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Director & Actuary, Longevity & Structured Reinsurance

Location Munich, Germany Date posted 09/26/2025 Job type Full-Time Work mode Hybrid Job level Professional Job ID 9292 Company Munich Re, Canada (Life) Employment type Regular Area of expertise Actuarial & Risk Management
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The Director & Actuary, Longevity & Structured Reinsurance will play a significant role in evaluating and pricing new reinsurance transactions in our fast growing longevity and structured reinsurance line of business. Specifically, you will be responsible for evaluating reinsurance opportunities, collaborating internally and externally to establish new partnerships, and helping manage a growing book of multi-line business.This position requires substantial technical expertise and market knowledge of group and individual annuities, pension risk transfer solutions, and individual life insurance. You’ll have the opportunity to work on high-impact projects including executing growth strategies, market research, developing novel reinsurance solutions and quoting on large transactions.

Transaction Pricing

Work closely with head of department and pricing team to evaluate and quote on reinsurance opportunities which may include traditional reinsurance, pension risk transfer, inforce block transactions, structured reinsurance solutions, and product development.  Specific tasks performed may include:  

  • Evaluating RFP material, product information, underwriting and subject business due diligence to establish assumptions and models for reinsurance pricing.
  • Collaborating with other teams such as biometric research, corporate actuarial, and risk management to achieve a deep understanding of key risks.
  • Presenting pricing results to key stakeholders including head of departments and senior management to receive support for transactions.
  • In certain transactions, working with Munich Re’s global functions to establish appropriate off-shore reinsurance solutions and managing the internal approval process with central functions as required.

Business Management

  • Pricing process improvements through the continual refinement of models and methodologies used in the support of new business pricing.
  • Monitor profitability and business performance to create feedback loop for future pricing and assumption updates.
  • Repricing and renewals of existing transactions, as required per the treaty terms.
  • Support execution and onboarding of transactions including drafting and negotiating treaties, coordinating with corporate actuarial and accounting functions on reinsurance administration and reporting.

Special Projects

  • Lead the pricing and analysis in more technical projects, e.g., mortality table and improvement assumption development.
  • Research and development of new reinsurance solutions to help address challenges and opportunities of our clients, which include balance sheet optimization, income volatility protection, enhance returns, access to additional capital and liquidity, etc.

Your Profile

  • University Degree in Actuarial Science, Statistics, or Mathematics.
  • FCIA/FSA designation
  • 5-10 years experience in the Canadian Life and Health insurance/reinsurance industry
  • Minimum 5 years experience in the Canadian Pension Risk Transfer / Group Annuity market with an insurer, reinsurer or consultant
  • Strong analytical, modeling and problem solving skills
  • Pricing and product development experience preferred
  • Excellent communication and presentation skills
  • Ability to conceptualize and implement business solutions regarding actuarial issues
  • Technical proficiency – with the ability and interest to learn new skills and successfully transfer existing skills to others in the group
  • Advanced Software/application knowledge including Excel, PowerPoint, Word, Axis and SQL

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 AODARequestHR@munichre.ca as soon as practical so that suitable accommodations can be arranged.

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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.

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