Actuarial Graduate Trainee

3 hours ago


Johannesburg, South Africa Munich Re Full time

**Location**

Johannesburg, South Africa
**Job type**

Full-Time
**Work mode**

Hybrid
**Job level**

Graduate & Entry-Level
**Job ID**

11065
**Company**

Munich Re
**Employment type**

Regular
**Area of expertise**

Actuarial & Risk Management

We are looking for Actuarial Graduate Trainees to join our Munich Reinsurance Africa Branch Team.

** Your Programme**:
As a Graduate, you will:

- Take part in soft skills and technical training
- Conduct day-to-day business unit 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
- Calculate group risk quotes, for all benefits, using the tools provided
- Understand the modelling and pricing of reinsurance and insurance products
- Identify risk, assess these and document accordingly
- Check data and create movement analysis
- Review, report and calculate reserves
- Use and run models
- Review, compile and/or provide content to actuarial/risk reports

** Your profile**:

- Recent Actuarial Science Graduate (Undergraduate/Honours) - due to onboarding timelines, final year students completing their undergraduate degree in 2025 will not be considered for this intake
- Good coding/programming skills
- Ability to work under pressure and multitask
- Working knowledge of statistical and mathematical methods and analysis

** Munich Re will offer**:

- Learning and Development opportunities
- Support with Actuarial Exams
- 12 months fixed term contract (with a possible 12-month extension)

Your Benefits

**With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.**- Competitive Salary- We provide fair and competitive compensation that reflects your performance and commitment.- Company performance-based Incentives- In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.- Recognition and Special Rewards- We recognise outstanding individual contributions through a variety of targeted rewards and incentives.- Retirement Planning- We support your long-term financial wellbeing with retirement solutions aligned with local regulations.- Inclusive Workplace Culture- We foster a respectful, inclusive, and values-driven environment.- Learning & Development- We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.- Work-Life-Balance- Supporting your ability to balance family, leisure, and your career.- Health & Wellbeing- We support your physical and mental health through a range of programs and activities in each location.



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