Manager & Actuary - Global Actuarial Consulting Group

Munich Re Careers•Toronto, ON

2d•CA$140,000 - CA$186,000•Hybrid

About The Position

Join Munich Re’s Global Actuarial Consulting Group (GACG) and work at the center of complex, high‑impact actuarial work that supports our global life and health reinsurance business. GACG acts as an internal consulting group, partnering with teams across regions to solve some of the most interesting actuarial, financial, and strategic challenges in the organization. This role offers breadth, visibility, and growth. You’ll work across markets such as Canada, the U.S., the U.K., and Germany, gain exposure to senior stakeholders, and contribute to projects that influence pricing, risk management, and financial outcomes at a global level.

Requirements

University degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field.
FSA/FCIA designation, held for at least one year.
5+ years of actuarial experience in life and/or health insurance or reinsurance.
Demonstrates a clear leadership mindset by taking ownership of outcomes, anticipating stakeholder needs, and guiding discussions toward practical solutions.
Strong analytical and problem-solving skills, with the ability to manage multiple priorities.
A connector who builds strong, trust-based relationships across teams and stakeholders, enabling smooth collaboration even in complex, cross-functional settings.
Clear and confident communication skills, both written and verbal.

Nice To Haves

Experience with actuarial or analytical tools such as AXIS, SQL, and/or Python.
Exposure to multiple markets or accounting frameworks.
Willingness to travel internationally on an occasional basis.

Responsibilities

Lead projects and workstreams, from planning through delivery.
Develop and enhance actuarial and financial models for life and health reinsurance solutions across different regions.
Support pricing analysis for new and existing reinsurance opportunities.
Perform experience studies and help set actuarial assumptions.
Conduct valuation and financial reporting under multiple accounting and regulatory bases.
Analyze and visualize data to clearly communicate insights to actuarial and non-actuarial stakeholders.
Support risk analysis, stress testing, and sensitivity analysis of financial results.
Contribute to industry research, surveys, and publications.
Assist global teams through ad-hoc projects and occasional short-term secondments.
Present findings and recommendations to internal clients and Munich Re leadership.
Provide guidance, manage workload and review the work of junior members of the team.
Grow into a people manager, providing feedback and having development conversations with junior members of the team.

Benefits

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