Senior Actuarial Associate

3 weeks ago

Toronto, Canada Munich Reinsurance Company of Canada 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.

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