Cape Town

Johannesburg

Sandton

Part Qualified

Associate

Qualified

Life

Health

Property & Casualty

Reserving

Reporting

Reinsurance

Risk

Python

Modelling

Data Science

Experience Analysis

Coding

Pricing

Valuation

Capital

Consulting

Excel

ResQ

Marketing

Power BI

Marine

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!

About the RoleWe are offering an exciting opportunity for an intellectually curious, highly motivated and passionate actuary in our Swiss Re Middle East and Africa Pricing team in Cape Town. You will play an important role in providing high quality actuarial support to help grow the Medical Insurance business in the region.As a member of the Middle East and Africa Pricing team, you will contribute to the development of innovative, market leading health reinsurance solutions and positively impact critical business and societal challenges.Specific responsibilities of this role include but are not limited to the following:<ul><li>Perform day-to-day pricing, monitoring and benefit design for the relevant target markets.</li><li>Support clients with the benefit design and pricing of products.</li><li>Assume a proactive approach and critical reviews of pricing, benefit design and in steering of existing and new business.</li><li>Participate in client meetings, to understand client's needs, share our view of results and jointly steer the business together with our client partners.</li><li>Assist in identifying and driving risk management interventions that will help our clients to limit the increase in cost of healthcare expenditure.</li><li>Reviewing and approving within given authority group quotes our clients refer to us.</li></ul>Control and Monitoring process<ul><li>Assist with the production of monitoring reports for both internal and external use, to ensure that the performance of our different clients is tracked regularly.</li><li>Analysing reports and noting emerging trends and problems, as well as giving inputs on their successful resolution.</li></ul>About YouAn ideal candidate would be a qualified (or nearly qualified) actuary that has excellent analytical, problem solving and independent decision-making abilities with strong customer focus and negotiation skills.You possess excellent inter-personal, communication and presentations skills and are able to work well within technical and non-technical teams.We would like you to have:<ul><li>A minimum of 4 years’ experience of which at least 3 years in a healthcare actuarial role.</li><li>Experience in medical insurance, with a strong understanding of pricing, monitoring and benefit design features.</li><li>Excellent understanding of the South African healthcare and/or the broader African medical insurance markets, competitors, market trends and dynamics.</li><li>Good working experience with Microsoft Excel, Word and PowerPoint.</li><li>Good working experience with SQL-based programs.</li></ul>It would be nice for you to have:<ul><li>Experience in developing, emerging medical insurance markets in Africa.</li><li>Skills in experience studies and costing bases across Africa.</li><li>Previous exposure to working in a complex environment.</li><li>Experience with SAS.</li></ul>If you are a committed, collaborative, enthusiastic colleague with a sensitivity to cultural differences able to work under pressure, we will be happy to get to know you!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, 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.

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.

About the RoleWe are offering an exciting opportunity for an intellectually curious, highly motivated and passionate actuary in our Swiss Re Middle East and Africa Pricing team in Cape Town. You will play an important role in providing high quality actuarial support to help grow the Medical Insurance business in the region. As a member of the Middle East and Africa Pricing team, you will contribute to the development of innovative, market leading health reinsurance solutions and positively impact critical business and societal challenges.Specific responsibilities of this role include but are not limited to the following:<ul><li>Pricing and steering of existing and new business</li></ul>• Perform day-to-day pricing, monitoring and benefit design for the relevant target markets.• Support clients with the benefit design and pricing of products.• Assume a proactive approach and critical reviews of pricing, benefit design and in steering of existing and new business.• Participate in client meetings, to understand client's needs, share our view of results and jointly steer the business together with our client partners.• Assist in identifying and driving risk management interventions that will help our clients to limit the increase in cost of healthcare expenditure.• Reviewing and approving within given authority group quotes our clients refer to us.<ul><li>Control and Monitoring process</li></ul>• Assist with the production of monitoring reports for both internal and external use, to ensure that the performance of our different clients is tracked regularly.• Analysing reports and noting emerging trends and problems, as well as giving inputs on their successful resolution.About YouAn ideal candidate would be a qualified (or nearly qualified) actuary that has excellent analytical, problem solving and independent decision-making abilities with strong customer focus and negotiation skills. You possess excellent inter-personal, communication and presentations skills and are able to work well within technical and non-technical teams.We would like you to have:<ul><li>A minimum of 4 years’ experience of which at least 3 years in a healthcare actuarial role</li></ul>• Experience in medical insurance, with a strong understanding of pricing, monitoring and benefit design features.• Excellent understanding of the South African healthcare and/or the broader African medical insurance markets, competitors, market trends and dynamics.• Good working experience with Microsoft Excel, Word and PowerPoint.• Good working experience with SQL-based programs.It would be nice for you to have:<ul><li>Experience in developing, emerging medical insurance markets in Africa</li></ul>• Skills in experience studies and costing bases across Africa.• Previous exposure to working in a complex environment.• Experience with SAS.If you are a committed, collaborative, enthusiastic colleague with a sensitivity to cultural differences able to work under pressure, we will be happy to get to know you!We provide feedback to all candidates via email. If you have not heard back from us, please check your spam folder.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 & Casualty and Life & 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, 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.

As part of this role, the key areas you will be involved in are as follows:<ul><li>Involvement in all pricing activities in the Life &amp; Health domain in South Africa</li><li>Assist in development of best-in-class bases</li><li>Involvement in product development and product enhancements for life insurance products</li><li>Pioneering thought leadership in (re)insurance industry</li><li>Involvement in client relationship building from a technical perspective</li></ul>Responsibilities<ul><li>New and existing business pricing for all lines of life insurance business (Retail, Group, Credit Life, Financial Solutions)</li><li>Involvement in client tender pricing and proposals</li><li>Experience investigations (incidence and terminations)</li><li>Lapse investigations</li><li>Group facultative reinsurance quotations</li></ul>Basis Development<ul><li>Internal basis development for all life insurance products</li><li>Using modelling techniques to propose bases</li></ul>Product Development<ul><li>Assisting in developing new products and/or product enhancements</li></ul>Thought Leadership<ul><li>Thought leadership in insurance industry</li><li>Research and data analytics</li><li>Involvement in client seminars, industry events and various publications</li></ul>Client relationships<ul><li>Fostering positive client interactions in the day-to-day work, thought leadership, and through supporting the Business Development team where necessary.</li></ul>QualificationsWe are ideally looking for candidate who have the following experience and competencies.Essential<ul><li>Previous working experience in the Life (re-)insurance industry.</li><li>Excellent knowledge of Microsoft packages (particularly Excel)</li></ul>Desirable<ul><li>Experience of coding</li><li>Strong technical, analytical and modelling skills.</li><li>Takes accountability and can work independently.</li><li>Produces a high standard of work with an appropriate level of attention to detail.</li><li>Strong initiative and ability to manage multiple projects.</li><li>Have an ability to network and cultivate relationships</li><li>Strong decision making abilities</li></ul>Personal Competences<ul><li>Excellent technical and analytical skills</li><li>Attention to detail</li><li>Good communication skills</li><li>Self-motivated and pro-active</li><li>Ability to work autonomously</li><li>Flexible</li><li>Innovative</li><li>Team spirit</li></ul>EducationEssential<ul><li>Recently qualified Actuary / Very nearly qualified</li><li>Good working knowledge of MS Excel, Word and VBA.</li></ul>Desirable<ul><li>Good working knowledge of any of the following: SAS, R, Python, SQL.</li></ul>About usSCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

Are you looking for an opportunity to grow Swiss Re’s business by influencing and executing the long-term strategy? Do you want to contribute to the Southern Africa Life and Health success story?Then your next career step might be as an Associate Client Manager!About the RoleYou will be a Client Manager with a strong emphasis on costing responsibilities and support to senior members of the team, whilst building strong client relationships and taking ownership for individual clients over time. Along with the pricing and client work you will be responsible for key pieces of research work produced by the team.This covers:<ul><li>Advise clients on the full spectrum of Swiss Re products and differentiating solutions to meet their strategic growth aspirations and Swiss Re’s business objectives</li><li>Significant costing responsibility for some of our key individual and group clients, working closely with Senior Marketing Actuaries to bring strong technical expertise to the client</li><li>Building strategic relationships with key client contacts and foster trust and collaboration in all engagements</li><li>Engage and collate data from clients, perform the data analytics and co-present the results of the annual new business volume surveys.</li><li>Own the quote process for assigned opportunities using technical expertise to support costing, review, and approve quotes within own authority</li></ul>About the TeamThe Life &amp; Health Client Markets team is an energized collective, that supports each other diligently to offer excellent service to our existing clients, and also grow our portfolio sustainably. We work hard but smart, and builds in sufficient time to connect, have fun and build our internal and external relationships. We strive to achieve our ambitious targets and celebrate these with as much enthusiasm as we deployed to reach them. We have a dual mandate in wholistically owning the client relationships, but also in owning a significant part of the technical offering for clients.About YouWe are seeking an outstanding client-centric communicator with entrepreneurial mind-set who can balance strong technical skills with a view of the "big picture" and ability to not get stuck in the detail, being cognizant of the longer-term market implications. You also demonstrate pro-active "hunting" attitude and ability to read people and build new relationships.Requirements<ul><li>Student actuary, that is making good progress with their exams, with 1 to 3 years' experience across different functions in the life and health insurance industry</li><li>Actuarial Pricing and product development skills and experience in applying the Actuarial control cycle</li><li>Interest in Customer Engagement and Servicing</li><li>Experience in dealing with complex deals</li></ul>If you are a committed standout colleague with a 'can-do' attitude able to engage with colleagues across the globe, we will be happy to get to know you!We provide feedback to all candidates via email. If you have not heard back from us, please check your spam folder.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. 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, 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.

A new position has arisen within the single risk pricing team in South Africa. This role would suit an Actuarial Analyst who would like to take the next step in their career and broaden their knowledge. It provides the opportunity to work within a diverse, and growing pricing team who oversee a global book of business covering; Property, Energy, Construction, Cyber, War &amp; Terrorism, Marine (Hull, Cargo, &amp; Shipbuilding), and Fine Art &amp; Specie.The job holder will be a key member of the SGP&amp;C Specialty Insurance Single Risks Pricing team supporting business written by SCOR (including SCOR Syndicate) with particular focus on short-tail lines. The work includes: testing and maintaining pricing models, pricing of key individual accounts, large account pricing reviews, working with Underwriters, producing management information reports and conducting pricing related analyses such as model recalibration and portfolio monitoring.This role will not include people management at the beginning but possibly within few months if the situation evolves well as expected.Responsibilities<ul><li>Test and maintain pricing tools</li><li>Ensure pricing models are appropriately calibrated and used appropriately by Underwriters, including rate change calculation.</li><li>Maintenance of existing pricing tools including technical documentation / specifications / change parameter documentation (including impact analysis).</li><li>Actively build relationship with Underwriters and assist in change management (including training) when onboarding Underwriters on to new pricing tools or platforms.</li></ul><ul><li>Pricing and review key individual accounts:</li><li>Analyse and pricing of individual short tail single-risk accounts typically with complex features or high premium.</li><li>Conduct pricing reviews on accounts with high and extreme materiality to ensure that all accounts priced adheres to appropriate pricing review process as defined in Specialty Insurance Pricing Guidelines.</li><li>Provide pricing assistance to Reinsurance Treaty Team during busy periods (such as the 01-Jan renewal season) on various markets</li></ul><ul><li>Portfolio analysis, business planning, recalibration:</li><li>Contribute and manage the annual planning (profitability) review of portfolio (deep-dive) by considering combined ratios, rate levels, inflationary effects, and class of business mix for Specialty Insurance (including SCOR Syndicate).</li><li>Manage and contribute to the annual capital model parametrisation process (Underwriting / Premium Risk), which is concluded in conjunction with Group Risk Management, Capital Modelling Team, and Underwriters.</li><li>Development and maintenance of dashboards and various management information.</li></ul><ul><li>Reporting:</li><li>Contribute to various regulatory tasks such as the Lloyd’s Performance Management Data Return (PMDR), and board reports.</li><li>Regular monitoring and feedback of Underwriter Adjustments, plus pricing strength (adequacy) against the long-term profitability targets.</li><li>Any other ad-hoc reporting requirements.</li></ul><ul><li>People Management:</li><li>no people management at the beginning</li><li>possibly manage a small team of Pricing analysts and/or Cat modellers within few months after the hiring if the situation evolves well as expected.</li></ul>QualificationsRequired experience &amp; competencies<ul><li>Experience:</li><li>Pricing experience in P&amp;C insurance is compulsory (if possible on large corporate risk or London Market)</li><li>Working knowledge of pricing ,capital modelling and reserving processes and techniques.</li><li>Strong analytical skills and ability to manipulate or handle large datasets.</li><li>Experience using R, Python, R-Shiny, or any other programming languages in commercial environment desirable but not compulsory.</li><li>Personal Competencies:</li><li>Highly motivated and driven individual with excellent analytical and problem-solving skills</li><li>Effective communication and collaboration skills with excellent interpersonal verbal and written skills that enables the candidate to communicate with colleagues from non-actuarial team</li><li>Strong organisational and time management skills required</li><li>Self-starting individual and excellent team player</li><li>Stays up to date with new/emerging knowledge in actuarial pricing as well as in respect of major market and underwriting related issues.</li><li>Has a commercial outlook but with a principled stand where required and contributes to create viable and innovative solutions that outperform competitors and differentiates SCOR.</li><li>Education</li><li>Nearly / Newly qualified actuary from a recognised actuarial organisation</li><li>Degree in Mathematics, Actuarial Science or any other scientific discipline (Statistics, Physics, etc.)</li></ul>About usSCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

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

About the role:We are offering an exciting opportunity for an intellectually curious, highly motivated and passionate actuary in our Swiss Re Europe, Middle East and Africa Medical Insurance Products team in Cape Town. You will play an important role in providing high quality actuarial support to help grow the Medical Insurance business in Africa, Middle East and Europe. As a member of the Europe, Middle East and Africa Medical Insurance Products team, you will contribute to the development of innovative, market leading health reinsurance solutions and positively impact critical business and societal challenges.Specific responsibilities of this role include but are not limited to the following:1. Pricing and steering of existing and new business<ul><li>Perform day-to-day pricing, monitoring and benefit design for the relevant target markets.</li><li>Support clients with the benefit design and pricing of products.</li><li>Assume a proactive approach and critical reviews of pricing, benefit design and in steering of existing and new business.</li><li>Participate in client meetings, to understand client's needs, share our view of results and jointly steer the business together with our client partners.</li><li>Assist in identifying and driving risk management interventions that will help our clients to limit the increase in cost of healthcare expenditure.</li><li>Reviewing and approving within given authority group quotes our clients refer to us.</li></ul>2. Control and Monitoring process<ul><li>Assist with the production of monitoring reports for both internal and external use, to ensure that the performance of our different clients is tracked regularly.</li><li>Analysing reports and noting emerging trends and problems, as well as giving inputs on their successful resolution.</li></ul>About you:<ul><li>A qualified or nearly qualified actuary</li><li>A minimum of 4 years’ experience of which at least 3 years in a healthcare actuarial role</li><li>Experience in medical insurance is crucial, with understanding of pricing, monitoring and benefit design with modeling as beneficial</li><li>Excellent understanding of the South African healthcare and/or the broader African medical insurance markets, competitors, market trends and dynamics</li><li>Experience in developing, emerging medical insurance markets in Africa would be an advantage</li><li>Experience study and costing bases skills across Africa are highly preferential</li><li>Excellent analytical, problem solving and independent decision-making abilities</li><li>Good working experience with Microsoft Excel, Word and PowerPoint</li><li>Good working experience with SQL-based programs</li><li>Experience with SAS will be an advantage</li><li>Experience in people, project and process management</li><li>Strong customer focus with strong negotiation skills</li><li>Excellent inter-personal, communication and presentations skills</li></ul>We are looking forward to meeting you! 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, 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.

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