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    Actuarial Co-op, Property - Toronto, Canada - Munich Reinsurance Company of Canada

    Munich Reinsurance Company of Canada
    Munich Reinsurance Company of Canada Toronto, Canada

    3 weeks ago

    Default job background
    Description

    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, Risk Management 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 may include, but are not limited to the following:

    Reserving

    • Develop an understanding of key data required for core reserving and/or IFRS 17 processes;

    • Support in quarterly reserve and/or IFRS 17 analyses of the primary and reinsurance units;

    • Assist in improving reserve review processes and methodologies;

    • Provide support in fulfilling regulatory and group reporting requirements;

    • Assist in producing quarterly business monitoring reports, including exhibits used to present results of the quarterly reserve review and/or IFRS 17 analyses;

    • 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.

    Note that only candidates who are selected for interview will be contacted directly.
    Thank you for your interest in joining Munich Re.

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