Montreal

Toronto

Zurich

Graduate

Part Qualified

Associate

Qualified

Senior Actuary

Life

Investments

Health

Pensions

Property & Casualty

Reserving

Reporting

Reinsurance

Risk

Python

Modelling

Prophet

Coding

Bulk Annuities

Motor

Pricing

MoSes

Valuation

Longevity

Consulting

Excel

ResQ

Power BI

Emblem

AXIS

Radar

Actuarial AssociateCompany: Munich Reinsurance Company of CanadaLocation: Toronto, CanadaWe 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 at Munich Re is much more than just a job. It’s an invitation to be your very best and make a positive impact on the world.OverviewDo you enjoy building relationships and working collaboratively in a team environment with both internal, external and global stakeholders? Do you possess strong analytical and investigative competencies? As someone with excellent communication skills and business acumen, you will utilize exceptional interpersonal and influencing skills across all levels of the organization.We’re looking for our next Actuarial Associate. Reporting to the Director, Corporate Actuarial, the Actuarial Associate will manage and enhance the efficiency and accuracy of the ongoing quarterly reserving and reporting analysis for both primary and reinsurance business.Responsibilities<ul><li>Conduct quarterly reserving and reporting analyses of claims and premium liabilities, including setting of assumptions, selection of appropriate methodologies and assessing the impact.</li><li>Drive automation and complexity reduction and transition towards new ways of collaboration.</li><li>Streamline procedures and develop advanced methodologies to improve the efficiency and accuracy of the reserving process, and to meet requirements of the CIA, regulators and Munich Re Munich (MRM, head office).</li><li>Be a change agent in leveraging analytics to reinforce presentation of results to all internal and external stakeholders.</li><li>Develop actionable business insights, and actively engage underwriting, finance and claims during the quarterly reserving processes.</li><li>Perform deep dive/ad hoc innovative analysis as required.</li><li>Assist in preparing and improving the efficiency in Appointed Actuary Report preparation annually.</li><li>Work closely with a number of teams, including but not limited to Claims, Underwriting, Finance, Risk, reporting project team, other IOs and Central Reserving in Head Office (Munich) for various reserving, modeling, reporting, and data assumptions/trends.</li><li>Keep abreast of the Canadian and international Property & Casualty industry knowledge and developments.</li><li>Maintain a collaborative working relationship with all MR Canada department, staff and colleagues in Central functions in Munich.</li></ul>Qualifications<ul><li>You ideally have a Bachelor’s Degree in Actuarial Sciences or equivalent.</li><li>Working towards ACAS/FCAS/equivalent actuarial credential with completion of at least four (4) actuarial examinations.</li><li>You have a minimum of three (3) years of knowledge and experience in the property & casualty industry as well as experience with reserving, financial forecasting and analytics.</li><li>You possess keen strategic thinking, business acumen and problem solving skills.</li><li>You have good communication, organizational, and time management skills with a demonstrated attention to detail and an eye for accuracy.</li><li>You have exceptional computer skills including Microsoft Office and other computer software, including MS Word, Excel and PowerPoint.</li><li>You have exceptional ability to make technical decisions (e.g. modeling decisions, data decisions), demonstrating sound judgement in actuarial decision making.</li><li>You have the ability to work on a small team and build strong relationships with your colleagues.</li><li>You have well-developed organization skills, with the ability to analyze current processes and procedures and recommend and implement improvements.</li><li>You demonstrate a high degree of flexibility and adaptability to changing environment and situations with an ability to work collaboratively to achieve results under tight deadlines.</li><li>You are able to handle a number of diverse projects and coordinate the activities of others in a performance-oriented culture.</li><li>You ideally have knowledge of Power BI/R/similar software and predictive analytics.</li></ul>In addition to an exciting job opportunity, we offer the following:<ul><li>You will be exposed to challenging projects and development opportunities to grow your skills and career with both local and global colleagues and partners.</li><li>A comprehensive total rewards financial program which includes extensive flexible benefits and pension.</li><li>A hybrid work environment in an inspiring physical workplace setting.</li><li>Educational Assistance Programs that continue to recognize your ongoing success.</li></ul>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.

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.

Are you keen to be part of the team to support the portfolio growth of the Financial Solutions Ambition announced as part of the L&amp;H Ambition Reset? Are you savvy with financial reinsurance and capital solutions, and excited about optimizing performance under the updated regulatory frameworks for VA/GMxB and related product lines?About the Job<ul><li>Manage the in-force performance of VA/GMxB, Financial Market Transformation (FMT), and Remote Risk Transactions (RRT) portfolios.</li><li>Develop, enhance and maintain stochastic models for valuation and pricing of VA and GMxB riders under economic, International Financial Reporting Standards (IFRS), and US Statutory frameworks.</li><li>Use scripting languages for regular production, performance optimization, management reporting, etc.</li><li>Analyze biometric experience and propose assumption updates for review and approval by Risk Management.</li><li>Present material for Quarterly Monitoring committees on transaction level experience.</li><li>Perform regular and ad-hoc investigations into existing processes and data such as policy data, Profit &amp; Loss attribution, reserving and capital calculations.</li><li>Collaborate and consult with other groups in L&amp;H and across the wider Swiss Re Group with a view to continually improve our ability to manage the financial and biometric exposures of the portfolio.</li><li>Support on-boarding of new transactions and new products, leading internal coordination across functions in L&amp;H to ensure the smooth transition of models and processes into production.</li><li>Support standardizing and productionizing of transactions reporting for valuation, accounting, statutory, risk management and hedging purposes.</li></ul>About the TeamMajor relationships include:<ul><li>L&amp;H FMI Pricing &amp; Structuring</li><li>L&amp;H Structured Solutions</li><li>Risk Management – Financial Risk Management, Valuations</li><li>Finance</li><li>Treasury</li><li>Asset Management</li></ul>About You<ul><li>Mathematical / Computer Science / Financial modelling / Actuarial Sciences / Finance academic background.</li><li>Understanding or interest in life insurance business concepts with 5+ years of experience.</li><li>Experience with scripting and analytical languages such as Python, R, C++, C, Moses, Prophet, AXIS.</li><li>Quantitative technical abilities with practical experience using a range of tools to perform data analytics.</li><li>Curious mind interested in investigating the underlying drivers and patterns.</li><li>Working level financial markets knowledge, collaboration with Treasury.</li><li>Performance minded – drive to grow new business, KPI focused.</li></ul>For Switzerland, the base salary range for this position is between CHF 128,000 and CHF 192,000 for a full-time role. The specific salary offered considers the requirements, scope, complexity and responsibilities of the role, as well as the applicant's profile including education, qualifications, expertise, specialization, skills and experience.In the situation where you do not meet all the requirements or you significantly exceed these, the offered salary may be below or above the advertised range. In addition to your base salary, you may be eligible for additional rewards and benefits including an attractive performance-based bonus.About Swiss ReSwiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property &amp; Casualty and Life &amp; Health.Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics.If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.Swiss Re is an equal opportunity employer. It is our practice to recruit, hire and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law.Keywords:actuarial, quantitative analyst, financial markets, portfolios, L&amp;H ReinsuranceReference Code:134510

Consultant Actuarial, AffinityWe are seeking an aspiring actuary who can consult with our clients by translating complex concepts and actuarial analyses into concise, effective messaging. The ideal candidate will be familiar with and have experience in personal insurance products including travel insurance, embedded credit card insurance, personal home &amp; auto insurance, and life and health insurance solutions.We are a unique practice in the Canadian marketplace that focuses on the development of new insurance solutions and optimization of existing insurance solutions for Affinity program sponsors. These programs are targeted at large customer or membership bases of clients whose core business is not always insurance, such as banks, retailers, associations, and hospitality providers. Solutions are positioned to be complementary to the core services or product offerings of these Affinity organizations and the associated strategies that they employ to achieve key objectives of customer/member engagement, optimized customer experience, and revenue and business growth.Our work primarily relates to lines of business where property &amp; casualty pricing and reserving are necessary foundational elements of our analysis. However, experience in life and health insurance offers incremental added value to certain support activities of our practice. You will also be integrated into a broader team of Affinity consulting professionals where foundational elements of client strategy, customer engagement, and operations are complemented by core analytics delivered through the actuarial component of our practice.You will be on the front lines of insurance strategy development, product development/enhancement, and new business development. You will be exposed to a variety of lines of insurance business, clients, and unique solutions supporting an ever-evolving marketplace. The role is currently on a hybrid workstyle.The Role<ul><li>Consulting, actuarial and analytics support to clients</li><li>Pricing and loss reserving analysis, financial forecasting and scenario modeling, claims analyses, dashboard reporting, industry benchmarking, and other ad hoc analysis</li><li>Support to senior consulting staff on consulting mandates, including production of reports, presentations, summary analyses, and client communications</li><li>Analysis and recommendations related to client strategy assessments</li><li>Client-facing support on both technical and strategic issues</li><li>Collaborate with non-actuarial subject matter experts to support broader insights into client issues alongside core actuarial insights</li><li>Project management and oversight of day-to-day client deliverables</li><li>Identify and implement process and efficiency improvements</li><li>Coach and support the development of junior actuarial resources</li></ul>QualificationsThe Requirements<ul><li>More than 5 years of working experience in the actuarial field, with a preferred focus on property &amp; casualty actuarial consulting</li><li>An Associate or "near-Associate" of a recognized actuarial professional association with a preferred focus on attaining Fellowship through property &amp; casualty actuarial exams</li><li>Problem solving, critical thinking, and ability to apply technical assets to solve complex business problems</li><li>Experience with standard actuarial pricing and/or reserving techniques</li><li>Ability to communicate results in layman’s terms, both orally and in writing</li><li>Applies a high standard of quality control</li><li>Works well in teams and seeks assistance/support as appropriate</li><li>Demonstrates strong listening skills</li><li>Exhibits a positive attitude and demonstrates integrity in all interactions</li><li>Strong work ethic, including ability to show initiative, manage multiple priorities, and honor timely client commitments</li><li>Skilled in using the Microsoft suite, particularly with Excel, Word, and PowerPoint</li><li>Experience with manipulating and summarizing data using "R" or similar programming languages</li></ul>Other Valuable Candidate Assets<ul><li>Fluency in French</li><li>Experience with using Power Platform tools such as illustrating information on PowerBI and automating workflows on Power Automate</li><li>Experience with reserving and pricing tools like ResQ, Radar, Emblem</li><li>Past consulting and/or Affinity experience</li></ul>Equal Opportunity Employer

Are you keen to be part of the team to support the portfolio growth of the Financial Solutions Ambition announced as part of the L&amp;H Ambition Reset? Are you savvy with financial reinsurance and capital solutions, and excited about optimizing performance under the updated regulatory frameworks for VA/GMxB and related product lines?About the Job<ul><li>Manage the in-force performance of VA/GMxB, Financial Market Transformation (FMT), and Remote Risk Transactions (RRT) portfolios.</li><li>Develop, enhance and maintain stochastic models for valuation and pricing of VA and GMxB riders under economic, International Financial Reporting Standards (IFRS), and US Statutory frameworks. Use scripting languages for regular production, performance optimization, management reporting, etc.</li><li>Analyze biometric experience and propose assumption updates for review and approval by Risk Management.</li><li>Present material for Quarterly Monitoring committees on transaction level experience.</li><li>Perform regular and ad-hoc investigations into existing processes and data (such as policy data, Profit &amp; Loss attribution, reserving and capital calculations, etc.).</li><li>Collaborate and consult with other groups in L&amp;H and across the wider Swiss Re Group (LHSS, Client Markets, Finance, Risk, etc.) to continually improve our ability to manage the financial and biometric exposures of the portfolio.</li><li>Support onboarding of new transactions (e.g., Captive and Capital Relief) and new products (e.g., FIA, RILA), leading internal coordination across functions in L&amp;H to ensure the smooth transition of models and processes into production.</li><li>Support standardizing and productionizing of transactions reporting for valuation, accounting, statutory, risk management, and hedging purposes.</li></ul>About the TeamMajor relationships include:<ul><li>L&amp;H FMI Pricing &amp; Structuring.</li><li>L&amp;H Structured Solutions.</li><li>Risk Management – Financial Risk Management, Valuations.</li><li>Finance.</li><li>Treasury.</li><li>Asset Management.</li></ul>About You<ul><li>Mathematical / Computer Science / Financial modelling / Actuarial Sciences / Finance academic background.</li><li>Understanding or interest in life insurance business concepts. 5+ years of experience.</li><li>Experience with scripting and analytical languages e.g., Python, R, C++, C, Moses, Prophet, AXIS.</li><li>Quantitative technical abilities. Practical experience using a range of tools to perform data analytics.</li><li>Curious mind interested in investigating the underlying drivers and patterns.</li><li>Working level financial markets knowledge, collaboration with Treasury, etc.</li><li>Performance minded – drive to grow new business, KPI focused.</li></ul>About Swiss ReSwiss Re is one of the world’s leading providers of reinsurance, insurance, and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property &amp; Casualty and Life &amp; Health.Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought, or other characteristics.In our inclusive and flexible environment, everyone can bring their authentic selves to work and their passion for sustainability.Swiss Re is an equal opportunity employer. It is our practice to recruit, hire, and promote without regard to race, religion, color, national origin, sex, disability, age, pregnancy, sexual orientations, marital status, military status, or any other characteristic protected by law. Decisions on employment are solely based on an individual's qualifications for the position being filled.During the recruitment process, reasonable accommodations for disabilities are available upon request.

ActuaryCompany: Munich Reinsurance Company of CanadaLocation: Toronto, CanadaWe 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 at Munich Re is much more than just a job. It’s an invitation to be your very best and make a positive impact on the world.OverviewDo you enjoy building relationships and working collaboratively in a team environment with both internal, external, and global stakeholders? Do you possess strong analytical and investigative competencies? As someone with excellent communication skills and business acumen, you will utilize exceptional interpersonal and influencing skills across all levels of the organization.We’re looking for our next Actuary. Could It Be You?Reporting to the Vice President, Corporate Actuarial, the Actuary will manage development and on-going maintenance for quarterly reserving and forecast analysis for Munich Reinsurance of Canada (MROC) and Temple Insurance Company (Temple).Need more details? Keep reading. You will…<ul><li>Lead the quarterly review of actual and forecasted claims and premium liabilities, including setting of assumptions and interpreting the financial results.</li><li>Drive automation and complexity reduction and transitioning towards new ways of collaboration.</li><li>Understand Munich Re Munich (MRM, head office) methodology used to generate cashflows, produce financials, and reserving inputs/assumptions required for MRM IFRS17 modelling.</li><li>Deliver data/assumptions for MRM IFRS17 modelling and testing; analyze results of MRM testing/modelling.</li><li>Provide insights to MRM regarding Canadian specific requirements, including The Office of the Superintendent of Financial Institution (OSFI) and Canadian Institute of Actuaries requirements.</li><li>Support the continued development of local IFRS17 assessment tool, including sensitivity testing and comparison against MRM outputs.</li><li>Provide data/analysis to respond to regulatory IFRS17 requests, including assisting in preparing and improving the efficiency in Appointed Actuary Report preparation annually.</li><li>Lead regular communications with MRM, including drafting of topics and preparation of discussion material.</li><li>Understand Temple & MROC financial data, working with Actuarial Reserving team to extract/obtain data as required.</li><li>Understand Temple & MROC reinsurance structures and IFRS17 modelling implications, providing input to MRM as required.</li><li>Work closely with other IFRS17 leads in Canada and external IFRS17 actuarial resources.</li><li>Work closely with a number of teams, including but not limited to Finance, Risk, Claims, Underwriting, other international operations and Central Reserving in Head Office (Munich) for various financial reporting, modelling, and data assumptions/trends.</li><li>Take an active role in development and roll out of local IFRS17 communication material with senior management.</li><li>Keep abreast of global and Canadian Property & Casualty industry knowledge and developments, including any regulatory guidelines.</li><li>Maintain a co-operative working relationship with all MR Canada department and staff.</li><li>Maintain external working relationships with MRM, external auditors, and government regulators.</li></ul>So are YOU our next Actuary? You are if…<ul><li>You ideally have a Bachelor’s Degree in Actuarial Sciences or equivalent.</li><li>You possess your ACAS/ACIA (Associate of Casualty Actuarial Society/Canadian Institute of Actuaries) designation or an equivalent actuarial credential.</li><li>Ideally, you are working towards your FCAS/FCIA (Fellow of Casualty Actuarial Society/Fellowship of the Canadian Institute of Actuaries) or equivalent actuarial credential.</li><li>You have a minimum of five (5) years of knowledge and experience in the property & casualty industry as well as experience with reserving; experience with reinsurance and financial reporting & forecasting is preferred.</li><li>You possess keen strategic thinking, business acumen, and problem-solving skills.</li><li>You have good communication, organizational, and interpersonal skills with a demonstrated superior attention to detail and an eye for accuracy.</li><li>You have exceptional ability to make technical decisions (e.g. modeling decisions, data decisions), demonstrating sound judgement in actuarial decision making.</li><li>You have the ability to work on a small team and build strong relationships with your colleagues.</li><li>You possess excellent analytical and abstract reasoning skills.</li><li>You have well-developed organization skills, with the ability to analyze current processes and procedures and recommend and implement improvements.</li><li>You are able to handle a number of diverse projects and coordinate the activities of others in a performance-oriented culture.</li><li>You demonstrate a high degree of flexibility and adaptability to changing environments and situations with an ability to work with all areas of the company collaboratively to achieve results under tight deadlines.</li><li>You have exceptional computer skills including Microsoft Office and other computer software, including MS Word, Excel, and PowerPoint; ideally, you have knowledge of insurance-related databases, SAS, SQL, Power BI, R, and/or Python.</li></ul>In addition to an exciting job opportunity, we offer the following…<ul><li>You will be exposed to challenging projects and development opportunities to grow your skills and career with both local and global colleagues and partners.</li><li>A comprehensive total rewards financial program which includes extensive flexible benefits and pension.</li><li>A hybrid work environment in an inspiring physical workplace setting.</li><li>Educational Assistance Programs that continue to recognize your ongoing success.</li></ul>

Director & Actuary, Longevity & Structured ReinsuranceCompany: Munich Re, Canada (Life)Location: Toronto, 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. Specifically, 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 the department and pricing team to evaluate and quote on reinsurance opportunities which may include traditional reinsurance, pension risk transfer, in-force 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 feedback loops 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.

Director, Corporate ActuarialCompany: Munich Reinsurance Company of CanadaLocation: Toronto, CanadaWe 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 at Munich Re is much more than just a job. It’s an invitation to be your very best and make a positive impact on the world.OverviewDo you enjoy building relationships and working collaboratively in a team environment with both internal, external, and global stakeholders? Do you possess strong analytical and investigative competencies? As someone with excellent communication skills and business acumen, you will utilize exceptional interpersonal and influencing skills across all levels of the organization.We’re looking for our next Director, Corporate Actuarial. Could It Be You?Reporting to the VP, the director will be responsible for leading, communicating, and streamlining the quarterly nominal and IFRS 17 reserving and forecast analysis for both the primary and/or reinsurance business.Responsibilities include:<ul><li>Leading the quarterly review of actual and forecasted claims and premium liabilities, including setting of assumptions and interpreting the nominal and IFRS 17 results.</li><li>Driving automation and complexity reduction and transitioning towards new ways of collaboration.</li><li>Be a change agent to help business stakeholders understand nominal and IFRS 17 results and present results to senior executives.</li><li>Actively engage with Finance during the quarterly closing processes and support local regulatory financial reporting.</li><li>Support Group financial reporting through quarterly reporting to Central Reserving using Group standard tools.</li><li>Compilation of quarterly reserving management reporting, complete with analysis and communication, including local/group management/board presentations.</li><li>Working closely with a number of teams, including but not limited to Finance, Risk, Claims, Underwriting, other international operations, and Central Reserving in Head Office (Munich) for various financial reporting, modelling, and data assumptions/trends.</li><li>Coordinating auditor and regulatory requests.</li><li>Manage the preparation of the Appointed Actuary Report annually.</li><li>Leveraging analytics to reinforce presentation of results.</li><li>Keeping abreast of the Canadian Property & Casualty industry knowledge and developments.</li><li>Responsible for performance management, mentoring, and developing staff.</li></ul>So are YOU our next Director, Corporate Actuarial? You are if…First and foremost, we’re looking for well-rounded individuals who are professional, have great communication skills, and demonstrate the ability to build strong relationships with both internal and external clients. You’ll be joining an energetic and goal-oriented team that uses a collaborative approach to working within all areas of the company and focuses on achieving the greater objectives of Munich Re.Specifically, we’re looking for the following qualifications:<ul><li>A Bachelors’ Degree in Actuarial Sciences or Equivalent.</li><li>ACAS/ACIA (Associate of Casualty Actuarial Society/Canadian Institute of Actuaries) or equivalent actuarial credential is required.</li><li>FCAS/FCIA (Fellow of Casualty Actuarial Society/Fellowship of the Canadian Institute of Actuaries) or equivalent actuarial credential is desired.</li><li>Minimum of eight (8) years of knowledge and experience in the property & casualty industry.</li><li>Experience with reserving is required.</li><li>Experience with reinsurance and financial reporting & forecasting is preferred.</li><li>Ability to influence and make technical decisions (e.g. modeling decisions, data decisions) with demonstrated sound judgement in actuarial decision making.</li><li>Keen problem-solving skills, strategic thinking, and business acumen.</li><li>Well-developed organizational skills, with the ability to analyze current processes and procedures and recommend and implement improvements.</li><li>Superior attention to detail and accuracy.</li><li>Ability to work independently and in a team environment.</li><li>Ability to work collaboratively across all areas of the company to achieve results under tight deadlines.</li><li>Ability to handle a number of diverse projects and coordinate the activities of others in a performance-oriented culture.</li><li>Advanced software/application knowledge, including MS Word, Excel, and PowerPoint.</li><li>Knowledge in insurance-related databases, SAS, SQL, R, and/or Python is an asset.</li></ul>Please note that direct reports for this role may include Associate Actuary/Actuarial Associate, Analyst, Actuarial, and Co-op resources.In addition to an exciting job opportunity, we offer the following…<ul><li>You will be exposed to challenging projects and development opportunities to grow your skills and career with both local and global colleagues and partners.</li><li>A comprehensive total rewards financial program which includes extensive flexible benefits and pension.</li><li>A hybrid work environment in an inspiring physical workplace setting.</li><li>Educational Assistance Programs that continue to recognize your ongoing success.</li></ul>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.

ActuaryCompany: Munich Reinsurance Company of CanadaLocation: Toronto, CanadaWe 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 at Munich Re is much more than just a job. It’s an invitation to be your very best and make a positive impact on the world.OverviewDo you enjoy building relationships and working collaboratively in a team environment with both internal, external, and global stakeholders? Do you possess strong analytical and investigative competencies? As someone with excellent communication skills and business acumen, you will utilize exceptional interpersonal and influencing skills across all levels of the organization.We’re looking for our next Actuary. Could It Be You?Reporting to the Vice President, Corporate Actuarial, the Actuary will manage development and ongoing maintenance for quarterly reserving and forecast analysis for Munich Reinsurance of Canada (MROC) and Temple Insurance Company (Temple).Need more details? Keep reading. You will…<ul><li>Lead the quarterly review of actual and forecasted claims and premium liabilities, including setting of assumptions and interpreting the financial results.</li><li>Drive automation and complexity reduction and transition towards new ways of collaboration.</li><li>Understand Munich Re Munich (MRM, head office) methodology used to generate cashflows, produce financials, and reserving inputs/assumptions required for MRM IFRS17 modelling.</li><li>Deliver data/assumptions for MRM IFRS17 modelling and testing; analyze results of MRM testing/modelling.</li><li>Provide insights to MRM regarding Canadian specific requirements, including The Office of the Superintendent of Financial Institutions (OSFI) and Canadian Institute of Actuaries requirements.</li><li>Support the continued development of local IFRS17 assessment tool, including sensitivity testing and comparison against MRM outputs.</li><li>Provide data/analysis to respond to regulatory IFRS17 requests, including assisting in preparing and improving the efficiency in Appointed Actuary Report preparation annually.</li><li>Lead regular communications with MRM, including drafting of topics and preparation of discussion material.</li><li>Understand Temple & MROC financial data, working with Actuarial Reserving team to extract/obtain data as required.</li><li>Understand Temple & MROC reinsurance structures and IFRS17 modelling implications, providing input to MRM as required.</li><li>Work closely with other IFRS17 leads in Canada and external IFRS17 actuarial resources.</li><li>Work closely with a number of teams, including but not limited to Finance, Risk, Claims, Underwriting, other international operations, and Central Reserving in Head Office (Munich) for various financial reporting, modelling, and data assumptions/trends.</li><li>Take an active role in development and roll out of local IFRS17 communication material with senior management.</li><li>Keep abreast of global and Canadian Property & Casualty industry knowledge and developments, including any regulatory guidelines.</li><li>Maintain a cooperative working relationship with all MR Canada departments and staff.</li><li>Maintain external working relationships with MRM, external auditors, and government regulators.</li></ul>So are YOU our next Actuary? You are if…<ul><li>You ideally have a Bachelor’s Degree in Actuarial Sciences or equivalent.</li><li>You possess your ACAS/ACIA (Associate of Casualty Actuarial Society/Canadian Institute of Actuaries) designation or an equivalent actuarial credential.</li><li>Ideally, you are working towards your FCAS/FCIA (Fellow of Casualty Actuarial Society/Fellowship of the Canadian Institute of Actuaries) or equivalent actuarial credential.</li><li>You have a minimum of five (5) years of knowledge and experience in the property & casualty industry as well as experience with reserving; experience with reinsurance and financial reporting & forecasting is preferred.</li><li>You possess keen strategic thinking, business acumen, and problem-solving skills.</li><li>You have good communication, organizational, and time management skills with a demonstrated attention to detail and an eye for accuracy.</li><li>You have exceptional ability to make technical decisions (e.g. modeling decisions, data decisions), demonstrating sound judgment in actuarial decision making.</li><li>You have the ability to work on a small team and build strong relationships with your colleagues.</li><li>You possess excellent analytical and abstract reasoning skills.</li><li>You have well-developed organization skills, with the ability to analyze current processes and procedures and recommend and implement improvements.</li><li>You are able to handle a number of diverse projects and coordinate the activities of others in a performance-oriented culture.</li><li>You demonstrate a high degree of flexibility and adaptability to changing environments and situations with an ability to work with all areas of the company collaboratively to achieve results under tight deadlines.</li><li>You have exceptional computer skills including Microsoft Office and other computer software, including MS Word, Excel, and PowerPoint; ideally, you have knowledge of insurance-related databases, SAS, SQL, Power BI, R, and/or Python.</li></ul>In addition to an exciting job opportunity, we offer the following…<ul><li>You will be exposed to challenging projects and development opportunities to grow your skills and career with both local and global colleagues and partners.</li><li>A comprehensive total rewards financial program which includes extensive flexible benefits and pension.</li><li>A hybrid work environment in an inspiring physical workplace setting.</li><li>Educational Assistance Programs that continue to recognize your ongoing success.</li></ul>

DescriptionWe are a unique practice in the Canadian marketplace that focuses on the development of new insurance solutions and optimization of existing insurance solutions for Affinity program sponsors. These programs are targeted at large customer or membership bases of clients whose core business is not always insurance, such as banks, financial institutions, retailers, associations, and hospitality providers.Solutions are positioned to be complementary to the core services or product offerings of these Affinity organizations. We aim to achieve key objectives of customer/member engagement, optimized customer experience, and revenue and business growth. Through our work, we are constantly challenging the market status quo.We are seeking an aspiring actuarial analyst to be integrated into a broader team of Affinity consulting professionals. Foundational elements of client strategy, customer engagement, and operations are complemented by core analytics delivered through the actuarial component of our practice.You will be on the front lines of insurance strategy development, product development/enhancement, and new business development. You will be exposed to a variety of lines of insurance business, clients, and unique solutions supporting an ever-evolving marketplace.As an actuarial analyst in our practice, you will be a key resource in preparing and reconciling data, developing and maintaining key models, and assisting the consulting teams on a range of activities.The ideal candidate can work well in teams to support our consulting mandates and can also work independently with appropriate guidance. This includes assisting more senior colleagues with projects related to key insurance lines of business in the market, including travel insurance, embedded credit card insurance, personal home &amp; auto insurance, and life and health insurance solutions.The successful candidate will be expected to participate in WTW's study program in pursuit of a professional actuarial designation through a recognized actuarial professional association.The Role:<ul><li>Provide actuarial and analytics support on various insurance business lines and programs.</li><li>Participate in consulting mandates by providing support on pricing and loss reserving analysis, analysis of profit-sharing arrangements, financial forecasting and scenario modeling, claims analyses, dashboard reporting, industry benchmarking, and other ad hoc analysis.</li><li>Support to actuarial and non-actuarial consultants on both technical and program strategy issues can include data reconciliation and compilation, production of reports, presentations, summary analyses, and client communications.</li><li>Leverage technical skills to assist with the streamlining of processes, increasing efficiencies, and providing additional perspectives on tackling challenging actuarial and analytical problems.</li><li>Development of analysis to support strategic recommendations related to bidding processes for partner relationships on behalf of our clients.</li><li>Assist with other research and presentation material for new client prospects.</li></ul>QualificationsThe Requirements<ul><li>A University degree in actuarial science, mathematics, or statistics.</li><li>Pursuing a professional designation through the exams of a recognized actuarial professional association.</li><li>Highly organized, resourceful, and excellent attention to detail.</li><li>Strong analytical and critical thinking skills.</li><li>Effective and efficient time management skills; ability to simultaneously manage multiple projects and work independently.</li><li>Strong communication skills, both verbal and written.</li><li>Experience with using the Microsoft suite, particularly with Excel, Word, and PowerPoint.</li><li>Experience with manipulating and summarizing large data sets using R, Python, SQL, or similar programming languages.</li></ul>Other Valuable Candidate Assets<ul><li>Experience with summarizing and illustrating data using dashboard reporting tools like PowerBI.</li><li>Experience with personal insurance programs.</li><li>Fluency in French.</li></ul>Equal Opportunity Employer

Consultant Actuarial, AffinityWe are seeking an aspiring actuary who can consult with our clients by translating complex concepts and actuarial analyses into concise, effective messaging. The ideal candidate will be familiar with and have experience in personal insurance products including travel insurance, embedded credit card insurance, personal home &amp; auto insurance, and life and health insurance solutions.We are a unique practice in the Canadian marketplace that focuses on the development of new insurance solutions and optimization of existing insurance solutions for Affinity program sponsors. These programs are targeted at large customer or membership bases of clients whose core business is not always insurance. Solutions are positioned to be complementary to the core services or product offerings of these Affinity organizations and the associated strategies that they employ to achieve key objectives of customer/member engagement, optimized customer experience, and revenue and business growth. Through our work, we are constantly challenging the market status quo.Our work primarily relates to lines of business where property &amp; casualty pricing and reserving are necessary foundational elements of our analysis. However, experience in life and health insurance offers incremental added value to certain support activities of our practice. You will also be integrated into a broader team of Affinity consulting professionals where foundational elements of client strategy, customer engagement, and operations are complemented by core analytics delivered through the actuarial component of our practice.You will be on the front lines of insurance strategy development, product development/enhancement, new business development, and exposed to a variety of lines of insurance business, clients, and unique solutions supporting an ever-evolving marketplace.The Role<ul><li>Consulting, actuarial and analytics support to clients</li><li>Pricing and loss reserving analysis, analysis of excess surplus or profit-sharing arrangements, financial forecasting and scenario modeling, claims analyses, dashboard reporting, industry benchmarking, and other ad hoc analysis</li><li>Support to senior consulting staff on consulting mandates, including production of reports, presentations, summary analyses, client communications, etc.</li><li>Analysis and recommendations related to client strategy assessments</li><li>Client-facing support on both technical and strategic issues</li><li>Collaborate with non-actuarial subject matter experts, such as product and strategy consultants and research analysts, to support broader insights into client issues alongside core actuarial insights</li><li>Project management and oversight of day-to-day client deliverables</li><li>Identify and implement process and efficiency improvements</li><li>Coach and support the development of junior actuarial resources</li></ul>QualificationsThe Requirements<ul><li>More than 5 years of working experience in the actuarial field, with a preferred focus on property &amp; casualty actuarial consulting</li><li>An Associate or "near-Associate" of a recognized actuarial professional association with a preferred focus on attaining Fellowship through property &amp; casualty actuarial exams</li><li>Problem solving, critical thinking and ability to apply technical assets to solve complex business problems</li><li>Experience with standard actuarial pricing and/or reserving techniques</li><li>Ability to communicate results in layman’s terms, both orally and written</li><li>Applies a high standard of quality control</li><li>Works well in teams and seeks assistance/support as appropriate</li><li>Demonstrates strong listening skills</li><li>Exhibits positive attitude and demonstrates integrity in all interactions</li><li>Strong work ethic, including ability to show initiative, manage multiple priorities, honor timely client commitments and manage time efficiently and effectively</li><li>Skilled in using the Microsoft suite, most particularly with Excel, Word and PowerPoint</li><li>Experience with manipulating and summarizing data using "R" or similar programming languages</li><li>Fluency in French</li><li>Experience with using Power Platform tools such as illustrating information on PowerBI and automating workflows on Power Automate</li><li>Experience with reserving and pricing tools like ResQ, Radar, Emblem</li><li>Past consulting and/or Affinity experience</li></ul>Equal Opportunity Employer

ActuaryCompany: Munich Reinsurance Company of CanadaLocation: Toronto, CanadaWe 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 at Munich Re is much more than just a job. It’s an invitation to be your very best and make a positive impact on the world.OverviewDo you enjoy building relationships and working collaboratively in a team environment with both internal, external, and global stakeholders? Do you possess strong analytical and investigative competencies? As someone with excellent communication skills and business acumen, you will utilize exceptional interpersonal and influencing skills across all levels of the organization.We’re looking for our next Actuary. Could It Be You?Reporting to the Vice President, Corporate Actuarial, the Actuary will manage development and ongoing maintenance for quarterly reserving and forecast analysis for Munich Reinsurance of Canada (MROC) and Temple Insurance Company (Temple).Need more details? Keep reading. You will…<ul><li>Lead the quarterly review of actual and forecasted claims and premium liabilities, including setting of assumptions and interpreting the financial results.</li><li>Drive automation and complexity reduction and transition towards new ways of collaboration.</li><li>Understand Munich Re Munich (MRM, head office) methodology used to generate cashflows, produce financials, and reserving inputs/assumptions required for MRM IFRS17 modelling.</li><li>Deliver data/assumptions for MRM IFRS17 modelling and testing; analyze results of MRM testing/modelling.</li><li>Provide insights to MRM regarding Canadian specific requirements, including The Office of the Superintendent of Financial Institutions (OSFI) and Canadian Institute of Actuaries requirements.</li><li>Support the continued development of local IFRS17 assessment tool, including sensitivity testing and comparison against MRM outputs.</li><li>Provide data/analysis to respond to regulatory IFRS17 requests, including assisting in preparing and improving the efficiency in Appointed Actuary Report preparation annually.</li><li>Lead regular communications with MRM, including drafting of topics and preparation of discussion material.</li><li>Understand Temple & MROC financial data, working with the Actuarial Reserving team to extract/obtain data as required.</li><li>Understand Temple & MROC reinsurance structures and IFRS17 modelling implications, providing input to MRM as required.</li><li>Work closely with other IFRS17 leads in Canada and external IFRS17 actuarial resources.</li><li>Work closely with a number of teams, including but not limited to Finance, Risk, Claims, Underwriting, other international operations, and Central Reserving in Head Office (Munich) for various financial reporting, modelling, and data assumptions/trends.</li><li>Take an active role in development and rollout of local IFRS17 communication material with senior management.</li><li>Keep abreast of global and Canadian Property & Casualty industry knowledge and developments, including any regulatory guidelines.</li><li>Maintain a cooperative working relationship with all MR Canada department and staff.</li><li>Maintain external working relationships with MRM, external auditors, and government regulators.</li></ul>So are YOU our next Actuary? You are if…<ul><li>You ideally have a Bachelor’s Degree in Actuarial Sciences or equivalent.</li><li>You possess your ACAS/ACIA (Associate of Casualty Actuarial Society/Canadian Institute of Actuaries) designation or an equivalent actuarial credential.</li><li>Ideally, you are working towards your FCAS/FCIA (Fellow of Casualty Actuarial Society/Fellowship of the Canadian Institute of Actuaries) or equivalent actuarial credential.</li><li>You have a minimum of five (5) years of knowledge and experience in the property & casualty industry as well as experience with reserving; experience with reinsurance and financial reporting & forecasting is preferred.</li><li>You possess keen strategic thinking, business acumen, and problem-solving skills.</li><li>You have good communication, organizational, and time management skills with a demonstrated attention to detail and an eye for accuracy.</li><li>You have exceptional ability to make technical decisions (e.g., modeling decisions, data decisions), demonstrating sound judgment in actuarial decision making.</li><li>You have the ability to work on a small team and build strong relationships with your colleagues.</li><li>You possess excellent analytical and abstract reasoning skills.</li><li>You have well-developed organization skills, with the ability to analyze current processes and procedures and recommend and implement improvements.</li><li>You are able to handle a number of diverse projects and coordinate the activities of others in a performance-oriented culture.</li><li>You demonstrate a high degree of flexibility and adaptability to changing environments and situations with an ability to work with all areas of the company collaboratively to achieve results under tight deadlines.</li><li>You have exceptional computer skills including Microsoft Office and other computer software, including MS Word, Excel, and PowerPoint; ideally, you have knowledge of insurance-related databases, SAS, SQL, Power BI, R, and/or Python.</li></ul>In addition to an exciting job opportunity, we offer the following…<ul><li>You will be exposed to challenging projects and development opportunities to grow your skills and career with both local and global colleagues and partners.</li><li>A comprehensive total rewards financial program which includes extensive flexible benefits and pension.</li><li>A hybrid work environment in an inspiring physical workplace setting.</li><li>Educational Assistance Programs that continue to recognize your ongoing success.</li></ul>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.

The BusinessCreate your future.Join our Retirement consulting team in providing expertise in retirement and investment consulting to support global organizations in designing, managing, administering, and communicating various retirement plans. Whether a client has a defined benefit pension or a defined contribution plan, we work with them to determine the right approach to designing, funding, investing, governing and employee management that fits their specific goals.Explore an opportunity.Gain direct exposure to real client assignments which will draw on your imagination and creativity as well as your ability to analyze data, draw conclusions, and share your brilliant results. In this role, you’ll experience a balance of expanding your technical knowledge and industry expertise, while benefiting from working in a close-knit and supportive team environment.Accepted applicants will be eligible for a comprehensive exam study program, including paid study hours and exam coaching to assist in attaining the accredited designation of Actuary.Love your work.<ul><li>Designing, funding, pricing, and the implementation and management of retirement programs</li><li>Competitive benchmarking analysis of benefit plan designs</li><li>Corporate restructuring and capital enhancement initiatives (demutualization, securitization, mergers & acquisitions)</li><li>Working with a wide range of associates at all levels within the local practice</li><li>Performing asset/liability modelling</li><li>Perform annual pension (qualified and nonqualified) and post-retirement medical valuations for a variety of clients. This entails manipulating data, analyzing data, determining plan liabilities, reconciling plan assets, and determining funding requirements</li><li>Assist with completion of plan reporting and filing requirements</li><li>Perform plan administrative tasks such as completing benefit calculations, reviewing plan documents and SPDs, and producing benefit statements</li></ul>About you.<ul><li>Bachelors or Master’s degree in actuarial science, mathematics, statistics, finance or any other major with significant quantitative course work with a minimum overall GPA of 3.0</li><li>Successful completion of one or more actuarial exams highly preferred</li><li>Work experience that demonstrates strong technical and/or client service skills</li><li>Passion for solving problems and sharing solutions to exceed the standards of the client</li><li>Ability to be a self-starter and work independently, but also cooperatively in a close team environment</li><li>Excellent oral and written communication skills</li><li>Accepting applications from candidates that graduate with a Bachelor’s or Master’s degree between May 2023 through December 2024</li></ul>

OverviewAt KPMG, you'll join a team of diverse and dedicated problem solvers, connected by a common cause: turning insight into opportunity for clients and communities around the world. As an experienced actuarial professional and Senior Manager, you will be part of the Risk Consulting actuarial management team, collaborating across KPMG to drive growth and profitability through strategic business development initiatives and client delivery.This role involves high visibility in the market and with clients. The successful candidate is expected to promote existing service offerings, help develop new offerings and look for opportunities to assist our clients with their actuarial and insurance business challenges.What you will do<ul><li>Lead teams in providing unparalleled client service delivery, leveraging your extensive actuarial and insurance knowledge.</li><li>Play a pivotal role in increasing KPMG's actuarial visibility in the insurance sector through active participation and speaking opportunities at industry events.</li><li>Collaborate across KPMG to drive growth and lead/support go-to-market initiatives.</li><li>Regularly meet with new and existing clients, to share industry insights and gain understanding of clients' business challenges.</li><li>Provide ongoing support and mentoring for the professional development of our people.</li><li>Key participant in actuarial team's strategic and business planning.</li><li>Lead or assist in a variety of areas. These include, but are not limited to:<ul><li>Navigating changes in insurance regulations,</li><li>model risk management,</li><li>actuarial and finance transformation,</li><li>providing specialist actuarial support during audits,</li><li>performing actuarial regulatory mandates such as Appointed Actuary, Independent Actuary and Peer Review work,</li><li>exploring exciting and emerging fields, such as, ESG and Artificial Intelligence.</li></ul></li></ul>What you bring to the role<ul><li>12+ years of experience in a life actuarial role, with deep knowledge of the Canadian life insurance landscape and regulatory environment.</li><li>Fully qualified actuary with FCIA designation.</li><li>Highly self-motivated team player, with an entrepreneurial spirit and a passion for business development.</li><li>Excellent client service skills, providing high quality deliverables and leading and managing a team to address our clients' needs and challenges.</li><li>Excellent people management skills, supporting our team with their professional growth and providing new opportunities for development.</li><li>Effective presentation and communication (written and verbal) skills.</li><li>Knowledge of Moody's AXIS&trade; actuarial system.</li></ul>If you are looking for a challenging leadership position in an exciting and dynamic environment, we offer you a unique opportunity within KPMG, a highly engaging culture and a growing team of exceptional professionals.If you have a question about accessible employment at KPMG, or to begin a confidential conversation about your individual accessibility or accommodation needs through the recruitment process, we encourage you to visit our accessibility page.

Job SummaryThis position is a key role within the Canadian L&amp;H Reserving team. The successful candidate is expected to be an AXIS expert who will own the AXIS valuation model for Canada and lead all development work related to the model.This position includes leading modelling projects, whether structural and efficiency/automation oriented, or related to different strategic initiatives. The latter may include (but not limited to) contributing to business performance analytics by running stress testing, supporting different needs of local and group stakeholders, and collaborating with Operations on the implementation of the new hElios administration platform for the purpose of the AXIS valuation model data.In particular, this role involves the coordination and review of data extracts, complex treaty AXIS modeling, and model refinements aligned with best practices, while liaising with other key stakeholders including Pricing &amp; Business Development, Operations, and other Group functions.Required characteristics include proven strong AXIS knowledge and expertise, actuarial background, including (but not limited to) knowledge of experience / assumptions analysis, valuation of insurance contract liabilities and financial reporting.The successful candidate will be innovative and pro-active in identifying, designing and rolling out transformational improvements to the Canadian reserving process. In particular, this role will work to identify new tools and technologies which can be implemented to transform SCOR Canada’s modelling and analytical capabilities.Also, the successful candidate would be able to clearly communicate results and implications to key stakeholders while possessing an innovative mindset to resolve complex actuarial issues and drive efficiencies to the overall reserving process.ResponsibilitiesKey duties and responsibilities<ul><li>Lead AXIS valuation model development:</li><li>Model maintenance</li><li>Planning of model changes (based on annual cycle)</li><li>Implementation of model updates/refinements in development environment and in production environment</li><li>Implementation of assumption updates in production environment</li><li>Update of quarterly data extract</li><li>Supporting of migration to new treaty administration system (hElios)</li><li>Release management, testing, regression of model changes</li><li>New business onboarding</li><li>Documentation</li><li>Governance</li><li>Support modelling and testing for other local and group teams (assumptions, strategic topics)</li><li>Support local and group financial reporting processes (IFRS17, SII)</li><li>Support modelling related to capital management (stress testing, FCT, ORSA)</li><li>Manage AXIS Project to optimise model and clear backlog</li><li>Collaborate with SCOR’s Data and Tech community to support process and model optimisation and to identify and implement automation solutions</li></ul>QualificationsRequired experience &amp; competencies<ul><li>Qualified actuary (FSA/FCIA designation with at least 7+ years of relevant working experience within insurance/reinsurance industry)</li><li>Strong expertise in AXIS modelling</li><li>Knowledge of Python and database applications (SQL Server, PowerBI, etc.) an asset</li><li>Sound knowledge of actuarial and financial reporting and experience analytics considered desirable work experience</li><li>Demonstrated forward-thinking and innovative approach to analyze problems, relate them to the big picture, and recommend well thought-out solutions</li><li>Well-organized and a self-directed individual who is a team player</li><li>Demonstrated ability to handle priorities / projects concurrently and be deadline driven</li><li>Demonstrated innovation and creativity in proposing new ways of working</li><li>Flourishes working as part of a busy team in a fast-paced environment</li><li>Excellent verbal &amp; written communication skills; proven success communicating effectively across different levels within an organization. French language proficiency while not a pre-requisite, will be considered an asset</li></ul>Required EducationBachelor’s Degree in Actuarial Science or related field with demonstrated record of academic excellenceAbout usSCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

The BusinessJoin our Retirement consulting team in providing expertise in retirement and investment consulting to support global organizations in designing, managing, administering, and communicating various retirement plans. Whether a client has a defined benefit pension or a defined contribution plan, we work with them to determine the right approach to designing, funding, investing, governing and employee management that fits their specific goals.Gain direct exposure to real client assignments which will draw on your imagination and creativity as well as your ability to analyze data, draw conclusions, and share your brilliant results. In this role, you’ll experience a balance of expanding your technical knowledge and industry expertise, while benefiting from working in a close-knit and supportive team environment.Accepted applicants will be eligible for a comprehensive exam study program, including paid study hours and exam coaching to assist in attaining the accredited designation of Actuary.You will partner with consultants to provide actuarial support on projects through:<ul><li>Designing, funding, pricing, and the implementation and management of retirement programs</li><li>Competitive benchmarking analysis of benefit plan designs</li><li>Corporate restructuring and capital enhancement initiatives (demutualization, securitization, mergers &amp; acquisitions)</li><li>Working with a wide range of associates at all levels within the local practice</li><li>Performing asset/liability modelling</li><li>Perform annual pension (qualified and nonqualified) and post-retirement medical valuations for a variety of clients.</li><li>This entails manipulating data, analyzing data, determining plan liabilities, reconciling plan assets, and determining funding requirements</li><li>Assist with completion of plan reporting and filing requirements</li><li>Perform plan administrative tasks such as completing benefit calculations, reviewing plan documents and SPDs, and producing benefit statements</li></ul>About you.<ul><li>Bachelors or Master’s degree in actuarial science, mathematics, statistics, finance or any other major with significant quantitative course work with a minimum overall GPA of 3.0</li><li>Successful completion of one or more actuarial exams highly preferred</li><li>Work experience that demonstrates strong technical and/or client service skills</li><li>Passion for solving problems and sharing solutions to exceed the standards of the client</li><li>Ability to be a self-starter and work independently, but also cooperatively in a close team environment</li><li>Excellent oral and written communication skills</li><li>Accepting applications from candidates that graduate with a Bachelor’s or Master’s degree between May 2023 through August 2024</li></ul>

Investment Actuary Jobs and Actuarial Careers in the Investment Sector