Vice President, Corporate Actuarial

Location

Toronto, Canada

Job type

Full-Time

Work mode

Hybrid

Job level

Management & Leadership

Job ID

10978

Company

Munich Reinsurance Company of Canada

Employment type

Regular

Area of expertise

Actuarial & Risk Management

Appointed Actuary and Vice President, Corporate Actuarial

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? Do you possess strong property & casualty actuarial work experience? 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 Appointed Actuary and Vice President, Corporate Actuarial. Could It Be You?

You are an experienced professional with an actuarial designation and a minimum of 15 years of experience in property and casualty actuarial work, including reserving. You have a proven track record of effective people management. As the VP, Corporate Actuarial, you will oversee the management of reserving activities for both Munich Reinsurance Company of Canada and Temple Insurance Company. You will be responsible for managing the quarterly reserving process, conducting reviews, and local and group reporting for both MROC and Temple. Additionally, you will provide support to the Finance department in areas such as planning, annual and quarterly reporting, and forecasting. Furthermore, you will support the annual retrocession process, including analysis and associated activities.

Need more details? Keep reading…

• You will take on the Appointed Actuary role and responsibilities as of 2026, including quarterly preparation of Board/Audit Committee material, and coordinate regulatory actuarial reporting.
• You will manage, review and report quarterly on reserving monitoring and provisions for Munich Re of Canada operations.
• You will provide end-to-end oversight of the reasonableness of provisions established for insurance contracts liabilities and the rationale of those provisions.
• You will create and maintain accepted actuarial practice policies, and methodologies compliant with the Munich Re Global Reserving Process while meeting the Canadian Institute of Actuaries and local regulatory requirements, responding to changes in current company and industry needs/trends.
• You will be responsible to ensure that all actuarial reserving and reporting practices within the Canadian operations adhere to the standards set by the Munich Re Group, including following specific guidelines, methodologies, and best practices that are mandated across the group.
• You will be responsible to collaborate with Central Reserving in Munich to share knowledge, tools, and processes and leverage group expertise.
• You will be responsible for timely and accurate local and group reporting and annual regulatory reporting.
• You will be responsible for the accurate communication of quarterly reserving data with management and various stakeholders.
• You will be an active participant in local and global projects affecting actuarial data, work processes and/or deliverables.
• You and your team will maintain a collaborative/co-operative working relationships with the Group Central Reserving Department in Munich as well as internal audit, external auditors and regulators. You will ensure collaboration as well as timely and quality actuarial support to various stakeholders (e.g. underwriting, claims).
• You will support both the Finance group with planning, forecasting and quarterly reporting or others as required.
• You will take a leadership role in the coaching, training, mentorship and development of your team.

So are YOU our next Appointed Actuary and Vice President, Corporate Actuarial? You are if…

• You have 15 years of property and casualty actuarial work experience, including valuation of Canadian actuarial liabilities and Financial Condition Testing.
• You are a Fellow, in good standing, of the Canadian Institute of Actuaries FCIA.
• You have at least three (3) years of relevant non-life Canadian practical experience in the last six (6) years.
• You have strong leadership qualities and abilities, with experience in leading a team and/or function, as well as developing and nurturing a positive, collaborative team environment
• You have a solid understanding of underwriting portfolio and pricing and you keep current with regard to significant claims activities.
• You demonstrate communication, interpersonal and influencing skills across all levels of the organization.
• You are able to work independently and in a team environment.
• You have a proven ability to work cross-functionally to achieve results under tight deadlines.
• You possess strong business acumen and problem solving skills.
• You have strong organizational skills; with the ability to analyze current processes and procedures while recommending and implementing necessary improvements.

In addition to an exciting job opportunity, we offer the following…

• You will be part of a global community of reserving actuaries and have access to a large group of global areas in all field of (re)insurance business.
• 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 as soon as practical so that suitable accommodations can be arranged.

Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.