Reserving Actuary Or Senior Actuarial Student

General Reinsurance Ag; Cape Town; On-site; ZAR 40 000 - 60 000; Full time

Job summary

A leading reinsurance company is offering a one-year Actuarial Student Internship in Cape Town. This unique opportunity combines on-the-job training with the chance to collaborate with experienced actuaries. Key responsibilities include preparing business quotations, supporting risk assessments, and monitoring statistical information. The ideal candidate should have a relevant university degree and strong analytical skills. Join us to kickstart your career in reinsurance.

Qualifications

• Completed a relevant University degree involving actuarial studies.
• Ability to work under pressure and meet deadlines.
• Strong problem-solving skills and numerical acumen.

Responsibilities

• Preparing quotations for new and existing business.
• Support analysis of group life reinsurance portfolios.
• Monitoring management information statistics.
• Maintaining pricing guidelines and tools.

Skills

Analytical skills

Numerical skills

Problem-solving skills

Communication skills

Multi-tasking

MS Office proficiency

Education

Relevant University degree involving actuarial studies

Tools

Excel

SQL

VBA

Job description

Actuarial Student Internship

R40000 - R60000 Y Gen Re

Posted today

Job Description

Key Responsibilities

Gen Re is offering a one-year internship program in the life pricing team. The internship is based on a high level of empowerment within an exceedingly productive environment, combining on the job training with training phases. This great opportunity will enable you to learn from within an established pricing team and collaborate with actuaries across various disciplines in the business. During your time you will gain particular knowledge about reinsurance standards and guidelines, pricing, risk management, tools and, of course, clients.

The key responsibilities of the role:

• Preparing quotations for new business and reviews of existing business for the group life business line.
• Support of analysis and assessment of group life reinsurance portfolios for the purposes of risk management, experience studies, planning and quotation.
• Monitoring and provision of management information statistics.
• Assistance with maintaining the Company's pricing guidelines and pricing tools.
• Interaction with group life clients.

Qualifications & Experience

• Completed a relevant University degree involving actuarial studies.
• The ability to work in a methodical manner with good numerical and analytical skills.
• Able to multi-task and work under pressure in meeting internal and external deadlines.
• Strong problem-solving skills, particularly when in new situations or dealing with clients.
• Very good familiarity with MS Office, especially Excel.
• Strong verbal and written communication skills.

Reserving Actuary or Senior Actuarial Student

Posted today

Job Description

Shape Your Future With Us

General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2,000 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 in Cape Town is offering an opportunity for a Reserving Actuary - 12 Month Contract in 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 Date

30 November 2025

Our Address

GRSA Services (PTY) Ltd
2nd Floor, Waterway House North, 3 Dock Road, V&A Waterfront, 8001

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.