Senior Actuarial Analyst

4 weeks ago


Johannesburg, Gauteng, South Africa Munich Re Full time

Senior Actuarial Analyst - Life Valuations

Company: Munich Re

Location: Johannesburg, South Africa

Munich Reinsurance Company of Africa Limited (MRoA) has been operating in South Africa for over 50 years. The Head Office of MRoA is in Johannesburg, with a client service Life office in Cape Town.

Your Business Unit:

The Life Corporate Actuarial Department produces valuations of the Life business in Africa, assesses capital requirements and monitors profitability. The Business Unit reports directly to the Chief Financial Officer.

Your Team:

The team consists of a diverse group of graduates, analysts, and qualified actuaries collaborating closely with accounting, finance departments, and valuation counterparts in Munich and Singapore.

Your job:

  • Analysis of Valuation Data
  • Performing tasks related to quarterly reserving activities
  • Assisting with regular reporting for stakeholders
  • Provide input and support with the Annual ORSSA process
  • Assisting with ad hoc model and assumption changes
  • Mentoring graduate trainees

Your profile:

  • Bachelor's degree in Actuarial or Business Science
  • At least 6 actuarial exams
  • Minimum three years of work experience
  • Intermediate reserving knowledge
  • Understanding of life actuarial modelling
  • Strong communication and interpersonal skills
  • Ability to work under pressure

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: 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.

About Munich Re:

Founded in 1880, Munich Re Group is one of the world's leading providers of primary insurance, reinsurance, and insurance-related risk solutions. 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.



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