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Actuarial Analyst at Discovery Limited
Discovery Limited
August 31, 2026
Full-time
On-site
Key Purpose
The primary focus would be, from a systems and actuarial point of view, to investigate and resolve issues encountered on Discovery systems, ensuring that the product and business rules are adhered to, and continuously improving and optimising processess. This position is crucial in ensuring that the existing products are functioning at a level that meets policyholder expectations, and that the integrity of the products remain intact. The role is unique as it acts as a bridge between the purely actuarial product development teams and the physical implementation on the system. It contributes a unique combination of actuarial and IT skills to the product development team. A major part of this role is to balance the pressures of client expectations with the defined product rules, and to coordinate a resolution from an actuarial, and a systems perspective.
Areas of responsibility may include but not limited to
Resolving defects and inconsistencies in product functions
Balance the needs and expectations of the client, with intended product rules
Identify and investigate root causes of recurring defects
Develop automated tools for calculations and values checking
Monitor the implementation of products and benefits
Test and validate new products and benefits and their implementation on the system
Inform and assist non-technical teams on product rules and issues
Provide expertise and guidance on specific product workings to management, and other actuarial teams
Education and Experience
Essential:
Matric with Mathematics
Bachelor of Science (BSc), Bachelor of Business Science (BBusSc) or equivalent degree in Actuarial Science
Advantageous:
Computer science experience
At least 1 years of working experience as an Actuarial Analyst within the Life Insurance industry
A311 exam passed or exemption obtained
Technical Skills and Knowledge
Essential:
Intermediate proficiency in MS Excel
Knowledge on Data Analysis
Intermediate IT and coding skills
Strong mathematical, statistical, and analytical skills
Strong interpersonal and communication skills
Take initiative and learn quickly, while being adaptable
Advantageous:
Knowledge of the Life Insurance market.
Experience in working with Databases (SQL)
Experience in Actuarial Modelling, Problem Solving, Data Analysis and information science
The primary focus would be, from a systems and actuarial point of view, to investigate and resolve issues encountered on Discovery systems, ensuring that the product and business rules are adhered to, and continuously improving and optimising processess. This position is crucial in ensuring that the existing products are functioning at a level that meets policyholder expectations, and that the integrity of the products remain intact. The role is unique as it acts as a bridge between the purely actuarial product development teams and the physical implementation on the system. It contributes a unique combination of actuarial and IT skills to the product development team. A major part of this role is to balance the pressures of client expectations with the defined product rules, and to coordinate a resolution from an actuarial, and a systems perspective.
Areas of responsibility may include but not limited to
Resolving defects and inconsistencies in product functions
Balance the needs and expectations of the client, with intended product rules
Identify and investigate root causes of recurring defects
Develop automated tools for calculations and values checking
Monitor the implementation of products and benefits
Test and validate new products and benefits and their implementation on the system
Inform and assist non-technical teams on product rules and issues
Provide expertise and guidance on specific product workings to management, and other actuarial teams
Education and Experience
Essential:
Matric with Mathematics
Bachelor of Science (BSc), Bachelor of Business Science (BBusSc) or equivalent degree in Actuarial Science
Advantageous:
Computer science experience
At least 1 years of working experience as an Actuarial Analyst within the Life Insurance industry
A311 exam passed or exemption obtained
Technical Skills and Knowledge
Essential:
Intermediate proficiency in MS Excel
Knowledge on Data Analysis
Intermediate IT and coding skills
Strong mathematical, statistical, and analytical skills
Strong interpersonal and communication skills
Take initiative and learn quickly, while being adaptable
Advantageous:
Knowledge of the Life Insurance market.
Experience in working with Databases (SQL)
Experience in Actuarial Modelling, Problem Solving, Data Analysis and information science