Actuarial Co-op, Property

7 days ago

Toronto, Ontario, Canada Munich Re Full time
Actuarial Co-op, Property & Casualty Reserving (2024 Fall - Toronto, 8 months)
Actuarial Co-op, Property & Casualty Reserving (2024 Fall – Toronto, 8 months)
Together, we engage with everything we have and are, to help humankind act braver and better.

As the world's leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance.

By turning uncertainty into manageable risk, we enable fundamental change. We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions. Munich Re is one of the top providers of reinsurance, primary insurance, and insurance-related risk solutions in the world.

Taking on risks worldwide of every type and complexity, the Munich Re Group and its business units are active in all lines of insurance.

Our consistent risk management, financial stability, and client proximity make us a much sought-after trusted business partner. As a leader of risk transfer here in Canada, Munich Re strives to be the "go-to" reinsurance partner. We offer a full range of traditional risk-transfer solutions through Property and Casualty, Treaty and Facultative reinsurance.

As risk evolves and changes, Munich Re focuses on innovation by developing products and services on the forefront of change.

Our co-op placements provide you with an excellent opportunity to practically apply your classroom and technical training in the reinsurance industry.

While with our team, you'll be coached by experienced industry professionals, exposed to Munich Re leadership, challenged as a valuable team member and contributor doing meaningful work, and mentored to develop a solid foundation that will help position you as a future leader in the field.

Munich Re is operating under a hybrid working model, including an average of 2 days in office/week with the remaining days working from home.

Students are expected to relocate to the city in which they work for the duration of their co-op/internship, so they can fully benefit from the full program integration.

You'll work closely with other Actuarial Associates and Actuaries within their respective departments, as well as with other key individuals across the organization in Pricing, Risk Management and Reserving, in our Toronto office.

Note that this opportunity is with Munich Reinsurance Company of Canada, a property and casualty reinsurer subsidiary of Munich Re.

Develop an understanding of key data required for core reserving and/or IFRS 17 processes;

  • Support in quarterly reserve and/or IFRS 17 analyses of the primary and reinsurance units;
  • Provide support in fulfilling regulatory and group reporting requirements;
  • Assist in producing quarterly business monitoring reports, including exhibits used to present results of the quarterly reserve review and/or IFRS 17 analyses;
  • Currently pursuing an undergraduate degree in Actuarial Science, Math, or Statistics, or equivalent program - in healthy academic standing;
  • Proven capability to multi-task and successfully self-manage multiple priorities and projects of various significance;
  • Exhibits solid organizational skills and rigorous attention to detail/accuracy in a fast-paced environment;
  • Demonstrates leadership qualities - clear-thinking, curiosity, integrity, and drive;
  • Proficient in Microsoft Office Suite, as well as experience with spreadsheet and database applications;
  • Exposure to VBA is considered an asset;
  • Preference for candidates who have relevant work experience, having already completed at least one placement (or approx. 4+ months in-field experience).

Note that this opportunity is open to both current students who are returning to in-class studies upon the completion of the work term, as well as recent graduates who have obtained their degree within the past year.

Munich Re Canada has an AODA policy and accommodation process in place and provides accommodations for employees with disabilities.

If you require a specific accommodation because of a disability or medical need, please contact Steve Picyk, Talent Acquisition at .

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