Actuarial Graduate Trainee

5 days ago

Johannesburg, Gauteng, South Africa Munich Re Full time R250 000 - R500 000 per year

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)

At Munich Re, we embrace and value the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation of our open culture and spirit of partnership. It shapes how our teams are built and cultivated and how we are supported and developed. And at the center of this interaction is each of us. As part of our commitment to opportunity, growth and diversity, preference may be given to EE candidates.

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