Sr. Actuarial Associate/Actuary- Enterprise Risk Management
Munich Re
Toronto, Canada
1d ago

Risk Management

  • Participates in the development, implementation and monitoring of the enterprise risk framework for North America Enterprise Risk Management.
  • The risks defined are : underwriting (insurance) risk, market risk, credit risk, operational risk, liquidity risk, concentration risk, strategic risk, emerging risk and reputation risk

  • Manages the risk management framework through communication, training and making recommendations for operational improvement
  • Responsible for production of quarterly risk reports and provides continuous improvements
  • Prepares quarterly economic solvency results for dissemination to home office
  • Participates in the annual production of the ORSA summary report for the North American Life entities
  • Participates at periodically scheduled meetings with various departments to monitor key risks in the company
  • Marketing and Business Development

  • Supports large / complex transactions and new product development from a Risk Management perspective
  • Provides Insurance Economic Risk Capital, Pandemic and / or Credit risk measures to Pricing as required
  • ERC Model Development and Internal Communication

  • Supports ongoing development of the Internal Economic Risk Capital calculation engine
  • Develops and maintains model calibration methodology for use in the Economic Risk Capital model
  • Participates in presentations to various departments on ERC topics
  • Your profile

  • University Degree in Actuarial Science, Finance, Statistics, or Mathematics. Master’s degree preferred.
  • FSA or near-FSA
  • 3-5 years of experience in the Life and Health reinsurance / insurance industry, with related technical experience.
  • Understanding of the Canadian and US (re)insurance market.
  • Superior attention to detail and accuracy.
  • Keen strategic thinking, business acumen and problem solving skills.
  • Strong communication, interpersonal and influencing skills across all levels of the organization. Experienced presenter before groups and effectively manages question and answer sessions.
  • Strong focus on client service and partnership.
  • Project management skills and experience.
  • Ability to make technical decisions related to risk management (e.g. modeling decisions, methodology decision and data decisions).
  • Ability to make operational decisions related to risk management (e.g. priority of work, process design).
  • Strong ability to learn and execute modelling and model design using software / application knowledge including Word, Excel, PowerPoint, Access, AXIS and MATLAB, VBA
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