Hamilton

Johannesburg

London

Orlando FL

Remote

Rotterdam

Intern

Graduate

Part Qualified

Associate

Qualified

Senior Actuary

Life

Investments

Health

Property & Casualty

Products

Reserving

Reporting

Reinsurance

Risk

Systems

Research

Modelling

Data Science

Experience Analysis

Prophet

Coding

Pricing

Longevity

Excel

Power BI

Company DescriptionLegal & General Reinsurance is a Bermuda-based specialist life reinsurer. We are the global reinsurance hub of Legal & General Group Plc, a multinational financial services company established in 1836. We provide life reinsurance solutions to clients in the UK, Europe, the US, and Canada.Job DescriptionThe role of Senior Reporting Actuary supports the L&G Re performance strategy, focusing on actuarial reporting projects. This includes monthly reporting of annuity and longevity reinsurance business for L&G Re and reporting the L&G Re entity profits and solvency in a timely and accurate manner.This role requires an actuary with reporting experience and the ability to review and challenge the reporting results, methodology, and controls. It also provides actuarial project support for onboarding new business, group-led projects, internal model change projects, investment projects, and other balance sheet management projects.What you'll be doing:<ul><li>Work collaboratively across multiple teams to perform and review actuarial numbers for the company.</li><li>Actuarial bases will include IFRS, Solvency II, EBS, and Liquidity, requiring review and validation of actuarial calculations and supporting new methodologies in response to regulatory changes.</li><li>Collaborate with Group Divisions to maintain and enhance our reporting capabilities, supporting L&G Re's international growth.</li><li>Provide actuarial project support for new business onboarding, group-led projects, and balance sheet management initiatives.</li><li>Prepare insightful reports and analyses for senior management, contributing to strategic decision-making.</li><li>Understand the impact of business strategies that may include longevity, protection/mortality, and non-life reinsurance business for external business and internal retrocession.</li><li>Deliver effective written and verbal communication, including report writing and presenting to all relevant parties to support effective decision-making and manage the smooth and integrated delivery of business objectives.</li></ul>QualificationsWho we're looking for:<ul><li>A fully qualified Actuary.</li><li>A minimum of seven years of relevant experience in the life insurance sector.</li><li>Significant experience and understanding of individual and bulk purchase annuity business and longevity swaps are required, with experience in the UK and/or Canadian market strongly preferred.</li><li>Deep technical understanding of IFRS, Solvency II, and preferably the Bermuda EBS framework.</li><li>Demonstrated understanding of compliance standards for actuarial reporting, with the proven ability to identify key issues and design and implement efficient, robust, and effective actuarial processes and controls.</li><li>Ability to take a balanced view on a range of actuarial and commercial matters.</li><li>Strong communication skills, both written and verbal.</li><li>A track record of excellent relationship management and stakeholder engagement.</li></ul>Additional InformationAt L&G, we believe it's possible to generate positive returns today while helping to build a better future for all. If you join us, you’ll be part of a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences.Guided by leaders with integrity who care about your future and wellbeing, you will be empowered through initiatives that support people to develop their careers and excel.We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time, term-time, and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can.It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential, and connection to our purpose.

Hannover Life Reassurance Company of America (Hannover Re) is currently seeking talented candidates for a full-time Actuarial Associate / Sr Actuarial Associate position.You can look forward toJob Summary:The below provides a general overview of a position in the Actuarial Development Program (ADP). Your specific role will vary depending on your department assignment, and you will be presented with a formal job description for your specific role once it has been determined.Essential Functions:<ul><li>Acquire, aggregate, and develop data for use in experience studies through the use of data analytics tools.</li><li>Assess client’s information to construct mortality, lapse, and other key pricing assumptions. Work with underwriting, marketing, and others to ensure understanding of the client’s products, distribution, and reinsurance needs. Develop financial projections of transactions using appropriate modeling software and present results for review.</li><li>Develop, maintain, and run models for use in profit testing, reserving, calculation of economic capital, forecasting, and support in-force management. Validate, format, and present results in an appropriate manner for review.</li><li>Perform coding changes to software that meet prescribed standards, assist in the regression and UAT testing of software coding changes, and complete documentation.</li><li>Generate supporting exhibits for Statutory, Bermuda, and Solvency II regulatory reporting.</li><li>Demonstrate sufficient progress and maintain good standing in the actuarial development program.</li></ul>You come equipped withEssential knowledge skills and abilities:<ul><li>Bachelor's degree from an accredited college or university.</li><li>1 - 6 years of Life insurance/reinsurance actuarial experience.</li><li>Excellent data-manipulation skills.</li><li>Strong time management and project management skills.</li><li>Ability to execute on multiple priorities simultaneously.</li><li>Microsoft PC software: Excel, Word, Access, Outlook, VBA.</li><li>Minimum of two actuarial exams from the Society of Actuaries with the intent to be credentialed.</li><li>Excellent written and oral communications skills.</li></ul>Desired knowledge skills and abilities:<ul><li>Risk Agility FM, Prophet, or other actuarial modelling software.</li><li>Expertise in data analytics programs, e.g. R, SQL, etc.</li><li>Experience in coding, especially actuarial software.</li></ul>Total Compensation Range: $75,900 - $164,800 (inclusive of Base and Bonus). Compensation is commensurate with the number of exams passed.Benefits Include:<ul><li>Comprehensive medical, dental, and vision.</li><li>Paid Time Off (PTO).</li><li>Company provided life insurance and disability benefits.</li><li>401(k) and profit sharing.</li><li>Additional ancillary benefits available.</li></ul>Hannover Re seeks to attract the best-qualified candidates who support the mission, vision, and values of the company and those who respect and promote excellence through diversity.We are committed to making our application process and workplace accessible for individuals with disabilities.We will accept applications until a candidate has been identified and selected to fill this position.

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.

Responsibilities:<ul><li>Builds and maintains experience studies, including data models, actual and expected calculations, and data visualization.</li><li>Presents and advocates for results at governance committees to stakeholders including senior leaders, modelers, and risk.</li><li>Coordinates with team members in an Agile framework.</li><li>Modernizes processes to gain efficiencies.</li><li>Provides reports and analyses to management on sales, persistency and mortality or morbidity experience for various product lines, reserve adequacy, risk management information, or various other similar items.</li><li>Manages studies that underlie actuarial assumptions and provides assumptions and data to others.</li><li>May support creation of systems specifications, contracts, commission structures, and other actuarial aspects of product development.</li><li>Monitors and analyzes developments in actuarial techniques, laws and regulations applicable to company operations, and competitive developments in the marketplace.</li><li>May represent the company on industry and professional committees and/or with regulators.</li><li>May supervise a small team of employees.</li></ul>Qualifications:<ul><li>FSA or equivalent professional designation along with Bachelor's Degree in Actuarial Science, Mathematics, Statistics, Economics or related field and 6 years of relevant experience.</li><li>In lieu of Bachelor's, will accept Master's in a listed discipline and 4 years of relevant experience.</li><li>In lieu of FSA will accept ASA or equivalent professional designation and 10 years of relevant experience.</li><li>Demonstrates high quality leadership, judgment, organization and prioritization skills.</li><li>Effectively communicates, both verbally and in writing, advanced mathematical and analytical concepts to various audiences.</li><li>Works well under pressure and within time constraints to effectively accomplish individual and team objectives.</li><li>Excellent computer skills.</li></ul>Preferred Qualifications:<ul><li>Programming skills including but not limited to AWS, SQL, and R.</li></ul>Working Conditions:<ul><li>Remote work or normal hybrid office environment based off location.</li><li>Limited travel may be required.</li></ul>

Are you pursuing a bachelor or master degree in Econometrics, Applied Mathematics, Actuarial Sciences, Data Sciences or Finance and you’re not sure which place you belong to? Then take the chance to do an internship in our Finance department at Allianz Benelux! We offer the opportunity to discover different departments where you can enhance your quantitative skills and find out what path you want to work towards in your future.At Allianz, we are more than happy to welcome you with open arms!What are the key activities of our teams?<ul><li>Actuarial Life: In this team, you'll work closely with stakeholders to assess future policy claims and obligations. Using actuarial techniques and statistical modeling, you'll develop accurate reserve calculations for policyholder benefits and claims. This involves analyzing demographic data, mortality rates, policyholder behavior, and economic factors to project future liabilities. You'll also collaborate with other teams for financial insights and contribute to strategic planning, product development, and risk management.</li><li>Actuarial P&amp;C: Your work will focus on analyzing data and using actuarial techniques to evaluate potential losses. By studying historical data, industry trends, and other factors, you'll develop models to determine the reserves needed to fulfill policy obligations. Collaboration with other teams, such as pricing and capital management, ensures accurate reserves and provides financial insights for decision-making. Your analysis and recommendations will be vital for maintaining the company's financial stability and profitability.</li></ul>Curious to discover some projects/activities you could work on?<ul><li>Calibration of biometric assumptions in liability estimation;</li><li>Reporting on portfolio trends and actual vs expected claims;</li><li>Projection of internal expenses in liability calculations;</li><li>Analysis of Value of New Business (VNB) and New Business Margin (NBM);</li><li>Tracking and comparison of realized vs expected VNB generation;</li><li>Revision of sub-models in the cash-flow model;</li><li>Migration from static reporting to dynamic dashboarding;</li><li>Data analysis;</li><li>Statistical methods for projecting future claims;</li><li>Forecasting of large claims or natural catastrophes.</li></ul>Didn’t find what you’re looking for? Take a look further on our website as we have internships opportunities in different teams (Performance Steering, Risk Management, Corporate Actuary, Data office, Actuarial Function &amp; Model Validation).Do you want to intern at the world's largest insurance company? Take the check!<ul><li>Are you pursuing a bacehlor or master's degree in Finance, Econometrics, Actuarial Science, or a related field? Check!;</li><li>Are you fluent in English with ideally good knowledge of Dutch or French? Check!;</li><li>Are you a true team player and have strong communication skills? Check!;</li><li>Are you looking for an internship for the first or second semester, with a flexible schedule based on your classes? Check!;</li><li>Are you genuinely curious, innovative and looking forward to your internship? Check!.</li></ul>What can you expect from your internship?<ul><li>You will become a full-fledged member of the Allianz team, which will welcome you with open arms;</li><li>You will have the opportunity to work on exciting projects, gaining valuable practical knowledge;</li><li>Your Allianz colleagues will gladly provide the necessary guidance;</li><li>You will join a pleasant and warm international work environment, where team spirit and collegiality are central;</li><li>You will work in modern and comfortable conditions in our brand-new office building;</li><li>You will enjoy flexible working hours, allowing you to easily adjust your work schedule to your class schedule.</li></ul>Are you interested in working as an intern at Allianz?Quickly send us your resume and the specifications of your internship, such as duration, internship regime, and specific expectations you have. If we see a match with one of our internship vacancies, we will invite you for an introductory interview. Who knows, this could be the start of an exciting collaboration!

The UK Graduate Programme is one of the best ways of starting a career at Hannover Re, the third-largest reinsurer in the world. At Hannover Re, you’ll find we’re not like other reinsurers. We’re more flexible, more innovative, and less afraid to challenge conventional wisdom. We have something different and something more to offer.This unique development opportunity, based at our London office, gives graduates valuable work experience and extensive insights into the wide-ranging day-to-day business and challenging projects of an internationally successful reinsurer with an anticipated start date of autumn 2023.Your Tasks<ul><li>Development opportunities Successful applicants will be given the opportunity to rotate through key departments according to business needs such as:</li><ul><li>Biometric Research</li><li>Business Development</li><li>Corporate Actuarial</li></ul><li>Business Development Mutually profitable long-term partnerships are at the heart of our business development strategy. From engaging directly with clients to pricing new opportunities, graduates will support us in delivering a wide range of innovative solutions and services. Focusing on one of three areas, protection, longevity or financial solutions, graduates will gain a range and depth of experience using the latest actuarial and data science techniques.</li><li>Biometric Research We believe better intelligence supports better decisions – which is why our Biometric Research department is known for the scope and quality of its medical and market research. Graduates will learn the value of data, using the latest research in health and medicine to price more accurately and manage our risks.</li><li>Corporate Actuarial By putting a value on our business, graduates will learn what really drives our profitability. We use the latest actuarial modelling software to project future cash flows of our business for reporting, and to provide management information used to steer our business. Graduates will also help to ensure we are ahead of the latest regulatory and accounting developments.</li></ul>Your ProfileThe four-year programme is aimed at attracting talented graduates (including those about to graduate) with a minimum of an upper second class (2:1) degree in a mathematical subject and a keen interest in taking ownership of our company's success from the start.What We Offer<ul><li>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.</li><li>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.</li><li>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!</li></ul>Applications close on Friday 28 July 2023.

<div>Job Purpose:The Risk Management Actuary works alongside the UK CRO, UK Risk Management team and Munich central functions in strengthening the UK Branch’s Actuarial and Enterprise Risk Management capabilities, striking the correct balance between risk and commercial considerations.In addition to this they will support the setup and ongoing production of Regulatory Reports required to the PRA and FCA as the UK Branch becomes a Third Country Branch post-Brexit.The UK Branch consists of two internal branches. The UK Life Branch (UKLB) which encompasses all Protection, Longevity, Health and Structured Re reinsurance markets in the UK & Ireland. The UK General Branch (UKGB) which encompasses Non-Life run-off business.Offer:Key Responsibilities:Actuarial Risk Management<ul><li>Review of large and complex transactions, especially with respect to financial, operational, legal and reputational risk, in line with the agreed risk appetite.</li><li>Review changes to pricing bases, product designs and pricing tools</li></ul>Risk Regulatory Reporting<ul><li>Develop key UK Branch ORSA and RSR deliverables</li><li>Contribute to the UK Branch annual ORSA process working closely with local teams and Munich central functions</li></ul>Enterprise Risk Management<ul><li>Risk reporting to UK CRO, UK ExCo and Munich central functions</li><li>Monitor and report on the run-off Non-Life book of business</li><li>Delivery of the operational risk management framework</li><li>Review and assessment of other risk types e.g. market, credit, reputation, concentration, liquidity etc.</li></ul>General Risk Management<ul><li>Support the UK Branch to write and maintain profitable commercial business and innovation initiatives, in line with the business strategy and risk appetite, acting as a Business/Risk Partner</li><li>Promote Risk Management principles, develop the UK Branch risk strategy, and communicate and raise awareness of Risk Management within the UK Branch</li><li>Develop the UK Branch risk strategy and appetite including product limits, striking the balance between Risk and Commercial demands</li><li>Periodically represent risk management in special initiatives (e.g. product developments and business improvements)</li><li>Maintain and improve the UK Branch risk management framework, policies and processes</li><li>Be a point of reference for the business for guidelines and control processes</li></ul>Profile:Key Skills and Experience:EssentialAt least basic knowledge and experience of the following areas:<ul><li>Actuarial and Enterprise Risk Management methodologies, frameworks</li><li>Life pricing experience, in at least one of Protection, Longevity and Structured Re deal pricing</li><li>Confidence and diplomacy to challenge peers and manage upwards</li><li>Effectively dealing with senior stakeholders</li><li>Ability to build an understanding of internal and external client strategy and needs</li></ul>Desirable<ul><li>Significant experience in the UK insurance market, preferably in reinsurance, risk management or consulting</li><li>Experience in the UK protection market with a strong understanding of the key products and features</li><li>UK regulatory risk and capital reporting requirements, Solvency II Standard Formula and Internal Model methodologies</li><li>Experience of a balance sheet and/or reporting</li><li>Prior experience of developing the ORSA and/or RSR reports</li></ul>Qualifications and Educational Requirements:<ul><li>Essential: University graduate or equivalent; qualified / nearly qualified actuary</li><li>Desirable: A postgraduate qualification in insurance or risk management (e.g. CERA)</li></ul>Personal Attributes:<ul><li>Commercial awareness and pragmatism</li><li>Perseverance, focus, ambition</li><li>Questioning nature / intellectual curiosity</li><li>Diplomacy and tact</li><li>Self-awareness, ability to act on constructive feedback</li><li>Flexible working style</li></ul>Benefits:
You will be rewarded with a competitive salary, 25 days annual leave (pro rata) along with private medical insurance and employers contributory pension of 10%. We offer a hybrid working policy with a mix of working from home at our London office.About UsHere at Munich Re we seek to offer our staff the opportunity to grow in an exciting, results-oriented and diverse working environment. We believe that your dedication to apply your outstanding knowledge crafts the future; the future of our clients, of Munich Re and of course your own.Munich Re is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all our employees.</div>

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