Senior Actuarial Associate

Position Overview

Join Munich Re’s Global Actuarial Consulting Group (GACG) and work at the center of complex, high‑impact actuarial work that supports our global life and health reinsurance business. GACG acts as an internal consulting group, partnering with teams across regions to solve some of the most interesting actuarial, financial, and strategic challenges in the organization.

This role offers breadth, visibility, and growth. You’ll work across markets such as Canada, the U.S., the U.K., and Germany, gain exposure to senior stakeholders, and contribute to projects that influence pricing, risk management, and financial outcomes at a global level.

The role is scoped at the Senior Actuarial Associate level, with flexibility based on your experience, technical depth, and leadership interests.

Your Role:

• Developing and enhancing actuarial and financial models for life and health reinsurance solutions across different regions.
• Supporting pricing analysis for new and existing reinsurance opportunities.
• Performing experience studies and helping set actuarial assumptions.
• Conducting valuation and financial reporting under multiple accounting and regulatory bases.
• Analyzing and visualizing data to clearly communicate insights to actuarial and non‑actuarial stakeholders.
• Supporting risk analysis, stress testing, and sensitivity analysis of financial results.
• Contributing to industry research, surveys, and publications.
• Assisting global teams through ad‑hoc projects and occasional short‑term secondments.
• Lead defined portions of projects, from planning through delivery.
• Review work and provide guidance to actuarial students and more junior team members.
• Present findings and recommendations to internal clients and Munich Re leadership.

Your Profile:  

• University degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field.
• Near‑FSA or FSA designation (or equivalent progress).
• 4+ years of actuarial experience in life and/or health insurance or reinsurance.
• Strong analytical and problem‑solving skills, with the ability to manage multiple priorities.
• Clear and confident communication skills, both written and verbal.

Nice to have:

• Experience with actuarial or analytical tools such as AXIS, SQL, and/or Python.
• Exposure to multiple markets or accounting frameworks.
• Willingness to travel internationally on an occasional basis.

About Munich Re

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.

What Can We Offer You?

We are pleased to offer our employees great benefits and resources to support their mental, physical and financial wellbeing. These include:

• 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

Our base salary range for this role is between $116,161 and $128,389 per year, plus an opportunity for an annual company bonus based upon a percentage of eligible pay. The salary estimate displayed represents the typical salary range for candidates hired in this position. Factors that may be used to determine your actual salary include your specific skills, how many years of experience you have and comparison to internal equity.

This role is located in our Toronto office on 390 Bay St, and we operate in a hybrid work model. This job posting is for an existing vacancy. 

Please note that only candidates who are selected for interview will be contacted directly. We thank all candidates for their interest.

Munich Re is committed to providing a work environment that is inclusive and free of employment barriers and discrimination. Accommodations will be made for qualified applicants with a disability throughout the recruitment process. If you receive a request for an interview and you have a disability which will require an accommodation to support your participation, please contact AODARequestHR@munichre.ca as soon as practical so that suitable accommodations can be arranged.