Munich Reinsurance Company of Africa (MRoA) Graduate/ Internship (Johannesburg, Gauteng) South Africa 2022

By | July 27, 2022

Munich Reinsurance Company of Africa (MRoA) Graduate/ Internship (Johannesburg, Gauteng) South Africa 2022

 

APPLICATION DEADLINE:

31 August 2022.
Be sure to apply on or before this date - any applications submitted after this date are late and will NOT be accepted.
 

DETAILS ABOUT THE INTERNSHIP PROGRAMME:

Location: Johannesburg, Gauteng

MRoA is offering a graduate internship opportunity to candidates interested in pursuing a career within the Insurance industry. Through the programme, candidates will gain valuable workplace skills and knowledge by engaging in soft skills and technical training.

Some of the valuable skills and training exposure the candidate will engage in are:

  • How to transform client data into a useable format for actuarial analysis
  • How to analyse pricing bases from a given set of assumptions
  • How to use the accurate tools to calculate group risk quotes for all benefits
  • How to accurately understand the modelling and pricing of transactions
  • How to identify risks, conduct assessments, report, and documenting
  • How to conduct data checks and reconciliations to actuarial investigations (this includes movement analysis)
  • How to review, report, and calculate reserves
  • How to utilise and run actuarial models

 

Key Performance Areas of the Programme:

  • Conducting daily business unit-specific tasks
  • Participating in team-specific tasks and deliverables
  • Participating in cross-divisional project teams
  • Participating in Company Business and team projects

Training exposure may include the following (depending on which department you are placed in):

  • Learning how to transform client data into a format that usable for actuarial analysis
  • Learning how to acquire pricing bases from a given set of assumptions
  • Learning how to calculate group risk quotes for all benefits using tools provided
  • Learning how to understand the modelling and pricing of transactions
  • Learning how to identify risks, assess, document, and reporting
  • Learning how to conduct data checks and reconciliations to actuarial investigations (this can include movement analysis)
  • Learning how to report, review, and calculate reserves
  • Learning how to utilise and function actuarial models

Benefits of the programme:

  • Working for a company that understands the importance of work-life balance
  • The opportunity to work within a supportive environment
  • Competitive remuneration
  • Learning and development opportunities
  • Ongoing support with actuarial exams
  • A 12-month fixed-term contract (with the possibility of a 12-month extension)

 

MINIMUM REQUIREMENTS NEEDED TO APPLY:

Before applying, please ensure that you meet ALL of the following minimum entry criteria – failure to satisfy all the requirements will result in your application being disqualified:

  • Must be a final year Actuarial Science student or a recent Actuarial Science graduate
  • Must showcase excellent academic ability with a minimum aggregate of 65%
  • Must have excellent computer knowledge, with proficiency in Excel
  • Must have a working knowledge of statistical and mathematical methods and analysis
  • Must be able to work well in a team
  • Must be able to work with a diverse group of people
  • Must be technologically-savvy
  • Must be an analytical thinker
  • Must have excellent interpersonal skills
  • Must have excellent communication skills
  • Must be able to work well under pressure
  • Must be able to multitask

 

HOW TO APPLY FOR THE INTERNSHIP POSITION:

Applications must be submitted online for the following position:
Munich Reinsurance Company of Africa (MRoA) Graduate/ Internship (Johannesburg, Gauteng)
 

Attach the following documents to your application:

  • An updated Curriculum Vitae
  • Copies of your academic transcripts

 

Please note:

  • Emailed applications will NOT be considered
  • Please ignore email on assessments after completing your application
  • If you have not heard a response within 3 weeks of the closing date, consider your application unsuccessful

 

ABOUT THE COMPANY PROVIDING THE INTERNSHIP:

Munich Reinsurance is a global lead German insurance company, headquartered in Munich. The Munich Re group was active in Africa for many years and officially commenced its South African operation in Johannesburg in 1968. In 1980, the Munich Reinsurance Company of Africa (MRoA) was established, headquartered in Johannesburg with its client service Life Office based in Cape Town. In 2015, MRoA established a new business strategy for Africa to focus skills and expertise in one specific location- Johannesburg. MRoA owes its success and expertise to its close contact relationship with its clients across South Africa and Sub-Saharan Africa, enhancing its communication channels and travel connections.
 

CONTACT THE INTERNSHIP PROVIDER FOR QUERIES:

For any queries related to this internship programme, please contact Munich Reinsurance Company of Africa directly:
Email address: rkgang@munichre.com