Senior Actuarial Associate, North America Model Development

Munich Re; Toronto; On-site; CAD 140,000 - 170,000; Full time

Job summary

Munich Re in Toronto is seeking a Senior Actuarial Associate for North American Model Development (Valuation). You will design, implement, test, and quantify impacts of AXIS-based valuation models, supporting financial reporting for Life & Health Reinsurance in Canada and the US.

This role offers exposure to diverse lines and collaborative project work. You will work with Pricing, ERM, Biometric Research, Reinsurance Operations and Business Transformation, presenting results to senior management

Qualifications

• University degree in actuarial science, finance, statistics or mathematics.
• ASA progressing to FSA with strong technical aptitude.
• Experience with AXIS, SQL Server, Datalink and Excel/Power Query/BI.

Responsibilities

• Design, implement, test, and quantify impacts of model enhancements and AXIS functionality for financial reporting.
• Implement new treaties and pricing-based models into the valuation standard model and analyze impacts.
• Present technical modeling changes and financial results to Corporate Actuarial.
• Maintain North American valuation modeling standards and adapt to best practices.
• Ensure documentation of models, processes and systems under risk controls.
• Foster collaboration within the model development team and with other departments.
• Contribute to cross-functional company projects to improve understanding and efficiency.

Skills

SQL

AXIS

Datalink

Excel

Power Query/BI

Education

ASA progressing to FSA

Tools

SQL Server

Job description

Associate, North American Model Development (Valuation)

The Corporate Actuarial team is looking for a Senior Actuarial Associate, North American Model Development (Valuation) for their Toronto office.

Senior Actuarial Associate, North American Model Development (Valuation) The Corporate Actuarial team is looking for a Senior Actuarial Associate, North American Model Development (Valuation) for their Toronto office. You will develop and use leading-edge AXIS models designed for analysis and reporting for the Life & Health Reinsurance business in Canada and the US. You will regularly work with actuarial and non-actuarial teams such as the Pricing, Global Actuarial Consulting Group, Biometric Research, Enterprise Risk Management, Reinsurance Operations, and Business Transformation. You will have the opportunity to work on various lines of business: Individual Life, Disability Income, Critical Illness, Long Term Care, and Group; allowing for growth in product knowledge, risk exposure, and traditional and non-traditional reinsurance structures. You demonstrate a consistent need for achievement, a strong work ethic and a drive to make a difference. You are also an excellent communicator and thrive working in a high-performing and client focused environment with a desire to make an impact. You have the ability to learn quickly, think creatively to synthesize and implement solutions, and explain technically challenging concepts to other actuarial teams and senior management. If this sounds like an intriguing challenge, this is the right role for you.

Your Job:

• Design, implement, test, and quantify impacts of model enhancements, new AXIS functionality, process improvements, and modeling changes required for financial reporting


• Implement new treaties and other pricing based models into the valuation standard model. Analyze impacts to financial reporting as well as pricing metrics


• Present technical modeling changes and financial results to Corporate Actuarial


• Maintain the North American Valuation modeling standards and adapt to emerging industry best practices in model design, validation, data & assumption management


• Ensure models, processes and systems are fully documented and that all processes are completed under the risk control framework


• Foster a culture of feedback, development, collaboration, and shared success within the model development team


• Collaborate with and support other departments such as Corporate Actuarial (Valuation Reporting), Pricing, ERM, Biometric Research, Reinsurance Operations, and Business Transformation as needed


• Contribute to company-wide projects to enhance understanding and produce efficiencies

Your Profile:

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


• ASA progressing to FSA.


• Experience with SQL server, AXIS and Datalink, Excel, Power Query/BI.


• Strong analytical, problem solving and organization skills.


• Superior attention to detail and accuracy.


• Excellent communication skills as demonstrated in general conversation, clear, complete responses to internal and external clients, formal presentations and written documents.


• Ability to establish and maintain good working relationships with other departments.


• Flexibility and effectiveness working under tight timelines.


• Demonstrated ability to adapt in a dynamic environment.