Terms of Trade Actuarial Analyst

Munich Re; Johannesburg; Hybrid; ZAR 500,000 - 700,000; Full time

Job summary

A leading reinsurance company seeks an Actuarial Analyst for their Life Department in Johannesburg. The role entails updating Terms of Trade and working with teams to derive assumptions from large data sets. Candidates should have an actuarial qualification and experience in life insurance markets, alongside strong analytical and programming skills.

Benefits

Life and Health Benefits

Hybrid working environment

Bonus Scheme

Employee Assistance Program

Global Mobility

Qualifications

• Nearly qualified or fully qualified Actuary preferred.
• 2+ years’ experience in deriving assumptions/experience studies.
• Familiarity with South African life insurance products.

Responsibilities

• Update and maintain Terms of Trade for MRoA.
• Support Life Business strategy and communicate assumptions to teams.
• Work with data to influence decision-making.

Skills

Numerical skills

Statistical skills

Analytical skills

Programming skills

Collaboration

Education

TASSA/Equivalent actuarial qualification

Tools

VBA

Excel

SQL Server

R

Python

Job description

We are looking for an Actuarial Analyst for our Terms of Trade Team reporting to the Head of Experience Analysis and Terms of Trade in the Life Department.

Established in 1968, our South African office serves life and non-life reinsurance clients across the Sub-Saharan Africa from our hub in Johannesburg. Together with our colleagues globally, we influence, collaborate and can be relied on to tackle the world’s most pressing challenges.
Are you a nearly qualified or fully qualified Actuary who enjoys being part of a team of highly skilled and motivated colleagues? Are you able to relate well to people from different backgrounds and cultures? Do you enjoy working with large data sets to derive assumptions ? If you answered yes to the above then this might be the opportunity for you.

Your Role:

• Update and maintain all Terms of Trade for MRoA
• Maintain the highest standard of technical competence & ensuring global and local guidelines are followed
• Work with the regional office to determine Terms of Trade
• Support overall Life Business strategy & risk management
• Communicate with retail and group pricing teams as well as the valuations team on assumption setting
• Partner with business to provide valuable insight to influence strategy and long term decision making

Your profile:

• TASSA/equivalent actuarial qualification or nearly qualified Actuary
• 2+ years’ experience deriving assumptions and/or doing experience studies
• Work with complex data and work in a team environment
• Experience with the South African life insurance products and market dynamics
• Numerical, statistical and analytical skills
• Excellent programming skills in actuarial/statistical programming languages
• VBA/Excel
• SQL Server
• R/Python or any relevant software programme
• Life and Health Benefits
• Hybrid working environment
• Bonus Scheme
• Employee Assistance Program
• Global Mobility

#LI-Hybrid

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.