Job: Actuarial Graduate Trainee

Company : Munich RE; Johannesburg; Hybrid; ZAR 112,000 - 167,000; Part time

Job summary

Munich Reinsurance Africa Branch in Johannesburg offers an Actuarial Graduate Trainee programme on a hybrid basis. This full-time internship provides hands-on experience in actuarial and risk management, including data transformation, modelling, pricing, and reporting, with exposure to cross-divisional projects.

Graduates will develop technical and soft skills through training and practical assignments, contributing to risk assessment, reserves, and client data analysis using the tools provided.

Qualifications

• Recent Actuarial Science graduate with undergraduate or honours degree.
• Strong coding and programming skills.
• Ability to work under pressure and multitask.
• Working knowledge of statistical and mathematical methods and analysis.

Responsibilities

• Take part in soft skills and technical training
• Participate in team specific tasks and deliverables
• Participate in team and business projects
• Transform client data into a usable format for analysis
• Calculate group risk quotes for all benefits using the tools provided
• Understand the modelling and pricing of reinsurance and insurance products
• Identify risk, assess these and document accordingly
• Check data and create movement analysis
• Review, report and calculate reserves
• Use and run models
• Review, compile and provide content to actuarial and risk reports

Skills

Coding

Multitasking

Statistical analysis

Education

Undergraduate or Honours degree in Actuarial Science

Job description

The Actuarial Graduate Trainee programme at Munich Reinsurance Africa Branch offers recent graduates the opportunity to gain hands‑on experience in actuarial and risk management while working in Johannesburg on a hybrid basis. This full‑time role provides exposure to technical training, day‑to‑day business tasks, and cross‑divisional projects. Graduates will engage in data transformation, risk assessment, modelling, pricing, and reporting, while developing both technical and soft skills. The programme is designed to build actuarial expertise, support exam preparation, and foster professional growth in a diverse and collaborative environment.

Responsibilities

• Take part in soft skills and technical training
• Participate in team specific tasks and deliverables
• Participate in team and business projects
• Transform client data into a usable format for analysis
• Calculate group risk quotes for all benefits using the tools provided
• Understand the modelling and pricing of reinsurance and insurance products
• Identify risk, assess these and document accordingly
• Check data and create movement analysis
• Review, report and calculate reserves
• Use and run models
• Review, compile and provide content to actuarial and risk reports

Qualifications

• Recent Actuarial Science Graduate with Undergraduate or Honours degree
• Good coding and programming skills
• Ability to work under pressure and multitask
• Working knowledge of statistical and mathematical methods and analysis

Hiring organization

Employment Type: internship

Job Location: Johannesburg, Gauteng, South Africa

Graduate Actuarial Services Analyst (Non-Life Insurance)