Actuarial Graduate Learner

Munich Re Group; Johannesburg; On-site; ZAR 180,000 - 240,000; Full time

Job summary

Munich Re Group is seeking a highly motivated Actuarial Graduate Trainee to join the Non-Life Corporate Actuarial team in Johannesburg. The programme provides exposure to non-life reserving, IFRS 17 reporting, regulatory reporting, and business performance analysis within Sub-Saharan Africa, building a foundation for a professional actuary.

You will participate in training, mentorship, and cross-functional workstreams while developing actuarial modelling, data analysis, and automated processes

Qualifications

• Recent Actuarial Science graduate or undergraduate/honours student.
• Strong knowledge of statistical and mathematical methods is desirable.
• Good written and verbal communication skills are essential.
• Ability to learn quickly and manage multiple priorities within a team.

Responsibilities

• Participate in soft skills and technical training.
• Receive mentorship and on-the-job training from experienced actuaries.
• Gain experience across reserving, financial reporting, capital management, and business performance analysis.
• Collaborate with actuaries and stakeholders across the business and globally.

Skills

Analytical ability

Attention to detail

Communication skills

Teamwork

Quick learner

Education

Actuarial Science degree

Tools

Excel

Programming

Data analytics tools

Job description

We are looking for a highly motivated Actuarial Graduate Trainee to join our Non-Life Corporate Actuarial team. This role offers exposure to non-life reserve monitoring and projection, IFRS 17 reporting, regulatory reporting, and business performance analysis across the Sub-Saharan African portfolio, providing a strong foundation for a career as a professional actuary.
Your Programme:
As a Graduate, you will:

• Participate in soft skills and technical training,
• Receive mentorship and on-the-job training from experienced actuaries,
• Gain experience across reserving, financial reporting, capital management and business performance analysis,
• Participate in cross-functional workstreams, and
• Develop a strong understanding of the role of a reserving and reporting actuary within a global reinsurance environment.

Broader exposure may include:

• Supporting the quarterly and annual non-life reserving process,
• Assisting with IFRS 17 reporting, quality assurance of input assumptions, and analysis of financial results,
• Supporting regulatory capital reporting,
• Performing data validation, reconciliation, and movement analyses,
• Analysing trends and performance of non-life reinsurance business,
• Working with actuarial models and reporting tools,
• Developing and automating actuarial processes using Excel, programming and data analytics tools,
• Preparing actuarial reports, presentations, and management information, and
• Collaborating with actuaries and stakeholders across the business and globally.

Your profile:
We are looking for candidates who demonstrate strong analytical ability, intellectual curiosity and a passion for solving complex business problems.
Requirements:

• Recent Actuarial Science Graduate (Undergraduate/Honours). Due to onboarding timelines, applicants who will only complete their undergraduate degree in 2026 will not be considered for this intake.
• Working knowledge of statistical and mathematical methods and analysis
• Strong attention to detail and commitment to producing high-quality work
• Good written and verbal communication skills
• Ability to learn quickly, manage multiple priorities, and work effectively within a team
• Please include your academic transcript. Applications submitted without an academic transcript may not be considered.

Munich Re will offer:

• Learning and Development opportunities
• Support with Actuarial Exams
• 12 months fixed term contract (with a possible 12-month extension)

We see DEI as a business imperative, helping us to attract, grow and inspire a diverse, inclusive, and equitable workforce that better enable us to serve our customers, investors, and communities. Globally, we strive to build balanced teams across all aspects of difference. As part of our commitment to opportunity, growth and diversity, preference may be given to candidates in line with our Employment Equity Plan.