Actuarial Analyst

Munich Re; Toronto; Hybrid; CAD 70,000 - 90,000; Full time

Job summary

A leading insurance firm in Toronto is seeking an Actuarial Associate to provide pricing services to the underwriting team. This role involves collaborating with internal stakeholders and developing expertise in pricing tools. Candidates should possess a Bachelor's degree in Actuarial Sciences and have a minimum of 2 years of experience in the P&C industry. The position offers a hybrid work environment, professional development opportunities, and a comprehensive rewards program.

Benefits

Flexible benefits

Pension program

Educational assistance

Qualifications

• Minimum of 2 years of experience as actuarial analyst in the P&C industry.
• Experience in commercial ratemaking is an asset.
• Minimum of 3 actuarial exams required.

Responsibilities

• Work closely with underwriting team in pricing reinsurance treaties.
• Provide technical assistance in pricing facultative reinsurance.
• Develop pricing tools and maintain them.

Skills

Statistical knowledge

Excellent analytical skills

Written communication

Teamwork

Education

Bachelors' Degree in Actuarial Sciences

Tools

Statistical software

Microsoft Office

Job description

Company
Munich Reinsurance Company of Canada
Location
Toronto, Canada

Actuarial Associate

We care for humankind – and that starts with our people
Our greatest strength lies not in what we do – but how we do it. It’s the unique individual behind every piece of work who matters the most. Our people make Munich Re a global success. Working at Munich Re gives us access to the depth, breadth, and mindset we want in order to develop our full potential. That’s why a career 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.

Overview

Are you someone with strong leadership capabilities? Do you enjoy building relationships and working collaboratively in a team environment with both internal, external and global stakeholders? Reporting to the Director of Underwriter Pricing, the Actuarial Analyst is responsible for providing pricing services to the underwriting team.

Your job

Primary Responsibilities:

• Work closely with underwriting team in pricing reinsurance treaties across all lines of business.
• Provide technical assistance to price facultative reinsurance and primary insurance (large casualty pricing).
• Develop expertise on Company pricing tools and maintain tools as required.
• Assist in developing Managing General Agent (MGA)'s monitoring report.
• Monitor MGA's results through experience and pricing analysis.
• Support underwriting team with technical pricing tools.
• Assist in producing data for risk capital model, retrocession, earthquake accumulation and financial planning.
• Opportunities to work on both primary and reinsurance business.
• Special projects as assigned.

Your profile

Required Education/Experience

• A Bachelors' Degree in Actuarial Sciences or equivalent.
• Minimum of 2 years of experience as actuarial analyst in the P&C industry in ratemaking.
• Experience in commercial ratemaking is an asset.
• Minimum of 3 actuarial exams.

Specialized Knowledge and Skills

• Good statistical knowledge. The ability to use statistical software is an asset.
• Excellent computer skills, including experience with spreadsheet and database applications.
• Excellent analytical, negotiating and investigative competencies.
• Excellent oral and written communication skills.
• Strong computer ability and working knowledge of Microsoft Office.
• Self-motivated, organized with strong commitment to meeting deadlines and superior attention to detail.
• Ability to work independently and in a team environment.
• Business and general insurance acumen.
• Adaptability and flexibility.
• Ability to travel (as required)

What we offer

• Exposure to challenging projects and development opportunities to grow your skills and career with both local and global colleagues and partners are available.
• A comprehensive total rewards financial program which includes extensive flexible benefits and pension.
• A hybrid work environment in an inspiring physical workplace setting.
• Educational Assistance Programs that continue to recognize your on-going success.

Click on the link to apply…
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. If you receive a request for an interview and you have a disability which will require an accommodation to support your participation, please contact [e-mail] as soon as practical so that suitable accommodations can be arranged.