Terms of Trade Actuarial Analyst

Munich Re; Johannesburg; On-site; ZAR 300 000 - 600 000; Full time

Job summary

An established industry player in reinsurance is seeking a motivated Actuarial Analyst to join their Terms of Trade Team in Johannesburg. This role offers the chance to work with a diverse team and tackle complex data sets, contributing to strategic decision-making in the Life Department. You will be responsible for maintaining high technical standards, supporting risk management, and communicating insights across various teams. If you are a nearly qualified or fully qualified Actuary with a passion for data analysis and teamwork, this is an exciting opportunity to make a meaningful impact in a dynamic environment.

Qualifications

• Nearly qualified or fully qualified Actuary with 2+ years of experience.
• Strong analytical skills with experience in life insurance products.

Responsibilities

• Update and maintain Terms of Trade, ensuring compliance with guidelines.
• Collaborate with teams to derive assumptions and influence strategy.

Skills

Actuarial Qualification (TASSA or equivalent)

Data Analysis

Statistical Programming

VBA/Excel

SQL Server

R/Python

Numerical Skills

Team Collaboration

Education

Actuarial Qualification

Bachelor's Degree in a related field

Tools

VBA

Excel

SQL Server

R

Python

Job description

We 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.

Established in 1968, Munich Reinsurance Company of Africa serves life and non-life reinsurance clients across 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. 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:

• Update and maintain all Terms of Trade for MRoA
• Maintain the highest standard of technical competence & ensuring global and local guidelines are followed
• Work with the regional office to determine Terms of Trade
• Support overall Life Business strategy & risk management
• Communicate with retail and group pricing teams as well as the valuations team on assumption setting
• Partner with business to provide valuable insight to influence strategy and long term decision making

Your profile:

• TASSA/equivalent actuarial qualification or nearly qualified Actuary
• 2+ years’ experience deriving assumptions and/or doing experience studies
• Work with complex data and work in a team environment
• Experience with the South African life insurance products and market dynamics
• Numerical, statistical and analytical skills
• Excellent programming skills in actuarial/statistical programming languages
• VBA/Excel
• SQL Server
• R/Python or any relevant software programme

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.