2 Junior actuary Jobs and Work in Gauteng

Senior Actuarial Analyst
Munich Re —Johannesburg, Gauteng
- Full-time
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3h

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Senior Actuarial Analyst

Munich Re -
Johannesburg, Gauteng

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Job Details

Full-time

Full Job Description

Location Johannesburg, South Africa Job type Full-Time Work mode Hybrid Job level Professional Job ID 13249 Company Munich Re Employment type Regular Area of expertise Actuarial & Risk Management

This role suits an actuarial analyst who enjoys working within a collaborative and skilled team environment. You will work closely with colleagues from diverse backgrounds and cultures and apply a strong attention to detail in your work. If this resonates with you, this may be an excellent opportunity to consider.

YOUR JOB

This role is within the Corporate Actuarial Life team, a small team of aspiring actuaries. You will report to the Head of Life Valuations.

Deliver insightful analysis of valuation data to support strategic decision-making
Drive quarterly reserving processes, including prospective reserve calculations, IBNR estimation, and proactive monitoring of claims experience
Support key financial reporting frameworks (IFRS 17, IFRS 9, Solvency II, and SAM), ensuring accurate and timely delivery to stakeholders
Produce and analyse business performance metrics, including OVAC and Value of New Business (VNB)
Contribute to model enhancements and assumption updates, supporting the continuous improvement of actuarial frameworks
Guide and mentor junior or less-experienced actuarial team members, supporting capability development within the team

YOUR PROFILE

Bachelor’s degree in Actuarial Science or Business Science
Qualified or nearly qualified actuary
Around three years of relevant work experience
Intermediate knowledge of reserving
Understanding of life actuarial modelling
Exposure to life insurance products
Strong communication and interpersonal skills
Ability to manage competing priorities and meet deadlines effectively
Structured and creative in thought and action, with openness to new ideas and solutions
Experience demonstrating positive professional behaviours within a team environment, with strong collaboration skills
A team-oriented mindset with an interest in developing, maintaining, and sharing expertise

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 centre of this interaction is each of us. As part of our commitment to opportunity, growth and diversity, preference may be given to candidates in line with our Employment Equity Plan.

Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

Apply Now

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