Actuarial Associate

Actuarial Associate We care for humankind – and that starts with our people

Our greatest strength lies not in what we do – but how we do it. It’s the unique individual behind every piece of work who matters the most. Our people make Munich Re a global success. Working at Munich Re gives us access to the depth, breadth, and mindset we want in order to develop our full potential. That’s why a career at Munich Re is much more than just a job.

It’s an invitation to be your very best and make a positive impact on the world.

Do you enjoy building relationships and working collaboratively in a team environment with both internal, external and global stakeholders? Do you possess strong analytical and investigative competencies? As someone with excellent communication skills and business acumen, you will utilize exceptional interpersonal and influencing skills across all levels of the organization.

This role supports Temple Insurance, a wholly owned P&C carrier, which was established to strategically complement Munich Re operations in Canada. Temple Insurance, as a Canadian licensed insurance carrier, enables business units across the Munich Re Group to write direct P&C business in Canada. Reporting to the Director, Corporate Actuarial, the Actuarial Associate will support the on-going quarterly reserving and reporting analysis for the primary business of Temple Insurance Company.

• Support quarterly nominal and IFRS 17 reserving and reporting work, including setting of assumptions, selection of appropriate methodologies and QA processes.
• Assist with preparation of presentation of quarterly reserving results, nominal and IFRS
  17 bases, for various stakeholders including Central Reserving, senior management and the Board.
• Streamline procedures and methodologies to improve the efficiency and accuracy of the reserving process.

• Collaborate with reserving teams across the Group’s international entities and with Central Reserving in Munich to exchange knowledge, align tools and processes, and effectively leverage Group wide  a change agent in leveraging analytics to reinforce presentation of results to all internal and external stakeholders
• Perform deep dive/ad hoc innovative analysis as required
• Assist in preparing and improving the efficiency in Appointed Actuary Report preparation annually
• Maintain a collaborative/co-operative working relationship with a number of teams, included but not limited to Claims, Underwriting, Finance, Risk and the Group Central Reserving Department in Munich.
• Ensure collaboration as well as timely and quality actuarial support to various stakeholders (e.g. underwriting, claims).
• Keep abreast of the Canadian and international Property & Casualty industry knowledge and developments

• You ideally have a Bachelors’ Degree in Actuarial Sciences or equivalent
• Working towards ACAS/FCAS/equivalent actuarial credential with completion of at least four (4) actuarial examinations
• You have three (3) to five (5) years of knowledge and experience in the property & casualty industry including reserving ;
• You possess keen strategic thinking, business acumen and problem solving skills;
• You have good communication, organizational, and time management skills with a demonstrated attention to detail and an eye for accuracy;
• You have exceptional computer skills including Microsoft Office and other computer software, including MS Word, Excel and PowerPoint;
• You have exceptional ability to make technical decisions (e.g. modeling decisions, data decisions), demonstrating sound judgement in actuarial decision making;
• You have the ability to work on a small team and build strong relationships with your colleagues;
• You have well-developed organization skills, with the ability to analyze current processes and procedures and recommend and implement improvements;
• You demonstrate a high degree of flexibility and adaptability to changing environment and situations with an ability to work collaboratively to achieve results under tight deadlines;
• You are able handle a number of…