Senior Actuarial Associate

2 weeks ago


Toronto, Ontario, Canada Munich Re Full time
Senior Actuarial Associate/Actuary

We care for humankind - and that starts with our people

Our greatest strength lies not in what we do - but how we do it. It's the unique individual behind every piece of work who matters the most. Our people make Munich Re a global success.

Working at Munich Re gives us access to the depth, breadth, and mindset we want in order to develop our full potential.

That's why a career at Munich Re is much more than just a job. It's an invitation to be your very best and make a positive impact on the world.

Overview


Are you someone with strong leadership capabilities? Do you enjoy building relationships and working collaboratively in a team environment with both internal, external and global stakeholders? Reporting to the Director, Underwriting (Pricing) for Munich Re Canada, the Senior Actuarial Associate/Actuary will be responsible for analyzing the profitability of reinsurance treaties, closely working with the underwriting & client management teams to ensure competitive pricing for quote opportunities, and conducting strategic projects to improve the performance of the treaty portfolio.

Your job

Primary Responsibilities:

  • Prepare treaty reinsurance pricing independently, including establishing and defending pricing assumptions for quote opportunities
  • Communicate and present pricing results to the underwriting team regularly during treaty renewal period, while simultaneously managing multiple timelines to ensure a smooth treaty renewal process
  • Contribute to the development of pricing assumptions and strategies which includes update of the pricing model parameters, market analysis and other strategic projects
  • Support reinsurance facultative and primary single risks pricing
  • Provide CAT modelling support as required by using industry and in-house software
  • Challenge the status quo and provide recommendations on areas of improvement
  • Design, test and maintain pricing tools, including reports to monitor the treaty business performance
  • Attend industry seminars and workshops as necessary by business
  • Perform other ad hoc tasks to achieve the goals and objectives of the company
Your profile
Required Education/Experience

  • Bachelor's Degree in Actuarial Science, Mathematics or equivalent
  • 5+ years of P&C actuarial work experience, commercial and reinsurance pricing experience preferred
  • Working towards FCAS designation with the completion of at least 4 actuarial exams
Specialized Knowledge and Skills

  • Excellent working knowledge of MS Excel, PowerPoint, Access
  • Programing and modeling experience such as: VBA, R, SQL, Python, Power BI, AIR, RMS considered an asset
  • Capable of carrying out actuarial analysis with minimal supervision and be self-driven to deliver business insights
  • Proven experience leading projects and provide coaching to junior staffs
  • Strong presentation skills to communicate technical concepts to internal and external stakeholders
  • Excellent interpersonal skills, capable of working independently and as part of a team
  • Ability to prioritize, while remaining flexible to deal with changing work demands
In addition to an exciting job opportunity, we offer the following:

  • Exposure to challenging projects and development opportunities to grow your skills and career with both local and global colleagues and partners are available.
  • A comprehensive total rewards financial program which includes extensive flexible benefits and pension.
  • A hybrid work environment in an inspiring physical workplace setting.
  • Educational Assistance Programs that continue to recognize your on-going success.
Click on the link to apply...

Munich Re Canada is committed to providing a work environment that is inclusive and free of employment barriers and discrimination.

Accommodations will be made for qualified applicants with a disability throughout the recruitment process.

If you receive a request for an interview and you have a disability which will require an accommodation to support your participation, please contact as soon as practical so that suitable accommodations can be arranged.



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