Johannesburg

Part Qualified

Qualified

Senior Actuary

Life

Investments

Health

Pensions

Property & Casualty

Reserving

Reporting

Reinsurance

Risk

Python

Modelling

Experience Analysis

Coding

Pricing

Valuation

Longevity

Consulting

Excel

Power BI

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.

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>

Terms of Trade Actuarial AnalystCompany: Munich ReLocation: Johannesburg, South AfricaCareer Level: 3We are looking for an Actuarial Analyst for our Terms of Trade Team reporting to the Head of Experience Analysis and Terms of Trade in the Life Department.Are you a nearly qualified or fully qualified Actuary who enjoys being part of a team of highly skilled and motivated colleagues? Are you able to relate well to people from different backgrounds and cultures? Do you enjoy working with large data sets to derive assumptions? If you answered yes to the above then this might be the opportunity for you.Your Role:<ul><li>Update and maintain all Terms of Trade for MRoA</li><li>Maintain the highest standard of technical competence & ensuring global and local guidelines are followed</li><li>Work with the regional office to determine Terms of Trade</li><li>Support overall Life Business strategy & risk management</li><li>Communicate with retail and group pricing teams as well as the valuations team on assumption setting</li><li>Partner with business to provide valuable insight to influence strategy and long term decision making</li></ul>Your Profile:<ul><li>TASSA/equivalent actuarial qualification or nearly qualified Actuary</li><li>2+ years’ experience deriving assumptions and/or doing experience studies</li><li>Work with complex data and work in a team environment</li><li>Experience with the South African life insurance products and market dynamics</li><li>Numerical, statistical and analytical skills</li><li>Excellent programming skills in actuarial/statistical programming languages</li><li>VBA/Excel</li><li>SQL Server</li><li>R/Python or any relevant software programme</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>Global Mobility</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.

Life Actuarial Pricing AnalystCareer Level: 3Company: Munich ReLocation: Johannesburg, South AfricaWe are looking for an Actuarial Analyst for our Technical Pricing Team which falls under the Life Retail Product and Pricing department. The Life Retail Product and Pricing department ensures profitable reassurance business across South Africa and Sub Saharan Africa. This adds to the value of new business and embedded value by pricing appropriately, monitoring experience and managing new product innovations.Established in 1968, Munich Reinsurance Company of Africa serves life and non-life reinsurance clients across the Sub-Saharan Africa from our hub in Johannesburg. Together with our colleagues globally, we influence, collaborate and can be relied on to tackle the world’s most pressing challenges.Your Role:<ul><li>Perform experience reviews and pricing for all regions</li><li>Price new business, new initiatives and product development</li><li>Ensure that Munich Re’s actuarial and risk management standards are met</li><li>Lead/participate in various projects undertaken by the life team such as tenders, specific client projects and experience analyses</li><li>Coordinate and collaborate with client managers, underwriting, claims, valuations and operations to deliver product propositions</li><li>Support the client management strategy e.g. perform research for and accompany client managers as the pricing expert</li><li>Support Head of the Retail Pricing team and the Head of the Retail team in providing high quality actuarial consulting service to clients in the area of pricing, product development and risk management</li><li>Ensure optimal process efficiency</li></ul>Your profile:<ul><li>4+ years relevant experience in Life reinsurance or insurance business</li><li>Newly or nearly qualified actuary</li><li>Pricing experience with sound technical understanding of Life products including mortality and morbidity rate setting and experience</li><li>Good experience with actuarial modelling packages, Excel, VBA, SQL, Power BI</li><li>Good verbal, communication, presentation and negotiation skills</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.

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 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.

<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>

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