Actuarial Associate, Risk Management - 12 Month Contract

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

Job summary

Join Munich Re as an Actuarial Associate in Risk Management, where you'll enhance ongoing monitoring of the enterprise risk framework. Ideal candidates possess a Bachelor's degree in Actuarial Sciences, along with strong analytical skills and the ability to collaborate effectively within teams. This 12-month contract role offers opportunities for professional growth within a hybrid work environment.

Benefits

Development opportunities with local and global colleagues

Hybrid work environment

Qualifications

• Minimum of three years of experience in the property & casualty industry.
• Knowledge of financial forecasting and IFRS 17 preferred.
• Ability to make technical modeling decisions.

Responsibilities

• Assist in the preparation of quarterly Risk Reports and support FCT analyses.
• Drive automation and complexity reduction in risk management processes.
• Maintain cooperative relationships with various departments and external stakeholders.

Skills

Analytical skills

Communication

Interpersonal skills

Problem-solving

Attention to detail

Business acumen

Education

Bachelor’s Degree in Actuarial Sciences or Equivalent

ACAS / ACIA

Tools

MS Word

Excel

Power BI

SQL

Python

SAS

Job description

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

Do 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, Risk Management. Could It Be You?

Under the direction of Assistant Vice President, Risk Management, the Actuarial Associate will support and enhance the efficiency of the ongoing monitoring of the enterprise risk framework for Munich Re Canada (Non-life), including quarterly risk reporting, the Financial Condition Testing (FCT) analyses, as well as the Own Risk Solvency Assessment (ORSA), ORCS, and retrocession processes for both primary and reinsurance business.

• Assist in the preparation of quarterly Risk Reports including an overview of the solvency position under Solvency II and the local MCT capital requirements.
• Support the FCT analyses, including the selection of appropriate scenarios.
• Support all work on ORSA, Internal Target analysis, and Key Metrics Report.
• Support the retrocession / reinsurance renewal process, coordinating the inputs with other departments in the organization.
• Assist with other risk management work including capital planning, earthquake return, reinsurance risk management policy, and non-financial risk support (e.g. operational risk and controls, business continuity risk). Assist in preparing and enhancing Quarterly Board of Directors material as well as the preparation of FCT and ORSA Reports annually.
• Drive automation and complexity reduction and transition to streamlined processes to improve efficiencies and reporting.
• Develop a comprehensive understanding of financial data and IFRS 17 financial statements, working in tandem with the Finance department to gather and analyze capital planning inputs.
• Provide support for climate-related risk management initiatives and regulatory financial disclosures, in addition to meeting other regulatory requirements, including reviewing guidelines for compliance, engaging with discussion papers and questionnaires, and completing filings such as FCT, KMR, and EQ reports.
• Keep abreast of Canadian and International Property and Casualty industry knowledge and developments.
• Maintain a cooperative working relationship with all MR Canada departments and staff as well as external stakeholders such as MRM Risk Management (IRM), external auditors, and government regulators.

So are YOU our next Actuarial Associate, Risk Management? 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 :

• A Bachelor’s Degree in Actuarial Sciences or Equivalent.
• ACAS / ACIA (Associate of Casualty Actuarial Society / Canadian Institute of Actuaries) or equivalent actuarial credential is required.
• FCAS / FCIA (Fellow of Casualty Actuarial Society / Fellowship of the Canadian Institute of Actuaries) or equivalent actuarial credential is desired.
• Minimum of three (3) years of knowledge and experience in the property & casualty industry; Experience with financial forecasting, IFRS 17, and reserving is preferred.
• Superior attention to detail and accuracy.
• Excellent analytical and abstract reasoning skills.
• Strong communication and interpersonal skills.
• Keen strategic thinking, business acumen, and problem-solving skills.
• Ability to make technical decisions (e.g. modeling decisions, data decisions). Demonstrates sound judgment in actuarial / risk decision making.
• Well-developed organization skills, with the ability to analyze current processes and procedures and recommend and implement improvements.
• Ability to work independently and in a team environment.
• Ability to work with all areas of the company collaboratively to achieve results under tight deadlines.
• Ability to handle a number of diverse projects and coordinate the activities of others in a performance-oriented culture.
• Advanced Software / application knowledge including MS Word, Excel, Visual Basic, and PowerPoint.
• Knowledge in insurance-related databases, SAS, SQL, R, and / or Python is an asset.
• Knowledge of FCT, Power BI, and Risk Explorer are strongly desired.

Please note that this role is a 12-month contract opportunity with no guarantee, either expressed or implied, of full-time conversion.

In addition to an exciting job opportunity, we offer the following…

• You will be exposed to challenging projects and development opportunities to grow your skills and career with both local and global colleagues and partners.
• A hybrid work environment in an inspiring physical workplace setting.

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 [emailprotected] as soon as practical so that suitable accommodations can be arranged.

J-18808-Ljbffr

Create a job alert for this search