Skip to main content
Get Job Alerts Saved Jobs View All Jobs

Senior Actuarial Analyst

Location Johannesburg, South Africa Job type Full-Time Work mode Hybrid Job level Professional Job ID 13249 Company Munich Re Employment type Regular Area of expertise Actuarial & Risk Management
Apply Now

This role suits an actuarial analyst who enjoys working within a collaborative and skilled team environment. You will work closely with colleagues from diverse backgrounds and cultures and apply a strong attention to detail in your work. If this resonates with you, this may be an excellent opportunity to consider.

YOUR JOB

This role is within the Corporate Actuarial Life team, a small team of aspiring actuaries. You will report to the Head of Life Valuations.

  • Deliver insightful analysis of valuation data to support strategic decision-making
  • Drive quarterly reserving processes, including prospective reserve calculations, IBNR estimation, and proactive monitoring of claims experience
  • Support key financial reporting frameworks (IFRS 17, IFRS 9, Solvency II, and SAM), ensuring accurate and timely delivery to stakeholders
  • Produce and analyse business performance metrics, including OVAC and Value of New Business (VNB)
  • Contribute to model enhancements and assumption updates, supporting the continuous improvement of actuarial frameworks
  • Guide and mentor junior or less-experienced actuarial team members, supporting capability development within the team

YOUR PROFILE 

  • Bachelor’s degree in Actuarial Science or Business Science
  • Qualified or nearly qualified actuary
  • Around three years of relevant work experience
  • Intermediate knowledge of reserving
  • Understanding of life actuarial modelling
  • Exposure to life insurance products
  • Strong communication and interpersonal skills
  • Ability to manage competing priorities and meet deadlines effectively
  • Structured and creative in thought and action, with openness to new ideas and solutions
  • Experience demonstrating positive professional behaviours within a team environment, with strong collaboration skills
  • A team-oriented mindset with an interest in developing, maintaining, and sharing expertise

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 centre of this interaction is each of us. As part of our commitment to opportunity, growth and diversity, preference may be given to candidates in line with our Employment Equity Plan.

Apply Now

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.

Explore Location

This may interest you

Featured Jobs

View jobs to show jobs list.

Save jobs to show jobs list.

View All Jobs

Activate your job alert

Looking for the ideal professional challenge? Stay informed with the Munich Re Group job alert service: Munich Re, ERGO Group and MEAG offer a wide range of opportunities. Once you have set up the service, you'll receive automatic email updates on new job vacancies that match your search criteria.

Interested InPlease select a category, location, and/or company option. Click “Add” to create your job alert. You can add more than one combination to your alert.

By signing up, I acknowledge that I have read the privacy policy, and I wish to receive email communications.

To complete the Job Alert, your e-mail address, and the filter criteria you selected will be processed. The processing of the data is exclusively for the purpose of sending the Job Alert e-mails. With deletion of the Job Alert, your data will also be deleted. You can find further information about our imprint here: Privacy Policy.