Cape Town

Johannesburg

Part Qualified

Associate

Qualified

Life

Health

Property & Casualty

Reserving

Reporting

Reinsurance

Risk

Data Science

Experience Analysis

Pricing

Valuation

Capital

Consulting

Excel

ResQ

Power BI

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) 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.

Are you a highly motivated individual looking for an exciting opportunity to join our Life and Health EMEA Regional Team (ERPT) in Cape Town or Johannesburg? Do you have a passion for actuarial pricing, and are looking for an adventurous role, where you can demonstrate technical and commercial capability? If so, we want you to join our team!About the RoleAs a Life and Health Actuarial Pricing Actuary, you will play a crucial role in pricing life &amp; health business in the UK and across Continental Europe. You will collaborate cross-functionally and with clients on pricing and product development opportunities, you will perform data analyses relating to emerging claims experience and monitor the performance of our reinsurance portfolio.Joining our team means gaining a deep understanding of the L&amp;H reinsurance market and supporting us in providing high-quality actuarial input to cross-functional teams within Swiss Re.Key responsibilities<ul><li>Lead the development and review of pricing bases and reinsurance terms for new and established products</li><li>Ensure profitability of current portfolio is maintained in conjunction with our reporting and experience studies teams</li><li>Collaborate with clients and cross-functional teams on product development opportunities</li><li>Drive thought leadership and provide guidance to others</li></ul>About the TeamOur South African based Regional Pricing team operates within L&amp;H EMEA. We pride ourselves on having a diverse team with a strong sense of community. Our leadership style is collaborative, and we work cross-functionally with our colleagues across EMEA, including pricing, client management, business management, underwriting, claims, and reporting teams.We like to have fun while delivering reinsurance pricing across a wide range of products in the UK and Central European markets. We are committed and supportive of one another and offer a flexible working environment where curious and adaptable people thrive.About YouDo you have strong communication and presentation skills? Are you looking to challenge yourself with an exciting opportunity? Having a curious and analytical mind - always asking questions and searching for solutions, customer focus and can do attitude you would be an excellent addition to our team.Essential:<ul><li>Qualified actuary (FASSA or equivalent) or candidate with good progress in exams</li><li>Minimum 4 years relevant experience</li><li>Pricing experience, and/or familiarity with reinsurance structures and retail protection markets preferred</li><li>Able to produce accurate, high-quality results while balancing multiple priorities</li><li>Comfortable independently owning outcomes and driving projects to execution</li></ul>Nice to Have:<ul><li>Good negotiation skills</li><li>Willingness to work abroad in the future</li><li>Ability to speak or read another European language</li></ul>Swiss Re offers modern work models and attractive work places that allow all employees to adapt to changing work preferences and life phases.Preference will be given to Employment Equity candidates.About Swiss ReSwiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property &amp; Casualty and Life &amp; Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.

Imagine a role where you can progress your actuarial career, work closely with actuarial experts and directly contribute to the success of the company.Your focus in the role will be on the calculation of the solvency capital requirements under the Solvency Assessment and Management (SAM) framework for the legal entity Swiss Re Corporate Solutions South-Africa (SRCSA) including the valuation of best estimate technical provisions.The main responsibilities are:<ul><li>Perform the quarterly and annual solvency capital requirement calculations including market value balance sheet, SAM capital requirements, technical provisions and own funds</li><li>Prepare all actuarial SAM reporting including populating the actuarial components of the Quantitative Reporting Templates (QRTs) and documenting the solvency position results in the Own Risk and Solvency Assessment (ORSA) report</li><li>Perform the technical provisions transformation required from US GAAP/IFRS 17 to local GAAP</li><li>Closely cooperate with major internal partners (Finance/Accounting, Risk Management, Claims, Underwriting, Pricing) including quarterly reporting on key issues to provide early warning signals to senior management</li><li>Play an active role in the actuarial team in supporting all actuarial requests of internal and external stakeholders including external/internal auditors as well as regulators, and address them on a timely basis</li><li>Inter-regional coordination with other Swiss Re actuarial teams collaborating in various projects, such as supporting actuarial process development including the implementation of IFRS 17 accounting standards</li><li>Detailed ad-hoc portfolio reviews and analyses as required including management support</li></ul>About the teamYou will be part of the Swiss Re Corporate Solutions actuarial team based in Zurich. We are responsible for determining the technical provisions at adequate levels meeting all local statutory and US GAAP as well as IFRS 17 requirements for the region Europe and Middle East. In addition, the team is supporting Swiss Re Group in all actuarial risk management aspects with respect to Swiss Re Corporate Solutions.Bringing strong interpersonal skills and ability to prioritize, you are bound for success in this role. In addition, you bring:Must haves:<ul><li>Bachelor's degree in Actuarial Science, with the candidate making good progress in the actuarial exams from Actuarial Society of South Africa (ASSA) or any other equivalent Actuarial Body</li><li>2 – 4 years relevant experience in P&amp;C (non-life) insurance business</li><li>Experience and good understanding of capital calculations under Solvency Assessment and Management (SAM)</li><li>Experience and good understanding of reserving methods for P&amp;C business</li></ul>Nice to have:<ul><li>Knowledge of US GAAP and IFRS 17 financial principles</li></ul>About usSwiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer. We anticipate and manage risks, from natural catastrophes and climate change to cybercrime.Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. We offer innovative insurance solutions to large and midsized multinational corporations from our approximately 50 locations worldwide. We help clients mitigate their risk exposure, whilst our industry-leading claims service provides them with additional peace of mind.Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. Swiss Re Corporate Solutions embraces a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.

About Milliman:For more than 70 years, Milliman’s objectivity and rigorous standards of professional excellence have made us the leading independent actuarial firm. Our unique structure fosters collaboration among employees regardless of seniority, which results in better results for our clients. Our reputation for excellence attracts challenging projects and some of the best assignments in the business, providing Milliman employees with unique opportunities to become leaders in their fields.We 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.About Milliman South AfricaOur offices in Johannesburg and Cape Town provide coverage across sub-Saharan Africa, focusing on life, non-life and microinsurance.We combine the expertise of our local offices with that of our colleagues across the world to provide global consulting solutions to our clients. Our service offerings include risk and capital management, financial reporting, product development and new market entry.Requirements:<ul><li>Nearly/recently qualified actuary</li><li>4 to 7 years of relevant life or short-term insurance experience</li><li>Client facing experience would be an advantage</li><li>Excellent verbal and written communication</li><li>Self-starter, self-motivated, not afraid to ask questions or suggest / explore new ideas;</li></ul>Additional consideration will be given to individuals from a previously disadvantaged background.Qualifications:Bachelor of Science or better in Actuarial Science or related field.Experience:4 to 7 years of relevant life or short-term insurance experience

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