Actuarial Co-op, Property - Toronto, Canada - Munich Re

Munich Re

Verified Company

Toronto, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Actuarial Co-op, Property & Casualty Pricing (2023 Summer - Toronto, 8 months):

POSITION:
Actuarial Co-op, Property & Casualty Pricing (2023 Summer - Toronto, 8 months)

LOCATION:
Toronto, ON

DURATION: 8 months

ANTICIPATED START DATE:
May 2023

NUMBER OF POSITIONS: 1

APPLICATION DEADLINE:
January 17, 2023

Location
Toronto, Canada

Munich Re is operating under a hybrid working model, including an average of 1-2 days in office/week with the remaining days working from home. Students are expected to relocate to the city in which they work for the duration of their co-op/internship, so they can fully benefit from the full program integration.
Your job

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.

Responsibilities:

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

Assist in improving reinsurance pricing tools;
Support with reinsurance benchmark rate study;
Participate in setting of Key Performance Indicators (KPI) and other assumptions;
Assist in reinsurance treaty pricing;
Monitoring existing Managing General Agents (MGA) business and evaluating new MGA business opportunities;
Support with facultative, single risks, and MGA pricing as required;
Development of the monitoring report;
Provide additional support in other actuarial areas, as needed.

Profile:

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;
Successful completion of one CAS exam (with two or more preferred);
Excellent communication skills spoken & written, formal/informal presentation;
Proven capability to multitask and successfully selfmanage 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 fastpaced environment;
Demonstrates leadership qualities clearthinking, curiosity, integrity, and drive;
Exposure to VBA is considered an asset;

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.

About us

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.

Munich Re is one of the top providers of reinsurance, primary insurance, and insurance-related risk solutions in the world.

Taking on risks worldwide of every type and complexity, the Munich Re Group and its business units are active in all lines of insurance.

Our consistent risk management, financial stability, and client proximity make us a much sought-after trusted business partner. As a leader of risk transfer here in Canada, Munich Re strives to be the "go-to" reinsurance partner. We offer a full range of traditional risk-transfer solutions through Property and Casualty, Treaty and Facultative reinsurance.

As risk evolves and changes, Munich Re focuses on innovation by developing products and services on the forefront of change.

Together with our clients, we will shape the future of our industry.

Thank you for your interest in joining Munich Re.