Cape Town

Johannesburg

Graduate

Associate

Qualified

Senior Actuary

Life

Investments

Health

Pensions

Property & Casualty

Products

Reinsurance

Risk

Coding

Pricing

Consulting

Excel

Marketing

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.

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.

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



<div>
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

<ul type="disc">
	<li class='job-list'>
	Lead the development and review of pricing bases and reinsurance terms for new and established products
	</li>
	<li class='job-list'>
	Collaborate cross-functionally with clients and external partners on pricing and product development opportunities
	</li>
	<li class='job-list'>
	Monitor performance of our reinsurance portfolio in conjunction with our reporting and experience studies teams
	</li>
	<li class='job-list'>
	Represent the MEA Pricing team within Swiss Re's wider EMEA Hub pricing community and maintain stakeholder relationships (alongside internal reporting)
	</li>
	<li class='job-list'>
	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.

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



<ul type="disc">
	<li class='job-list'>
	Qualified actuary (FASSA or equivalent) with approximately 4 to 8 yrs experience, including 2+ years post-qualified
	</li>
	<li class='job-list'>
	Exceptional performance record – academically and on the job – with notable leadership potential
	</li>
	<li class='job-list'>
	Appetite for a multi-dimensional role that balances technical strength with client management and consulting
	</li>
	<li class='job-list'>
	Excellent knowledge of relevant actuarial and statistical models (where R and GLM skills would be an advantage)
	</li>
	<li class='job-list'>
	Pricing experience, and/or familiarity with reinsurance structures and South Africa retail protection market preferred
	</li>
	<li class='job-list'>
	Strong customer focus with excellent inter-personal, communication, and influence skills
	</li>
	<li class='job-list'>
	Highly motivated with the ability to produce accurate, high-quality work, under pressure, managing multiple priorities
	</li>
	<li class='job-list'>
	An absolute team player, who is equally comfortable independently owning deliverables and driving projects to execution
	</li>
</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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Keywords:   
Reference Code: 116318 


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