Gen Re

Shape Your Future With Us

General Re Corporation, a subsidiary of Berkshire Hathaway Inc., is a holding company for global reinsurance and related operations, with more than 2,000 employees worldwide. It owns General Reinsurance Corporation and General Reinsurance AG, which conducts business as Gen Re.

Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. Represented in all major reinsurance markets through a network of 37 offices, we have earned superior financial strength ratings from each of the major rating agencies. We value diversity, equality and inclusion and promote a culture that supports professional and personal growth.

General Reinsurance, Cape Town Branch (a subsidary of General Reinsurance AG) is offering an opportunity for Reserving Actuary - 12 Month Contract in our Life Australia, UK, SA, Canada division.

Key Responsibilities

In this role you will be supporting the Australian Appointed Actuary and the valuation team with statutory financial and capital reporting requirements by performing several key steps in the valuation process.

Key Accountabilities:

• Maintenance and improvement of data preparation process for actuarial models, with particular focus on the Open Claims reserve data preparation.
• Contributing to the management and validation of modelling data, ensuring its accuracy and integrity for calculations.
• Running and maintenance of existing actuarial models with the aim of assisting the business to streamline the use of legacy systems.
• Regulatory and management reporting under various accounting and capital regimes including generation of cash flow projections on the various bases.
• Assisting with the update of best estimate assumptions and the impact assessments of proposed changes.
• Assisting with the quarterly capital calculations and updating required inputs
• Monitoring of individual client company results
• Contribution to valuation projects, including process improvement other ad-hoc projects that arise from time-to-time.

Requirements:

• Being available to liaise and work with colleagues in Australian time zones.
• Peak work periods at quarter and calendar year ends.

Qualifications & Experience

The essential requirements and underlying capabilities to be effective in this role include:

Essential

• Qualified Actuary.
• Minimum 2 years of experience as an actuarial analyst, preferably in a valuation role.
• Detailed knowledge and understanding of the insurance and reinsurance industry, including AASB17 and reporting standards.
• Strong written and verbal communication skills.
• Familiarity with actuarial software modeling, including coding experience.
• Able to work independently but collaboratively in a small team.
• Contribute to and promote a positive and collaborative culture, with ability to follow through, show initiative and a commitment to quality.

Desired

• Advanced proficiency in Microsoft Excel, R and SQL highly advantageous.
• Experience with Mo.Net and/or Prophet or GGY AXIS advantageous.

Contact

Human Resources

Our Address

General Reinsurance Africa Ltd.

(Reinsurer licensed to conduct composite insurance business)

2nd Floor, Waterway House North, 3 Dock Road V&A Waterfront,

Cape Town, 8001 (South Africa)

Preference will be given, but not limited to, candidates from designated groups in terms of the Employment Equity Act and our employment equity policy.