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About the Role
As an Actuary, you will analyze the profitability of treaty reinsurance treaties, collaborate with underwriting and client management teams on competitive pricing, and conduct strategic projects to support portfolio management. This role requires strong communication, technical, and organizational skills, with an emphasis on interpersonal and influencing abilities.
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.
- 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.
- Perform other ad hoc tasks to achieve the goals and objectives of the company.
Requirements
- Bachelors’ Degree in Actuarial Science, Mathematics or equivalent.
- FCAS designation is required for Actuary title. Near FCAS or career ACAS with pricing experience would also be considered at a Senior Actuarial Associate level.
- 5+ years of P&C actuarial work experience.
- Prior experience in pricing is required.
- Experience in reinsurance pricing is preferred.
- Excellent working knowledge of MS Excel, PowerPoint, Access.
- Demonstrates exceptional actuarial judgement by making technical decisions independently and be self-driven to deliver business insights.
- Proven experience leading projects and provide coaching to junior staffs.
- 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.
Skills
- Communication skills
- Technical skills
- Organizational skills
- Interpersonal skills
- Influencing skills
- MS Excel
- MS PowerPoint
- MS Access
- SQL
- Power BI
- AIR
- RMS
Location
- Toronto
Work Type
- Hybrid
Experience Level
- 5+ years of P&C actuarial work experience
- Senior Actuarial Associate level
Education Level
- Bachelors’ Degree in Actuarial Science, Mathematics or equivalent
- FCAS designation
- Near FCAS
- Career ACAS
Salary/Compensations
- $135,000 - $174,000 per year
Benefits
- Challenging projects and development opportunities
- Comprehensive total rewards financial program
- Extensive flexible benefits
- Pension
- Educational Assistance Programs
About the Company
- Munich Re Canada is committed to providing a work environment that is inclusive and free of employment barriers and discrimination.
- 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 with us is much more than just a job.
- It’s an invitation to be your very best and make a positive impact on the world.
Equal Opportunity
- Accommodations will be made for qualified applicants with a disability throughout the recruitment process.
- We do not use AI in our recruitment process - applications are reviewed by our team to ensure a fair and personalized experience.