Head of Procurement Intelligence at Discovery Limited

Sandton, Gauteng, South Africa -

Full Time

Start Date

Immediate

Expiry Date

08 Mar, 26

Salary

0.0

Posted On

08 Dec, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Statistical Skills, Analytical Skills, Programming Skills, SQL, Python, Radar, Microsoft Office, Strategic Thinking, Problem-Solving Skills, Management Skills, Generative AI, Modelling Skills

Industry

Insurance

Description

Discovery – Insure Head of Procurement 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. This role specifically focuses on optimizing processes that involve external suppliers (procurement) but is not limited to this. A core focus would be to develop, implement and drive strategic procurement initiatives. Areas of responsibility may include but are not limited to Develop supplier scoring and evaluation algorithms that align supplier and business objectives Develop incentive models and strategies for suppliers Optimize and automate supplier appointments and allocation for all claim types as services. Using generative AI to optimize business and procurement processes. Advanced Procurement (supplier) analytics Develop procurement fraud and audit models Knowledge and Skills Statistical and analytical skills (Advanced) Programming Skills: SQL, Python, Radar (Intermediate) Microsoft Office (Excel, PowerPoint and Word) (Advanced) Strategic thinking Problem-solving skills Management skills Experience using generative AI (beginner) Modelling skills (Advanced) Education and Experience Education: Matric (Essential) Honours degree in Actuarial Science and/or Mathematical Statistics/ Computer Science or Strong mathematical/economics candidate (Essential) Qualified actuary - if from an actuarial background Fellow of the Actuarial Society of South Africa (FASSA) or Associate Member of the Actuarial Society of South Africa (AMASSA) – (Advantageous) Minimum Experience: · 6+ years of experience in management and strategic data science/ actuarial roles · At least 3 years specific short term insurance experienceEMPLOYMENT 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.

Responsibilities

The Head of Procurement Intelligence is responsible for developing data-driven solutions to optimize operational processes, particularly in procurement. This includes creating algorithms for supplier evaluation and using machine learning to enhance business processes.