Director, Corporate Actuarial

We care for humankind – and that starts with our peopleOur 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.OverviewDo you enjoy building relationships and working collaboratively in a team environment with both internal, external and global stakeholders? Do you possess strong analytical and investigative competencies? As someone with excellent communication skills and business acumen, you will utilize exceptional interpersonal and influencing skills across all levels of the organization.We’re looking for our next Director, Corporate Actuarial. Could It Be You?This role supports Temple Insurance, a wholly owned P&C carrier, which was established to strategically complement Munich Re operations in Canada. Temple Insurance, as a Canadian licensed insurance carrier, enables business units across the Munich Re Group to write direct P&C business in Canada. Reporting to the VP, Corporate Actuarial, the director will be responsible for leading, communicating, and streamlining the quarterly nominal and IFRS 17 reserving and forecast analysis for the business of Temple Insurance Company. Responsibilities include:Leading the quarterly review of actual and forecasted policy liabilities, including setting of assumptions and interpreting the nominal and IFRS 17 results; Driving automation and complexity reduction and transitioning towards new ways of collaborationEnsure alignment of local reserving practices and processes with Munich Re Group-wide standards and tools while meeting accepted actuarial practice as per CIA and regulatory requirements.Be a change agent in to help business stakeholders understand nominal and IFRS 17 results and present results to senior executivesActively engage with Finance during the quarterly closing processes and support local regulatory financial reportingSupport Group financial reporting through quarterly reporting to Central Reserving using Group standard tools.Compilation of quarterly reserving management reporting, complete with analysis and communication, including local/group management/board presentationsMaintains active communication with claims, underwriting and pricing – ensuring strong understanding of claims reserving philosophy, the portfolio and pricing.Coordinate and respond to requests from peer reviewers, auditors and regulatorsDrive operational efficiency and ensure high standards of accuracy, transparency, and consistency across reserving processes.Collaborate with reserving teams across the Group’s international entities and with Central Reserving in Munich to exchange knowledge, align tools and processes, and effectively leverage Group wide expertise.Maintain strong collaboration across Claims, Underwriting, Pricing, Finance, Risk, and the Group Central Reserving Department in Munich for various financial reporting, modelling, and data assumptions/trends as well as the development of a high performing actuarial team.Manage the preparation of the Appointed Actuary Report annually.Support the Appointed Actuary with work related to Financial Condition Testing.Leveraging analytics to reinforce presentation of resultsKeeping abreast of the Canadian Property & Casualty industry knowledge and developmentsResponsible for performance management, mentoring, and developing staff.So are YOU our next Director, Corporate Actuarial? You are if…First and foremost, we’re looking for well-rounded individuals who are professional, have great communication skills, and demonstrate the ability to build strong relationships with both internal and external clients. You’ll be joining an energetic and goal-oriented team that uses a collaborative approach to working within all areas of the company, and focuses on achieving the greater objectives of Munich Re.Specifically, we’re looking for the following qualifications:A Bachelors’ Degree in Actuarial Sciences or Equivalent.ACAS/ACIA (Associate of Casualty Actuarial Society/Canadian Institute of Actuaries) or equivalent actual credential is requiredFCAS/FCIA (Fellow of Casualty Actuarial Society/Fellowship of the Canadian Institute of Actuaries) or equivalent actuarial credential is desired.Minimum of eight (8) years of knowledge and experience in property & casualty industry.Experience with reserving is requiredExperience with reinsurance and financial reporting & forecasting is preferred.Ability to influence and make technical decisions (e.g. modeling decisions, data decisions) with demonstrated sound judgement in actuarial decision makingKeen problem solving skill, strategic thinking, and business acumenWell developed organizational skills, with the ability to analyze current processes and procedures and recommend and implement improvementsSuperior attention to detail and accuracyAbility to work independently and in a team environmentAbility to work in all areas of the company collaboratively to achieve results under tight deadlinesAbility to handle a number of diverse projects and coordinate the activities of others in a performance oriented cultureAdvanced Software/application knowledge, including MS Word, Excel and PowerPointKnowledge in insurance-related databases, SAS, SQL, R, and/or Python is an assetPlease note that direct reports for this role may include Associate Actuary/Actuarial Associate, Analyst, Actuarial and Co-op resourcesIn addition to an exciting job opportunity, we offer the following…You will be exposed to challenging projects and development opportunities to grow your skills and career with both local and global colleagues and partners.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 AODARequestHR@munichre.ca as soon as practical so that suitable accommodations can be arranged.Our base salary range for this role is between $122,485 and $158,510 per year, plus an opportunity for an annual company bonus based upon a percentage of eligible pay. The salary estimate displayed represents the typical salary range for candidates hired in this position. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to internal equity.This role is located in our Toronto office on 390 Bay St, and we operate in a hybrid work model. This job posting is for an existing vacancy.We do not use AI in our recruitment process - applications are reviewed by our team to ensure a fair and personalized experience. #J-18808-Ljbffr