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Actuarial Graduate Trainee
Location Johannesburg, South Africa
Job type Full-Time
Work mode Hybrid
Job level Graduate & Entry-Level
Job ID 11065
Company Munich Re
Employment type Regular
Area of expertise Actuarial & Risk Management
We are looking for Actuarial Graduate Trainees to join our Munich Reinsurance Africa Branch Team.
Your Programme:
As a Graduate, you will:
- Take part in soft skills and technical training
- Conduct day-to-day business unit specific tasks
- Participate in team specific tasks and deliverables
- Participate in cross-divisional project teams
- Participate in team and business projects
Exposure may include (department dependent):
- Transform client data into a useable format for analysis
- Calculate group risk quotes, for all benefits, using the tools provided
- Understand the modelling and pricing of reinsurance and insurance products
- Identify risk, assess these and document accordingly
- Check data and create movement analysis
- Review, report and calculate reserves
- Use and run models
- Review, compile and/or provide content to actuarial/risk reports
Your profile:
- Recent Actuarial Science Graduate (Undergraduate/Honours) – due to onboarding timelines, final year students completing their undergraduate degree in 2025 will not be considered for this intake
- Good coding/programming skills
- Ability to work under pressure and multitask
- Working knowledge of statistical and mathematical methods and analysis
Munich Re will offer:
- Learning and Development opportunities
- Support with Actuarial Exams
- 12 months fixed term contract (with a possible 12-month extension)
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 center of this interaction is each of us. As part of our commitment to opportunity, growth and diversity, preference may be given to EE candidates.
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.
See the area you’ll be working in
Get an idea of what your daily routine around the office can be like.
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