Actuarial Associate

Company

Munich Re, Canada (Life)

Location

Toronto , Canada

The Group Reinsurance team is focused on acquiring and maintaining clients through fostering strong relationships, developing innovative solutions, and evaluating product profitability for the group benefit line of business in the Canadian and Caribbean markets. As an Associate, you’ll be challenged to understand key drivers in profitability due to changes in assumptions, reinsurance agreements, industry trends, and product design. You’ll have the opportunity to work on high-impact projects including developing client strategies, reporting profitability to senior management, market research, and quoting on special business.

Job Responsibilities:

Pricing and Product Development

• Contributes to the preparation of quotation proposals, provides required analysis and prepares recommendations and solutions that maximize sales success and profitability.
• Prepares financial results reports and participates in the profit monitoring and management of the business.
• Assists in the completion of experience studies, pricing strategies and setting best estimate pricing assumptions.
• Works on the development and provides support for the maintenance of Group pricing basis and service offer for the Canadian and Caribbean markets.
  
  
  

Research and Development

• Performs research activities to support the development of products and services as well as provides value added surveys and other relevant market data to both internal and external customers.
• Gathers research required to support client relationship management meetings.
• Conducts client and industry surveys, performs analysis and identifies key findings from data.
• Participates in reviews of legislation/regulation changes that may have an impact on products, services and reinsurance arrangements.
• Supports the development of regular industry publications.
  
  
  

Client Support

• Assists in addressing the needs of clients in a timely and professional manner, advising management of any business issues impacting Munich Re and/or our clients.
• Works closely with clients and strategic partners to support mutually beneficial product development initiatives, service offerings and other reinsurance solutions that lead to profitable growth opportunities.
  
  
  

Qualifications:

• University Degree in Actuarial Science, Statistics, or Mathematics.
• Progression towards ASA/FSA designation.
• Fluently bilingual French / English language skills, both verbally and in writing.
• Strong financial modeling, analytical and problem solving skills.
• An energetic and goal oriented style, combined with well-developed interpersonal skills.
• Strong ability to establish and maintain effective interpersonal relationships with clients and co-workers.
• Excellent communication and presentation skills as demonstrated in general conversation, formal presentations and written documents.
• Superior attention to detail and accuracy.
• Keen strategic thinking, business acumen and problem solving skills.
• Excellent analytical and abstract reasoning skills.
• Decisive, able to make decisions and to challenge appropriately; not a conflict avoider.
• Demonstrated effectiveness working under tight deadlines with multiple priorities.
• Able to work on a number of diverse projects and activities with others in a performance oriented culture.
• Software/application knowledge including Axis, SQL Server, R, and Power BI.
  
  
  

What Can We Offer You?

We are pleased to offer our employees great benefits and resources to support their mental, physical and financial wellbeing. These include:

• An engaging and collaborative environment that promotes continuous learning and development
• A hybrid work environment that combines weekly in-office and remote days with Meeting-Free lunch hours and Focus Friday afternoons
• A great compensation package including annual company bonus
• Market leading company-paid flexible health and dental benefits, starting on your first day
• Flexible dollars provided by the company to put towards Health Spending Account and/or Wellness Spending Account
• Immediate participation in DC Pension Plan with an automatic 5% employer contribution, plus optional company match
• Generous time off including vacation, personal days, unplanned time, Statutory Holidays and company-wide early closure half-days
• Learning and development programs and resources, including unlimited access to LinkedIn Learning, Education Assistance Program and reimbursement for professional fees
• Maternity, Parental & Adoption Leave top-up program
• Employee Referral Program, Recognition & Rewards Platform
  
  
  

About Munich Re

Together, we engage with everything we have and are, to help humankind act braver and better.

As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into manageable risk, we enable fundamental change. We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions. We dare to think big and are continuously innovating on behalf of our clients.

Our data, our technology, and our teams place us in a unique position to drive transformative change in the life insurance industry. We invest strategically in our world class talent, offering our employees a work experience that promotes professional development, innovation, and rewards high performance.

Please note that only candidates who are selected for interview will be contacted directly. We thank all candidates for their interest.

Munich Re 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 [email protected] as soon as practical so that suitable accommodations can be arranged.