Senior Actuarial Associate - Global Actuarial Consulting Group

Join the Global Actuarial Consulting Group (GACG) and be a driving force in actuarial excellence for Munich Re’s global reinsurance business. As a member of GACG, you will play a key role in delivering high-impact actuarial solutions to internal clients across the globe. This is an opportunity to work on a wide range of strategic and technical projects such as model development, pricing analysis, experience studies, valuation and financial reporting in key markets including Canada, the U.S., the U.K., and Germany.

You will collaborate with cross‑functional teams and stakeholders across Munich Re to deliver solutions on high‑visibility assignments.

The level and scope of the position will be tailored to your experience, including your technical expertise and leadership capabilities.

• Designing actuarial models for unique, region‑specific reinsurance structures.
• Building pricing models for new quotes for region‑specific business.
• Performing experience studies and developing actuarial assumptions.
• Analyzing and visualizing data to present insights to key stakeholders.
• Performing valuation and reporting under various bases.
• Developing surveys and analyzing results to be used in industry publications.
• Supporting risk analysis and the regular sensitivity testing of financial results.
• Supporting global teams with various ad‑hoc requests and secondments.

• Lead aspects of project work streams and effectively delegate and review work.
• Mentor actuarial students on the team.
• Present formally and informally to GACG’s clients, Munich Re management and occasionally Munich Re’s clientele.

Sample internal clients of GACG include Individual and Group Pricing, Corporate Actuarial, Financial Reinsurance, Biometric Research and Enterprise Risk Management.

• University Degree in Actuarial Science, Finance, Statistics, or Mathematics.
• FSA or progression towards FSA.
• 3+ years actuarial experience in the Life and Health insurance/reinsurance industry.
• Demonstrated ability to adapt in a dynamic environment and successfully deliver on multiple assignments under tight timelines.
• Strong problem solving and organization skills.
• Superior attention to detail and accuracy.
• Excellent communication skills.
• Experience with AXIS, SQL, and/or Python is an asset.
• Ability to travel internationally is an asset.

• 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 Linked In 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 $118,000 and $130,000 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.

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  as soon as practical so that suitable accommodations can be arranged.