Actuarial Student Internship

EdUpStairs; Cape Town; On-site; ZAR 89,000 - 134,000; Full time

Job summary

General Reinsurance Africa Ltd. invites applications for an Actuarial Student Internship in our Life Australia, UK, SA, Canada division, based in Cape Town.

The one-year program offers empowerment in a productive environment, combining on-the-job training with formal phases to learn pricing standards, risk management, tools and client interactions. You will prepare quotations for new business and review existing group life business, support portfolio analysis, monitor statistics, maintain

Qualifications

• Completed a university degree involving actuarial studies.
• Strong numerical and analytical skills with the ability to work under pressure.
• Ability to multi-task and meet deadlines in a team environment.
• Good communication skills and proficiency with MS Office, especially Excel.

Responsibilities

• Prepare quotations for new business and review existing group life business.
• Support analysis of reinsurance portfolios for risk management and pricing.
• Monitor and provide management information statistics.
• Assist with maintaining pricing guidelines and pricing tools.
• Interact with group life clients.

Skills

Numerical reasoning

Analytical skills

MS Excel

Multi-tasking

Education

Actuarial studies degree

Tools

Pricing tools

Job description

General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2,000employees worldwide. Its direct reinsurance companies conduct business asGenRe.

Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of38 offices, supported by over 2,000 employees worldwide, we have earned superior financial strength ratings from each of the major rating agencies.

General Reinsurance, Cape Town Branch (a subsidary of General ReinsuranceAG) is offering an opportunity for Actuarial Student Internship in ourLife Australia, UK, SA, Canada division.

Gen Re is offering a one-year internship program in the life pricing team. The internship is based on a high level of empowerment within an exceedingly productive environment, combining on the job training with training phases. This great opportunity will enable you to learn from within an established pricing team and collaborate with actuaries across various disciplines in the business. During your time you will gain particular knowledge about reinsurance standards and guidelines, pricing, risk management, tools and, of course, clients.

The key responsibilities of the role:

• Preparing quotations for new business and reviews of existing business for the group life business line.
• Support of analysis and assessment of group life reinsurance portfolios for the purposes of risk management, experience studies, planning and quotation.
• Monitoring and provision of management information statistics.
• Assistance with maintaining the Company’s pricing guidelines and pricing tools.
• Interaction with group life clients.

Qualifications & Experience

• Completed a relevant University degree involving actuarial studies.
• The ability to work in a methodical manner with good numerical and analytical skills.
• Able to multi-task and work under pressure in meeting internal and external deadlines.
• Strong problem-solving skills, particularly when in new situations or dealing with clients.
• Very good familiarity with MS Office, especially Excel.Strong verbal and written communication skills.

Our Address

General Reinsurance Africa Ltd.

(Reinsurer licensed to conduct composite insurance business)

2nd Floor, Waterway House North, V&A Waterfront,
Cape Town, 8002 (South Africa)

Preference will be given, but not limited to, candidates from designated groups in terms of the Employment Equity Act and our employment equity policy.