African Reinsurance Corporation (Africa Re) Young Actuarial Professionals Programme (YAPP) 2023

The African Reinsurance Corporation (Africa Re) is the leading African reinsurance company with headquarters in Lagos (Nigeria). Africa Re has six regional offices: Casablanca (Morocco), Abidjan (Côte d’Ivoire), Nairobi (Kenya), Lagos (Nigeria), Cairo (Egypt) and Ebene (Mauritius). The Corporation equally has two subsidiaries: African Reinsurance Corporation South Africa Ltd in Johannesburg (South Africa), Africa Retakaful in Cairo (Egypt) and one Local Office in Addis Ababa (Ethiopia).

Africa Re has a broad-based shareholding comprising 41 African member States, the African Development Bank (AfDB), 114 African insurance and reinsurance companies and three non-regional shareholders, including leading global insurers and reinsurers. The Financial Strength and Credit Rating of Africa Re is A by A.M. Best and A – by Standard & Poor’s.

Applications are invited for

Title: Young Actuarial Professionals Programme (YAPP)

Location: Lagos, Nigeria

About the Program

• The Young Actuarial Professionals Programme (YAPP) is a two (2) year highly competitive program targeted at High Potential, best-in-class, highly qualified and motivated professionals for a productive and rewarding career path in the Insurance / Reinsurance Industry.
• The YAPP serves as a starting point for an exciting career at Africa Re. It offers exceptional career opportunities to talented young professionals in Actuarial Sciences who have exceptional leadership potential, an established record of outstanding academic performance and professional excellence.

Eligibility Criteria

• Be a National of a Member Country of Africa Re
• Bachelor’s or Master’s Degree in Actuarial Science and other related discipline / field with outstanding academic achievements.
• Applicants must be at least 19 years old and not older than 28 years by the date of this advert
• Applicants are expected to have post qualification relevant work experience of between 0 to 3 years in the Actuarial field.
• Applicants that have passed one or more actuarial exams from an internationally recognized actuarial or that have continued their actuarial professional development satisfying the required CPD points over a defined period for their chosen internationally recognized actuarial qualification will be given preference.
• Be fluent either in English or French and a working knowledge of the other language will be an added advantage.

Location Infomation:

• Be willing to live on the African Continent at the Corporation’s Headquarters in Lagos-Nigeria and in any of our operating locations (Abidjan, Casablanca, Cairo, Mauritius, Nairobi, Johannesburg, etc.)

Skills & Competencies Required for this Programme

• Excellent communication and presentation skills, as well as writing and reporting skills;
• Accuracy and keen attention to detail;
• Problem-solving ability and strong analytical skills;
• Fast learner with the ability to multitask;
• Open-minded with a results-oriented and innovative mindset;
• Very high integrity and a good sense of responsibility;
• Be passionate and committed to the development of Africa;
• A self-starter with the ability to work under minimum supervision;
• Good interpersonal skills and ability to work effectively with others in a team environment;
• Be willing to live on the African Continent at the Corporation’s Headquarters in Lagos-Nigeria and in any of our operating locations (Abidjan, Casablanca, Cairo, Mauritius, Nairobi, Johannesburg, etc.);
• Be willing to pursue online professional education until the highest of actuarial professional qualification within a reasonable period;
• Ability to adapt quickly in a challenging and fast-paced multi-cultural environment;
• Be flexible and open to work and embrace digitalization.
• Proficiency in Microsoft Office packages, R, Python, SQL and any other relevant applications / software.

Remuneration & Other Benefits

• The monthly allowance attached to this program is attractive and competitive.
• In addition, candidates selected for the program will be entitled to free medical care, Life & Accident Cover and accommodation for the entire duration of the program.
• Africa Re will provide support both in terms of exam fees, study materials and exam study hours toward qualification for a chosen internationally recognized actuarial qualification.

Application Closing Date
10th March, 2023.

How to Apply
Interested and qualified candidates should:
Click here to apply online