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Actuarial Graduate Learner

Location Johannesburg, South Africa Job type Full-Time Work mode Hybrid Job level Graduate & Entry-Level Job ID 14363 Company Munich Re Employment type Temporary Area of expertise Actuarial & Risk Management
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We are looking for a highly motivated Actuarial Graduate Trainee to join our Non-Life Corporate Actuarial team. This role offers exposure to non-life reserve monitoring and projection, IFRS 17 reporting, regulatory reporting, and business performance analysis across the Sub-Saharan African portfolio, providing a strong foundation for a career as a professional actuary.

Your Programme:

As a Graduate, you will:

  • Participate in soft skills and technical training,
  • Receive mentorship and on-the-job training from experienced actuaries,
  • Gain experience across reserving, financial reporting, capital management and business performance analysis,
  • Participate in cross-functional workstreams, and
  • Develop a strong understanding of the role of a reserving and reporting actuary within a global reinsurance environment.

Broader exposure may include:

  • Supporting the quarterly and annual non-life reserving process,
  • Assisting with IFRS 17 reporting, quality assurance of input assumptions, and analysis of financial results,
  • Supporting regulatory capital reporting,
  • Performing data validation, reconciliation, and movement analyses,
  • Analysing trends and performance of non-life reinsurance business,
  • Working with actuarial models and reporting tools,
  • Developing and automating actuarial processes using Excel, programming and data analytics tools,
  • Preparing actuarial reports, presentations, and management information, and
  • Collaborating with actuaries and stakeholders across the business and globally.

Your profile:

We are looking for candidates who demonstrate strong analytical ability, intellectual curiosity and a passion for solving complex business problems.

Requirements:

  • Recent Actuarial Science Graduate (Undergraduate/Honours).  Due to onboarding timelines, applicants who will only complete their undergraduate degree in 2026 will not be considered for this intake. 
  • Working knowledge of statistical and mathematical methods and analysis
  • Strong attention to detail and commitment to producing high-quality work
  • Good written and verbal communication skills
  • Ability to learn quickly, manage multiple priorities, and work effectively within a team
  • Please include your academic transcript.  Applications submitted without an academic transcript may not be considered.

Munich Re will offer:

  • Learning and Development opportunities
  • Support with Actuarial Exams 
  • 12 months fixed term contract (with a possible 12-month extension)

We see DEI as a business imperative, helping us to attract, grow and inspire a diverse, inclusive, and equitable workforce that better enable us to serve our customers, investors, and communities. Globally, we strive to build balanced teams across all aspects of difference. As part of our commitment to opportunity, growth and diversity, preference may be given to candidates in line with our Employment Equity Plan.  If you are interested in the role and believe you could contribute, we encourage you to apply even if your experience doesn't perfectly match every qualification.

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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