- Supports the ongoing pricing management, analysis, and modelling of the Individual Life and Critical Illness new business portfolio.
- Maintains and enhances pricing management models, monitors new business volumes and profitability, and supports the development and testing of assumptions used for current business pricing.
- Assist with the development of assumptions and building of actuarial models for Individual Life or Critical Illness business, enabling the delivery of quality quotes on time.
- Works with team members or other internal stakeholders and manages assigned deliverables, communicates analyses and delivering results and documentation.
Your Role
- Maintain and enhance the pricing management models used to monitor the Individual Life and Critical Illness new business portfolio.
- Monitor the portfolio to identify changes in the portfolio to explain variances between actual and expected volumes and profitability.
- Support the development and testing of actuarial assumptions used in pricing Individual Life and Critical Illness business.
- Lead or contribute to the technical aspects of internal projects or ad-hoc requests,
working with other team members or internal stakeholders.
- Contribute to the enhancement of pricing processes or methodologies by developing tools for potential improvements of the day-to-day process and pricing methods.
- Build models in AXIS to appropriately price products and determine profitability metrics.
- Assist in the analysis of both internal and external data to support assumption development processes for reinsurance.
Your Profile
- University Degree in Actuarial Science, Finance, Statistics, or Mathematics.
- FSA or progression towards FSA.
- 2+ years of actuarial experience in the Life and Health insurance/reinsurance industry.
- Strong analytical, organizational, and problem-solving skills with high degree of attention to detail.
- Demonstrated ability to learn quickly and work effectively under tight timelines in a dynamic environment.
- Excellent communication skills, including the ability to clearly organize and present analyses to technical and non-technical audience.
- Proficient with GGY AXIS, Datalink, SQL, Excel, Word, PowerPoint.
📌 Senior Actuarial Associate - Individual Reinsurance Solutions (Toronto)
🏢 Munich RE
📍 Toronto
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