Cape Town

Johannesburg

Sandton

Graduate

Part Qualified

Associate

Qualified

Senior Actuary

Life

Investments

Health

Pensions

Property & Casualty

Reserving

Reporting

Reinsurance

Risk

Python

Modelling

Experience Analysis

Coding

Pricing

Valuation

Capital

Longevity

Consulting

Excel

ResQ

Power BI

Marine

If you have a passion for niche short-term insurance and possess a strong technical background in the short-term insurance or reinsurance industry, Compass Insure with an office in Johannesburg, South Africa has a role just for you. This position is available on a permanent full-time basis commencing at the earliest possible date as an Actuarial Analyst within the Actuarial & Analytics unit.You can look forward to:<ul><li>Reserving – Assisting with the determination of reserving (and reserving related) inputs for quarterly and annual SAM regulatory and IFRS17 financial statement reporting purposes.</li><li>Group reporting – Assisting with the validation of key reserving inputs for IFRS17 Group reserving as well as financial planning purposes.</li><li>Planning – Assisting with providing key reserving related input for local financial planning/projection purposes.</li><li>Stakeholder engagement – Engaging with key stakeholders surrounding reserving related matters. Participation in IFRS17 and SAM audits together with preparation of audit input and handling of queries where necessary.</li><li>Reporting – Assisting with various reserve reports and analyses to various stakeholders as well as providing input on regulatory returns such as the SAM Quantitative and Qualitative Returns as well as the FSCA’s Conduct of Business Return.</li><li>Data quality management – Assisting with the Compass Insure data quality management function.</li></ul>You come equipped with:<ul><li>Degree in Actuarial Science.</li><li>A minimum completion of ASSA A1 & A2 Technical exams / IFoA equivalent.</li><li>Minimum 3 years of non-life insurance experience (preferably within a reserving role).</li><li>Working knowledge of technical requirements in short term insurance or reinsurance surrounding reserving methodologies and SAM as well as IFRS17 valuation principles.</li><li>Proven track record of the application of actuarial principles and methods.</li><li>Knowledge of the South African Regulatory environment for non-life insurers.</li><li>Demonstrated ability to distil and communicate complex financial information and reports to various parties.</li><li>Ability to critically assess and review own work.</li><li>Computer skills – Advanced MS Office, Intermediate to advanced proficiency in SQL and Power BI. ResQ reserving software knowledge would be advantageous.</li><li>Proficient in English.</li></ul>Employment Equity:Employment Equity South African Citizens as qualified by the Employment Equity Act will be given preference in relation to the company’s Employment Equity Plan. A relevant work permit is required if a foreign national or non-South African citizen applies for the role.What We Offer:Atmosphere: You will find an international working environment with short decision channels, an open feedback culture, and a sense of community shaped by mutual esteem and a readiness to help.Benefits: Structured onboarding, flexible working hours, benefits superior to those of the collective agreement, as well as modern offers for personal development, health management, and work-life balance are just some of our benefits.Prospects: You contribute your specialist and methodological expertise and we offer you fresh input and the opportunity to further develop your potential – including room to come up with innovative ideas and act on them!

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>

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.

Key Duties and Responsibilities<ul><li>Support the calculation and review of US GAAP and IFRS reserves for the AIG entities in Africa;</li><li>Deliver annual and quarterly annual actuarial reserving studies;</li><li>Support the development of processes, procedures, and metrics to enable the businesses to comply with Pillar II of SAM;</li><li>Support the calculation of the SAM Technical Provisions;</li><li>Assist in model validation of Standard Model for SCR and MCR calculations and provide technical support for the Own Risk and Solvency Assessment;</li><li>Support the deliverables and engagement for the annual year-end audit;</li><li>Support in any project or ad-hoc requirements as needed;</li><li>Ensure adherence to audit requirements;</li><li>Ensure adherence to regulatory and compliance requirements.</li></ul>Pricing and portfolio management support<ul><li>Provide country support for business analytics;</li><li>Provide support to budget loss ratio estimates and financial planning;</li><li>Collaborate with local and regional Product teams, Finance, Marketing, Underwriting, Claims, and IT to ensure all useful data elements required for monitoring, pricing, and competitive analysis are complete, accurate, adequate, and timely;</li><li>Coordinate with others within and outside the department on various pricing and data-related projects, as needed;</li><li>Provide support in the development of solutions and corrective action plans in partnership with product leadership with respect to short-term and long-term portfolio strategies, as needed.</li></ul>Reimagining insurance to make a bigger difference to the worldAmerican International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.Welcome to a culture of belongingWe’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions, and goals. We foster a culture of inclusion and belonging through our flexible work arrangements, diversity and inclusion learning, cultural awareness activities, and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.AIG provides 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.AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to candidatecare&#64;aig.com.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.Functional Area:AC - ActuarialEstimated Travel Percentage (%): No TravelRelocation Provided: NoAIG South Africa

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

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.

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.

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

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

Designation: Actuarial AnalystLocation: Cape Town or Johannesburg, South AfricaWe are looking for diverse, bright-minded individuals who are interested in pursuing a career in the actuarial consulting industry to join our dynamic team in South Africa. This is an ideal opportunity to work and collaborate with our team of experts from across the world in a fast-paced, challenging and rewarding environment.Desired experience and professional qualifications:<ul><li>0-1 year of professional experience</li><li>Bachelors or Masters in a relevant field (Actuarial Science, Mathematics, Statistics, Economics, etc.)</li><li>Pursuing actuarial examinations from a recognized professional body/institute</li><li>Additional consideration will be given to individuals from a previously disadvantaged background.</li></ul>Desired competencies:<ul><li>Thorough understanding of actuarial subjects studied thus far</li><li>Keenness to learn and ask questions</li><li>Analytical and communication skills</li><li>Driven and self-motivated</li><li>Basic knowledge of MS Excel or VBA programming</li></ul>About Milliman:Milliman is one of the world’s largest independent professional services firms. Founded in 1947, the firm provides consulting services to clients in four practice areas: healthcare, life insurance and financial services, employee benefits and pensions, and property and casualty insurance. Today, Milliman has more than 4,600 employees, more than $1.38 billion in annual revenue in 2021, and more than 60 offices worldwide.About Milliman South Africa:Our 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.

<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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