Discoverys 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 a global thought leader, Discovery is passionate about innovating in order not only to achieve financial success, but also to ignite positive and meaningful change in our society.
About Vitality Global
Vitality Global, a subsidiary of Discovery Limited, is responsible for the expansion of the Vitality Shared-Value Insurance business model beyond South Africa and the UK, serving to fully leverage the assets and intellectual property of Discovery beyond its primary markets. The business forms equity or contractual partnerships with leading global insurers to integrate Vitality and shared value with partners insurance and financial services products in the markets where they operate. Vitality Global also operates a business providing wellness solutions to employer groups in the United States. Vitality Global is responsible for Discoverys 25 percent equity investment in Ping An Health, the largest comprehensive medical insurer in China.
Vitality Globals businesses reach more than 27 million unique lives across 40 markets (Argentina, Austria, Australia, Brazil, Canada, Czech Republic, China, Democratic Republic of Congo, Ecuador, France, Germany, Ghana, Hong Kong, India, Indonesia, Italy, Japan, Kenya, Macao, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Pakistan, Philippines, Portugal, Saudi Arabia, Singapore, South Korea, Spain, Sri Lanka, Thailand, the United States, Vietnam and Zambia) as well as our primary markets in South Africa and the United Kingdom.
About Ping An Health
Ping An Group is a world-leading technology-powered personal financial services group, which applies innovations to drive technology-powered business transformation and build a world-leading healthcare ecosystem. Ping An Group has 227m retail clients and 647m online users. Ranked first in the Global Brand Finance Insurance 100 and sixth in Forbes Global 2000, Ping An is a powerful brand across China.
In 2010, Discovery took a 25% equity stake in Ping An Health. As a specialist health insurer in the Ping An Group, Ping An Health has provided leading health insurance products and services, in both the retail and group health markets, achieving outstanding growth over the last decade. Ping An Health has been a driving force in Chinas health insurance industry, through product innovations such as the low-cost, high-deductible eShengBao health insurance product.
Through joining Ping An Health, you will have a unique and rare opportunity to be part of a leading insurer in a rapidly developing and innovative Chinese market. In addition, you will be part of a team of high-performing professionals, focused on actionable ways forward, in order to produce great results. In addition, this role offers an attractive financial package to the ideal candidate.
Note that roles in Ping An Health tend to be dynamic, so you should be comfortable with being pragmatic and flexible about doing whatever work is required to deliver on Discoverys mission of supporting the Ping An Health business.
You will be based in Shanghai.
A Uniquely Exciting Opportunity
The unique nature of this opportunity is not to be underestimated. Ping An Health is a very successful, dynamic business in an extraordinarily vibrant and growing market. It is the premier commercial health insurer in China, and has embraced digital technology, data analytics, and the role of shared value and wellness in the business model, making it a true market leader. Being a member of the Discovery team in this business is an extremely rare and valuable experience for anyone to have. In addition, there is the opportunity that this assignment will give you and your family (if you have one) to live in Shanghai, one of the worlds leading cities, and an important gateway to exploring the rest of China and Asia as a whole. This person will be seconded to China.
Job Purpose
This is an expat assignment in Shanghai, China. The Specialist is ultimately responsible for working with our JV partner Ping An Health (PAH) to co-develop core health insurance capabilities to drive sustainable business growth in China. Through understanding the local market environment, working together with Ping An colleagues and identifying which areas of Discoverys expertise can be adapted and leveraged, the role of the Specialist is to ensure the effective localization and joint implementation of strategic projects.
Key Outputs Include But Are Not Limited To
- Securing alignment of objectives, resolution of obstacles and problems, and collaboration on strategic and operational decisions with PAH, by creating and maintaining strategic relationships
- Supporting the design, rollout and ongoing enhancement of the Vitality proposition and shared value insurance in order to ensure:
- Alignment with the Vitality principles
- Incorporation of the latest global Vitality strategies and findings and the latest advancements in health and wellness
- VGs continued position as indispensable provider of intellectual property (IP) to PAH
- Managing the transfer of Vitality and shared value insurance IP and best practice to PAH across a range of functions, including R&D, actuarial, marketing, risk management, operations, systems and distribution
- Building a strategic business outlook to identify future ongoing opportunities for DSY IP to be effectively localized and implemented in PAH
- Mobilizing DSY and PAH resources to adapt, localize and, where required, find ways to re-develop DSY capabilities and methodologies to suit the local Chinese market
- Locally work together with PAH colleagues to collaborate, manage, and co-deliver PAH and DSY strategic projects, and be accountable for implementation results
- Is a genuine team player: knows how to ask for and to give help; knows how to lead and how to follow; knows how to field dropped balls and play them in a constructive manner; is focused on the teams success
- Has a strong bias for action and is able to get hands dirty through performing data analytics, preparing presentations, iterating deliverables, rather than being just an advisor
- Has profound business-oriented relationship-building skills: knows how to build work relationships based on adding genuine value to other peoples work and on mutual respect, rather than seeing business relationships as being superficially social in nature
- Has deep business insight and is able to identify and communicate business strategic problems and solutions with senior executives
- Has financial acumen, and is able to understand and interpret implications of financial information
- Values-driven and optimistic, and able to work with different cultures; able to adapt to local requirements and market practice, be flexible in balancing long-term goals and short-term wins, and be resilient in a consistently changing environment
- Fast learner and able to quickly identify opportunities to build relationships to drive joint decisions and project deliveries
- Able to work with people from all different levels (analysts to ExCo) and build different types of relationships with PAH, instilling trust and building collaboration
- Problem-solver and drives results; able to drive implementation through iterations, quickly able to identify problem areas, prioritize solutions and develop a vision that is suitable and effective for PAH
- Multi-disciplinary experience in Vitality Health or Discovery Health: product, networks, customer journey, etc
- 5+ years of experience in financial / insurance sector
- Understanding healthcare data and performing analysis, interpreting data trends and communicating implications
- Engaging effectively with senior executives
- Networking and relationship-building
- Using strong presentation and communication skills
- Working independently and in different environments
- Working with ambiguous, complex problems under pressure
- Operating in multi-stakeholder environment managing potentially different expectations and needs
- Leading by influence rather than authority
- Knowledge and experience of the China healthcare market
- Consulting experience
- Postgraduate degree with a strong analytical or business focus, and a proven record of academic excellence
- Actuary (preferred)
Technical Skills or Knowledge
Fluent in Mandarin (this would be exceptionally advantageous)
Personal Attributes or Competency Profile
- Resilient
- Optimistic
- Learns on the fly
- Instils trust
- People savvy
- Drives results
- Problem solver
The Companys 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.
