P&C/Non-Life Actuarial Co-op (Winter 2021)
Munich Re
Toronto, Canada
1d ago

Our co-op placements provide you with an excellent opportunity to practically apply your classroom and technical training in the reinsurance industry.

While with our team, you’ll be; coached by experienced industry professionals, exposed to Munich Re leadership, challenged as a valuable team member and contributor doing meaningful work, and mentored to develop a solid foundation that will help position you as a future leader in the field.

Position Overview

You’ll work closely with other Actuarial Associates and Actuaries within their respective departments, as well as with other key individuals across the organization in Pricing and Reserving, in our Toronto office.

Note that this opportunity is with Munich Reinsurance Company of Canada, a property and casualty reinsurer subsidiary of Munich Re.

Job Responsibilities

Work term responsibilities will vary depending on the department you’re placed; which may include, but not be limited to the following :

Risk Management Actuarial

  • Assist in improving the ORSA processes and methodologies;
  • Assist with the Financial Condition Testing analyses and the assessment of an internal target ratio;
  • Support the preparation and quantification of quarterly risk report capital analyses of the primary and reinsurance units;
  • Assist with compiling data to assess the company retrocession needs;
  • Support the operational risk and control assessment process;
  • Provide support in fulfilling regulatory and group reporting requirements;
  • Provide additional support in other actuarial areas, as needed.
  • Qualifications

    First and foremost, we’re looking for well-rounded individuals who are technically astute, have strong communication skills, and demonstrate the ability to build positive relationships.

    We’re seeking collaborative professionals who are excited to join our winning team and show promise of becoming a future leader in the reinsurance space.

    Specifically, we’re looking for the following qualifications :

  • Currently pursuing an undergraduate degree in Actuarial Science, Math, or Statistics, or equivalent program in healthy academic standing;
  • Excellent communication skills spoken & written, formal / informal presentation;
  • Proven capability to multi-task and successfully self-manage multiple priorities and projects of various significance;
  • Effective working both independently and as part of a greater team;
  • Exhibits solid organizational skills and rigorous attention to detail / accuracy in a fast-paced environment;
  • Demonstrates leadership qualities clear-thinking, curiosity, integrity, and drive;
  • Proficient in Microsoft Office Suite, as well as experience with spreadsheet and database applications;
  • Exposure to VBA is considered an asset;
  • Preference for candidates who have relevant work experience, having already completed at least one placement (or approx.
  • 4+ months in-field experience).

    Note that this opportunity is open to both current students who are returning to in-class studies upon the completion of the work term, as well as recent graduates who have obtained their degree within the past year.

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