Actuary

Munich Re Careers•Toronto, ON

39d•CA$135,000 - CA$174,000•Hybrid

About The Position

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 with us is much more than just a job. It’s an invitation to be your very best and make a positive impact on the world. Do you enjoy building relationships and working collaboratively in a team environment? As someone with excellent communication, technical and organizational skills, 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 Head of Pricing, Treaty Underwriting for Munich Reinsurance of Canada, an Actuary is responsible for analyzing the profitability of treaty reinsurance treaties, closely working with the underwriting & client management teams to ensure competitive pricing for quote opportunities, and conducting strategic projects to support the management of the treaty portfolio.

Requirements

Bachelors’ Degree in Actuarial Science, Mathematics or equivalent
FCAS designation is required for Actuary title. Near FCAS or career ACAS with pricing experience would also be considered at a Senior Actuarial Associate level with a reduced salary range
5+ years of P&C actuarial work experience, prior experience in pricing is required and experience in reinsurance pricing is preferred
Excellent working knowledge of MS Excel, PowerPoint, Access
Demonstrates exceptional actuarial judgement by making technical decisions independently and be self-driven to deliver business insights
Proven experience leading projects and provide coaching to junior staffs
Demonstrates exceptional communication skills to distill complex technical concepts into clear, persuasive messages for senior internal and external stakeholders
Excellent interpersonal skills, capable of working independently and as part of a team
Independently prioritizes competing tasks and remains flexible in adapting to changing work demands

Nice To Haves

Programing and modeling experience such as: SQL, Power BI, AIR, RMS considered an asset

Responsibilities

Lead treaty reinsurance pricing independently by identifying and evaluating key cost drivers, defending pricing assumptions with stakeholders, and overseeing multiple timelines to ensure a smooth treaty renewal process
Assess pricing adequacy across varying contract terms and provide pricing recommendations in response to evolving regulatory frameworks (i.e. auto reform)
Drive advanced portfolio analytics to identify emerging trends and insights, supporting strategic decision-making and delivering business recommendations
Oversee and guide the development, maintenance and enhancement of actuarial models and pricing assumptions
Lead strategic projects aligned with business needs, managing expectations with internal and external stakeholders
Support reinsurance facultative and primary single risks pricing
Provide CAT modelling support by using industry and in-house software
Challenge the status quo and provide recommendations on areas of improvement
Provide peer review and training/mentorship to junior analysts
Attend industry seminars and workshops as necessary by business
Perform other ad hoc tasks to achieve the goals and objectives of the company