Actuarial Graduate Trainee

7 months ago

Johannesburg, South Africa Munich Re Full time

Actuarial Graduate Trainee

Graduate Trainee Fixed Term Contract

**Company**
Munich Re
**Location**
Johannesburg, South Africa

**Munich Reinsurance Company of Africa Limited (MRoA) has been operating in South Africa for over 50 years, although the Munich Re (Group) was active on the Continent via Munich Re in Munich for some years prior to commencing the Southern African operation in Johannesburg in 1968. The Head Office of MRoA is in Johannesburg, with a client service Life office situated in Cape Town.**
- Are you a recent graduate who enjoys being part of a team and is able to relate well to people from different backgrounds and cultures? Are you techno-savvy with good analytical, interpersonal and communications skills? If you answered yes to the above then this might be the opportunity for you._

**Your Programme**:
Reporting into the Team Leaders or Managers of the various departments, as a Graduate at Munich Re of Africa, you will:

- Take part in soft skills and technical training.
- Conduct daily department specific tasks.
- Participate in team specific tasks and deliverables.
- Participate in cross-divisional project teams.
- Participate in team and business projects.

Exposure may include (department dependent):

- Transform client data into a useable format for analysis.
- Obtain rates from pricing bases given a set of assumptions.
- Calculation of group risk quotes, for all benefits, using the tools provided.
- Understand the modelling and pricing of reinsurance and insurance products.
- Risk identification, assessing these and documentation thereof.
- Data checking and creating movement analysis.
- Review, reporting and calculations of reserves.
- Use and running models.
- Reviewing, compiling and/or providing content to actuarial/risk reports.

**Your profile**:

- Final year Actuarial Science student or recent Actuarial Science graduate
- Good academic record
- Good coding/programming skills
- Working knowledge of statistical and mathematical methods and analysis

**Our Benefits**:

- Work/Life balance
- Great working environment
- Great compensation
- Learning and Development opportunities
- Support with Actuarial Exams
- 12 months fixed term contract (with a possible 12-month extension)

LI-Hybrid

**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.

**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 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.

**Disclaimer**:
At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experience, perspectives and thought. This interaction is the foundation of our open culture, spirit of partnership, of how our teams are built and cultivated, and of how we are supported and developed. And at the centre of this interaction is each of us.

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