Munich Re is the world’s leading reinsurance company, and they are seeking an Actuarial Associate in the Biometric Research department. The role involves performing experience studies, developing assumptions, and collaborating on research projects across multiple lines of business in both Canada and the United States.
Responsibilities
- Contribute to the build, analysis, and presentation of mortality/morbidity/lapse experience studies for individual life, living benefits, and group insurance products
- Assist in the development of new business assumptions focused on mortality/morbidity/lapse bases in both Canada and the United States
- Support the Pricing teams by providing and reviewing client focused experience studies for new business quotes and inforce transactions
- Participate in North American and global Biometric Research special projects and initiatives
- Collaborate extensively with other departments including Pricing, Corporate Actuarial, Reinsurance Operations, Risk Management, and Integrated Analytics on studies, assumptions, and research
- Continually review and improve the experience analysis and assumption development processes
- Provide technical peer reviews for other team members
Skills
- University Degree in Actuarial Science, Finance, Statistics, and/or Mathematics
- Exam progression towards ASA/FSA
- 1-3 years experience in an actuarial field, preferably the Individual Life and Health insurance/reinsurance industry
- Strong technical proficiency and data analysis capabilities
- Proven ability to build and maintain effective working relationships with clients and/or colleagues
- Excellent communication skills demonstrated through clear verbal interactions and well-structured written documents
- Superior attention to detail and accuracy
- Strong problem solving and organizational skills
- Ability to work effectively under tight deadlines
- Adaptability in fast-paced and dynamic environments
- Proficiency in Excel and experience with other Microsoft Office applications
- Knowledge of SQL, R, and/or Python is an asset
Benefits
- An engaging and collaborative environment that promotes continuous learning and development
- A hybrid work environment that combines weekly in-office and remote days with Meeting-Free lunch hours and Focus Friday afternoons
- A great compensation package including annual company bonus
- Market leading company-paid flexible health and dental benefits, starting on your first day
- Flexible dollars provided by the company to put towards Health Spending Account and/or Wellness Spending Account
- Immediate participation in DC Pension Plan with an automatic 5% employer contribution, plus optional company match
- Generous time off including vacation, personal days, unplanned time, Statutory Holidays and company-wide early closure half-days
- Learning and development programs and resources, including unlimited access to LinkedIn Learning, Education Assistance Program and reimbursement for professional fees
- Maternity, Parental & Adoption Leave top-up program
- Employee Referral Program, Recognition & Rewards Platform
Company Overview
Munich Re is an insurance company that provides reinsurance, insurance, and risk solutions. It was founded in 1980, and is headquartered in Munich, Bayern, DEU, with a workforce of 10001+ employees. Its website is https://www.munichre.com.