Actuarial Analyst for Life Business
3 days ago
The Life Retail Product and Pricing department at Munich Reinsurance Company of Africa is responsible for ensuring profitable reinsurance business across South Africa and Sub Saharan Africa.
We are seeking an experienced Actuary to join our team and contribute to this goal by developing and implementing pricing strategies that optimize profitability.
Your Key Responsibilities:- Develop and implement pricing strategies that optimize profitability.
- Evaluate and maintain Munich Re's actuarial and risk management standards.
- Contribute to various projects undertaken by the life team, such as tenders, client projects and experience analyses.
- Collaborate with client managers, underwriting, claims, valuations and operations to deliver high-quality product propositions.
- Support client management strategy by providing research and accompanying client managers as the pricing expert.
- Assist Head of the Retail Pricing team and Head of the Retail team in delivering high-quality actuarial consulting services to clients in pricing, product development and risk management.
- Optimize process efficiency to drive business growth.
A minimum of 4 years' relevant experience in Life reinsurance or insurance business is required.
Newly or nearly qualified actuaries are encouraged to apply.
- Pricing experience with a solid technical understanding of Life products, including mortality and morbidity rate setting and experience.
- Proficiency in actuarial modeling packages, Excel, VBA, SQL, Power BI.
- Excellent verbal, communication, presentation and negotiation skills.
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