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Senior Actuarial Student/Recently Qualified Actuary Research & Analytics

About Us:

General Re Corporation, a subsidiary of Berkshire Hathaway Inc., 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 conduct 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 more than 40 offices, we have earned superior financial strength ratings from each of the major rating agencies.

General Reinsurance Africa Ltd (a subsidiary of General Reinsurance AG) currently has an excellent opportunity for a nearly or recently qualified Actuary, in Life/Health based in our Cape Town office. Applicants with Master’s level qualification in statistics, mathematics or computer sciences and relevant experience will also be considered.

Job Description:

This is a challenging and rewarding role involving multiple work areas for Gen Re internally, internationally as well as for our clients both locally and internationally:

  • Internal and external research relating to pricing, products, underwriting, claims and other areas related to life insurance.
  • Understanding data and applying modern analytical techniques to the data.
  • Implementing practical changes based on research and analytics in various areas of business.
  • Support of analysis and assessment of life and health reinsurance portfolios for the purposes of risk management, experience study, planning and quotation.
  • Supporting large research projects and surveys.
  • Presentations and training measures for clients.
  • Marketing activities, including giving presentations at conferences and writing articles.
  • Participation in international projects.

Experience/Qualifications:

We are looking for top applicants that have graduated with degrees in Actuarial Science or Mathematics and be nearly or recently qualified actuaries. Applicants with Master’s level qualification in statistics, mathematics or computer sciences and relevant experience will also be considered.

Applicants should also have significant experience in applying statistical and machine learning techniques in financial services or related business to solve problems in practical and implementable ways. Experience with researching and assessing the business relevant impact of external trends is also very important.

Requirements:

  • Excellent skills in actuarial modelling, data and statistical analysis
  • Excellent online research skills
  • Good commercial awareness
  • Excellent numerical and analytical skills
  • Excellent IT skills (MS Office, SQL Server, Working with large datasets)
  • Strong statistical software skills (R including machine learning, GLMs)
  • 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 and engage with clients
  • Strong communication skills including verbal and written skills including the ability to summarise and explain complex information clearly and concisely.

Does this sound exciting?

Preference will be given, but not limited to, candidates from designated groups in terms of the Employment Equity Act and in line with our employment equity policy. Please submit your CV together with details of your salary expectations.

Please note, only successful applicants will be contacted.

Contact:

Human Resources
careerscapetown@genre.com

Our Address:

2nd Floor, South Wing, Granger Bay Court, Granger Bay, V&A Waterfront,
Cape Town, 8002 (South Africa)
P. O. Box 444 Cape Town, 8000 (South Africa)

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