Reserving Actuary

Gen Re; Cape Town; On-site; ZAR 600 000 - 800 000; Full time

Job summary

A leading company in reinsurance seeks a Reserving Actuary for its Cape Town branch. The role involves financial reporting, regulatory compliance, and data analysis, requiring a qualified actuary with strong analytical and communication skills. Join a dynamic team to contribute to international projects and enhance actuarial processes.

Qualifications

• 3-6 years of experience as an actuary.
• Proficient in IT skills and data handling.

Responsibilities

• Assist with financial reporting on US GAAP and IFRS.
• Contribute to system design developments for US GAAP LDTI and IFRS 17.
• Analyze valuation data for insights.

Skills

Problem Solving

Communication

Numerical Skills

Analytical Skills

Education

Qualified Actuary

Tools

MS Office

SQL Server

R

Python

GGY AXIS

Job description

Job Location : Western Cape, Cape Town

Deadline : May 23, 2025

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Position Overview

General Reinsurance, Cape Town Branch (a subsidiary of General Reinsurance AG), is offering an opportunity for a Reserving Actuary in our Life Australia, UK, SA, Canada division.

Key Responsibilities

• Join our valuations team as an actuary with 3-6 years of experience, reporting to the Reserving Manager.
• Assist with financial reporting on US GAAP and IFRS basis.
• Support regulatory reporting for SAM and Solvency II.
• Engage with internal and external auditors after year-end.
• Contribute to system design developments for US GAAP LDTI and IFRS 17.
• Analyze valuation data to gain insights into the business.
• Develop and maintain tools for actuarial data analysis to improve management and regulatory reporting.
• Monitor and provide management information.
• Participate in international projects such as US GAAP LDTI, IFRS 17, and Data Systems projects.
• Automate models and business processes.
• Assess valuation data for experience studies or assumption setting.

Qualifications & Experience

• Qualified actuary with at least 3 years of experience.
• Proficient in IT skills including MS Office, SQL Server, and handling large datasets.
• Strong problem-solving skills, especially in new situations or client interactions.
• Excellent in actuarial modeling, data analysis, and statistics.
• Knowledge of R, Python, and GGY AXIS is advantageous.
• Strong numerical and analytical skills.
• Committed to excellence in execution and delivery.
• Self-motivated, flexible, and enthusiastic about the role.
• Excellent communication skills, both verbal and written.
• Ability to work independently with minimal supervision.
• Strong interpersonal skills for effective teamwork and communication across all levels.
• Ability to work under pressure to meet deadlines.
• Confidence in communicating with senior team members and colleagues.
• Knowledge of SAM, Solvency II, and IFRS17 is advantageous.