Actuarial Associate, Life & Health

Actuarial Associate, Life & Health (2026 Permanent - Toronto)

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POSITION: Actuarial Associate, Life & Health (2026 Permanent - Toronto)
LOCATION: Toronto, ON
ANTICIPATED

START DATE:

2026 – upon graduation

Together, we engage with everything we have and are, to help humankind act braver and better. As the world’s leading reinsurance company with more than 40,000 employees in over 50 locations around the globe, Munich Re introduces a paradigm shift in the way you think about insurance. By turning uncertainty into manageable risk, we enable fundamental change. We recognize Diversity, Inclusion, and Belonging as a key priority with a culture that welcomes different thoughts and opinions.

We dare to think big and are continuously innovating on behalf of our clients.

Our data, our technology, and our teams place us in a unique position to drive transformative change in the life insurance industry. We invest strategically in our world class talent, offering our employees a work experience that promotes professional development, innovation, and rewards high performance.

As an Actuarial Associate, you’ll start your career with Munich Re within one of our many departments. Working closely with other actuarial and business units, you’ll work on real industry problems while applying collaborative approaches to deliver high-quality solutions for both internal and external clients. As a valued member of the team, you’ll be called upon for your insights while receiving ongoing support and training to help position you as a future leader in the field.

• Biometric Research: Assist with experience studies and assumption development for various lines of business (Life, Critical Illness, Disability, Long Term Care). You will also help with assumption‑setting for new business and in‑force pricing quotes and research biometric risks. Associates gain skills working with large datasets, balancing multiple projects and learning from industry experts.
• Corporate Actuarial: Provide the financial results of the Life & Health business in Canada and the Caribbean. Collaborate across functions to set assumptions for policy liabilities, build and manage complex actuarial models, learn regulations, perform business analysis, and invent creative solutions.
• Global Actuarial Consulting Group (GACG): Provide actuarial consulting services to various departments and business units worldwide. Exposure to diverse high‑impact projects offers a strong technical foundation and a holistic view of our global business.
• Individual or Group Reinsurance Solutions (Pricing): Focus on acquiring and maintaining new business through client relations, innovative solutions, and product profitability. Work on high‑impact projects – develop client strategies, report profitability, conduct market research, and quote on special business.

Note that all opportunities will be based in our Toronto office. Departments will be assigned based on a combination of factors, such as: your interest, skill set, and business need.

First and foremost, you demonstrate a natural desire to provide exceptional client service through energy, enthusiasm, and initiative. Specifically, we’re looking for the following qualifications:

• Required: Bachelor’s or Master’s degree in Actuarial Science, Math, Statistics, Risk Management, or equivalent program – in healthy academic standing;
  Completion of at least two actuarial exams with demonstrated progress toward ASA designation;
  Relevant work experience — at least one internship or co‑op in the Canadian Life and Health Insurance/Reinsurance industry;
  Experience in financial analysis, modelling, and reporting;
  Advanced Microsoft Excel skills;
  Excellent communication skills – spoken & written, formal/informal presentation;
  Demonstrated ability to create and manage positive professional relationships with good client service acumen;
  Proven capability to multi‑task and self‑manage multiple priorities and projects;
  Exhibits solid organizational skills and rigorous attention to detail/accuracy in a fast‑paced environment;
  Demonstrates leadership qualities – clear‑thinking, curiosity, integrity, and drive.
• Preferred: Proficient in SQL and/or Microsoft Access;
  Familiarity with GGY Axis and Data Link;
  Programming skills (e.g., Python, Java, VBA, C/C++/C#, etc).

Note that this opportunity is open to both graduating students and recent graduates who have obtained their degree within the past year.

Entry level

Full‑time

Finance

Insurance