Your Business Unit: The MRoA Structured Solutions business unit is the leading player in the Sub-Saharan region that develops tailored cash financing, profitability management and capital optimisation reinsurance solutions for its life assurance clients. Your Team: The MRoA Structured Solutions Team is an experienced and highly qualified team of professionals with multiple skills (Capital Management, Reinsurance Pricing, Investment Management&Research, Investment Banking, Actuarial) that designs, markets and implements innovative reinsurance solutions to insurers in the Sub-Saharan region. The candidate will join this top rated and highly skilled team in a senior role. The role will also collaborate closely with the Regional Structured Solutions team covering the Asian Pacific, Middle Eastern and African regions. Your job: Are you passionate about developing innovative solutions that increase financial growth for our clients? As the Senior Actuary for MRoA – Structured Solutions , you will play a pivotal role in helping our clients achieving their business goals. Reporting to the Head of MRoA Structured Solutions, you will have the following key accountabilities: Solution Development&Drive to Close Deals • Analyze the financial, trading and regulatory environment in which the life assurance clients operate to identify areas where structured reinsurance solutions support the clients strategic objectives. • Develop innovative financial solutions that are compliant with regulatory requirements and Munich Re’s risk appetite that help clients achieve their business plans. • Provide insights which enhance the MRoA Structured Solutions team&Regional Structured Solutions teams’ understanding of the Sub-Saharan region markets, identify potential business opportunities considering regulatory/accounting trends. • Partner and coordinate with Regional Structured Solutions team to design and develop best solutions for clients. • Perform actuarial pricing of large/complex structured reinsurance quotes. • Review actuarial pricing carried out by team members while balancing commercial and customer value. • Lead the end-to-end project implementation, including negotiating contract terms (including but not limited to pricing) with best efforts to close profitable deals within defined deadlines. • Assuming a leading role in the technical due diligence and actuarial technical matters to ensure Munich Re Group’s standards are met in all pricing activities carried out by the MRoA Structured Solutions team. Client Management&Business Development • Actively drive acquisition of new business from new and existing clients. • Being the first point of contact for clients by building sound relationships supporting ongoing client management (e.g. coordinate accounts, updating clients on market development, clarification with clients on various aspects of a transaction etc.). • Prepare professional presentations that are customized to be solution-oriented to the needs and requirements of clients. Contribute to Team Growth • Support Head MRoA Structured Solutions to drive the highest standard of technical competences in MRoA Structured Solutions team&ensure Munich Re Group’s guidelines are followed. • Drive process improvements and offer training support to improve MRoA Structured Solutions team’s expertise. • Monitor the financial performance of MRoA Structured Solution’s reinsurance treaties. • Participate in ad-hoc projects based on business priorities. Your profile: We are looking for a high caliber, results-driven and independent professional with a strong commitment to quality and timely delivery of business results. Minimum Qualifications: • Actuarial qualification: Fellowship of a recognized Actuarial Society. Minimum Experience: • 10+ years of experience in an insurance, reinsurance, actuarial consulting or corporate actuarial role. Experience in capital management or investment market analysis will be beneficial. • Strong familiarity with accounting, finance, and actuarial concepts. Job-Specific Knowledge&Skills: • Sound understanding of life and health insurance and reinsurance in South Africa and other Sub-Saharan markets. • Strong knowledge in insurance and financial regulatory requirements and accounting standards. • Experience in client management and business development. • Distinct problem solving skills, creativity, critical thinking and focus on achieving business results. • Excellent interpersonal and communication skills. • Excellent technical actuarial skills. • Strong presentation and negotiation skills. • A team player with a “can-do” attitude. • Good command of actuarial modelling packages and MS Office suite (PowerPoint, Excel, Word). You will work in an environment where we aspire to think big: Change and culture are challenged. We communicate a compelling and shared purpose and direction. We pave the way towards success and see failure as learning. You are going to experience that we care&dare: We are empathetic. We know when to lead and know when to let others lead. We attract, grow and coach future leaders. We aim to communicate in a clear&authentic way: We solicit feedback, ask and listen, learn and unlearn. You will grow with your clients: Whatever our role, we support business, in a thoughtful way, to create value for our clients. We embrace new ways of working applying digitalization to provide solutions. We lead the We: We have a passion for winning and growing as a team. We inspire people to deliver a joint performance. We create an inclusive environment where different thoughts, generations, cultures and experiences are valued and encouraged. This is a permanent position and is based in Johannesburg, South Africa. Consideration may be given to the position being based in Cape Town. Please apply to the advert or through our careers page. We do not accept CV's by email. We do respond by email to all applications received through our advert. If you have not heard from us, please check your spam email folder. If you have any queries, please contact the Talent Acquisition Specialist, Sumenthra Kander at Skander@munichre.com. About Munich Re: Founded in 1880, Munich Re Group is on the world's leading providers of primary insurance, reinsurance and insurance related risk solution. As pioneers in risk assessment, we promote the digital transformation of the global insurance landscape, expanding products and services as new forms of risk emerge. From space rocket launches to cyber-attacks, from high net worth individual life cover to pandemic, we take care of risk, so our clients can take care of their business. At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experience, perspectives and thought. This interaction is the foundation of our open culture, spirit of partnership, of how our teams are built and cultivated, and of how we are supported and developed. And at the centre of this interaction is each of us. #J-18808-Ljbffr