Company: Discovery Limited
Industry: Insurance
Posted: Sep 6, 2025
Deadline: Not specified
Job Type: Full Time
Qualification: Bachelors, Matric
Experience:
Location: Gauteng
City:
Field: Finance / Accounting / Audit
Key Purpose
The purpose of this role is to assist the senior actuary with reinsurance and capital reporting responsibilities for Discovery Life and Invest. The key tasks include quarterly capital reporting to the Prudential Authority (PA), and contributing to the Own Risk and Solvency Assessment (ORSA), focusing on Pillar 1, Embedded Value (EV) and IFRS 17 risk metrics, providing insights that support management’s decision-making. In addition, the role offers exposure to technical reinsurance management, including treaty interpretation, monthly reporting, and engagement with key stakeholders.
Areas of responsibility may include but is not limited to:
Assist in the preparation and submission of quarterly capital reporting to the Prudential Authority (PA).
Support the Own Risk and Solvency Assessment (ORSA) process, with a particular focus on:
Pillar 1 regulatory capital requirements
Embedded Value (EV) metrics
IFRS 17 risk metrics
Measurement and assessment of internal liquidity capital metrics
Collaborate cross-functionally with teams including Valuation, Risk, and Product Development to provide insights and analysis to inform management decisions on capital adequacy and business strategy.
Assist in improving the capital management framework and risk reporting processes.
Strengthen the life and investment product offering through capital optimisation and risk insights.
Contribute to technical reinsurance management, including:
Monthly reporting on reinsurance arrangements
Interpretation and application of reinsurance treaties
Develop and maintain existing reporting models
Education and Experience
Essential:
Matric with mathematics
Honours degree in Actuarial Science or Mathematical Statistics from an accredited institution
Strong actuarial exam progress, must have completed at least 11-12 board exams.
Advantageous:
SQL or other coding experience
Working experience within the Life Insurance industry.
Qualified or nearly qualified actuary
Technical Skills and Knowledge
Intermediate proficiency in MS Word, MS Excel, MS Outlook.
Effective communication skills
Strong problem solving and analytical skills.
