Actuary - Discovery Life
Posted today
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Job Description
Business Unit: Discovery Life
Function: Actuarial Sciences
Date: 14 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 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 to not only achieve financial success, but to ignite positive and meaningful change within our society.
About Discovery Life
Discovery Life is an ever growing fast-paced and dynamic environment that provides innovative risk assurance to individual clients. This environment thrives on customer engagement and customer experience as well as mutually beneficial relationships with our brokers and other stakeholders. It is important for our employees to provide world class service to our internal and external clients, thereby ensuring long and sustainable relationships.
About the ALM team
The Asset-Liability Management (ALM) team plays a critical role in managing the financial stability and strategic balance sheet positioning of the Discovery Life and Invest. The team is responsible for monitoring, analyzing, and optimizing the relationship between assets and liabilities to ensure liquidity, manage interest rate risk, and support capital efficiency
Role Description
As an actuary in the Asset-Liability Management (ALM) team, you will play a key role in managing the financial risks associated with the Discovery's balance sheet. You will support the alignment of assets and liabilities, contribute to strategic decision-making, and ensure the company's ability to meet long-term policyholder obligations. This role requires strong actuarial and analytical skills, a solid understanding of insurance and investment products as well as a good understanding of investment markets and concepts.
Key Outputs / Job Responsibilities
- Liability Modelling & valuation: Develop and maintain models to value liabilities and assess hedge effectiveness
- Instruct trades to eliminate asset liability mismatches across the balance sheet.
- Support Strategic ALM initiatives: Provide actuarial input into investment and ALM strategy decisions, ensuring alignment with liability profiles and risk appetite.
- Regulatory & Reporting Support: Assist in preparing ALM-related inputs for internal reporting requirements.
- Continuous Improvement: Contribute to the enhancement of ALM frameworks, methodologies, and tools.
Job / Role Requirements
Work Experience
Required
- At least 2 years' work experience in the life insurance industry/investments industry.
Preferred (would be advantageous)
- SQL, PROPHET or other coding experience
- Working experience within an ALM, BSM, capital management type role.
Education / Qualifications / Accreditations with Professional Body
Education / Qualifications Required
- 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
Preferred (would be advantageous)
FASSA, CFA, FRM
Technical Skills or Knowledge
Required
Skills
Level
- MS Word, MS Excel, MS Outlook
- Communication skills
Problem solving
Intermediate
- Intermediate
- Intermediate
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.
Short Term Insurance sales for Discovery insure
Posted today
Job Viewed
Job Description
Blue Mercury is looking for individuals to close hot leads , you will have a team of agents creating quotes for you and live transferring the client over to you , for you to close .
These positions are for January 2024 .
We offer a basic salary and uncapped commission, with no retainers or claw-backs. Commission and basic is payable within the same month and is uncapped , where you can earn 30% pf the premium paid on the policy value
For more information please visit
Discovery Insure which gives a client 50% back on their fuel spend, a tracking device at no extra cost and so much more and zero excess as well being the market leading short term insurance product out there
Job Type: Full-time
Pay: From R11 000,00 per month
Experience:
- sales: 3 years (Required)
Work Location: In person
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