Job Description

Business Unit:

Discovery Life

Function:

Actuarial Sciences

Date:

7 Oct 2025
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 understandand support our core purpose, and whose own values align with those of Discovery. Our fast-paced and dynamic environment enables smart, self-driven peopleto be their best. As global thought leaders, Discovery is passionate about innovating to not only achieve financial success, but to ignite positive and meaningfulchange within our society.

About Discovery Invest

Discovery Invest is an ever growing fast-paced and dynamic environment that provides innovative investment products to retail clients. This environment thriveson customer engagement and customer experience as well as mutually beneficial relationships with our brokers and other stakeholders. It is important for ouremployees to provide world class service to our internal and external clients, thereby ensuring long and sustainable relationships.

About Discovery Invest Actuarial Valuations

Discovery Invest's dynamic environment offers a strong strategic business focus in addition to traditional challenges associated with a technical valuation role.Invest's actuarial valuation team forms an integral part of the business. The emphasis is on the understanding and communication of financial numbers to enablethe business to optimise its products and financial position.

Role Description

The primary focus of this is role the preparation of actuarial data for valuation purposes, performing ongoing actuarial experience monitoring and preparation ofactuarial experience reports for Discovery Invest. This role further provides the opportunity to perform ad-hoc experience investigations and continually enhancethe analytical capability of the Invest Actuarial Valuations team. The role therefore fulfils a key function within Discovery Invest to ensure the accuracy of financialresults and appropriateness of the actuarial bases used to perform actuarial valuations. Success in this role will be achieved through effective ownership of thedata and experience monitoring processes and continuously enhancing the management information extracted from these processes.

Key Outputs / Job Responsibilities - The key outputs and job responsibilities for this role may include, but are not limited to:

Reporting on monthly actuarial experience for ongoing monitoring of the business

Maintaining and enhancing the existing reporting and experience monitoring processes

Performing ad-hoc experience investigations to inform understanding of underlying policyholder behaviour

Creating and ensuring modelpoint files are accurate for semi-annual financial and regulatory reporting periods

Maintaining and enhancing the modelpoint file process to improve efficiency

Performing data investigations and incorporating improvements into the monthly process

Supporting senior actuaries in team with their various semi-annual financial and quarterly

Regulatory valuation responsibilities

Supporting senior actuaries in other day to day tasks

Education / Qualifications

Essential:

Matric

Completed degree in Actuarial Science and/or Mathematical Statistics

Nearly academically qualified with maximum 1-2 actuarial exemptions remaining
Advantageous

Recently qualified actuary or academically qualified with only normative skills remaining

Professional Registration

Student/Technical/Fellow of the Actuarial Society of South Africa

Experience

Essential

1-3 years' experience
Advantageous

Up to 5 years' experience as an actuary/actuarial analyst

Technical Skills / Knowledge

Essential

Advanced Analytical abilities

Advanced Communication skills

Advanced competence on MS Word, MS Excel and MS Outlook

Advantageous

Intermediate Prophet/DCS

Intermediate SQL

Intermediate Python/R
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.