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About the Role

Join Munich Re’s Global Actuarial Consulting Group (GACG) and work at the center of complex, high‑impact actuarial work that supports our global life and health reinsurance business. GACG acts as an internal consulting group, partnering with teams across regions to solve some of the most interesting actuarial, financial, and strategic challenges in the organization. This role offers breadth, visibility, and growth. You’ll work across markets such as Canada, the U.S., the U.K., and Germany, gain exposure to senior stakeholders, and contribute to projects that influence pricing, risk management, and financial outcomes at a global level.

Responsibilities

Lead projects and workstreams, from planning through delivery.
Develop and enhance actuarial and financial models for life and health reinsurance solutions across different regions.
Support pricing analysis for new and existing reinsurance opportunities.
Perform experience studies and help set actuarial assumptions.
Conduct valuation and financial reporting under multiple accounting and regulatory bases.
Analyze and visualize data to clearly communicate insights to actuarial and non-actuarial stakeholders.
Support risk analysis, stress testing, and sensitivity analysis of financial results.
Contribute to industry research, surveys, and publications.
Assist global teams through ad-hoc projects and occasional short-term secondments.
Present findings and recommendations to internal clients and Munich Re leadership.
Provide guidance, manage workload and review the work of junior members of the team.
Grow into a people manager, providing feedback and having development conversations with junior members of the team.

Requirements

University degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field.
FSA/FCIA designation, held for at least one year.
5+ years of actuarial experience in life and/or health insurance or reinsurance.
Demonstrates a clear leadership mindset by taking ownership of outcomes, anticipating stakeholder needs, and guiding discussions toward practical solutions.
A connector who builds strong, trust-based relationships across teams and stakeholders, enabling smooth collaboration even in complex, cross-functional settings.
Experience with actuarial or analytical tools such as AXIS, SQL, and/or Python (Nice to have).
Exposure to multiple markets or accounting frameworks (Nice to have).
Willingness to travel internationally on an occasional basis (Nice to have).

Skills

Analytical skills
Problem-solving skills
Ability to manage multiple priorities
Clear and confident communication skills (written and verbal)
AXIS
SQL
Python
Project leadership
Actuarial modeling
Financial modeling
Pricing analysis
Experience studies
Actuarial assumption setting
Valuation
Financial reporting
Data analysis
Data visualization
Risk analysis
Stress testing
Sensitivity analysis
Industry research
Presentation skills
People management
Mentorship

Location

Toronto office on 390 Bay St

Work Type

Hybrid work environment
Weekly in-office and remote days

Experience Level

5+ years of actuarial experience

Education Level

University degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field
FSA/FCIA designation, held for at least one year

Salary/Compensations

Between $140,000 and $186,000 per year
Opportunity for an annual company bonus based upon a percentage of eligible pay

Benefits

Engaging and collaborative environment that promotes continuous learning and development
Hybrid work environment with Meeting-Free lunch hours and Focus Friday afternoons
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 the Company

Munich Re helps humankind act braver and better by engaging with everything we have and are.
World’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe.
Introduces a paradigm shift in the way you think about insurance by turning uncertainty into manageable risk.
Recognizes Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions.
Continuously innovating on behalf of clients.
Unique position to drive transformative change in the life insurance industry through data, technology, and teams.
Invests strategically in world class talent, offering a work experience that promotes professional development, innovation, and rewards high performance.

Equal Opportunity

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.
Contact AODARequestHR@munichre.ca for accommodation requests during the interview process.