Actuarial Analyst

Hannover Re - with around 3,900 employees at locations all over the world. Our strength? Connecting Power:
We rely on each other. As a reinsurer, we protect customers in the event of a claim. This requires customised, innovative solutions. Solutions that worked yesterday may be outdated tomorrow. We challenge ourselves and continuously optimise our services, advice and products. All this makes us one of the leading and most profitable reinsurance groups in the world and a reliable employer.

If you have a passion for niche short-term insurance and possess a strong technical background in the short-term insurance or reinsurance industry,
Compass Insure with an office in Johannesburg, South Africa has a role just for you. See more details related to the role below, which is available on a permanent full-time basis commencing at the earliest possible date as an Actuarial Analyst within the Actuarial & Analytics unit.

Financial Planning - Involvement in the entire IFRS 17 financial planning process and integration with the capital model

Capital and ORSA - Assisting with the entire process surrounding local regulatory capital (SAM) and ORSA calculations

Reserving - Assisting the Compass Insure reserving team during key valuations, ultimately involving the determination of key reserve components across SAM and IFRS
17 bases

Reinsurance optimisation - For the businesses comprehensive reinsurance structures, assisting with fulfilling key reinsurance modelling considerations ahead of renewals

Stakeholder engagement - reporting for and engaging with various internal and external stakeholders across the areas of responsibility

Data and data quality within the ambit of the role

• Preferably completion of ASSA A1 & A2 Technical exams / IFoA equivalent
• Minimum 3 years of non-life insurance experience within the Capital
• Knowledge of technical requirements in short term insurance or reinsurance surrounding SAM valuation principles
• Proven track record of the application of actuarial principles and methods
• Knowledge of the South African Regulatory environment for non-life insurers
• Demonstrated ability to distil and communicate complex financial information and reports to various parties
• Ability to critically assess and review own work
• Computer skills – Advanced MS Office, Intermediate to advanced proficiency in SQL and Power BI
• Proficient in English

Employment Equity

Employment Equity South African Citizens as qualified by the Employment Equity Act will be given preference in relation to the company’s Employment Equity Plan. A relevant work permit is required if a foreign national or non-South African citizen applies for the role.

Atmosphere:
You will find an international working environment with short decision channels, an open feedback culture and a sense of community shaped by mutual esteem and a readiness to help. Benefits:
Structured onboarding, flexible working hours, benefits superior to those of the collective agreement as well as modern offers for personal development, health management and work-life balance are just some of our benefits. Prospects:
You contribute your specialist and methodological expertise and we offer you fresh input and the opportunity to further develop your potential – including room to come up with innovative ideas and act on them!