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About the Role

Join the Global Actuarial Consulting Group (GACG) to drive actuarial excellence for Munich Re’s global reinsurance business. This role involves delivering high-impact actuarial solutions to internal clients worldwide, working on strategic and technical projects such as model development, pricing analysis, experience studies, valuation, and financial reporting in key markets including Canada, the U.S., the U.K., and Germany. You will collaborate with cross-functional teams and stakeholders on high-visibility assignments. The ideal candidate is a results-driven professional with a strong work ethic, passionate about solving complex problems, and thrives in a high-performing, client-focused environment, eager to make a meaningful impact. The position's level and scope will be tailored to your experience, technical expertise, and leadership capabilities.

Responsibilities

Design actuarial models for unique, region-specific reinsurance structures
Build pricing models for new quotes for region-specific business
Perform experience studies and develop actuarial assumptions
Analyze and visualize data to present insights to key stakeholders
Perform valuation and reporting under various bases
Develop surveys and analyze results for industry publications
Support risk analysis and regular sensitivity testing of financial results
Support global teams with various ad-hoc requests and secondments
Lead aspects of project workstreams, delegate, and review work
Mentor actuarial students on the team
Present formally and informally to GACG’s clients, Munich Re management, and Munich Re’s clientele

Requirements

University Degree in Actuarial Science, Finance, Statistics, or Mathematics
FSA or progression towards FSA
3+ years actuarial experience in the Life and Health insurance/reinsurance industry
Demonstrated ability to adapt in a dynamic environment and successfully deliver on multiple assignments under tight timelines
Strong problem solving and organization skills
Superior attention to detail and accuracy
Excellent communication skills
Experience with AXIS, SQL, and/or Python is an asset
Ability to travel internationally is an asset

Skills

Problem solving
Organization
Attention to detail
Accuracy
Communication
AXIS
SQL
Python

Location

Toronto office on 390 Bay St

Work Type

Hybrid work model

Experience Level

3+ years actuarial experience

Education Level

University Degree in Actuarial Science, Finance, Statistics, or Mathematics
FSA or progression towards FSA

Salary/Compensations

$118,000 - $130,000 per year, plus annual company bonus

Benefits

Engaging and collaborative environment promoting continuous learning and development
Hybrid work environment with weekly in-office and remote days, 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 for 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 is the world’s leading reinsurance company with over 40,000 employees in more than 50 locations globally.
The company introduces a paradigm shift in thinking about insurance by turning uncertainty into manageable risk, enabling fundamental change.
Munich Re recognizes Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions.
The company dares to think big and continuously innovates on behalf of clients.
Data, technology, and teams position Munich Re uniquely to drive transformative change in the life insurance industry.
Munich Re strategically invests 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 an inclusive work environment free of employment barriers and discrimination.
Accommodations will be made for qualified applicants with a disability throughout the recruitment process.
If an interview request is received and accommodation is needed due to a disability, contact AODARequestHR@munichre.ca as soon as practical for arrangements.