Actuary

Actuary

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

**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**
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 Actuary. Could It Be You?**
Reporting to the Vice President, Corporate Actuarial, the Actuary will manage development and on-going maintenance for quarterly reserving and forecast analysis for Munich Reinsurance of Canada (MROC) and Temple Insurance Company (Temple).

**Need more details? Keep reading. You will**
- Lead the quarterly review of actual and forecasted claims and premium liabilities, including setting of assumptions and interpreting the financial results
- Drive automation and complexity reduction and transitioning towards new ways of collaboration
- Understand Munich Re Munich (MRM, head office) methodology used to generate cashflows, produce financials, and reserving inputs/assumptions required for MRM IFRS17 modelling.
- Delivers data/assumptions for MRM IFRS17 modelling and testing; analyze results of MRM testing/modelling.
- Provide insights to MRM regarding Canadian specific requirements, including The Office of the Superintendent of Financial Institution (OSFI) and Canadian Institute of Actuaries requirements.
- Support the continued development of local IFRS17 assessment tool, including sensitivity testing and comparison against MRM outputs.
- Provide data/analysis to respond to regulatory IFRS17 requests, including assisting in preparing and improving the efficiency in Appointed Actuary Report preparation annually.
- Lead regular communications with MRM, including drafting of topics and preparation of discussion material.
- Understand Temple & MROC financial data, working with Actuarial Reserving team to extract/obtain data as required.
- Understand Temple & MROC reinsurance structures and IFRS17 modelling implications, providing input to MRM as required.
- Work closely with other IFRS17 leads in Canada and external IFRS17 actuarial resources.
- Work closely with a number of teams, including but not limited to Finance, Risk, Claims, Underwriting, other international operations and Central Reserving in Head Office (Munich) for various financial reporting, modelling, and data assumptions/trends.
- Take an active role in development and roll out of local IFRS17 communication material with senior management.
- Keep abreast of global and Canadian Property & Casualty industry knowledge and developments, including any regulatory guidelines.
- Maintain a co-operative working relationship with all MR Canada department and staff.
- Maintain external working relationships with MRM, external auditors, and government regulators.

**So are YOU our next Actuary? You are if**
- You ideally have a Bachelors’ Degree in Actuarial Sciences or equivalent
- You possess your ACAS/ACIA (Associate of Casualty Actuarial Society/Canadian Institute of Actuaries) designation or an equivalent actual credential as a requirement.
- Ideally, you are working towards your FCAS/FCIA (Fellow of Casualty Actuarial Society/Fellowship of the Canadian Institute of Actuaries) or equivalent actuarial credential
- You have a minimum of five (5) years of knowledge and experience in the property & casualty industry as well as experience with reserving; experience with reinsurance and financial reporting & forecasting is preferred.
- 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 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 possess excellent analytical and abstract reasoning skills.
- You have well-developed organization skills, with the ability to analyze current processes and procedures and recommend and implement improvements;
- You are able handle a number of diverse projects and coordinate the activities of others in