Manager & Actuary - Global Actuarial Consulting Group

Munich Re; Toronto; Hybrid; CAD 140,000 - 186,000; Full time

Benefits offered by this job

Flexible health and dental benefits

Hybrid work environment

Annual company bonus

Generous time off policy

Job summary

Munich Re is seeking an experienced actuary to join our Global Actuarial Consulting Group in Toronto. In this leadership role, you'll manage complex actuarial projects across multiple markets including Canada and the U.S., contributing to pricing and risk management strategies.

Candidates should have a degree in Actuarial Science, FSA/FCIA designation, and at least 5 years of experience in life or health insurance. We offer a hybrid work model, top-tier benefits, and competitive salary ranging from $140,000 to $186,000 per year.

Qualifications

• 5+ years of actuarial experience in life and/or health insurance.
• Demonstrates a clear leadership mindset and anticipates stakeholder needs.
• Builds strong, trust-based relationships across teams.

Responsibilities

• Lead projects from planning through delivery.
• Develop and enhance actuarial models for reinsurance solutions.
• Support pricing analysis for new reinsurance opportunities.

Skills

Strong analytical and problem-solving skills

Leadership mindset

Clear and confident communication skills

Experience with actuarial or analytical tools

Education

University degree in Actuarial Science, Mathematics or related field

FSA/FCIA designation

Tools

AXIS

SQL

Python

Job description

Position Overview

Join Munich Re’s Global Actuarial Consulting Group (GACG) and work at the center of complex, high‑impact actuarial work that supports our global life and health reinsurance business. GACG acts as an internal consulting group, partnering with teams across regions to solve some of the most interesting actuarial, financial, and strategic challenges in the organization.

This role offers breadth, visibility, and growth. You’ll work across markets such as Canada, the U.S., the U.K., and Germany, gain exposure to senior stakeholders, and contribute to projects that influence pricing, risk management, and financial outcomes at a global level.

Your Role

• Lead projects and workstreams, from planning through delivery.
• Develop and enhance actuarial and financial models for life and health reinsurance solutions across different regions.
• Support pricing analysis for new and existing reinsurance opportunities.
• Perform experience studies and help set actuarial assumptions.
• Conduct valuation and financial reporting under multiple accounting and regulatory bases.
• Analyze and visualize data to clearly communicate insights to actuarial and non‑actuarial stakeholders.
• Support risk analysis, stress testing, and sensitivity analysis of financial results.
• Contribute to industry research, surveys, and publications.
• Assist global teams through ad‑hoc projects and occasional short‑term secondments.
• Present findings and recommendations to internal clients and Munich Re leadership.
• Provide guidance, manage workload and review the work of junior members of the team.
• Grow into a people manager, providing feedback and having development conversations with junior members of the team.

Your Profile

• University degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field.
• FSA/FCIA designation, held for at least one year.
• 5+ years of actuarial experience in life and/or health insurance or reinsurance.
• Demonstrates a clear leadership mindset by taking ownership of outcomes, anticipating stakeholder needs, and guiding discussions toward practical solutions.
• Strong analytical and problem‑solving skills, with the ability to manage multiple priorities.
• A connector who builds strong, trust‑based relationships across teams and stakeholders, enabling smooth collaboration even in complex, cross‑functional settings.
• Clear and confident communication skills, both written and verbal.

Nice to Have

• Experience with actuarial or analytical tools such as AXIS, SQL, and/or Python.
• Exposure to multiple markets or accounting frameworks.
• Willingness to travel internationally on an occasional basis.

Benefits

• An engaging and collaborative environment that promotes continuous learning and development
• A hybrid work environment that combines weekly in‑office and remote days with Meeting‑Free lunch hours and Focus Friday afternoons
• A great compensation package including annual company bonus
• Market leading company‑paid flexible health and dental benefits, starting on your first day
• Flexible dollars provided by the company to put towards Health Spending Account and/or Wellness Spending Account
• Immediate participation in DC Pension Plan with an automatic 5% employer contribution, plus 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

Salary

Our base salary range for this role is between $140,000 and $186,000 per year, plus an opportunity for an annual company bonus based upon a percentage of eligible pay. The salary estimate displayed represents the typical salary range for candidates hired in this position. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to internal equity.

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.

Equal Employment Opportunity

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. 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.