Montreal

Toronto

Associate

Qualified

Senior Actuary

Life

Investments

Health

Property & Casualty

Reporting

Reinsurance

Risk

Modelling

Data Science

Bulk Annuities

Pricing

Longevity

Excel

AXIS

Director &amp; Actuary, Ind. Reinsurance Sol./Directeur et Actuaire, Solutions de Réassurance IndividuelCompany: Munich Re, Canada (Life)Location: Montreal City, CanadaPosition Overview:Reporting to the Assistant Vice President and Actuary, Individual Reinsurance Solutions, you will play an important role in the pricing of new individual life reinsurance transactions to ensure that Munich Re remains a leading reinsurer.Specifically, you will be responsible for assessing reinsurance opportunities, developing business in the Quebec and Atlantic markets while maintaining strong relationships with existing clients, and contributing to the management of a portfolio spanning multiple lines of business (life insurance, critical illness, and disability insurance).This position requires in-depth technical expertise, excellent knowledge of individual insurance, and strong business relationship skills.Your Role:Business Development:<ul><li>Develop strong, trust-based relationships with key decision-makers at current and potential client companies, and support relationships established by other Munich Re team members with those decision-makers.</li><li>Monitor market developments (competitors, insurers, regulators, etc.) that impact individual reinsurance. Maintain strong market visibility by meeting with insurers and participating in industry events.</li><li>Collaborate with the Digital Solutions team to build connections and strengthen our capabilities and reputation regarding our digital platform and both traditional and non-traditional reinsurance agreements.</li></ul>Client Relationship Management:<ul><li>Respond to client needs in a timely manner and be perceived as a business partner.</li><li>Maintain strong relationships with key clients to support the retention of profitable treaties.</li><li>As an account manager, develop solid, meaningful, and professional relationships with internal departments (group pricing, treaties, underwriting, claims, biometric research, etc.).</li></ul>Transaction Pricing:<ul><li>Work closely with the Assistant Vice President and Head of Pricing to assess reinsurance opportunities in individual insurance, including traditional reinsurance, in-force block deals, insurtech partnerships, and product development. Specific tasks may include:</li><li>Evaluate RFP documents, product information, and underwriting processes to establish assumptions and reinsurance pricing models.</li><li>Collaborate with other teams such as biometrics, analytics, and underwriting to gain a full understanding of key biometric risks.</li><li>Supervise, review, and guide the work of analysts and actuaries, including reviewing actuarial models and results.</li><li>Present pricing results to stakeholders to obtain their support, including the AVP, Head of Pricing, risk management team, and senior management.</li><li>Negotiate reinsurance terms with clients to meet profitability objectives.</li><li>Work on treaty clauses with clients to ensure Munich Re has the necessary protections.</li></ul>People Management:<ul><li>Support a team of analysts and actuaries by helping them develop their skills and by acting as a mentor.</li></ul>Business Management:<ul><li>Improve the pricing process by continuously refining tools and models used to support new business pricing.</li><li>Monitor business profitability and performance to improve future pricing processes.</li><li>Understand the dynamics that influence business profitability and ensure that issues are identified early.</li></ul>Your Profile:<ul><li>Bachelor’s degree in actuarial science, mathematics, or statistics.</li><li>Fellowship designation.</li><li>Minimum of 7 years of relevant experience.</li><li>Advanced oral and written proficiency in both French and English required.</li><li>Experience in individual insurance and/or reinsurance required.</li><li>Ability to close deals – results-oriented and able to secure buy-in for desired agreements.</li><li>Strong ability to market oneself and sell ideas/solutions to internal and external clients.</li><li>Ability to conceptualize and implement business solutions related to actuarial issues.</li><li>Technical expertise with the ability and interest to learn new skills and effectively transfer existing skills to other team members.</li></ul>About Munich Re:Together, we engage with everything we have and are, to help humankind act braver and better.As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into manageable risk, we enable fundamental change.We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions. We dare to think big and are continuously innovating on behalf of our clients.Our data, our technology, and our teams place us in a unique position to drive transformative change in the life insurance industry. We invest strategically in our world-class talent, offering our employees a work experience that promotes professional development, innovation, and rewards high performance.What Can We Offer You?We are pleased to offer our employees great benefits and resources to support their mental, physical and financial wellbeing. These include:<ul><li>An engaging and collaborative environment that promotes continuous learning and development.</li><li>A hybrid work environment that combines weekly in-office and remote days with Meeting-Free lunch hours and Focus Friday afternoons.</li><li>A great compensation package including annual company bonus.</li><li>Market leading company-paid flexible health and dental benefits, starting on your first day.</li><li>Flexible dollars provided by the company to put towards Health Spending Account and/or Wellness Spending Account.</li><li>Immediate participation in DC Pension Plan with an automatic 5% employer contribution, plus optional company match.</li><li>Generous time off including vacation, personal days, unplanned time, Statutory Holidays and company-wide early closure half-days.</li><li>Learning and development programs and resources, including unlimited access to LinkedIn Learning, Education Assistance Program and reimbursement for professional fees.</li><li>Maternity, Parental &amp; Adoption Leave top-up program.</li><li>Employee Referral Program, Recognition &amp; Rewards Platform.</li></ul>Please note that only candidates who are selected for interview will be contacted directly. We thank all candidates for their interest.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.Relevant du Vice-président adjoint et actuaire, Solutions de réassurance individuelle, vous jouerez un rôle important dans la tarification de nouvelles transactions de réassurance en assurance individuelle afin d’assurer que Munich Re demeure un réassureur de premier plan.Plus précisément, vous serez responsable d’évaluer les occasions de réassurance, de faire du développement d’affaires pour les marchés du Québec et de l’Atlantique tout en maintenant des relations solides avec nos clients existants, et de contribuer à la gestion d’un portefeuille comprenant plusieurs lignes d’affaires (assurance vie, maladies graves et invalidité).Ce poste exige une expertise technique approfondie, une excellente connaissance de l’assurance individuelle ainsi qu’une facilité à développer des relations d’affaires.Responsabilités:Développement des affaires:<ul><li>Développer des relations solides et de confiance avec les décideurs clés des entreprises clientes actuelles et potentielles, et soutenir les relations établies par d’autres membres de Munich Re avec ces décideurs.</li><li>Surveiller les développements du marché (concurrents, assureurs, organismes de réglementation, etc.) ayant une incidence sur la réassurance individuelle.</li><li>Maintenir une forte visibilité sur le marché en rencontrant les assureurs et en participant aux événements de l’industrie.</li><li>Collaborer avec l’équipe des Solutions numériques pour établir des contacts et renforcer notre capacité et notre réputation en lien avec notre plateforme numérique et les ententes de réassurance traditionnelles et non traditionnelles associées.</li></ul>Gestion des relations clients:<ul><li>Répondre aux besoins des clients en temps opportun et être perçu comme un partenaire d’affaires.</li><li>Maintenir des relations solides avec les clients clés afin de favoriser la rétention des traités rentables.</li><li>En tant que gestionnaire de compte, développer des relations solides, significatives et professionnelles avec les autres départements internes.</li></ul>Tarification des transactions:<ul><li>Travailler en étroite collaboration le vice-président adjoint et le chef de la tarification pour évaluer les occasions de réassurance en assurance individuelle.</li><li>Évaluer les documents d’appel d’offres (RFP), les informations sur les produits et les processus de sélection pour établir les hypothèses et les modèles de tarification de la réassurance.</li><li>Collaborer avec d’autres équipes telles que la biométrie, l’analytique et la sélection des risques pour bien comprendre les risques biométriques clés.</li><li>Superviser, réviser et guider le travail des analystes et des actuaires.</li><li>Présenter les résultats de tarification aux parties prenantes afin d’obtenir leur appui.</li><li>Négocier avec les clients les modalités de réassurance afin de rencontrer les objectifs de rentabilité.</li><li>Travailler les clauses de traités avec les clients afin d’assurer la protection nécessaire pour Munich Re.</li></ul>Gestion de personnel:<ul><li>Soutenir une équipe d’analystes et d’actuaires en les aidant à développer leurs compétences.</li></ul>Gestion des affaires:<ul><li>Améliorer les processus de tarification en raffinant continuellement les outils et les modèles utilisés pour soutenir la tarification des nouvelles affaires.</li><li>Surveiller la rentabilité et la performance des affaires afin d’améliorer le processus pour les tarifications futures.</li><li>Comprendre les dynamiques qui influencent la rentabilité des affaires et s’assurer que les problèmes soient détectés rapidement.</li></ul>Exigences:<ul><li>Baccalauréat en actuariat, mathématiques ou statistiques.</li><li>Titre Fellow de la SOA ou de l’ICA.</li><li>Un minimum de 7 ans d’expérience pertinente.</li><li>Maîtrise du français et de l’anglais de niveau avancée à l’oral et à l’écrit nécessaire.</li><li>Expérience en assurance individuelle et/ou en réassurance requise.</li><li>Capacité à conclure des ententes en étant axé sur les résultats.</li><li>Forte capacité à se vendre et à vendre ses idées/solutions aux clients internes et externes.</li><li>Capacité à conceptualiser et à mettre en œuvre des solutions d’affaires liées aux enjeux actuariels.</li><li>Maîtrise technique en ayant la capacité et l’intérêt d’apprendre de nouvelles compétences.</li></ul>

Director & Actuary, Longevity & Structured ReinsuranceCompany: Munich Re, Canada (Life)Location: Montreal City, CanadaThe Director & Actuary, Longevity & Structured Reinsurance will play a significant role in evaluating and pricing new reinsurance transactions in our fast-growing longevity and structured reinsurance line of business. You will be responsible for evaluating reinsurance opportunities, collaborating internally and externally to establish new partnerships, and helping manage a growing book of multi-line business.This position requires substantial technical expertise and market knowledge of group and individual annuities, pension risk transfer solutions, and individual life insurance. You’ll have the opportunity to work on high-impact projects including executing growth strategies, market research, developing novel reinsurance solutions, and quoting on large transactions.Transaction PricingWork closely with the head of department and pricing team to evaluate and quote on reinsurance opportunities which may include traditional reinsurance, pension risk transfer, inforce block transactions, structured reinsurance solutions, and product development. Specific tasks performed may include:<ul><li>Evaluating RFP material, product information, underwriting, and subject business due diligence to establish assumptions and models for reinsurance pricing.</li><li>Collaborating with other teams such as biometric research, corporate actuarial, and risk management to achieve a deep understanding of key risks.</li><li>Presenting pricing results to key stakeholders including heads of departments and senior management to receive support for transactions.</li><li>In certain transactions, working with Munich Re’s global functions to establish appropriate off-shore reinsurance solutions and managing the internal approval process with central functions as required.</li></ul>Business Management<ul><li>Pricing process improvements through the continual refinement of models and methodologies used in the support of new business pricing.</li><li>Monitor profitability and business performance to create a feedback loop for future pricing and assumption updates.</li><li>Repricing and renewals of existing transactions, as required per the treaty terms.</li><li>Support execution and onboarding of transactions including drafting and negotiating treaties, coordinating with corporate actuarial and accounting functions on reinsurance administration and reporting.</li></ul>Special Projects<ul><li>Lead the pricing and analysis in more technical projects, e.g., mortality table and improvement assumption development.</li><li>Research and development of new reinsurance solutions to help address challenges and opportunities of our clients, which include balance sheet optimization, income volatility protection, enhanced returns, access to additional capital and liquidity.</li></ul>Your Profile<ul><li>University Degree in Actuarial Science, Statistics, or Mathematics.</li><li>FCIA/FSA designation.</li><li>5-10 years experience in the Canadian Life and Health insurance/reinsurance industry.</li><li>Minimum 5 years experience in the Canadian Pension Risk Transfer / Group Annuity market with an insurer, reinsurer, or consultant.</li><li>Strong analytical, modeling, and problem-solving skills.</li><li>Pricing and product development experience preferred.</li><li>Excellent communication and presentation skills.</li><li>Ability to conceptualize and implement business solutions regarding actuarial issues.</li><li>Technical proficiency with the ability and interest to learn new skills and successfully transfer existing skills to others in the group.</li><li>Advanced software/application knowledge including Excel, PowerPoint, Word, Axis, and SQL.</li></ul>What Can We Offer You?We are pleased to offer our employees great benefits and resources to support their mental, physical, and financial wellbeing. These include:<ul><li>An engaging and collaborative environment that promotes continuous learning and development.</li><li>A hybrid work environment that combines weekly in-office and remote days with Meeting-Free lunch hours and Focus Friday afternoons.</li><li>A great compensation package including an annual company bonus.</li><li>Market-leading company-paid flexible health and dental benefits, starting on your first day.</li><li>Flexible dollars provided by the company to put towards Health Spending Account and/or Wellness Spending Account.</li><li>Immediate participation in DC Pension Plan with an automatic 5% employer contribution, plus optional company match.</li><li>Generous time off including vacation, personal days, unplanned time, statutory holidays, and company-wide early closure half-days.</li><li>Learning and development programs and resources, including unlimited access to LinkedIn Learning, Education Assistance Program, and reimbursement for professional fees.</li><li>Maternity, Parental & Adoption Leave top-up program.</li><li>Employee Referral Program, Recognition & Rewards Platform.</li></ul>About Munich ReTogether, we engage with everything we have and are, to help humankind act braver and better.As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into manageable risk, we enable fundamental change. We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions.Our data, our technology, and our teams place us in a unique position to drive transformative change in the life insurance industry. We invest strategically in our world-class talent, offering our employees a work experience that promotes professional development, innovation, and rewards high performance.Please note that only candidates who are selected for interview will be contacted directly. We thank all candidates for their interest.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.

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.The annual base salary range provided for this position is a nationwide market range and represents a broad range of salaries for this role across the country. The actual salary for this position will be determined by a number of factors, including the scope, complexity and location of the role; the skills, education, training, credentials and experience of the candidate; and other conditions of employment. As part of our comprehensive compensation and benefits program, employees are also eligible for performance-based cash incentive awards.Salary Range: $132,100.00 – $217,900.00The Senior Director, International Actuarial &amp; Analytics will work in close partnership with International Country Actuarial &amp; Analytics teams and business partners, U.S. business segments, and enterprise functions to help lead and drive key International initiatives and projects. This role will have managerial responsibilities, including direct reports.This unique position provides exposure to all products and lines of business including specialty business such as Lloyd’s, across multiple geographies, and across all U.S. domestic segments: Personal Insurance, Business Insurance, and Bond and Specialty Insurance.This position requires inquisitiveness, creativity, and adaptability. The successful candidate will be resourceful, and a quick study with strong leadership drive and the ability to influence. The position provides the opportunity to partner with a culturally diverse talented group and senior leaders across organization to make significant contributions to the company through a variety of projects.As the Business Insurance (BI) A&amp;A liaison for International, this individual will lead efforts to connect and support the International teams with the BI Actuarial &amp; Analytics teams leveraging BI expertise and capabilities and providing analytics to the organization.This position will collaborate with the business segments, local teams and the enterprise, leading efforts to drive efficiencies and extend enterprise capabilities to International and local teams across Actuarial.This individual will also partner with the business segments to continue to execute a robust International Actuarial &amp; Analytics governance framework across U.S., Canada, and Europe.The Senior Director, Actuarial and Analytics is an analytic leadership role that will have responsibility for projects that may include ratemaking, pricing, project management, ERM related and advanced analytics and research with the potential for reserving and planning/forecasting. This role is expected execute strategic and operational initiatives, drive change and influence leaders up to the VP level with business partners and share ownership of business financial results.What Will You Do?<ul><li>Assess, prioritize, influence and communicate strategic initiative options to senior leaders.</li><li>Demonstrate effective execution and completion of assigned strategic initiatives and projects.</li><li>Generate and advocate for process improvements and actively propel innovation in alignment with existing strategy.</li><li>This position will lead assigned unit strategic initiatives and cross-unit initiatives and is expected to participate in Enterprise initiatives on a limited basis.</li></ul>Operational:<ul><li>Independently perform actuarial and analytic analyses to solve business problems and apply judgment appropriately.</li><li>Drive day to day execution within unit. Begin to drive broad department initiatives.</li><li>Promote efficiency across primary working group, balancing additional effort against incremental lift gained from work.</li><li>Make decisions independently in accordance with department practices.</li><li>Consistently provide direction and review others’ analytical work.</li><li>Begin to translate ambiguous business needs into analytical solutions.</li><li>Provide support as necessary for initiatives across the Enterprise within the scope of influence.</li></ul>Communication:<ul><li>Communicates on a regular basis with staff, peers and business partners and on an occasional basis with senior leaders.</li><li>Tailors communication of analysis, project results, and other business initiatives to audience.</li><li>Communicates technical topics to non-technical audiences.</li><li>Leads group discussions with primary working group.</li><li>Creates formal written communication such as memos or presentations.</li><li>Able to influence and collaborate with peers and partners to take actions to enhance business outcomes.</li></ul>Talent:<ul><li>Staff responsibilities are likely to include direct management of a small team of individual contributors.</li><li>Acquisition, retention, and development of talent for assigned unit.</li><li>Execute and communicate talent development processes, including performance and personal development goals.</li><li>Succession planning and talent assessment recommendations.</li><li>Performance management.</li><li>Support staff engagement cross Enterprise initiatives.</li><li>Mentor less experienced talent across the Enterprise.</li><li>Onboard new employees and interns in unit.</li><li>Support various training and skill development initiatives across Segment and the Enterprise.</li><li>May provide support for recruiting efforts and candidate talent assessment efforts.</li><li>Perform other duties as assigned.</li></ul>What Will Our Ideal Candidate Have?<ul><li>College degree in STEM related field.</li><li>Associate Actuarial Credential preferred.</li><li>8+ years of quantitative analysis experience.</li><li>Strong understanding of insurance products and industry.</li><li>Demonstrated ability in actuarial and quantitative analysis and statistical concepts.</li><li>Leadership experience.</li><li>Excellent communication, collaboration and relationship-building skills.</li><li>Excellent communication skills with the ability to present and translate complex information to leadership and non-technical teams.</li><li>Strong PC skills (MS Office) and programming skills (eg. SQL, SAS).</li></ul><ul><li>Begins to challenge conventional thinking.</li><li>Takes ownership of projects related to strategic initiatives and often makes independent recommendations to influence business outcomes.</li><li>Proficient in Leading Self including exhibiting decisiveness and self-awareness while also effectively managing ambiguity.</li><li>Development of Leading Others including modeling the way for others and leading cross-unit projects.</li><li>Initial development of Leading the Business including actively engaging in driving business results, broad thinking and promoting an Enterprise culture.</li></ul>Business Acumen:<ul><li>Has an in-depth understanding and knowledge of certain key business drivers and disciplines such as: underwriting, products, reinsurance, distribution, sales, operations, risk control, claim, and financials.</li><li>Able to effectively utilize this business knowledge in developing and implementing analytic solutions.</li><li>Has perspective on the industry and developing trends, including: technology

Country

Sector

Hide closed jobs

Senior Actuarial Job Vacancies and Opportunities