Financially Motivated Reinsurance Actuarial Consultant
Munich Re
Johannesburg, South Africa
1d ago

Munich Reinsurance Company of Africa Limited (MRoA) has been operating in South Africa for 50 years, although the Munich Re (Group) was active on the Continent via Munich Re in Munich for some years prior to commencing the Southern African operation in Johannesburg in 1968.

The Head Office of MRoA is in Johannesburg, with a client service Life office situated in Cape Town.

Your job

Develop, market, implement and monitor the financial performance of Financially Motivated Reinsurance solutions for Munich Re of Africa (MRoA) Life’s clients ensuring that that new business and financial profitability targets are met. The role includes :

  • Research and understand the capital management and profitability stresses of MRoA’s Life clients
  • Identify and design financially motivated reinsurance solutions for such clients with support from management
  • Market appropriate Fin Mo Re solutions to MRoA’s Life clients (under supervision until proficient)
  • Implement the Fin Mo Re solutions ensuring that risk, profitability and credit measures of the Munich Re Group are satisfied
  • Ensure that the data requirements and technical input needed to price Fin Mo Re transactions are in place
  • Draft internal risk assessment, credit analysis and Fin Mo Re transaction reports
  • Develop financial models to assess the profitability of Fin Mo Re transactions and analyse the risk and variability of profitability of the transaction to the relevant factors impacting profitability
  • Implement regular profit measurement calculations to manage the profitability of Fin Re transactions
  • Maintaining the highest standard of technical competence & ensuring group guidelines are followed
  • Supporting overall Life Business strategy & risk management function
  • Your profile

  • 2+ years experience in either Life / Reinsurance / Corporate Actuarial insurance or reinsurance business
  • Sound technical understanding of life insurance dynamics products, regulatory factors, market environment
  • Strong analytical skills, statistical skills and attention to detail
  • Ability to multi-task wide range of deliverables
  • Good verbal, communication, presentation and negotiation skills
  • Excellent skills in actuarial modelling packages / VBA / Excel
  • Able to work under pressure
  • Skills required

  • Strong numerical and analytical skills
  • Strong problem solving and analytical skills
  • Excellent communication skills
  • Ability to communicate effectively in a technical and non-technical manner and at all levels
  • Attention to detail
  • VBA programming experience
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