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Actuarial Analyst

Location Toronto, Canada Job type Full-Time Work mode Hybrid Job level Professional Job ID 12814 Company Munich Reinsurance Company of Canada Employment type Regular Area of expertise Actuarial & Risk Management
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Actuarial Analyst


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.


Overview 

Do you enjoy building relationships and working collaboratively in a team environment while being provided the opportunity to develop your skills for actuarial fellowship? Do you possess strong analytical and investigative competencies? 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 Actuarial Analyst. Could It Be You?
The Actuarial Analyst is responsible for assisting the corporate actuarial reserving department in performing and enhancing quarterly reserving analyses and reporting for both primary and reinsurance business.  You will support the delivery of timely and accurate actuarial analyses related to quarterly reserving, financial reporting, and monitoring changes in actuarial estimates. This role provides exposure to enterprise‑wide actuarial processes, financial statements, and interactions with Finance, Risk, and senior actuarial leadership. The successful candidate will apply actuarial techniques, and analytical skills to support management decision‑making and both local and group reporting. This role is based out of our Toronto office. 


Need more details? Keep reading. You will…
•    Maintain and improve internal reserving databases, including reserve class mappings and data reconciliation 
•    Maintain and improve quarterly reserving system files including rolling forward projects each quarter and importing the most recent data.  
•    Support the maintenance and enhancement of actuarial models, templates, and reporting tools.
•    Calculate the initial reserve projections based on different assumptions/methodologies. 
•    Support quarterly nominal and IFRS 17 reserving and reporting work, including setting of assumptions, selection of appropriate methodologies and QA processes.
•    Monitor losses due to catastrophic events.
•    Perform actual versus expected analysis, including explanation of large movements during the quarter.
•    Analyze and explain drivers of changes in actuarial estimates, including actual experience vs. expected results, assumption updates, and model refinements
•    Produce quarterly underwriting year/accident year exhibits for management, group reserve and board meetings.
•    Develop improvements in methods and procedures as necessary to improve efficiency of reserving procedure.
•    Assist with technical accounting to complete quarterly reports to P&C and year-end reports for OSFI.
•    Assist in preparing Appointed Actuary Report annually
•    Assist in producing data for risk capital model, retrocession, earthquake accumulation and financial planning.
•    Assist with Financial Condition Testing analysis
•    Perform deep dive/ad hoc innovative analysis as required
•    Assist in other actuarial areas, as required.


So are YOU our next Actuarial Analyst? You are if…
•    Completed Bachelor’s degree in actuarial science, mathematics, statistics, or equivalent 
•    Successful completion of 2 or more CAS/CIA actuarial exams highly preferred. 
•    1 to 3 years’ experience as an actuarial analyst in the property & casualty industry. 
•    Good statistical knowledge. 
•    Excellent written and oral communication skills, with the ability to adjust communication style to audience whether internally or externally.
•    Excellent analytical, problem solving, risk evaluation and decision making skills.
•    Excellent organizational, planning, and time management skills.
•    Demonstrate accuracy and an eye for attention to detail.
•    Excellent computer skills, including experience with spreadsheet and database applications.
•    High degree of drive, self-motivation, continuing development and proven ability to work independently and build strong relationships with colleagues.
•    High degree of flexibility and adaptability to changing environment and situations.
•    Ability to work under pressure and meet deadlines.
•    You ideally have knowledge of Power BI/R/similar software and predictive analytics.


In addition to an exciting job opportunity, we offer the following…
•    You will be exposed to engaging projects and development opportunities to grow your skills and career with both local and global colleagues and partners.  
•    Mentorship from experienced actuaries who are invested in your professional growth and success.
•    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.

Click on the link to apply…
Munich Re/Temple Insurance 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.
Our base salary range for this role is between $78,370 and $101,420 per year, plus an opportunity for an annual company bonus based upon a percentage of eligible pay. The salary estimate displayed represents the typical salary range for candidates hired in this position. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to internal equity.

This role is located in our Toronto office on 390 Bay St, and we operate in a hybrid work model. This job posting is for an existing vacancy. 

We do not use AI in our recruitment process - applications are reviewed by our team to ensure a fair and personalized experience.

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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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