Segment Pricing Actuarial Associate (Australia & NZ)

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

Job summary

A global reinsurance provider is seeking a Segment Pricing Actuarial Associate in Cape Town to support the pricing of reinsurance for the Australian and New Zealand markets. The ideal candidate will have at least 3 years of actuarial experience and strong communication skills. Candidates from designated groups in terms of the Employment Equity Act are preferred.

Qualifications

• Minimum of 3 years experience in actuarial projects.
• Experience in pricing group or retail business.
• Prepared to work across multiple time zones.

Responsibilities

• Price new reinsurance quotations for group and retail business.
• Build and improve pricing models.
• Support repricing and monitoring of existing treaties.

Skills

Actuarial student

Strong technical skills

Excellent communication skills

Collaborative working style

Ability to work independently

Tools

GGY Axis

Prophet

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. We value diversity, equality and inclusion and promote a culture that supports professional and personal growth.

General Reinsurance, Cape Town Branch (a subsidiary of General Reinsurance AG) is offering an opportunity for Segment Pricing Actuarial Associate (Australia & NZ) in our Life Australia, UK, SA, Canada division.

Key Responsibilities
This role is for an Actuarial student or nearly qualified Pricing Actuary to join our Segment pricing team based in Cape Town, working closely with our Australian office to provide support with reinsurance pricing and in-force profitability management for the Australian and New Zealand markets. The ideal candidate will possess strong technical skills and communication skills.

Primary responsibilities for this role will be working with the Australian local pricing team:

• To price new reinsurance quotations for group and retail business
• Building and improving pricing models
• Supporting the repricing and monitoring of existing treaties
• Pricing new products and evaluating new product development features
• Supporting the maintenance of terms of trade

Qualifications & Experience

Essential:

• Actuarial student with a minimum of 3 years experience
• Experience in pricing of group or retail business or valuation experience
• Prepared to work across multiple time zones
• Highly collaborative in working style & approach
• Able to work independently
• Excellent communication skills that enables them to summarise complex information

Desired:

• Reinsurance pricing experience would be an advantage
• Experience of Australian and / or New Zealand life insurance an advantage
• Actuarial modelling skills (GGY Axis, Prophet, Moses or MoNet)
• Coding skills in VBA, SQL, R or other statistical coding environments
• An interest in analytics and modelling mortality/morbidity experience

Contact
Human Resources

Our Address

General Reinsurance Africa Ltd.

(Reinsurer licensed to conduct composite insurance business)

2nd Floor, Waterway House North, 3 Dock Road V&A Waterfront, Cape Town, 8001 (South Africa)

Preference will be given, but not limited to, candidates from designated groups in terms of the Employment Equity Act and our employment equity policy.