Job Description

Career Level 3

Your Business Unit:

The Experience Analysis and Terms of Trade business unit is a core functioning unit of the Life Business. The unit analyses client data to develop a terms of trade by which the Life Business conducts business. The business unit services the Life Product and Pricing and Valuations teams.

Your Team:

The Experience Analysis team is an experienced and highly qualified team of professionals with multiple skills (Actuarial, Data Analytics, Rate Setting, Research and Development) that analyses client's data (using Axis Experience Analysis software) to understand client specific and market experience over time for various lines of business. The candidate will join this top rated and highly skilled team in a junior role.

Your Job:

Are you an actuarial analyst or trainee who enjoys being part of a team of highly skilled and motivated colleagues? Do you enjoy data analytics, monitoring client experience and working with detailed data? If you answered yes to the above then this might be the opportunity for you.

• Consolidate, validate and transform client data into the required format
• Use Axis software to perform an experience analysis
• Validate experience analysis results for reasonability and accuracy
• Assumption setting and basis review
• Partnering with business to provide valuable insight to influence strategy and long term decision making
• Spot checking and model validation

Your profile:

• Bachelor's degree in Actuarial or Business Science
• At least 5 actuarial exams
• At least one year of work experience
• Proficient in Microsoft SQL Server Management Studio
• Proficient in Microsoft Excel and Power BI
• Entry-level knowledge of experience analyses
• Understanding of life actuarial modelling
• Some life insurance product knowledge
• Strong communication and interpersonal skills
• Ability to work under pressure

Our Benefits:

• Life and Health Benefits.
• Retirement Benefits.
• Hybrid working environment.
• Bonus Scheme.
• Employee Assistance Program.
• Wellness Programs.
• Global Mobility

You will work in an environment where we aspire to think big: Change and culture are challenged. We communicate a compelling and shared purpose and direction. We pave the way towards success and see failure as learning.

You are going to experience that we care & dare: We are empathetic. We know when to lead and know when to let others lead. We attract, grow and coach future leaders.

We aim to communicate in a clear & authentic way. We solicit feedback, ask and listen, learn and unlearn.

You will grow with your clients: Whatever our role, we support business, in a thoughtful way, to create value for our clients. We embrace new ways of working applying digitalization to provide solutions.

We lead the We: We have a passion for winning and growing as a team. We inspire people to deliver a joint performance. We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged.

#LI-Hybrid

This is a permanent position and is based in Johannesburg, South Africa.

The closing date for this opening is 17 November 2023.

Please apply to the advert or through our careers page. We do not accept CV's by email. We do respond by email to all applications received through our advert. If you have not heard from us, please check your spam email folder. If you have any queries, please contact the Talent Acquisition Specialist, Sumenthra Kander at Skander@munichre.com.

About Munich Re:

Founded in 1880, Munich Re Group is on the world's leading providers of primary insurance, reinsurance and insurance related risk solution. As pioneers in risk assessment, we promote the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber-attacks, from high net worth individual life cover to pandemic, we take care of risk, so our clients can take care of their business.

Disclaimer:

At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experience, perspectives and thought. This interaction is the foundation of our open culture, spirit of partnership, of how our teams are built and cultivated, and of how we are supported and developed. And at the centre of this interaction is each of us.

Munich Re