Senior Actuarial Associate - Corporate Actuarial

Munich Re; Ontario; Hybrid; CAD 80,000 - 110,000; Full time

Job summary

Join a leading global reinsurance company as a Senior Actuarial Associate, where you'll leverage your actuarial expertise in the Life & Health sector. This role offers a unique opportunity to collaborate across various departments, enhance your skills in a supportive environment, and advance your career while enjoying a hybrid work model and competitive compensation.

Benefits

Collaborative environment with continuous learning

Hybrid work model with remote days

Competitive compensation with annual bonuses

Comprehensive health and dental benefits

Flexible spending accounts for health and wellness

DC Pension Plan with employer contributions

Generous paid time off

Access to LinkedIn Learning and professional fees reimbursement

Parental and adoption leave top-up programs

Employee referral and recognition programs

Qualifications

• At least 3 years of actuarial experience in Canadian Life and Health insurance/reinsurance.
• Exceptional attention to detail and accuracy required.
• Strong analytical skills and financial modeling expertise.

Responsibilities

• Prepare IFRS reserves and verify accuracy through tests and analysis.
• Communicate quarterly results and prepare reports for management and regulators.
• Support collaboration with other departments such as Pricing and Accounting.

Skills

Analytical Skills

Financial Modeling

Problem-Solving

Collaboration

Attention to Detail

Education

Degree in Actuarial Science, Finance, Statistics, or Mathematics

FSA designation or progress towards FSA

Tools

AXIS

Datalink

SQL

Job description

Senior Actuarial Associate - Corporate Actuarial

Position Overview

Join Munich Re’s Corporate Actuarial team to advance your actuarial career through expertise in reinsurance valuation and reporting. You will develop and utilize advanced models for analysis and reporting in the Life & Health Reinsurance sector in Canada and the US. Collaboration with teams such as Pricing, Accounting, Biometric Research, and ERM will deepen your knowledge of concepts like LICAT and IFRS17 through various projects.

We seek a candidate with a strong drive for achievement, excellent communication skills, and the ability to work effectively in a high-performance, client-focused environment. Quick learners who can synthesize and implement solutions and explain complex concepts to senior management are ideal.

Your Role:

The successful candidate will support the preparation of financial data related to valuation, solvency, and planning, including but not limited to:

• Preparing IFRS reserves, OSFI exhibits, and LIMAT returns
• Verifying accuracy through tests and analysis, including reserve movements and earnings sources
• Communicating quarterly results via summaries and Q&A sessions, and preparing reports for management, regulators, and headquarters
• Updating systems/processes for new products, regulations, or efficiency improvements
• Consolidating cash flows for FCT, projections, IFRS 17, ALM, Solvency II, and NBU
• Monitoring capital needs, interpreting OSFI guidelines, and completing regulatory capital returns
• Maintaining and documenting financial models and systems
• Supporting collaboration with other departments such as Pricing, Accounting, Reinsurance Operations, and ERM

Your Profile:

• Degree in Actuarial Science, Finance, Statistics, or Mathematics
• FSA designation or progress towards FSA
• At least 3 years of actuarial experience in Canadian Life and Health insurance/reinsurance
• Experience with AXIS, Datalink, and SQL
• Strong analytical and financial modeling skills
• Exceptional attention to detail and accuracy
• Problem-solving and organizational skills
• Ability to collaborate effectively across departments

We are committed to diversity, inclusion, and belonging, fostering a culture that values different perspectives. Munich Re is a global leader in reinsurance, investing in talent and innovation to transform the industry.

What We Offer:

Our benefits include:

• A collaborative environment with continuous learning opportunities
• Hybrid work model with in-office and remote days, meeting-free lunch hours, and Focus Fridays
• Competitive compensation with annual bonuses
• Comprehensive health and dental benefits from day one
• Flexible spending accounts for health and wellness
• DC Pension Plan with employer contributions and optional matching
• Generous paid time off, including vacation, personal days, holidays, and early closure days
• Access to LinkedIn Learning, education assistance, and professional fee reimbursement
• Parental and adoption leave top-up programs
• Employee referral, recognition, and rewards programs

Only shortlisted candidates will be contacted. We value diversity and provide accommodations for applicants with disabilities during the recruitment process. Please contact [e-mail] for support.