Reserving Actuary needed at Gen Re

• General Reinsurance, Cape Town Branch (a subsidary of General Reinsurance AG) is offering an opportunity for  Reserving Actuary in our Life Australia, UK, SA, Canada division.

Key Responsibilities

• Gen Re is looking for an actuary with 3-6 years working experience to join our valuations team. The position will report to the Reserving Manager.
• Assist with financial reporting on a US GAAP and IFRS basis
• Assist with regulatory reporting for SAM and Solvency II
• Engaging with internal and external auditors after the year end
• Assist with the any further system design developments required from a US GAAP LDTI and IFRS 17 perspective
• 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 example US GAAP LDTI /IFRS 17 / Admin Data Systems projects)
• Automation of models and business processes
• Analyse and assess the valuation data for the purpose of experience studies or assumption setting.

Qualifications & Experience

• Qualified actuary with a minimum of 3 years’ experience
• Excellent IT skills (MS Office, SQL Server, working with large datasets)
• Strong problem-solving skills, particularly when in new situations or dealing with clients
• Excellent skills in actuarial modelling, data, and statistical analysis
• Strong statistical software skills (Knowledge of R, Python and GGY AXIS will be advantageous)
• 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
• 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
• Knowledge of SAM, Solvency II and IFRS17 will be advantageous