Actuary

Senior Actuarial Associate – Munich Re

Reporting to the Head of Pricing, Treaty Underwriting for Munich Reinsurance of Canada, the Senior Actuarial Associate is responsible for analyzing the profitability of treaty reinsurance treaties, closely working with the underwriting and client management teams to ensure competitive pricing for quote opportunities, and conducting strategic projects to support the management of the treaty portfolio.

Responsibilities

• Lead treaty reinsurance pricing independently by identifying and evaluating key cost drivers, defending pricing assumptions with stakeholders, and overseeing multiple timelines to ensure a smooth treaty renewal process
• Assess pricing adequacy across varying contract terms and provide pricing recommendations in response to evolving regulatory frameworks (i.e. auto reform)
• Drive advanced portfolio analytics to identify emerging trends and insights, supporting strategic decision-making and delivering business recommendations
• Oversee and guide the development, maintenance and enhancement of actuarial models and pricing assumptions
• Lead strategic projects aligned with business needs, managing expectations with internal and external stakeholders
• Support reinsurance facultative and primary single risks pricing
• Provide CAT modelling support by using industry and in‑house software
• Challenge the status quo and provide recommendations on areas of improvement
• Provide peer review and training/mentorship to junior analysts
• Attend industry seminars and workshops as necessary by business
• Perform other ad hoc tasks to achieve the goals and objectives of the company

Qualifications

• First and foremost, you demonstrate a natural desire to provide exceptional client service through your energy, enthusiasm, and initiative.
• Bachelors’ Degree in Actuarial Science, Mathematics or equivalent
• Near FCAS/FCIA or equivalent actuarial credential is required. Career ACAS with extensive pricing experience would also be considered
• 5+ years of P&C actuarial work experience, prior experience in pricing is required and experience in reinsurance pricing is preferred
• Excellent working knowledge of MS Excel, PowerPoint, Access
• Programming and modeling experience such as SQL, Power BI, AIR, RMS considered an asset
• Demonstrates exceptional actuarial judgement by making technical decisions independently and be self‑driven to deliver business insights
• Proven experience leading projects and providing coaching to junior staff
• Demonstrates exceptional communication skills to distill complex technical concepts into clear, persuasive messages for senior internal and external stakeholders
• Excellent interpersonal skills, capable of working independently and as part of a team
• Independently prioritizes competing tasks and remains flexible in adapting to changing work demands

Benefits

• You will be exposed to challenging projects and development opportunities to grow your skills and career with both local and global colleagues and partners.
• 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 ongoing success.

Our base salary range for this role is between $112,450 and $145,640 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.

Equal Opportunity Employer

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.

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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