Job: Actuarial Graduate Learner

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

Job summary

Munich Re in Johannesburg, South Africa, invites recent Actuarial Science graduates to join our Graduate Actuarial Services Analyst program focused on non-life insurance. You will gain exposure to non-life reserving, IFRS 17 reporting, and regulatory insights while receiving mentorship from senior actuaries.

The role emphasizes training, data validation, and developing automated actuarial processes using Excel and analytics tools, with a pathway to professional actuarial qualifications.

Qualifications

• Recent Actuarial Science Graduate (Undergraduate/Honours); applicants completing their degree only in 2026 will not be considered for this intake.
• Working knowledge of statistical and mathematical methods and analysis.
• Academic transcript must be included; applications without one may not be considered.

Responsibilities

• Participating in soft skills and technical training.
• Receiving mentorship and on-the-job training from experienced actuaries.
• Supporting the quarterly and annual non-life reserving process.
• Assisting with IFRS 17 reporting, quality assurance of input assumptions and analysis of financial results.
• Performing data validation, reconciliation and movement analyses.
• Developing and automating actuarial processes using Excel, programming and data analytics tools.
• Preparing actuarial reports, presentations and management information.

Skills

Statistical analysis

Mathematical methods

Excel

Programming

Data analytics

Education

Actuarial Science degree

Tools

Programming languages

Job description

Are you a recent Actuarial Science graduate looking to build a strong foundation for a career as a professional actuary with one of the world's leading reinsurers?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 within the Non-Life Corporate Actuarial team.

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careers

Responsibilities

• Participating in soft skills and technical training.
• Receiving mentorship and on-the-job training from experienced actuaries.
• Supporting the quarterly and annual non-life reserving process.
• Assisting with IFRS 17 reporting, quality assurance of input assumptions and analysis of financial results.
• Performing data validation, reconciliation and movement analyses.
• Developing and automating actuarial processes using Excel, programming and data analytics tools.
• Preparing actuarial reports, presentations and management information.

Qualifications

• Recent Actuarial Science Graduate (Undergraduate/Honours); applicants completing their degree only in 2026 will not be considered for this intake.
• Working knowledge of statistical and mathematical methods and analysis.
• Academic transcript must be included; applications without one may not be considered.

Job Location: Johannesburg, South Africa

Graduate Actuarial Services Analyst (Non-Life Insurance)