Cape Town

Johannesburg

Sandton

Associate

Qualified

Senior Actuary

Life

Investments

Health

Pensions

Property & Casualty

Products

Reserving

Reporting

Reinsurance

Risk

Python

Modelling

Data Science

Experience Analysis

Coding

Pricing

Valuation

Capital

Consulting

Excel

Marketing

Marine

Senior Actuary: Structured Solutions PortfolioCompany: Munich ReLocation: Johannesburg, South AfricaCareer Level: 4We are looking for a Senior Actuary in our top performing Life Structured Solutions Team to manage the high growth, multi-billion rand structured solutions portfolio. You will report directly to the Head of Structured Solutions Munich Reinsurance Africa Branch (MRAB) and closely collaborate with the Regional Structured Solutions Team covering the Asian Pacific, Middle Eastern and African regions. This role does not include any direct reports.Your Role:<ul><li>Manage the financial performance of MRAB’s Structured Solutions reinsurance treaties.</li><li>Identify and implement improvements to the financial and risk management processes monitoring the in-force reinsurance portfolio, ensuring the infrastructures meet our evolving business needs.</li><li>Perform experience and other investigations on the portfolio and make sound risk and profitability management recommendations.</li><li>Coordinate with valuation teams, accounting teams, Regional Structured Solutions team and central units to fulfill the ongoing monitoring and reporting requirements.</li><li>Support the quarterly and annual Solvency II, IFRS and local statutory reporting (if applicable) of LH2 financial reinsurance transactions.</li><li>Provide up-to-date insights on the regulatory, market and economic factors that affect the performance of MRAB’s Structured Solutions portfolio.</li><li>Ensure compliance with the relevant regulatory requirements of the portfolio and the Munich Re Group standards.</li><li>Train and develop MRAB Structured Solutions team in the fields of risk and profitability management.</li><li>Senior contributor to the development and implementation of MRAB Structured Solutions strategy goals.</li></ul>Your Profile:<ul><li>Actuarial Qualification: Fellowship of a recognised Actuarial Society.</li><li>Minimum of 10 years’ experience in life insurance, reinsurance, actuarial consulting, corporate actuarial, financial reporting or life insurance auditing. Experience in insurance capital management or investment market analysis will be beneficial.</li><li>Technically strong in accounting, financial reporting and actuarial concepts.</li><li>Sound understanding of Life & Health insurance and reinsurance markets in South Africa and other Sub-Saharan African markets.</li><li>Detailed knowledge in insurance and financial services regulatory requirements and insurance accounting standards.</li></ul>Our Benefits:<ul><li>Life and Health Benefits</li><li>Retirement Benefits</li><li>Hybrid working environment</li><li>Bonus Scheme</li><li>Employee Assistance Program</li></ul>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.

Excellent opportunity for an experienced P&amp;C reserving actuary to further develop his/her career within an international business environment. This position is embedded in the Swiss Re Corporate Solutions Actuarial Management team based in Zurich, which is part of the Swiss Re Group Risk Management.About the roleAre you an experienced P&amp;C reserving actuary? Join us and continue your professional development in one of the most respected insurance companies on the market!Your focus 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) as well as the valuation of the best estimate technical provisions.Your responsibilities:<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>Support the calculation of local technical provisions under IFRS 17.</li><li>Closely cooperate with internal colleagues (Finance/Accounting, Claims, Underwriting, Pricing) including quarterly reporting on key issues to provide early warning signals to senior management.</li><li>Manage 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 IFRS 17 actuarial process developments.</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. Our team is responsible for determining the technical provisions at adequate levels meeting all local statutory as well as IFRS 17 requirements for the region Europe and Middle East. In addition, we also support Swiss Re Group in all actuarial risk management aspects with respect to Swiss Re Corporate Solutions.About YouWe are looking for:<ul><li>P&amp;C reserving actuary with preferably more than 4 years P&amp;C insurance experience across reinsurance or direct insurance.</li><li>Excellent understanding of capital calculations under the Solvency Assessment and Management (SAM) including the ability to develop corresponding tools from scratch.</li><li>Strong understanding of and experience with IFRS 17 financial principles and reserving methods for P&amp;C re/insurance business.</li><li>Experience in using actuarial and statistical software (for example SAS, R).</li></ul>We are seeking a highly motivated individual with strong interpersonal and communication skills to join our team. The ideal candidate will be able to effectively prioritize tasks and work proactively in a dynamic environment.With an integrative personality, you should have the ability to collaborate successfully with colleagues from diverse backgrounds and personal styles. If you are someone who thrives in a team-oriented environment and is driven by a proactive attitude, we would love to hear from you.We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment.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.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, 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 are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.Keywords:Reference Code: 132706

Description of the role and purpose of the job:Seeking a dynamic individual with highly quantitative skills within the actuarial team, advanced academics, and strong communication skills to manage engagements and take responsibility for deliverables.Key responsibilities:<ul><li>Overseeing the development and validation of actuarial models for provisioning and regulatory capital calculation purposes.</li><li>Managing client engagements or components of large scale engagements, as well as individually contributing quality work on the engagement.</li><li>Providing technical knowledge, direction, and training to people, coordinating engagement management, and effectively utilizing resources as appropriate.</li><li>Managing engagements to consistently achieve specific revenue and profit objectives and deliver quality outcomes while meeting agreed deadlines.</li><li>Day-to-day management of the team on engagements, including coaching and providing constructive feedback.</li><li>Increasing focus on business development, building on networks across the practice and people development activities, to manage and develop external client relationships.</li><li>Taking responsibility for the seamless delivery of internal projects/services, managing others, and influencing key stakeholders.</li></ul>Skills and attributes required for the role:<ul><li>An undergraduate qualification in a quantitative discipline such as Mathematics, Statistics, Actuarial or similar.</li><li>Qualified Actuary.</li><li>Relevant experience within an insurer or consultancy business is desirable with at least 8 or more years of experience.</li><li>Coding skills (e.g. SAS, Python, R, etc.) would be an advantage.</li><li>Experience in leading projects is desired.</li><li>Experience in current hot actuarial topics such as IFRS 17, ESG, big data, and wider advisory engagements is desirable.</li><li>Other competencies that would be desired:</li><ul><li>Critical Analytical Thinking</li><li>Business Acumen</li><li>Strong Communication Skills with the ability to articulate quantitative concepts to both technical and non-technical individuals</li><li>Must be resilient</li><li>Must be a team player</li><li>Ability to cope with and work under pressure</li></ul></ul>Minimum requirements to apply for the role:<ul><li>An undergraduate qualification in a quantitative discipline such as Mathematics, Statistics, Actuarial or similar.</li><li>Relevant experience within an insurer or consultancy business is desirable with at least 8 or more years of experience.</li><li>Qualified Actuary.</li></ul>

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.

This role requires an actuary who can combine pricing skills, strong data analysis, with good project and stakeholder management. Are you someone who leads and ensures consistent application of sound actuarial principles but is also willing to challenge the status quo? You will interact with a broad range of stakeholders across the Life and Health business and work in a global, cross-functional project team. This role is based in the Global Underwriting &amp; Claims &amp; R&amp;D team but will also have close links into the Chief Pricing Office.About the Role<ul><li>Be a part of driving key strategic projects such as metabolic health, and health and wellness.</li><li>Drive the pricing and data analysis for the R&amp;D focused projects</li><li>Consult different market units on innovative opportunities and act as a sounding board for their actuarial considerations.</li><li>Help to drive forward actuarial thought leadership via project management, content creation and conference participation.</li><li>Act as an actuarial support for other key innovation projects such as AI, fraud and sustainability.</li><li>Collaborate with different MUs to develop their propositions through access to our global datasets.</li></ul>About the TeamThe Global UW &amp; Claims Innovation and Analytics team is an exciting global team within the Chief Underwriting Office. We're a cross functional team of underwriters, claims experts, actuaries, innovation and analytics experts with the remit to deliver projects or initiatives at a market or multiple-market level to improve the way we and/or our clients underwrite and manage claims. Our aim is to consult and engage with the Market Units (MUs) and clients to help deep-dive into, progress and deliver their initiatives by providing advice, technical support, global data insights and thought leadership aimed to improve client and customer outcomes. We also explore emerging technologies (including generative AI) and trends to develop new tools and services.About YouWe are looking for an open-minded, trustworthy and enthusiastic team player who can constructively and respectfully engage in challenging conversations. To be successful, you need to have strong communication, negotiation and analytical skills. Are you at ease with leaving the comfort zone and performing under pressure? Do you consider yourself to be a "self-starter", able and willing to take initiative and implement measures in a goal-oriented manner with:<ul><li>Degree in mathematics, statistics, actuarial science or related field with proven mathematical skills and analytical ability – an enhanced understanding of statistical methods is preferred.</li><li>At least 3+ years of actuarial experience and strong knowledge of actuarial concepts and principles</li><li>Pro-active in driving projects forward and identifying opportunities for improvements.</li><li>Resourceful in overcoming barriers, adopting a consultative approach as necessary.</li><li>Ability to review analytical results, derive recommendations and communicate implications to all stakeholders.</li><li>Strong analytical skills and a good understanding of datasets / databases.</li></ul>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.

Senior Structured Solutions ActuaryCompany: Munich ReLocation: Johannesburg, South AfricaYour Business Unit:The MRoA Structured Solutions business unit is the leading player in the Sub-Saharan region that develops tailored cash financing, profitability management, and capital optimization reinsurance solutions for its life assurance clients.Your Team:The MRoA Structured Solutions Team is an experienced and highly qualified team of professionals with multiple skills (Capital Management, Reinsurance Pricing, Investment Management & Research, Investment Banking, Actuarial) that designs, markets, and implements innovative reinsurance solutions to insurers in the Sub-Saharan region. The candidate will join this top-rated and highly skilled team in a senior role. The role will also collaborate closely with the Regional Structured Solutions team covering the Asian Pacific, Middle Eastern, and African regions.Your job:Are you passionate about developing innovative solutions that increase financial growth for our clients? As the Senior Actuary for MRoA – Structured Solutions, you will play a pivotal role in helping our clients achieve their business goals. Reporting to the Head of MRoA Structured Solutions, you will have the following key accountabilities:Solution Development & Drive to Close Deals<ul><li>Analyze the financial, trading, and regulatory environment in which the life assurance clients operate to identify areas where structured reinsurance solutions support the client's strategic objectives.</li><li>Develop innovative financial solutions that are compliant with regulatory requirements and Munich Re’s risk appetite to help clients achieve their business plans.</li><li>Provide insights that enhance the MRoA Structured Solutions team & Regional Structured Solutions teams’ understanding of the Sub-Saharan region markets, identify potential business opportunities considering regulatory/accounting trends.</li><li>Partner and coordinate with the Regional Structured Solutions team to design and develop the best solutions for clients.</li><li>Perform actuarial pricing of large/complex structured reinsurance quotes.</li><li>Review actuarial pricing carried out by team members while balancing commercial and customer value.</li><li>Lead the end-to-end project implementation, including negotiating contract terms (including but not limited to pricing) with best efforts to close profitable deals within defined deadlines.</li><li>Assume a leading role in the technical due diligence and actuarial technical matters to ensure Munich Re Group’s standards are met in all pricing activities carried out by the MRoA Structured Solutions team.</li></ul>Client Management & Business Development<ul><li>Actively drive acquisition of new business from new and existing clients.</li><li>Be the first point of contact for clients by building sound relationships supporting ongoing client management (e.g. coordinate accounts, updating clients on market development, clarification with clients on various aspects of a transaction etc.).</li><li>Prepare professional presentations that are customized to be solution-oriented to the needs and requirements of clients.</li></ul>Contribute to Team Growth<ul><li>Support Head MRoA Structured Solutions to drive the highest standard of technical competences in MRoA Structured Solutions team & ensure Munich Re Group’s guidelines are followed.</li><li>Drive process improvements and offer training support to improve MRoA Structured Solutions team’s expertise.</li><li>Monitor the financial performance of MRoA Structured Solution’s reinsurance treaties.</li><li>Participate in ad-hoc projects based on business priorities.</li></ul>Your profile:We are looking for a high caliber, results-driven, and independent professional with a strong commitment to quality and timely delivery of business results.Minimum Qualifications:<ul><li>Actuarial qualification: Fellowship of a recognized Actuarial Society.</li></ul>Minimum Experience:<ul><li>10+ years of experience in an insurance, reinsurance, actuarial consulting, or corporate actuarial role. Experience in capital management or investment market analysis will be beneficial.</li><li>Strong familiarity with accounting, finance, and actuarial concepts.</li></ul>Job-Specific Knowledge & Skills:<ul><li>Sound understanding of life and health insurance and reinsurance in South Africa and other Sub-Saharan markets.</li><li>Strong knowledge in insurance and financial regulatory requirements and accounting standards.</li><li>Experience in client management and business development.</li><li>Distinct problem-solving skills, creativity, critical thinking, and focus on achieving business results.</li><li>Excellent interpersonal and communication skills.</li><li>Excellent technical actuarial skills.</li><li>Strong presentation and negotiation skills.</li><li>A team player with a “can-do” attitude.</li><li>Good command of actuarial modeling packages and MS Office suite (PowerPoint, Excel, Word).</li></ul>Our Benefits:<ul><li>Life and Health Benefits.</li><li>Retirement Benefits.</li><li>Hybrid working environment.</li><li>Bonus Scheme.</li><li>Employee Assistance Program.</li><li>Wellness Programs.</li><li>Global Mobility.</li></ul>You will work in an environment where we aspire to think big:Change and culture are challenged. We communicate a compelling and shared purpose and direction. We pave the way towards success and see failure as learning.You are going to experience that we care & dare:We are empathetic. We know when to lead and know when to let others lead. We attract, grow, and coach future leaders.We aim to communicate in a clear & authentic way:We solicit feedback, ask and listen, learn and unlearn.You will grow with your clients:Whatever our role, we support business, in a thoughtful way, to create value for our clients. We embrace new ways of working applying digitalization to provide solutions.We lead the We:We have a passion for winning and growing as a team. We inspire people to deliver a joint performance. We create an inclusive environment where different thoughts, generations, cultures, and experiences are valued and encouraged.About Munich Re:Founded in 1880, Munich Re Group is one of the world's leading providers of primary insurance, reinsurance, and insurance-related risk solutions. As pioneers in risk assessment, we promote the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber-attacks, from high net worth individual life cover to a pandemic, we take care of risk so our clients can take care of their business.Disclaimer:At Munich Re, we embrace and value the interaction of diverse backgrounds, experience, perspectives, and thought. This interaction is the foundation of our open culture, spirit of partnership, of how our teams are built and cultivated, and of how we are supported and developed. And at the center of this interaction is each of us.

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.

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.

Job title/position: Senior Manager: FRM Actuarial and Insurance RiskDescription of the role and purpose of the job: Seeking a dynamic individual with highly quantitative skills within the actuarial team, advanced academics, and strong communication skills to manage engagements and take responsibility for deliverables. The role will be for actuarial senior manager (level B2).Key responsibilities:<ul><li>Overseeing the development and validation of actuarial models for provisioning and (regulatory) capital calculation purposes.</li><li>To take responsibility for managing client engagements or components of large scale engagements, as well as individually contributing quality work on the engagement.</li><li>Provides technical knowledge, direction and training to people, coordinates engagement management and effectively utilises resources as appropriate.</li><li>Manages engagements to consistently achieve specific revenue and profit objectives and deliver quality outcomes and consistently meet agreed deadlines.</li><li>Day-to-day management of team on engagements, including coaching and providing constructive feedback.</li><li>Increasing focus on business development, building on networks across the practice and people development activities, to manage and develop external client relationships through direct business development activity and internal people/resource management. Take responsibility for the seamless delivery of internal projects/services, managing others and influencing key stakeholders.</li></ul>Skills and attributes required for the role:<ul><li>An undergraduate qualification in a quantitative discipline such as Mathematics, Statistics, Actuarial or similar.</li><li>Qualified Actuary</li><li>Relevant experience within an insurer or consultancy business is desirable with at least 8 or more years of experience.</li><li>Coding skills (e.g. SAS, Python, R, etc.) would be an advantage.</li><li>Experience in leading projects desired.</li><li>Experience in current hot actuarial topics such as IFRS 17, ESG, big data and wider advisory engagements desirable.</li><li>Other competencies that would be desired:</li><ul><li>Critical Analytical Thinking</li><li>Business Acumen</li><li>Strong Communication Skills with ability to articulate quantitative concepts to both technical and non-technical individuals</li><li>Must be resilient</li><li>Must be a team player</li><li>Ability to cope with and work under pressure</li></ul></ul>Minimum requirements to apply for the role (including qualifications and experience):<ul><li>An undergraduate qualification in a quantitative discipline such as Mathematics, Statistics, Actuarial or similar.</li><li>Relevant experience within an insurer or consultancy business is desirable with at least 8 or more years of experience.</li><li>Qualified Actuary</li></ul>

About the roleHead of Actuarial will be responsible for managing the actuarial function for AIG SA. He/she will be responsible for supporting the business in respect of the assessment of premiums, rate change, reserve adequacy and support the management of all insurance related risks especially Catastrophic Events and the optimization of the Reinsurance structure.<ul><li>Manage the Technical Provision process including calculation, documentation, validation, communication and future development.</li><li>Manage processes, procedures and metrics to enable the business to monitor, assess and control the requirements of the SAM Framework with respect to underwriting policy, pricing and product development.</li><li>Manage the actuarial elements of the budget and planning process including supporting profit study process, derivation and validation of budget assumptions, ensuring that the budgeting process is in line with the risk appetite and strategy.</li><li>Assist in model validation of Standard Model for SCR and MCR calculations, in accordance with the Directive and associated guidance as well as provide technical support for the Own Risk and Solvency Assessment.</li><li>Manage, produce, document and report opinions on the adequacy of reinsurance arrangements and align/implement a reinsurance strategy in line with Solvency requirements.</li><li>Mentoring and guiding of junior actuarial staff</li><li>Interaction with relevant departments in AIG (Commercial, Consumer, Claims etc)</li><li>Support Business Units with Portfolio Analysis and Management</li></ul>What we’re looking for:<ul><li>Bachelor or Master’s Degree in Actuarial Science, Mathematics, Statistics or equivalent</li><li>Completed or almost completed professional examinations from the Institute and Faculty of Actuaries SA, or equivalent recognized qualification.</li></ul>Experience<ul><li>At least 5 years short term insurance industry knowledge and experience as an Actuary</li></ul>Skills and Competencies<ul><li>Strong quantitative skills</li><li>Strong actuarial skills (Reserving, Pricing, Reinsurance)</li><li>Good knowledge of Finance</li><li>Strong analyst ability</li><li>Good communication skills in English both written and spoken.</li><li>Strong responsibility for the task in hand.</li><li>Deadline driven with attention to detail. Organizational ability</li><li>Be proactive.</li><li>Knowledge of SAS, R and Python is preferable.</li></ul>We are an Equal Opportunity EmployerAmerican International Group, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories such as sexual orientation.At AIG, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.AIG is committed to working with and providing reasonable accommodations to job applicants and employees with physical or mental disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to complete any part of the application or hiring process, please send an email to candidatecare&#64;aig.com. Reasonable accommodations will be determined on a case-by-case basis.Preference will be given to previously disadvantaged candidates in line with the company’s Employment Equity Plan. Specific preference will be given to people with disabilities.

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.

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 a highly motivated, dynamic actuary in our Life and Health Middle East &amp; Africa (MEA) Pricing team in Cape Town. As a member of the Europe, Middle East and Africa (EMEA) hub you will develop innovative, market leading reinsurance solutions for the Middle East &amp; Africa markets, working collaboratively with local and global experts throughout Swiss Re.This is a client facing role: you will work closely with clients to understand their needs and deliver efficient solutions for them and for Swiss Re. You will apply your technical skills in a dynamic environment, thinking creatively to shape solutions to a broad range of challenges. You will also contribute to Swiss Re's wider market presence, including presenting at external events.Responsibilities may vary and can include the following:<ul><li>Lead or support the development and review of pricing bases and reinsurance terms for new and established products</li><li>Perform data analyses relating to emerging claims experience</li><li>Monitor performance of our reinsurance portfolio in conjunction with our reporting and experience studies teams</li><li>Collaborate cross-functionally with clients and external partners on pricing and product development opportunities</li><li>Depending on experience, own and drive thought leadership and provide guidance to others</li></ul>Are you looking for an adventurous role, where you can demonstrate both technical, commercial, and personal leadership capability? Then this is for you!About the TeamOur Cape Town based MEA Pricing team operates within L&amp;H Hub EMEA, and within the UKI &amp; MEA Pricing unit in particular. The team delivers reinsurance pricing across a wide range of products in the Middle East &amp; Africa markets. We work cross-functionally with our colleagues in client management, underwriting, claims and reporting teams, as well as our counterparts within the broader EMEA region. Rotations and ad hoc support between the UK and MEA Pricing teams encourage continuous learning and career development, whilst bringing added perspective to our clients.This team is diverse but with a strong sense of community. The work is demanding, but we like to have fun too. We are committed, curious and supportive of one another. We offer a flexible working environment where curious and adaptable people thrive.About you:<ul><li>Qualified actuary (FASSA or equivalent) or partially qualified actuary with approximately 4 to 8 yrs experience</li><li>Pricing experience, and/or familiarity with reinsurance structures and South Africa or UK retail protection market preferred</li><li>Excellent knowledge of relevant actuarial and statistical models (where R and GLM skills would be an advantage)</li><li>Strong customer focus with excellent inter-personal, communication, and influence skills</li><li>Highly motivated with the ability to produce accurate, high-quality work, under pressure, managing multiple priorities</li><li>An absolute team player, who is equally comfortable independently owning results and driving projects to execution</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, 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 the Role:We are offering an exciting opportunity for a highly motivated, dynamic actuary in our Life and Health Middle East &amp; Africa (MEA) Pricing team in Cape Town.As a member of the Europe, Middle East and Africa (EMEA) hub you will develop innovative, market leading reinsurance solutions for the Middle East &amp; Africa markets, working collaboratively with local and global experts throughout Swiss Re.This is a client facing role: you will work closely with clients to understand their needs and deliver efficient solutions for them and for Swiss Re. You will apply your technical skills in a dynamic environment, thinking creatively to shape solutions to a broad range of challenges. You will also contribute to Swiss Re's wider market presence, including presenting at external events.Responsibilities may vary and can include the following:<ul><li>Lead or support the development and review of pricing bases and reinsurance terms for new and established products</li><li>Perform data analyses relating to emerging claims experience</li><li>Monitor performance of our reinsurance portfolio in conjunction with our reporting and experience studies teams</li><li>Collaborate cross-functionally with clients and external partners on pricing and product development opportunities</li><li>Depending on experience, own and drive thought leadership and provide guidance to others</li></ul>Are you looking for an adventurous role, where you can demonstrate both technical, commercial, and personal leadership capability? Then this is for you!About the Team
Our Cape Town based MEA Pricing team operates within L&amp;H Hub EMEA, and within the UKI &amp; MEA Pricing unit in particular.The team delivers reinsurance pricing across a wide range of products in the Middle East &amp; Africa markets. We work cross-functionally with our colleagues in client management, underwriting, claims and reporting teams, as well as our counterparts within the broader EMEA region.Rotations and ad hoc support between the UK and MEA Pricing teams encourage continuous learning and career development, whilst bringing added perspective to our clients.This team is diverse but with a strong sense of community. The work is demanding, but we like to have fun too. We are committed, curious and supportive of one another. We offer a flexible working environment where curious and adaptable people thrive.About you:<ul><li>Qualified actuary (FASSA or equivalent) with approximately 4 to 8 yrs experience</li><li>Pricing experience, and/or familiarity with reinsurance structures and South Africa or UK retail protection market preferred</li><li>Excellent knowledge of relevant actuarial and statistical models (where R and GLM skills would be an advantage)</li><li>Strong customer focus with excellent inter-personal, communication, and influence skills</li><li>Highly motivated with the ability to produce accurate, high-quality work, under pressure, managing multiple priorities</li><li>An absolute team player, who is equally comfortable independently owning results and driving projects to execution</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, 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.

About the roleAre 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 East and West Africa Life and Health success story?Then your next career step might be as a Marketing Actuary!You will be Marketing Actuary with a strong emphasis on costing responsibilities, whilst building strong client relationships and taking ownership for individual insurance and reinsurance clients in the East and West African markets. This includes liaising with intermediaries such as brokers.This covers:<ul><li>Effective servicing approach to market by not only understanding client needs, but also have a great understanding of internal resources needs and capacity</li><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 clients, working closely with the Southern Africa clients markets team to bring strong technical expertise to the client and to grow the portfolio</li><li>Client management responsibilities for Health Insurance clients and collaboration with the medical reimbursement products team</li><li>Building strategic relationships with key client contacts and foster trust and collaboration in all engagements</li><li>Own the quote process for assigned opportunities using technical expertise to support costing, review, and approve quotes within own authority</li><li>Responsible to run the costing for quotes up to their authority level</li><li>Market visits to clients in East and West Africa including representing Swiss Re in relevant market events and forums</li><li>Owning the development and implementation of market strategy in East and West Africa on L&amp;H including a view of optimal deployment of resources</li><li>Originate new opportunities/business in Core, Solutions and Transactions</li><li>Collaborate with the Swiss Re sustainability team to drive and contribute to sustainability initiatives in the region</li></ul>Our team:The 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 serviced under the CMCA (Client Manager with Costing Authority) framework.Requirements<ul><li>Qualified actuary with 3-5 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>An understanding of Sub-Saharan African markets including exposure to major economies in the region</li><li>Interest in innovation in the insurance value chain and in product development</li><li>Exposure to different cultures and ways of working</li><li>Pro-active "hunting" attitude and ability to read people and build new relationships</li><li>Ability to not get stuck in the detail and to see the bigger picture, being cognizant of the longer-term market implications</li><li>Excellent communication skills, both oral and written, and ability to influence the wider cross functional team and present a business case to senior management</li><li>Be an encouraging team-player contributing to the business unit across multiple fields.</li><li>Understanding of business French would be an added advantage.</li></ul>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.

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.

<div>About Swiss Re Corporate Solutions Swiss 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, 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. About the roleAre you experienced P&amp;C actuary? Join us and continue your development in one of the most respected companies on the market!Your focus 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 the best estimate technical provisions.Your responsibilities:<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 internal colleagues (Finance/Accounting, Claims, Underwriting, Pricing) including quarterly reporting on key issues to provide early warning signals to senior management</li><li>Manage 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. Our team is 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, we also support Swiss Re Group in all actuarial risk management aspects with respect to Swiss Re Corporate Solutions.About You<ul><li>Qualified P&amp;C actuary with preferably more than 5 years post-qualification P&amp;C insurance experience across reinsurance or direct insurance</li><li>Excellent understanding of capital calculations under the Solvency Assessment and Management (SAM) including the ability to develop corresponding tools from scratch</li><li>Strong understanding of US GAAP and IFRS 17 financial principles and reserving methods for P&amp;C re/insurance business</li><li>Strong interpersonal &amp; communication skills</li><li>Ability to prioritize</li><li>Integrative personality with the ability to successfully work together with different personal styles and cultures</li><li>Proactive attitude</li></ul>We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.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. We provide feedback to all candidates via email. If you have not heard back from us, please check your spam folder.</div>

About Swiss Re



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Swiss 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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About the role



We are offering an exciting opportunity for a highly motivated, dynamic actuary in our Life and Health Middle East &amp; Africa (MEA) Pricing team in Cape Town.

 

As a member of the Europe, Middle East and Africa (EMEA) hub you will develop innovative, market leading reinsurance solutions for the Middle East &amp; Africa markets, working collaboratively with local and global experts throughout Swiss Re.

 

This is also a client facing role: you will work closely with clients to understand their needs and deliver optimal solutions for them and for Swiss Re. You will apply your technical skills in a dynamic environment, thinking creatively to shape solutions to a broad range of challenges. You will also contribute to Swiss Re's wider market presence, including presenting at external events.

 

Responsibilities may vary and can include the following

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	Lead the development and review of pricing bases and reinsurance terms for new and established products
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	Collaborate cross-functionally with clients and external partners on pricing and product development opportunities
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	Monitor performance of our reinsurance portfolio in conjunction with our reporting and experience studies teams
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	Represent the MEA Pricing team within Swiss Re's wider EMEA Hub pricing community and maintain stakeholder relationships (alongside internal reporting)
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	Depending on experience, own and drive thought leadership and provide guidance to others
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Are you looking for an adventurous role, where you can demonstrate both technical, commercial, and personal leadership capability? Then this is for you!

 

About the team



Our Cape Town based MEA Pricing team operates within L&amp;H Hub EMEA.

The team delivers reinsurance pricing across a wide range of products in the Middle East &amp; Africa markets. We work cross-functionally with our colleagues in client management, underwriting, claims and reporting teams, as well as our counterparts within the broader EMEA region.

 This team is diverse but with a strong sense of community. The work is demanding, but we like to have fun too. We are committed, curious and supportive of one another. We offer a flexible working environment where curious and adaptable people thrive.

 

About You



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	Qualified actuary (FASSA or equivalent) with approximately 4 to 8 yrs experience, including 2+ years post-qualified
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	Exceptional performance record – academically and on the job – with notable leadership potential
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	Appetite for a multi-dimensional role that balances technical strength with client management and consulting
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	Excellent knowledge of relevant actuarial and statistical models (where R and GLM skills would be an advantage)
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	Pricing experience, and/or familiarity with reinsurance structures and South Africa retail protection market preferred
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	Strong customer focus with excellent inter-personal, communication, and influence skills
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	Highly motivated with the ability to produce accurate, high-quality work, under pressure, managing multiple priorities
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	An absolute team player, who is equally comfortable independently owning deliverables and driving projects to execution
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</ul>

 

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of religion, gender, including gender identity or expression, sexual orientation, age, marital status, veteran status, or disability status.



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.
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Reference Code: 116318 


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