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Director & Actuary, Biometric Research

Location Toronto, Canada Job type Full-Time Work mode Hybrid Job level Management & Leadership Job ID 10517 Company Munich Re, Canada (Life) Employment type Regular Area of expertise Actuarial & Risk Management
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Position Overview

You are an actuary that is passionate about experience studies and making data driven assumptions about what will happen in the future. As a Director in the Biometric Research department, you will be responsible for informing our business decisions across multiple lines of business in both Canada and the United States. You can look forward to analyzing some of the largest and richest datasets in the North American insurance industry, across individual life, critical illness, disability, and long term care products. You will collaborate with a talented team of professionals who share your passion for biometric research and experience studies

Your Role:

Individual and Group Insurance Business Lines

  • Lead and manage experience studies and assumption development projects across North America, focusing on mortality, morbidity, and lapse risks
  • Continuously review and improve our experience analysis and assumption development processes to ensure they remain best-in-class
  • Provide expert support to our Canadian pricing teams on new business quotes
  • Support our Enterprise Risk Management team in the development and refinement of economic capital models for biometric risks
  • Participate in and contribute to North American and Global Biometric Research initiatives, staying up-to-date on the latest trends
  • Provide actuarial and research support for underwriting
  • Provide peer reviews for other team members, to ensure high standards of quality and accuracy

Stakeholder Relationship Management

  • Build and maintain strong, trusted relationships with key stakeholders, including internal pricing and valuation teams
  • Deliver timely and effective support to internal clients, addressing their needs and expectations in a proactive and responsive manner
  • Develop and maintain strong relationships with key decision-makers, influencing business outcomes through clear and effective communication of complex ideas and technical concepts
  • Foster a culture of collaboration and partnership, working closely with stakeholders to drive business growth and success

Project and People Management 

  • Manage project resources, timelines, and deliverables, ensuring successful outcomes and high-quality results
  • Ensure direct report(s) have a clear understanding of corporate and departmental objectives, and are aligned with the company's overall strategy and vision
  • Lead and develop direct report(s), providing challenging tasks and assignments, and supporting their career growth and development
  • Hire and develop top talent, building a team that is recognized as experts both internally and externally

Your Profile:  

  • University Degree in Actuarial Science, Finance, Statistics, or Mathematics
  • FSA and/or FCIA designation
  • 5-10 years of experience in the individual insurance/reinsurance industry
  • Demonstrated ability to effectively manage projects and direct report(s), with a strong track record of delivering results and driving business outcomes
  • Strong analytical skills. Comfortable working with complex calculations.
  • Excellent communication and interpersonal skills, with the ability to convey technical concepts in a clear and accessible way.
  • Superior attention to detail and accuracy.
  • Strong problem solving and organizational skills.
  • Demonstrated flexibility and effectiveness working under tight timelines.
  • Demonstrated ability to adapt in a dynamic environment.
  • Proficiency in Excel, SQL, R and/or Python is preferred.
  • Experience in statistical modelling and/or data analytics is an advantage.

About Munich Re

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.

What Can We Offer You?

We are pleased to offer our employees great benefits and resources to support their mental, physical and financial wellbeing. These include:

  • 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 LinkedIn Learning, Education Assistance Program and reimbursement for professional fees
  • Maternity, Parental & Adoption Leave top-up program
  • Employee Referral Program, Recognition & Rewards Platform

Please note that only candidates who are selected for interview will be contacted directly. We thank all candidates for their interest.

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 AODARequestHR@munichre.ca as soon as practical so that suitable accommodations can be arranged.

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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