Data Engineer - Life & Health Reinsurance

Munich Re; Toronto; On-site; CAD 168,625 - 195,250; Full time

Benefits offered by this job

Annual company bonus

Market-leading health and dental benefits

Generous time off

Continuous learning resources

Employee Referral Program

Job summary

Munich Re in Toronto is seeking an Actuarial professional to join the Corporate Actuarial team. Responsibilities include preparing IFRS reserves, communicating valuation results, and collaborating with other actuarial teams. Candidates should have a degree in Actuarial Science or related field, possess an FSA/FCIA qualification, and have experience in the Life and Health insurance sector. This position offers a hybrid work environment, competitive compensation including bonuses, and a focus on continuous learning and development.

Qualifications

• Prior experience in the Life and Health insurance/reinsurance industry.
• Strong analytical and financial modeling skills, with the ability to manage complex calculations.
• Demonstrated ability to adapt in a dynamic environment.

Responsibilities

• Lead and coordinate the preparation of IFRS reserves and OSFI regulatory exhibits.
• Support development of materials for senior management, ensuring accuracy.
• Communicate and present valuation results to internal stakeholders.

Skills

Analytical skills

Communication skills

Financial modeling

Problem-solving

Education

University degree in Actuarial Science, Finance, Statistics or Mathematics

FSA/FCIA qualification

Tools

Excel

AXIS

SQL

Job description

Position Overview

Join Munich Re’s Corporate Actuarial team to accelerate your actuarial career through mastery of reinsurance valuation and reporting methods. You will develop and use leading‑edge models designed for analysis and reporting for the Life & Health Reinsurance business in Canada and the US. You will regularly work with other actuarial teams such as Pricing, Accounting, Biometric Research and ERM, while deepening your expertise and exposure to LICAT, IFRS 17, and various assignments and projects.

We are looking for a candidate who demonstrates a consistent need for achievement, a strong work ethic, and a drive to make a difference. You are an excellent communicator who thrives in a high‑performing, client‑focused environment and has the ability to learn quickly, synthesize and implement solutions, and explain technically challenging concepts to other actuarial teams and senior management.

Your Role

Under the direction of the Director, Corporate Actuarial, the successful candidate will assist in the production of financial information related to valuation, solvency and planning, which may include but is not limited to the following:

• Lead and coordinate the preparation and review of IFRS reserves, OSFI regulatory exhibits and LIMAT returns with a high level of accuracy and analytical depth.
• Support the development and review of materials for senior management by ensuring accuracy of financial figures and clarity in the explanation of results and key drivers.
• Communicate and present valuation results and key considerations to internal stakeholders, with potential exposure to senior management teams under the CFO.
• Oversee and contribute to the maintenance and enhancement of financial reporting systems and processes to accommodate new treaties, regulatory changes, and efficiency improvements.
• Manage and review analyses supporting LIMAT reporting, Financial Condition Testing (FCT), business planning, Solvency II reporting, and Value of New Business (VNB) assessments.
• Work with Enterprise Risk Management (ERM) to ensure alignment and support across business functions.
• Support the model and assumption change process, which includes monitoring biometric assumption experience and proposing changes in the valuation assumptions as needed.
• Ensure a clear understanding of corporate and departmental objectives while providing guidance, training and mentorship to junior employees.
• Collaborate with cross‑functional teams such as Pricing, Accounting, Reinsurance Operations and Biometric Research.

Your Profile

• University degree in Actuarial Science, Finance, Statistics or Mathematics.
• FSA/FCIA qualification.
• Prior experience in the Life and Health insurance/reinsurance industry.
• Advanced proficiency in Excel and other Microsoft Office applications.
• Experience with AXIS and Datalink; SQL.
• Strong analytical and financial modeling skills, with the ability to manage complex calculations.
• Superior attention to detail and accuracy.
• Strong problem‑solving and organization skills.
• Excellent communication skills as demonstrated in general conversation, clear and complete responses to internal and external clients, formal presentations and written documents.
• Ability to establish and maintain good working relationships with other departments.
• Demonstrated flexibility and effectiveness working under tight timelines.
• Demonstrated ability to adapt in a dynamic environment.

Benefits

• Engaging and collaborative environment that promotes continuous learning and development.
• Hybrid work environment that combines weekly in‑office and remote days.
• Great compensation package, including annual company bonus.
• Market‑leading company‑paid flexible health and dental benefits, starting on your first day.
• Flexible dollars provided to put towards a Health Spending Account and/or Wellness Spending Account.
• Immediate participation in DC Pension Plan with automatic employer contribution and optional company match.
• Generous time off, including vacation, personal days, unplanned time, statutory holidays and company‑wide early closure half‑days.
• Learning and development programs and resources, including unlimited access to LinkedIn Learning, Education Assistance Program and reimbursement for professional fees.
• Maternity, Parental & Adoption Leave top‑up program.
• Employee Referral Program, Recognition & Rewards Platform.

Our base salary range for this role is between $168,625 and $195,250 per year, plus an opportunity for an annual company bonus based upon a percentage of eligible pay.

This role is located in our Toronto office on 390 Bay St, and we operate in a hybrid work model. This job posting is for an existing vacancy.

We do not use AI in our recruitment process – applications are reviewed by our team to ensure a fair and personalized experience.

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.