Actuarial Associate

PartnerRe Ltd.; Toronto; On-site; CAD 92,610 - 113,190; Full time

Benefits offered by this job

Medical, dental & vision coverage

Health spending account

Defined contribution pension plan

Life insurance

Short- and long-term disability

Job summary

PartnerRe Ltd. in Toronto invites applications for an Actuarial Associate within the Corporate Actuarial Reporting team. The role reports to the Manager and focuses on Solvency II and Bermuda Monetary Authority reporting for North America Life lines of business.

The ideal candidate has at least one year of actuarial experience, a bachelor's degree, and three actuarial exams. Proficiency in AXIS and Excel is preferred, with strong analytical and communication skills essential.

Qualifications

• At least one year of actuarial work experience.
• Bachelor’s Degree and three actuarial exams completed.
• Experience modeling in AXIS and capital reporting preferred.
• Strong Excel and SQL skills; good communication and teamwork.

Responsibilities

• Carry out quarterly SII and BMA valuation for North America Life lines of business.
• Derive Best Estimate Reserves and Required Capital for life, longevity, critical illness, disability and short-term products.
• Conduct Reserve and Required Capital Movement Analysis.
• Maintenance and updating of AXIS models for new and existing treaties across multiple legal entities and retrocession treaties for capital reporting.
• Investigate and implement process improvements and enhancements.
• Coordinate with risk, finance, auditors as required.

Skills

AXIS modeling

Capital reporting

Microsoft Excel

SQL

Reinsurance industry

Communication

Team collaboration

Accountability

Education

Bachelor's Degree

Actuarial exams (3)

Tools

AXIS

Job description

PartnerRe is a leading, privately owned, multi-line global reinsurer with a reputation of financial stability and strength, and a commitment to rebuilding businesses and communities after risk events around the world.

Our mission is to continue to be a financially stable and predictable business partner, supporting our clients with solutions tailored to their needs, delivering superior returns to our owner, providing rewarding opportunities for our people and making a positive contribution to society. To achieve this, we live by our values of Integrity, Performance, Collaboration, Straightforward Communication and Respect and Care.

Core to The PartnerRe Experience is our global nature. No matter where you sit in the company, you are part of something bigger. Our teams represent our truly international mindset, forging connections across office locations and all levels of the organization and building a network of mutual success. The result is a day-to-day experience that will allow you to:

We are always looking for bright, proactive individuals to join our team!

PartnerRe is an equal opportunities employer.

Compensation and Benefits

The expected base salary range for this position, when hired into our Toronto location, is CAD $92,610 - $113,190 per year. For positions based in other jurisdictions, compensation will be determined in alignment with local regulations, market benchmarks, and internal compensation frameworks. The above range reflects the typical base salary range for candidates hired into this position. The actual salary will vary depending on a number of factors, including job location, experience, qualifications, education/training, skills, market conditions, and alignment with the role’s requirements.

In addition to base salary, eligible employees may participate in our annual incentive program, payment under which is at the discretion of PartnerRe and subject to individual and company performance.

• medical, dental and vision coverage
• a health spending account
• a defined contribution pension plan
• life insurance
• short- and long-term disability coverage, etc.

Working Arrangement

PartnerRe operates with a hybrid work approach that balances in‑office collaboration with the flexibility of remote work. Our employees are required to be in the office 3 days a week. Our goal is to create an environment where employees can connect, innovate, and perform at their best.

This position is not for a existing vacancy within our organization.

PartnerRe is committed to an inclusive, accessible recruitment experience. Reasonable accommodations for candidates with disabilities are available upon request throughout the hiring process.

About the Job

We have an opening for an Actuarial Associate in the Corporate Actuarial Reporting team in the Toronto office reporting to the Manager, Corporate Actuarial responsible for Solvency II and Bermuda Monetary Authority (BMA) reporting.

• Carry out quarterly SII and BMA valuation for North America Life lines of business
• Derive Best Estimate Reserves and Required Capital for life, longevity, critical illness, disability and short-term products
• Conduct Reserve and Required Capital Movement Analysis
• Maintenance and updating of AXIS models for new and existing treaties across multiple legal entities and affiliated party retrocession treaties for capital reporting purpose
• Investigate and implement process improvements and enhancements
• Coordinate with risk, finance, auditors as required

About You

• Experience modeling in AXIS is preferred
• Experience in capital reporting is preferred
• Proficiency in Microsoft Office Suite and Excel
• SQL programming skill is preferred
• Experience working in the reinsurance industry is preferred
• Ability to maintain effective control environment
• Ability to communicate with peers and staff
• Ability to work effectively in a team environment
• High degree of accountability
• Ability to handle multiple assignments communicating prioritizations to required levels
• Highest degree of professional ethics
• Strong interpersonal skills & effective communicator (written and oral)
• At least one year of actuarial work experience
• Bachelor’s Degree
• At least three actuarial exams

Additional Information

#LI-Hybrid:

PartnerRe provides a working environment in which diversity is valued, where all employees feel welcome, respected, and empowered to perform at their best. We invite you to learn more about D&I at PartnerRe.