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Life Actuary / Senior Actuarial Student

Shape Your Future With 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 offers an excellent opportunity for a Life Actuary / Senior Actuarial Student in our Cape Town office.

Your Role

Gen Re is looking for a senior actuarial student or recently qualified actuary in the valuations team. The position will report to the Head of Actuarial Control Function.

  • Assist with financial reporting on a US GAAP and IFRS basis
  • Assist with regulatory reporting for SAM and Solvency II
  • Assist with the design and implementation of US GAAP LDTI and IFRS 17 systems
  • 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 US GAAP LDTI and IFRS 17
  • Automation of models and business processes

Your Profile

Applicants should have graduated with degrees in Actuarial Science or Mathematics and be part-qualified with successful exam progression or recently qualified actuaries.

  • Strong problem-solving skills, particularly when in new situations or dealing with clients
  • 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
  • Excellent IT skills (MS Office, SQL Server, working with large datasets)
  • 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
  • Excellent skills in actuarial modelling, data and statistical analysis
  • Knowledge of SAM, Solvency II and IFRS17 will be advantageous

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.

Does this sounds exciting?

If you are interested in this position, please submit your CV together with details of your salary expectations and your earliest possible starting date to

The closing date for applications is 31 December 2020.

Only successful candidates will be contacted.


Human Resources

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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