06 Nov
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Munich RE
|
Toronto
Manager, Corporate Actuarial Our innovation strategy sets a new standard in digitization that will radically transform our end-to-end business operations and deliver world‑class, fully automated business processes and workflows. Manager, Corporate Actuarial Our innovation strategy sets a new standard in digitization that will radically transform our end-to-end business operations and deliver world‑class, fully automated business processes and workflows. Join Munich Re’s Corporate Actuarial team to accelerate your actuarial career through mastery of reinsurance valuation and reporting methods. You will regularly work with other actuarial teams such as Pricing, Accounting, Biometric Research and ERM, while deepening your expertise and exposure to Solvency II, IFRS17, and various assignments and projects. You have the ability to learn quickly, synthesize and implement solutions, and explain technically challenging concepts to other actuarial teams and senior management. Under the direction of Director, Corporate Actuarial, the successful candidate will assist in the production of financial information related to valuation, solvency and planning, which may include but is not limited to the examples below. Lead quarterly and annual Solvency II / HGB reporting, including quantification of Solvency II technical provisions and capital requirements, quarterly movement analysis and sensitivity testing, cumulating in the production of the annual Valuation Report Liaise with Head Office as the local SME of the VBM (Value Based Management) methodology through the measurement and tracking of various new business and inforce metrics. Drive process improvements,
efficiency and automation initiatives within the Solvency II / HGB reporting framework. Communicate and present results to key internal and Head Office stakeholders, with potential exposure to Corporate and Finance senior management teams. Support the model and assumption change process, which includes monitoring our biometric assumption experience and proposing changes in the valuation assumptions as needed. Assist as required in the preparation and analysis of IFRS 17 reserves, OSFI exhibits (Reserves, Movement, Volumes), and the LICAT (LIMAT) return. Ensure a transparent understanding of corporate and departmental objectives while providing guidance, training and mentorship to junior employees. Collaborate with and support other departments such as Pricing, ERM, Accounting, and Tax as needed. University Degree in Actuarial Science, Finance, Statistics, or Mathematics. Prior experience in the Canadian Life and Health insurance/reinsurance industry. Advanced Excel, Word, Access. SQL 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. 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.
📌 Manager & Actuary, Corporate Actuarial (Valuation and Reporting) (Toronto)
🏢 Munich RE
📍 Toronto