Reserving Actuary or Senior Actuarial Student

Faraday; Cape Town; On-site; ZAR 600,000 - 800,000; Full time

Job summary

A leading reinsurance company based in Cape Town is looking for a Reserving Actuary for a 12-month contract. The candidate will assist with financial reporting and the calculation of reserves while providing key insights into the financial forecasts. Candidates should be newly qualified actuaries or have made good progress with actuarial exams and possess strong analytical and communication skills. This role emphasizes teamwork and professionalism.

Qualifications

• Experience of working in an insurer or reinsurer is desirable.
• Strong communication skills, both verbal and written.
• Able to work under pressure and meet deadlines.

Responsibilities

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

Skills

Numerical and analytical skills

Problem-solving skills

Excellent IT skills (MS Office, SQL Server)

Communication skills

Education

Newly qualified actuary or progress with exams

Tools

VBA

SQL

R

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.