Senior Actuary : Structured Solutions Portfolio

Münchener Rückversicherungs-Gesellschaft; Gauteng; Hybrid; ZAR 500 000 - 600 000; Full time

Job summary

A leading reinsurance company in South Africa is seeking a Senior Actuary to manage their multi-billion rand structured solutions portfolio. This role involves overseeing financial performance, enhancing processes, and regulatory compliance. The ideal candidate will have at least 10 years of experience in life insurance or reinsurance, an actuarial fellowship, and strong financial acumen. The position also offers a hybrid working environment and comprehensive benefits.

Benefits

Life and Health Benefits

Retirement Benefits

Hybrid working environment

Bonus Scheme

Qualifications

• 10+ years of experience in life insurance, reinsurance, or actuarial consulting.
• Experience in insurance capital management or investment market analysis is beneficial.
• Strong understanding of Life & Health insurance markets in South Africa.

Responsibilities

• Manage financial performance of reinsurance treaties.
• Implement improvements to financial and risk management processes.
• Coordinate with teams to monitor and report on processes.

Skills

Actuarial Qualification

Financial Reporting

Risk Management

Life & Health Insurance Knowledge

Investment Market Analysis

Education

Fellowship of a recognised Actuarial Society

Job description

Career Level 4

We are looking for a Senior Actuary in our top performing Life Structured Solutions Team to manage the high growth, multi-billion rand structured solutions portfolio.

You will report directly to the Head of Structured Solutions Munich Reinsurance Africa Branch (MRAB) and closely collaborate with the Regional Structured Solutions Team covering the Asian Pacific, Middle Eastern and African regions.

This role does not include any direct reports.

Your Role :

Manage the financial performance of MRAB's Structured Solutions reinsurance treaties.

Identify and implement improvements to the financial and risk management processes monitoring the in-force reinsurance portfolio, ensuring the infrastructures meet our evolving business needs.

Perform experience and other investigations on the portfolio and make sound risk and profitability management recommendations.

Coordinate with valuation teams, accounting teams, Regional Structured Solutions team and central units to fulfil the ongoing monitoring and reporting requirements.

Support the quarterly and annual Solvency II, IFRS and local statutory reporting (if applicable) of LH2 financial reinsurance transactions.

Provide up-to-date insights on the regulatory, market and economic factors that affect the performance of MRAB's Structured Solutions' portfolio.

Ensure compliance with the relevant regulatory requirements of the portfolio and the Munich Re Group standards.

Train and develop MRAB Structured Solutions team in the fields of risk and profitability management.

Senior contributor to the development and implementation of MRAB Structured Solutions strategy goals.

Your profile :

Actuarial Qualification : Fellowship of a recognised Actuarial Society.

Minimum of 10 years' experience in life insurance, reinsurance, actuarial consulting, corporate actuarial, financial reporting or life insurance auditing.

Experience in insurance capital management or investment market analysis will be beneficial.

Technically strong in accounting, financial reporting and actuarial concepts.

Sound understanding of Life & Health insurance and reinsurance markets in South Africa and other Sub-Saharan African markets.

Detailed knowledge in insurance and financial services regulatory requirements and insurance accounting standards.

Our Benefits

Life and Health Benefits

Retirement Benefits

Hybrid working environment

Bonus Scheme

Employee Assistance Program

At Munich Re, we embrace and value the interaction of diverse backgrounds, experiences, perspectives and thought.

This interaction is our foundation of our open culture and spirit of partnership.

It shapes how our teams are built and cultivated and how we are supported and developed.

And at the center of this interaction is each of us.