Workflow Coordinator

Position Overview

Join Munich Re’s Corporate Actuarial team to accelerate your actuarial career through mastery of reinsurance valuation and reporting methods. You will develop and use leading-edge models designed for analysis and reporting for the Life & Health Reinsurance business in Canada and US. You will regularly work with other actuarial teams such as Pricing, Accounting, Biometric Research and ERM, while deepening your expertise and exposure to LICAT, IFRS
17, and various assignments and projects.

You demonstrate a consistent need for achievement, a strong work ethic and a drive to make a difference. You are also an excellent communicator and thrive working in a high-performing and client focused environment with a desire to make an impact. You have the ability to learn quickly, synthesize and implement solutions, and explain technically challenging concepts to other actuarial teams and senior management.

If this sounds like a challenge, this is the right role for you.

• Lead and coordinate the preparation and review of IFRS reserves, OSFI regulatory exhibits, and LIMAT returns with a high level of accuracy and analytical depth
• Support the development and review of materials for senior management by ensuring accuracy of financial figures and clarity in the explanation of results and key drivers
• Communicate and present valuation results and key considerations to internal stakeholders, with potential exposure to senior management teams under the CFO
• Oversee and contribute to the maintenance and enhancement of financial reporting systems and processes to accommodate new treaties, regulatory changes, and efficiency improvements
• Manage and review analyses supporting LIMAT reporting, Financial Condition Testing (FCT), business planning, Solvency II reporting, and Value of New Business (VNB) assessments
• Enterprise Risk Management (ERM) to ensure alignment and support across business functions
• Support the model and assumption change process, which includes monitoring our biometric assumption experience and proposing changes in the valuation assumptions as needed.
• Ensure a clear understanding of corporate and departmental objectives while providing guidance, training and mentorship to junior employees.
• Collaborate with cross-functional teams such as Pricing, Accounting, Reinsurance Operations, and Biometric Research.

• University Degree in Actuarial Science, Finance, Statistics, or Mathematics.
• FSA/FCIA qualification
• Prior experience in the Life and Health insurance/reinsurance industry.
• Advanced proficiency in Excel and other Microsoft Office applications.
• Experience with AXIS and Datalink; SQL
• Strong analytical and financial modeling skills, with the ability to manage complex calculations.
• Superior attention to detail and accuracy.
• Strong problem solving and organization skills.
• Excellent communication skills as demonstrated in general conversation, clear, complete responses to internal and external clients, formal presentations and written documents.
• Ability to establish and maintain good working relationships with other departments.
• Demonstrated flexibility and effectiveness working under tight timelines.
• Demonstrated ability to adapt in a dynamic environment

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.

Our data, our technology, and our teams place us in a unique position to drive transformative change in the life insurance industry. We invest strategically in our world class talent, offering our employees a work experience that promotes professional development, innovation, and rewards high performance.

• An engaging and collaborative environment…