Reserving Actuary

Gen Re; Cape Town; On-site; ZAR 300 000 - 400 000; Full time

Job summary

A leading reinsurance provider is seeking a Reserving Actuary for a 12-month contract in Cape Town. This role focuses on financial reporting and supports the UK valuation team. Candidates should be newly qualified actuaries or progressing with exams, with excellent analytical and communication skills, and a strong IT background. The position offers the opportunity to impact financial forecasting and involves collaboration with various stakeholders.

Qualifications

• Experience of working in an insurer or reinsurer will be an advantage.
• Excellent IT skills with large datasets are essential.
• Knowledge of LDTI and Solvency II is advantageous.

Responsibilities

• Assist with financial reporting and calculation of reserves.
• Ongoing analysis of the inforce portfolio.
• Development of financial forecasts for internal reporting.

Skills

Numerical and analytical skills

Problem-solving skills

Excellent IT skills (MS Office, SQL Server)

Coding skills in VBA, SQL, R

Strong communication skills

Interpersonal skills

Education

Newly qualified actuary or progress with actuarial exams

Job description

Shape Your Future With UsGeneral Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2, employees worldwide.

It owns General Reinsurance Corporation and General Reinsurance AG, which conducts business as Gen Re.Gen Re delivers reinsurance solutions to the Life / Health and Property / Casualty insurance industries.

Represented in all major reinsurance markets through a network of 37 offices, we have earned superior financial strength ratings from each of the major rating agencies.GRSA Services (PTY) Ltd based inCapeTownis offering an opportunity for aReserving Actuary - 12 Month Contractin our Life Australia, UK, SA, Canada division.This role is based in Cape Town but will be supporting the UK valuation team with financial and capital reporting requirements by performing several key steps in the valuation process.

Key Responsibilities

• Assist with financial reporting and calculation of reserves.
• Ongoing analysis of the inforce portfolio.
• Development of financial forecasts for internal reporting purposes.
• Production of additional financial information for management.

Qualifications & Experience

• Experience of working in an insurer or reinsurer will be an advantage.
• Newly qualified actuary or good progress with actuarial exams.
• Excellent numerical and analytical skills.
• Strong problem-solving skills.
• Consistent pursuit of excellence in execution and delivery.
• Self-motivated and able to work with minimum supervision.
• Excellent IT skills (MS Office, SQL Server, working with large datasets).
• Coding skills in VBA, SQL, R or other statistical coding environments is desirable.
• Able to work under pressure in meeting internal and external deadlines.
• Strong communication skills, both verbal and written, and the ability to summarise complex information clearly and concisely.
• Knowledge of LDTI and Solvency II will be advantageous.
• Strong interpersonal skills with an ability to work effectively as part of a team, deal with people at all levels and in all areas of the business.
• Must display client focus, creativity, intuition, integrity, decisiveness, collaboration, accountability and be prepared to represent Gen Re with professionalism.

Closing Date30 November

Our AddressGRSA Services (PTY) Ltd2nd Floor, Waterway House North, 3 Dock Road, V&A Waterfront,

It is the continuing policy of the Gen Re Group to afford Equal Opportunity to qualified individuals without regard to race, color, sex (including childbirth or related medical conditions), religion, national origin or citizenship, sexual orientation, gender identity, or any characteristic protected by applicable law.

In addition, Gen Re provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act.