Senior Actuarial Associate

Senior Actuarial Associate

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 at Munich Re 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

Are you someone with strong leadership capabilities? Do you enjoy building relationships and working collaboratively in a team environment with both internal, external and global stakeholders?

Reporting to the Director, Underwriting (Pricing) for Munich Re Canada, the Senior Actuarial Associate will be responsible for analyzing the profitability of reinsurance treaties, closely working with the underwriting & client management teams to ensure competitive pricing for quote opportunities, and conducting strategic projects to improve the performance of the treaty portfolio.

Your job

Primary Responsibilities :

• Prepare treaty reinsurance pricing independently, including establishing and defending pricing assumptions for quote opportunities
• Communicate and present pricing results to the underwriting team regularly during treaty renewal period, while simultaneously managing multiple timelines to ensure a smooth treaty renewal process
• Contribute to the development of pricing assumptions and strategies which includes update of the pricing model parameters, market analysis and other strategic projects
• Support reinsurance facultative and primary single risks pricing
• Provide CAT modelling support as required by using industry and in-house software
• Challenge the status quo and provide recommendations on areas of improvement
• Design, test and maintain pricing tools, including reports to monitor the treaty business performance
• Attend industry seminars and workshops as necessary by business
• Perform other ad hoc tasks to achieve the goals and objectives of the company

Your profile

• Required Education / Experience
• Bachelor’s Degree in Actuarial Science, Mathematics or equivalent
• 5+ years of P&C actuarial work experience, commercial and reinsurance pricing experience preferred
• Working towards FCAS designation with the completion of at least 4 actuarial exams

Specialized Knowledge and Skills

• Excellent working knowledge of MS Excel, PowerPoint, Access
• Programing and modeling experience such as : VBA, R, SQL, Python, Power BI, AIR, RMS considered an asset
• Capable of carrying out actuarial analysis with minimal supervision and be self-driven to deliver business insights
• Proven experience leading projects and provide coaching to junior staffs
• Strong presentation skills to communicate technical concepts to internal and external stakeholders
• Excellent interpersonal skills, capable of working independently and as part of a team
• Ability to prioritize, while remaining flexible to deal with changing work demands

In addition to an exciting job opportunity, we offer the following :

• Exposure to challenging projects and development opportunities to grow your skills and career with both local and global colleagues and partners are available.
• 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 Canada 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.