.
Areas of responsibility may include but are not limited to- Developing supplier scoring and evaluation algorithms.
- Optimizing and automating supplier appointments and allocation.
- Using generative AI to optimize business processes.
- Procurement (supplier) analytics.
- Claims analytics.
- Servicing analytics.
- Enhancing Insure’s fraud models.
- Piloting and testing the latest AI innovations to generate efficiencies within Insure
- Strong problem-solving skills
- Analytical and technical skills
- Solution-oriented mindset
- Working with People
- Presenting and Communicating Information
- Deciding and initiating action
- Writing and Reporting
- Creating and Innovating
- Modelling skills preferred (Intermediate)
- Statistical and analytical skills (Intermediate)
- Programming Skills: SQL, Python, Radar (Intermediate)
- Microsoft Office (Excel, PowerPoint and Word) (Advanced)
- Experience using Generative AI (beginner)
Education and Experience
Education:
- Matric (Essential)
- Honours degree in Actuarial Science and/or Mathematical Statistics/ Computer Science or Strong mathematical/economics candidate (Essential)
- Good progress on Actuarial exams, preferably academically qualified
Minimum Experience:
- At least 1-3 years Research and Development experience within an Insurance industry (Advantageous)
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.