Careers

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.