Fellowships

The African Reinsurance Corporation Fully-funded Young Actuarial Professionals Programme: DEADLINE IS TODAY, APPLY NOW!

Apply for the The African Reinsurance Corporation Fully-funded Young Actuarial Professionals Programme

AdminFebruary 16, 2023

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The African Reinsurance Corporation Fully-funded Young Actuarial Professionals Programme

Target audience

African Nationals

Application Deadline: 10 March 2023

ABOUT AFRICA RE

The African Reinsurance Corporation (Africa Re) is the leading reinsurer in Africa. Headquartered in Lagos (Nigeria), Africa Re operates through six (6) Regional Offices across Africa: Casablanca (Morocco), Abidjan (Côte d’Ivoire), Nairobi (Kenya), Lagos (Nigeria), Cairo (Egypt) and Port Louis (Mauritius) and one (1) Local Office in Addis Ababa (Ethiopia). It also has three (3) Subsidiary Companies (Africa Re South Africa Limited in Johannesburg (South Africa), Africa Retakaful Company Ltd. in Cairo (Egypt) and Africa Re Underwriting Agency in Dubai (United Arab Emirates -UAE-).

Africa Re has a broad-based shareholding of 42 African member States, the African Development Bank(AfDB), 113 African insurance and reinsurance companies, and three (3) non regional shareholders, including leading global insurers and reinsurers.

The Financial Strength and Credit Rating of Africa Re is A by A.M. Best Company and A– Standard & Poor’s.

Africa Re is recruiting Fresh Graduates and Young Working Professionals with outstanding academic performance in Actuarial Sciences and other related discipline / field from recognized universities for her Young Actuarial Professionals Programme (YAPP).

Young Actuarial Professionals Programme (YAPP)

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 Young Actuarial Professionals Programme 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

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.)

Main Competencies

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 ability to multitask;
Open-minded with results-oriented and innovative mindset;
Very high integrity and good sense of responsibility;

Be passionate and committed to the development of Africa;
A self-starter with 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.

Salary & Benefits

REMUNERATION & OTHER BENEFITS:

The monthly allowance attached to this program is attractive and competitive.

In addition, candidates selected for the programme will be entitled to free medical care, Life & Accident Cover and accommodation for the entire duration of the programme.
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.

Other Information

DISCLAIMER

Africa Re does not endorse any third-party sites selling services related to our YAPP selection process. All information on the YAPP selection process are described on our website and is free to all prospective applicants. Companies claiming to sell inside knowledge from the Young Actuarial Professionals Program (YAPP) should not be considered a reliable source of information about the YAPP. Candidates should be cautious of emails or LinkedIn messages received from third-parties in this regard, noting that official YAPP communications are sent from email addresses ending in africa-re.com.

Procedure for Application for the Young Actuarial Professionals Programme (YAPP)

Interested first class graduates are requested to visit the Africa Re website to fill the YAPP Information Form on https://www.africa-re.com/career and upload their curriculum vitae.