Team Lead Assumption Setting and Modelling

6 days ago

Johannesburg, South Africa Munich Re Full time

**Team Lead Assumption Setting and Modelling (Life)**:Career Level 4

**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.

Your job

Are you a qualified life actuary who enjoys being part of a team of highly skilled and motivated colleagues? Are you able to relate well to people from different backgrounds and cultures? Are you a an expert on setting forward looking valuation assumptions? Is life actuarial modelling a core part of your current role and responsibilities? If you answered yes to the above then this might be the opportunity for you.

YOUR RESPONSIBILITIES
- Ownership of Actuarial Model Development and Management
- Oversight and maintenance of model governance and controls
- Ownership of assumption setting and basis review
- Leading and mentoring actuarial analysts and trainees
- Establishing processes for assumption setting and review in the context of IFRS17

MUNICH RE WILL OFFER:

- Great working environment
- International exposure
- Competitive remuneration
- Learning and Development
- Support with Actuarial Exams

**Profile**:

- Qualified Actuary with at least 5 years post qualification experience
- Assumption setting and basis review experience essential
- Expertise in model development and management. Including a good understanding of the actuarial concepts and techniques underlying the models
- Strong life insurance product knowledge
- Expertise with Life Actuarial Software (Axis, Prophet, Moses, Algo etc.)
- Excellent communication and interpersonal skills
- Ability to work under pressure

About us

Find out Who we are, What we do, Our Strategy and How we can Support & Reward you

Our business model is based on the combination of primary insurance and reinsurance under one roof. We take on risks worldwide of every type and complexity, and our experience, financial strength, efficiency and first-class service make us the first choice for all matters relating to risk. Our client relationships are built on trust and cooperation. If you would be interested in helping shape the future as part of one of our teams, we look forward to hearing from you.

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

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