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Senior Actuarial Associate - Individual Reinsurance Solutions

Location Toronto, Canada Job type Full-Time Work mode Hybrid Job level Professional Job ID 14592 Company Munich Re, Canada (Life) Employment type Regular Area of expertise Actuarial & Risk Management
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Position Overview

  • Supports the ongoing pricing management, analysis, and modelling of the Individual Life and Critical Illness new business portfolio.
  • Maintains and enhances pricing management models, monitors new business volumes and profitability, and supports the development and testing of assumptions used for new business pricing.
  • Assist with the development of assumptions and building of actuarial models for Individual Life or Critical Illness business, enabling the delivery of quality quotes on time. 
  • Works with team members or other internal stakeholders and manages assigned deliverables, communicates analyses and delivering results and documentation.

Your Role

  • Maintain and enhance the pricing management models used to monitor the Individual Life and Critical Illness new business portfolio.
  • Monitor the portfolio to identify changes in the portfolio to explain variances between actual and expected volumes and profitability.
  • Support the development and testing of actuarial assumptions used in pricing Individual Life and Critical Illness business.
  • Lead or contribute to the technical aspects of internal projects or ad-hoc requests, working with other team members or internal stakeholders.
  • Contribute to the enhancement of pricing processes or methodologies by developing tools for potential improvements of the day-to-day process and pricing methods.
  • Build models in AXIS to appropriately price products and determine profitability metrics.
  • Assist in the analysis of both internal and external data to support assumption development processes for reinsurance.

Your Profile

  • University Degree in Actuarial Science, Finance, Statistics, or Mathematics.
  • FSA or progression towards FSA.
  • 2+ years of actuarial experience in the Life and Health insurance/reinsurance industry.
  • Strong analytical, organizational, and problem-solving skills with high degree of attention to detail.
  • Demonstrated ability to learn quickly and work effectively under tight timelines in a dynamic environment.
  • Excellent communication skills, including the ability to clearly organize and present analyses to technical and non-technical audience.
  • Proficient with GGY AXIS, Datalink, SQL, Excel, Word, PowerPoint.

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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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