Actuarial Associate, Individual Reinsurance Solutions

Munich Re; Ontario; Hybrid; CAD 60,000 - 80,000; Full time

Job summary

A leading reinsurance company seeks an Actuarial Associate to join their Individual Reinsurance Solutions team. The role involves supporting the pricing and modeling of reinsurance solutions, collaborating with various teams, and developing actuarial models. Ideal candidates will possess a relevant degree and exhibit strong analytical skills in a hybrid work environment.

Benefits

Collaborative environment with continuous learning opportunities

Competitive compensation including annual bonuses

Comprehensive health and dental benefits from day one

Immediate enrollment in DC Pension Plan with employer contributions

Generous leave policies including vacation, personal days, and statutory holidays

Access to professional development resources like LinkedIn Learning

Qualifications

• Entry-level or new graduates are welcome.
• Progressing towards ASA, ACIA, FSA, or FCIA certification is required.
• Ability to work effectively under tight deadlines.

Responsibilities

• Support pricing, analysis, and modeling of reinsurance solutions for Life and Critical Illness.
• Build models in AXIS for product pricing and profitability.
• Analyze profitability against past quotes.

Skills

Analytical skills

Problem-solving skills

Organizational skills

Communication skills

Education

University Degree in Actuarial Science, Finance, Statistics, or Mathematics

Tools

Excel

SQL

GGY AXIS

PowerPoint

Word

Access

Job description

Actuarial Associate, Individual Reinsurance Solutions

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• Member of the Individual Reinsurance Pricing team, supporting the pricing, analysis, and modeling of reinsurance solutions for the Life and Critical Illness lines of business.
• Collaborates closely with peers, actuaries, and key individuals from the Toronto and Montreal offices.
• Assists in developing assumptions and building actuarial models for Individual Life or Critical Illness business, ensuring timely delivery of quality quotes.
• Supports the delivery of work requirements to senior actuarial members and internal clients, managing expectations and ensuring proper documentation.

Company
Munich Re, Canada (Life)

Location
Toronto, Canada

Position Overview

• Supports the pricing, analysis, and modeling of reinsurance solutions for Life and Critical Illness lines.
• Works with peers, actuaries, and key stakeholders from Toronto and Montreal offices.
• Helps develop assumptions and build actuarial models to enable timely and accurate quotes.
• Assists in analyzing data and updating models to report on portfolio profitability.

Your Role:

• Build models in AXIS to price products and determine profitability.
• Analyze profitability against past quotes and targets.
• Develop actuarial assumptions for pricing purposes.
• Collect and analyze data to support assumption development.
• Maintain and update pricing models and report on results.
• Contribute to improving pricing methodologies and tools.
• Participate in ad-hoc projects and support facultative quote pricing.

Your Profile:

• University Degree in Actuarial Science, Finance, Statistics, or Mathematics.
• Progressing towards ASA, ACIA, FSA, or FCIA certification.
• Entry-level, open to new graduates or professionals with 0-2 years of experience.
• Strong analytical, organizational, and problem-solving skills.
• Ability to work effectively under tight deadlines.
• Excellent communication skills in verbal and written form.
• Proficiency in Excel, Word, Access, PowerPoint, and SQL preferred.
• Experience with GGY AXIS and Datalink is an asset.

About Munich Re
We engage fully to help humankind act bravely and better. As a global leader in reinsurance, we turn uncertainty into manageable risk, fostering innovation and diversity. We invest in our talent and promote a culture of inclusion, professional growth, and high performance.

What We Offer:

• Collaborative environment with continuous learning opportunities.
• Hybrid work model with in-office and remote days, meeting-free lunch hours, and Focus Fridays.
• Competitive compensation including annual bonuses.
• Comprehensive health and dental benefits from day one.
• Flexible spending accounts for health and wellness.
• Immediate enrollment in DC Pension Plan with employer contributions and optional matching.
• Generous leave policies including vacation, personal days, and statutory holidays.
• Access to professional development resources like LinkedIn Learning and tuition reimbursement.
• Maternity, parental, and adoption leave top-up programs.
• Employee referral, recognition, and rewards programs.

Note: Only shortlisted candidates will be contacted. Munich Re is committed to an inclusive and accessible hiring process and accommodations will be provided for applicants with disabilities upon request.