We are currently looking for a Senior Actuary for our Terms of Trade Team reporting to the Head of Experience Analysis and Terms of Trade in the Life Department.
Established in 1968, Munich Reinsurance Company of Africa 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 qualified Actuary who enjoys being part of a team of experienced and motivated colleagues? Are you able to relate well to people from different backgrounds and cultures? Do you enjoy working with large datasets to find 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 MRoAWork with the regional office to determine Terms of TradeLiaise with retail and group pricing teams and valuations team on assumption settingSupport overall Life Business strategy & risk managementMaintain the highest standard of technical competence & ensuring global and local guidelines are followedPartner with business to provide valuable insight to influence strategy and long-term decision makingTrain and upskill junior team members on Terms of Trade settingYour profile: FASSA/equivalent actuarial qualification or nearly qualified Actuary5+ years' experience deriving terms of trade and/or doing experience studiesSound understanding of South African life insurance products and market dynamicsAnalytical and statistical skillsExcellent programming skills in actuarial/statistical programming languagesVBA/ExcelSQL ServerR/Python or any relevant software programmeAt 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.
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