Title:  Senior Actuary: Structured Solutions Portfolio

Career Level 4

We are looking for a Senior Actuary in our top performing Life Structured Solutions Team to manage the high growth, multi-billion rand structured solutions portfolio.  You will report directly to the Head of Structured Solutions Munich Reinsurance Africa Branch (MRAB) and closely collaborate with the Regional Structured Solutions Team covering the Asian Pacific, Middle Eastern and African regions.  This role does not include any direct reports.   

Your Role:

•    Manage the financial performance of MRAB’s Structured Solutions reinsurance treaties.
•    Identify and implement improvements to the financial and risk management processes monitoring the in-force reinsurance portfolio, ensure the infrastructures meet our evolving business needs. 
•    Perform experience and other investigations on the portfolio and make sound risk and profitability management recommendations.
•    Coordinate with valuation teams, accounting teams, Regional Structured Solutions team and central units to fulfil the ongoing monitoring and reporting requirements
•    Support the quarterly and annual Solvency II, IFRS and local statutory reporting (if applicable) of LH2 financial reinsurance transactions
•    Provide up-to-date insights on the regulatory, market and economic factors that affect  the performance of MRAB’s Structured Solutions’ portfolio.
•    Ensure compliance with the relevant regulatory requirements of  the portfolio and  the Munich Re Group standards.
•    Train and develop MRAB Structured Solutions team in the fields of risk and profitability management.
•    Senior contributor to the development and implementation of MRAB Structured Solutions strategy goals .

Your profile:

•    Actuarial Qualification: Fellowship of a recognised Actuarial Society. 
•    Minimum of 10 years’ experience in life insurance, reinsurance, actuarial consulting, corporate actuarial, financial reporting or life insurance auditing. Experience in insurance capital management or investment market analysis will be beneficial.
•    Technically strong in accounting, financial reporting and actuarial concepts.
•    Sound understanding of Life & Health insurance and reinsurance markets in South Africa and other Sub-Saharan African markets.
•    Detailed knowledge in insurance and financial services regulatory requirements and insurance accounting standards.

Our Benefits

•    Life and Health Benefits
•    Retirement Benefits
•    Hybrid working environment
•    Bonus Scheme
•    Employee Assistance Program

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.

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