Johannesburg

Intern

Graduate

Part Qualified

Associate

Qualified

Life

Health

Property & Casualty

Reserving

Reporting

Reinsurance

Risk

Systems

Python

Data Science

Pricing

Valuation

Excel

ResQ

Power BI

Hannover Re is one of the world's leading reinsurance companies, headquartered in Germany. With a global presence, they provide risk management and reinsurance solutions to clients in various sectors. Hannover Re's expertise lies in property and casualty, life and health, and specialty reinsurance, catering to the diverse needs of their clients worldwide. They prioritize risk analysis, underwriting excellence, and long-term partnerships.

Hannover Re

If you have a passion for niche short-term insurance and possess a strong technical background in the short-term insurance or reinsurance industry, Compass Insure with an office in Johannesburg, South Africa has a role just for you. This position is available on a permanent full-time basis commencing at the earliest possible date as an Actuarial Analyst within the Actuarial & Analytics unit.You can look forward to:<ul><li>Reserving – Assisting with the determination of reserving (and reserving related) inputs for quarterly and annual SAM regulatory and IFRS17 financial statement reporting purposes.</li><li>Group reporting – Assisting with the validation of key reserving inputs for IFRS17 Group reserving as well as financial planning purposes.</li><li>Planning – Assisting with providing key reserving related input for local financial planning/projection purposes.</li><li>Stakeholder engagement – Engaging with key stakeholders surrounding reserving related matters. Participation in IFRS17 and SAM audits together with preparation of audit input and handling of queries where necessary.</li><li>Reporting – Assisting with various reserve reports and analyses to various stakeholders as well as providing input on regulatory returns such as the SAM Quantitative and Qualitative Returns as well as the FSCA’s Conduct of Business Return.</li><li>Data quality management – Assisting with the Compass Insure data quality management function.</li></ul>You come equipped with:<ul><li>Degree in Actuarial Science.</li><li>A minimum completion of ASSA A1 & A2 Technical exams / IFoA equivalent.</li><li>Minimum 3 years of non-life insurance experience (preferably within a reserving role).</li><li>Working knowledge of technical requirements in short term insurance or reinsurance surrounding reserving methodologies and SAM as well as IFRS17 valuation principles.</li><li>Proven track record of the application of actuarial principles and methods.</li><li>Knowledge of the South African Regulatory environment for non-life insurers.</li><li>Demonstrated ability to distil and communicate complex financial information and reports to various parties.</li><li>Ability to critically assess and review own work.</li><li>Computer skills – Advanced MS Office, Intermediate to advanced proficiency in SQL and Power BI. ResQ reserving software knowledge would be advantageous.</li><li>Proficient in English.</li></ul>Employment Equity:Employment Equity South African Citizens as qualified by the Employment Equity Act will be given preference in relation to the company’s Employment Equity Plan. A relevant work permit is required if a foreign national or non-South African citizen applies for the role.What We Offer:Atmosphere: You will find an international working environment with short decision channels, an open feedback culture, and a sense of community shaped by mutual esteem and a readiness to help.Benefits: Structured onboarding, flexible working hours, benefits superior to those of the collective agreement, as well as modern offers for personal development, health management, and work-life balance are just some of our benefits.Prospects: You contribute your specialist and methodological expertise and we offer you fresh input and the opportunity to further develop your potential – including room to come up with innovative ideas and act on them!

If you have an interest in Reinsurance or Insurance, Hannover Re Group Africa (Pty) South Africa (ZA) has a great role available as an Actuarial or Technical Assistant in the Systems, R & D unit, in the Life and Health business.You can look forward to:<ul><li>Automation of Life Assurance Processes: Provide input into underwriting aspects and documenting of underwriting solutions; Testing of the software and functionality aspects of our automation software; Calibration and testing of underwriting solutions; Ongoing maintenance and query support for solutions implemented.</li><li>Business Development: Support discussions with potential clients, help with preparation of presentations; Assist in configuring the solutions and automated system specific to client needs; Document, record and monitor interactions and client queries and requests.</li><li>Business Management: Practice good note-taking and record keeping of internal & client meetings; Provide relevant and timely feedback to all stakeholders; Ensure that documentation & processes are aligned to best practice standards and records are kept in a logical manner.</li><li>Data Analytics and Reporting: Provide feedback and reports on the various systems, processes and procedures; Develop standardised reports and reporting tools and databases, in order to ensure that management is kept well informed of any development in the Unit; Provide ad-hoc data analysis to support decision making.</li></ul>You come equipped with:<ul><li>Degree in Actuarial Science, Data Science, Mathematics, Statistics, Finance, Business Analytics, or a related field (honours preferred)</li><li>0 – 2 years' working experience</li><li>Technical insights with interest in technology</li><li>Essential computer skills – Advanced MS Word, Excel, PowerPoint, Access</li><li>Preferred computer skills - R, Python, Power BI, SQL and VBA</li><li>Experience within a life insurance or reinsurance environment is beneficial</li><li>Patient and willing to stick it out due to a broad learning curve</li><li>Good English communication skills verbal, written, and able to follow instructions</li><li>Excellent time management and can prioritise effectively</li><li>Independent learner and must be willing to try things in isolation</li><li>Inquisitive and have the ability to articulate opinions and insights</li><li>Resilient and willing to adopt to the team ethos and high standard of delivery</li></ul>Employment Equity: South African Citizens as qualified by the Employment Equity Act will be given preference in relation to the company’s Employment Equity Plan. A relevant work permit is required if a foreign national or non-South African citizen applies for the role.What We Offer: A warm culture entrenched in our core values of Responsibility, Drive and We-spirit where professionals team up to create opportunities for our employees and clients.Benefits: Thorough onboarding, hybrid and/or flexible working environment with daily warm lunches at the company's cost/prepared by our very own catering team. Comprehensive group risk benefits; generous annual and parental leave benefits which put people first as well as great learning and development opportunities aligned to business operations.Located within walking distance of the Gautrain, and opposite the Rosebank mall.If you are keen to learn and contribute to our 'somewhat different' approach to reinsurance, then apply by clicking on the "apply now" button.

If you have an interest in Reinsurance or Insurance, Hannover Re Group Africa (Pty) South Africa (ZA) with an office in Johannesburg has a great role available as a Business Development Actuary in Business Development (In-force Management), in the Life and Health business.You can look forward to:Business Development - Develop symmetric partnerships with potential new clients, design innovative distribution and product solutions, prepare and conduct presentations. Cultivate existing client relationships and liaise with internal business units such as legal and pricing to ensure that new business and treaties meet internal standards as well as profitability and legal requirements. Develop and maintain all relevant records and reports required.Business Management - Ensure treaty wording and addenda are accurate and up-to-date at all times. Liaise with clients and internal business units such as Technical Accounting, Claims, and Underwriting regarding the status of accounts in order to analyze and interpret the performance of treaties and take action as required.Reporting - Consolidate commentary on investigations and findings to the Head of Business Acquisition & Development on a monthly basis or as required, and prepare reports for quarterly board packs. Collate information and provide input and commentary for assigned clients for Exco and quarterly board meetings as required.Training - Identify training needs, develop a training plan, engage with stakeholders, present internal and external client training as needed, and liaise with internal departments to assist with client training needs.Non-client entities - Build and maintain relationships with global colleagues, regulators, industry associations, and consultants.You come equipped with:<ul><li>Qualified or nearly qualified Actuary</li><li>Minimum of 5 years’ experience within a life insurance or reinsurance environment</li><li>Computer skills – Advanced MS Word, Excel, Outlook, PowerPoint</li><li>Working knowledge of technical requirements and creative problem-solving skills</li><li>Proven track record of the application of actuarial principles and methods</li><li>Proven track record to effectively engage and manage internal and external stakeholders</li><li>Ability to problem-solve and contribute to team effectiveness</li><li>Ability to initiate and lead projects within required or agreed deadlines</li><li>Ability to critically assess and review own work done</li></ul>Employment EquityEmployment Equity South African Citizens as qualified by the Employment Equity Act will be given preference in relation to the company’s Employment Equity Plan. A relevant work permit is required if a foreign national or non-South African citizen applies for the role.What We Offer: A warm culture entrenched in our core values of Responsibility, Drive, and We-spirit where professionals team up to create opportunities for our employees and clients.Benefits: Thorough onboarding, hybrid and/or flexible working environment with daily warm lunches at the company's cost, prepared by our very own catering team. Comprehensive group risk benefits, generous annual and parental leave benefits which put people first, as well as great learning and development opportunities aligned to business operations.A great location within walking distance of the Gautrain and opposite the Rosebank mall.If you want to work in a dynamic and global environment with a somewhat different approach to doing business, then apply now.

If you have an interest in Reinsurance or Insurance, Hannover Re Group Africa (Pty) South Africa (ZA) has a great role available as a Actuarial Business Development Assistant in Business Development (Inforce Management), in the Life and Health business.You can look forward to:Premium Reconciliations:Setting up a model and performing checks on reinsurance premiums based on needs identified by the responsible BD manager. Co-ordinating the checks with the internal teams, such as pricing and corporate actuarial.Group Pricing:Maintaining the group pricing tool and training the relevant BD members in its use.New Business Approval:Ensuring that the template filled out by the responsible BD manager is adequately stored. Improving the template based on team feedback.In Force Management:Ensuring that each open treaty is analysed by the responsible BD at agreed intervals as per the template. Analysis stored and any identified items communicated to the relevant internal teams. Updating the template based on internal feedback. Liaising with the Corporate Actuarial team to agree time frames for any additionally flagged treaties.Treaty Documents:Keeping a register of treaty wording and Addenda which are due to be finalised; following up with the responsible BD manager on outstanding treaties; setting up Adobe Sign process.Regulatory:Creating and maintaining a library of relevant government notices, professional guidance notes, and other regulation. Informing the BD team of the key features of any changes or new legislation.System Administration:Filing all key documents, such as treaty wording, Addenda, approval emails, and rate tables in respect of all active treaties in Doxis (document management warehouse). Actively use ConneX for meeting notes, events, and opportunity creation. Liaising with the international ConneX team to resolve queries. Identifying and arranging required training for the Life team as needed. Encode new treaties and required changes to existing treaties on Re-7 (SAP based system).Legacy Clean-up:Creating and maintaining documents summarising key features for each open treaty, with focus on those with numerous Addenda.Ad Hoc responsibilities:Creating and maintaining a system that contains a summary of treaty features, with a focus on those missing or containing outdated treaty conditions as compared to the latest Hannover Re standard treaty wording. Liaising with the responsible BD manager to ensure that treaty terms are updated.You come equipped with:Essential:<ul><li>Degree in actuarial science (good exam progress with technical subjects - at least 3 exemptions)</li><li>0 - 2 years' working experience</li><li>Microsoft: Word, Excel (intermediate to advanced), Outlook (Intermediate)</li><li>Good understanding and ability to apply actuarial principles and methods.</li></ul>Advantageous:<ul><li>Technical work experience in life insurance/reinsurance</li><li>Experience using a SAP based or similar system for treaties</li></ul>Employment Equity:Employment Equity South African Citizens as qualified by the Employment Equity Act will be given preference in relation to the company’s Employment Equity Plan. A relevant work permit is required if a foreign national or non-South African citizen applies for the role.

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