Reserving Actuary Job Cape Town area,South Africa,Finance & Banking

Shape Your Future With Us

General Re Corporation, a subsidiary of , is a holding company for global reinsurance and related operations, with more than 2,000 employees worldwide. It owns General Reinsurance Corporation and General Reinsurance AG, which conducts business as Gen Re.

Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of , we have earned superior financial strength ratings from each of the major rating agencies. We value diversity, equality and inclusion and promote a culture that supports professional and personal growth.

General Reinsurance, Cape Town Branch (a subsidary of General Reinsurance AG) is offering an opportunity for Reserving Actuary in our Life Australia, UK, SA, Canada division.

Key Responsibilities

Gen Re is looking for an actuary with 3-6 years working experience to join our valuations team. The position will report to the Reserving Manager.

Assist with financial reporting on a US GAAP and IFRS basis

Assist with regulatory reporting for SAM and Solvency II

Engaging with internal and external auditors after the year end

Assist with the any further system design developments required from a US GAAP LDTI and IFRS 17 perspective

Analyse valuation data and results to gain a deeper understanding and insight into the business

Development and maintenance of tools to analyse actuarial data to enhance management and regulatory reporting

Monitoring and provision of management information

Participation in international projects (for example US GAAP LDTI /IFRS 17 / Admin Data Systems projects)

Automation of models and business processes

Analyse and assess the valuation data for the purpose of experience studies or assumption setting.

Qualifications & Experience

Qualified actuary with a minimum of 3 years’ experience

Excellent IT skills (MS Office, SQL Server, working with large datasets)

Strong problem-solving skills, particularly when in new situations or dealing with clients

Excellent skills in actuarial modelling, data, and statistical analysis

Strong statistical software skills (Knowledge of R, Python and GGY AXIS will be advantageous)

Excellent numerical and analytical skills

Consistent pursuit of excellence in execution and delivery

Self-motivated with a flexible attitude and enthusiasm for the role

Excellent verbal and written communication skills

Ability to work with minimum supervision

Strong interpersonal skills with an ability to work effectively as part of a team, deal with people at all levels and in all areas of the business

Able to work under pressure in meeting internal and external deadlines

Confident when communicating with more senior team members/colleagues throughout the organisation

Knowledge of SAM, Solvency II and IFRS
17 will be advantageous


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