Actuarial Associate

**Company**
Munich Reinsurance Company of Canada
**Location**
Toronto, Canada

**Actuarial Associate**

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**
Do 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 Actuarial Associate. Could It Be You?
Reporting to the Director, Corporate Actuarial, the Actuarial Associate will manage and enhance the efficiency and accuracy of the on-going quarterly reserving and reporting analysis for both primary and reinsurance business.

**Need more details? Keep reading**
- Conduct quarterly reserving and reporting analyses of claims and premium liabilities, including setting of assumptions, selection of appropriate methodologies and assessing the impact
- Driving automation and complexity reduction and transitioning towards new ways of collaboration
- Streamline procedures and develop advanced methodologies to improve the efficiency and accuracy of the reserving process, and to meet requirements of the CIA, regulators and Munich Re Munich (MRM, head office)
- Be a change agent in leveraging analytics to reinforce presentation of results to all internal and external stakeholders
- Develop actionable business insights, and actively engage underwriting, finance and claims during the quarterly reserving processes
- Perform deep dive/ad hoc innovative analysis as required
- Assist in preparing and improving the efficiency in Appointed Actuary Report preparation annually
- Work closely with a number of teams, included but not limited to Claims, Underwriting, Finance, Risk, reporting project team, other IOs and Central Reserving in Head Office (Munich) for various reserving, modeling, reporting, and data assumptions/trends
- Keep abreast of the Canadian and international Property & Casualty industry knowledge and developments
- Leverage analytics to reinforce presentation of results to all internal and external stakeholders
- Maintain a collaborative working relationship with all MR Canada department, staff and colleagues in Central functions in Munich

**So are YOU our next Actuarial Associate? You are if**
- You ideally have a Bachelors’ Degree in Actuarial Sciences or equivalent
- Working towards ACAS/FCAS/equivalent actuarial credential with completion of at least four (4) actuarial examinations
- You have a minimum of three (3) years of knowledge and experience in the property & casualty industry as well as experience with reserving, financial forecasting and analytics;
- You possess keen strategic thinking, business acumen and problem solving skills;
- You have good communication, organizational, and time management skills with a demonstrated attention to detail and an eye for accuracy;
- You have exceptional computer skills including Microsoft Office and other computer software, including MS Word, Excel and PowerPoint;
- You have exceptional ability to make technical decisions (e.g. modeling decisions, data decisions), demonstrating sound judgement in actuarial decision making;
- You have the ability to work on a small team and build strong relationships with your colleagues;
- You have well-developed organization skills, with the ability to analyze current processes and procedures and recommend and implement improvements;
- You demonstrate a high degree of flexibility and adaptability to changing environment and situations with an ability to work collaboratively to achieve results under tight deadlines;
- You are able handle a number of diverse projects and coordinate the activities of others in a performance oriented culture;
- You ideally have knowledge of Power BI/R/similar software and predictive analytics.

**In 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