Cape Town

Johannesburg

Intern

Graduate

Part Qualified

Life

Health

Property & Casualty

Reporting

Reinsurance

Risk

Systems

Python

Data Science

Coding

Pricing

Consulting

Excel

Power BI

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) 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.

About MillimanMilliman is among the world’s largest providers of actuarial and risk management services. Globally we provide consulting services to clients in life insurance, property and casualty insurance, healthcare, and employee benefits and pensions. Today, Milliman has more than 4 600 employees and more than 60 offices worldwide. We are driven by a shared commitment to innovate and inspired by a common mission: to serve our clients to protect the health and financial well-being of people everywhere.About Milliman South AfricaOur offices in Cape Town and Johannesburg provide coverage across sub-Saharan Africa, focusing on life, non-life and micro-insurance. We work closely with our international offices, combining the expertise of our local offices with that of our colleagues across the world. Our service offerings include risk and capital management, financial reporting, product development and new market entry.Location: Cape Town or Johannesburg, South AfricaWe are looking for diverse, bright-minded individuals who are interested in pursuing a career in the actuarial consulting industry to join our dynamic team in South Africa. This is an ideal opportunity to work and collaborate with our team of experts from across the world in a fast-paced, challenging and rewarding environment.Desired experience and professional qualifications<ul><li>0-1 year of professional experience</li><li>Bachelor’s or Honours degree in Actuarial Science by the end of 2024</li><li>Strong progress with ASSA exemptions / exams.</li><li>Additional consideration will be given to individuals from a previously disadvantaged background.</li></ul>Desired competencies<ul><li>Thorough understanding of actuarial subjects studied thus far</li><li>Keenness to learn and ask questions</li><li>Analytical and communication skills</li><li>Driven and self-motivated</li><li>Basic knowledge of MS Excel</li><li>Basic programming knowledge (e.g. R or VBA)</li></ul>

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