FinMoRe Actuary

FinMoRe Actuary Career Level 4 Company Munich Re Location Johannesburg , South Africa

Your Business Unit:
The Financially Motivated Reinsurance (Fin Mo Re) business unit is the leading player in the Sub-Saharan region that develops tailored cash financing, profitability management and capital optimisation reinsurance solutions for its life assurance clients.

Your Team:

The Fin Mo Re Team is an experienced and highly qualified team of professionals with multiple skills (Actuarial, Data Analytics, Capital Management, Reinsurance Pricing, Investment Management & Research and Investment Banking) that designs, markets and implements innovative reinsurance solutions to Sub Saharan African long term insurers. The candidate will join this top rated and highly skilled team in a senior role.

Your job:

Are you passionate about developing innovative solutions that increase financial growth for our clients? As the Financially Motivated Reinsurance Solutions Actuary for Munich Re of Africa (MRoA) - Life, you will play a key role in helping our clients achieve their business goals. You will research and understand the capital management and profitability stresses of our clients and design and implement Fin Mo Re solutions that meet their unique needs. Reporting in to the Head of FinMoRe, you will:

• Identify and design custom Fin Mo Re solutions with support from management.
• Market and present Fin Mo Re solutions to our valued clients.
• Implement the Fin Mo Re solutions with a focus on risk management, profitability, and credit measures of the Munich Re Group.
• Develop financial models and assess the profitability of Fin Mo Re transactions while analyzing the risk and variability of profitability.
• Provide internal risk assessment, credit analysis, and Fin Mo Re transaction reports.
• Ensure that data requirements and technical input needed to price Fin Mo Re transactions are in place.
• Maintain the highest standard of technical competence & ensure group guidelines are followed.
• Support the Life Business strategy & risk management function.

Your profile:

We are looking for a dynamic and results-driven person with a strong background in Life/Reinsurance/Corporate Actuarial insurance or Actuarial Consulting. Experience in Capital Management and/or Investment Market Analysis will be beneficial.

• Preferably a Qualified Actuary (Fellow) or close to qualifying as an Actuary and a University degree in Actuarial Science, Statistics or Mathematics.
• 7+ years of relevant experience and sound technical understanding of life insurance dynamics - products, regulatory factors, market environment.
• Analytical and statistical skills.
• Multi-task and manage multiple deliverables.
• Proficiency in actuarial modelling packages/VBA/Excel (can perform complex functions).

Our Benefits:

• Life and Health Benefits.
• Retirement Benefits.
• Hybrid working environment.
• Bonus Scheme.
• Employee Assistance Program.
• Wellness Programs.
• Global Mobility.

You will work in an environment where we aspire to think big: Change and culture are challenged. We communicate a compelling and shared purpose and direction. We pave the way towards success and see failure as learning.

You are going to experience that we care & dare: We are empathetic. We know when to lead and know when to let others lead. We attract, grow and coach future leaders.

We aim to communicate in a clear & authentic way. We solicit feedback, ask and listen, learn and unlearn.

You will grow with your clients: Whatever our role, we support business, in a thoughtful way, to create value for our clients. We embrace new ways of working applying digitalization to provide solutions.

We lead the We: We have a passion for winning and growing as a team. We inspire people to deliver a joint performance. We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged.

#LI-Hybrid #Reinsurancejobs

This is a permanent position and is based in Johannesburg, South Africa. Consideration may be given to the position being based in Cape Town.

The closing date for this opening is 14 February 2024.

Please apply to the advert or through our careers page. We do not accept CV's by email. We do respond by email to all applications received through our advert. If you have not heard from us, please check your spam email folder.

If you have any queries, please contact the Talent Acquisition Specialist, Sumenthra Kander at SKander@munichre.com.
About Munich Re:

Founded in 1880, Munich Re Group is on the world's leading providers of primary insurance, reinsurance and insurance related risk solution. As pioneers in risk assessment, we promote the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber-attacks, from high net worth individual life cover to pandemic, we take care of risk, so our clients can take care of their business.

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