Aon – 16 Months Internship: Actuarial Intern, Retirement Consulting – Toronto, ON

Company: Aon

Location: Toronto, ON

Expected salary:

Job date: Sat, 11 Jan 2025 06:36:28 GMT

Job description: Posting Description:*THIS IS A 16 MONTS INTERNSHIP*Do you have strong analytical skills and want to develop your skills in a changing professional environment? Aon is looking for Actuarial Intern, Retirement Consulting.This is a hybrid role with the flexibility to work both virtually and from our Toronto office.Available Location: TorontoDates: 16 monhts duration, exclusively from May 5th, 2025 to August 29th, 2026Applicants must be legally authorized to work in Canada. This role is not eligible for sponsorship, and we are unable to sponsor or take over sponsorship of an employment visa or work permit.Aon is in the business of better decisionsAt Aon, we shape decisions for the better to protect and enrich the lives of people around the world.As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.How this opportunity is differentThis is an exciting opportunity for students to learn, contribute, and gain real world work experience in a collaborative environment. You will have the chance to learn more about Aon’s culture and businesses while developing practical skills necessary for future success and postgraduate opportunities. The program equips interns with an understanding of working in an environment dedicated to exceeding client expectations and delivering products and services distinct to unique client needs.What the day will look like

  • Involvement in actuarial valuations for funding purposes for pension plans;
  • Involvement in actuarial valuations for accounting purposes;
  • Involvement in the preparation of actuarial costings and projections;
  • Provide routine technical and analytical support to ensure the continuous efficient operation of our clients’ pension plan arrangements;
  • Read and interpret pension plan texts;
  • Year-end update of plan records, including the reconciliation of the membership, contributions and trust fund;
  • Completing government filings with pension regulators;
  • Calculate benefit entitlements and prepare option packages on retirement, termination, death and marriage breakdown;
  • Participating in internal seminars regarding current industry issues and technical training; and
  • Working with a variety of Excel-based actuarial tools.

Skills and experience that will lead to success

  • Good oral and written communication skills and ability to work in a team environment;
  • Thorough and good organizational skills;
  • Good knowledge of Excel and Word; and
  • Previous work experience or actuarial co-op experience in a consulting/insurance environment is an asset.

Education:

  • Students should be enrolled in Actuarial Sciences, Mathematics, Statistics or Business Administration; and
  • Applicants should preferably be in 2nd work term or above.

How we support our colleaguesIn addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work… and we are all for it. We call this Smart Working!Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email#LI-RD1#LI-Internship#LI-Hybrid

The Travelers – Actuarial Co-op (May to August) – Toronto, ON

Company: The Travelers

Location: Toronto, ON

Expected salary:

Job date: Thu, 09 Jan 2025 23:59:44 GMT

Job description: Who Are We?Solid reputation, passionate people and endless opportunities. That’s Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers – and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.Job Category ActuarialTarget Openings 4What Is the Opportunity? The Actuary Internship Program provides qualified students with an excellent opportunity to gain first-hand experience, receive valuable on-the-job training and learn more about the property & casualty insurance industry.This role is an exciting opportunity to work with one of the largest employers of P&C actuaries in North America. As an Actuarial Assistant, the successful candidate will be offered an opportunity to gain relevant property and casualty insurance and business experience in personal and/or commercial lines while working in a dynamic, team-focused environment.Solid reputation, passionate people and endless opportunities. That’s Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers – and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.As a member of the Actuarial Department, the candidate will act as an effective contributor to their team, and will interact with insurance professionals from underwriting, claims, finance and information systems as necessary.There are thr roles available — one each for:
Business Pricing
Personal Insurance Pricing
Actuarial ReservingCandidates may be required to work for other teams on an ad-hoc basis however. The candidate will be responsible for a range of projects and tasks which will involve interaction with many areas of the business.Each intern will be expected to complete challenging and meaningful project work over the course of this program. In addition, there are core assignments and a designated coach to further develop interns’ insurance knowledge.Duties may include:
– Data preparation, validation, reconciliation and analysis of premium, claims and other data
– Using software such as SAS, MS Access and Excel to produce analyses
– Communicating results with finance and/or the business and securing their buy in
– Managing multiple projects simultaneously
– Developing product knowledge
– Analyzing and assisting with property and auto rate level indications
– Testing of new rate systems
– Working with actuarial colleagues from other business areas
– Participating in rate filing preparations
– Supporting implementation of rate changes, product enhancements and testing controlsEducation, Work Experience & Knowledge :Because the Actuary Internship Program itself is complex and dynamic, we welcome applicants that have a variety of majors, backgrounds and experiences.
For this internship opportunity, we are most interested in students who are serious about entering the insurance industry and who are excited about the prospect of making underwriting their future career choice.
Preferred cumulative GPA of 3.0 or above. Undergraduate students completing their penultimate year is preferred.Targeted Majors:
Actuarial Science, Mathematics, Computer Science, Economics, Statistics or equivalent.Licensing or Certificates :Job Specific & Technical Skills & Competencies :Strong academic record
Strong verbal communication skills
Commitment to passing actuarial examinations
Skilled independent problem solver
Self-motivated team player
Detail oriented
Proficiency with Microsoft Excel
Knowledge of Microsoft Access, VBA or SAS considered an asset
Prior actuarial experience considered an asset
Legally eligible to work in Canada.Equal Employment Opportunity StatementTravelers is an equal opportunity employer. We are committed to providing accommodation to persons with disabilities. If you require accommodation during the recruitment or interview process we will work with you to accommodate your needs.If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an so we may assist you.

The Travelers – Actuarial Co-op, CAT Risk Management (May to August) – Toronto, ON

Company: The Travelers

Location: Toronto, ON

Expected salary:

Job date: Fri, 10 Jan 2025 08:26:12 GMT

Job description: Who Are We?Solid reputation, passionate people and endless opportunities. That’s Travelers. Our superior financial strength and consistent record of strong operating returns mean security for our customers – and opportunities for our employees. You will find Travelers to be full of energy and a workplace in which you truly can make a difference.Job Category ActuarialTarget Openings 1What Is the Opportunity? The Actuarial Internship Program provides qualified students with an excellent opportunity to gain first-hand experience, receive valuable on-the-job training and learn more about the property & casualty insurance industry.This role is an exciting opportunity to work with one of the largest employers of P&C actuaries in North America. As an Actuarial Assistant, the successful candidate will be offered an opportunity to gain relevant property and casualty insurance and business experience in personal and/or commercial lines while working in a dynamic, team-focused environment.As a member of the Actuarial Department, the candidate will act as an effective contributor to their team, and will interact with insurance professionals from underwriting, claims, finance and information systems as necessary.Roles available:
CAT Risk ManagementCandidates may be required to work for other teams on an ad-hoc basis however. The candidate will be responsible for a range of projects and tasks which will involve interaction with many areas of the business.Each intern will be expected to complete challenging and meaningful project work over the course of this program. In addition, there are core assignments and a designated coach to further develop interns’ insurance knowledge.– Data preparation, validation, reconciliation and analysis of premium, claims and other data
– Managing multiple projects simultaneously
– Developing product knowledge
– Testing of new rate systems
– Statistical model building and validation
– Exposure to machine learning models and working in python
– Using software such as SAS, MS Access and Excel to produce analyses
– Analyzing and assisting with property and auto rate level indications
– Participating in rate filing preparations
– Supporting implementation of rate changes, product enhancements and testing controls
– Supporting quarterly reserve analysis for all lines of business
– Determining estimates for catastrophic events
– Working with Finance on monthly IBNR bookingBecause the Actuarial Internship Program itself is complex and dynamic, we welcome applicants that have a variety of majors, backgrounds and experiences.For this internship opportunity, we are most interested in students who are serious about entering the insurance industry and who are excited about the prospect of making actuarial their future career choice.Preferred cumulative GPA of 3.0 or above. Undergraduate students completing their 3rd or 4th year is preferred.

  • Strong academic record
  • Strong verbal communication skills
  • Commitment to passing actuarial examinations
  • Skilled independent problem solver
  • Self-motivated team player
  • Detail oriented
  • Proficiency with Microsoft Excel
  • Knowledge of Microsoft Access, VBA or SAS considered an asset
  • Prior actuarial experience considered an asset

Equal Employment Opportunity StatementTravelers is an equal opportunity employer. We are committed to providing accommodation to persons with disabilities. If you require accommodation during the recruitment or interview process we will work with you to accommodate your needs.If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an so we may assist you.

Aon – Summer 2025 – Early Careers: Actuarial Intern, Retirement Consulting – Toronto, ON

Company: Aon

Location: Toronto, ON

Expected salary:

Job date: Fri, 10 Jan 2025 05:06:01 GMT

Job description: Job Description:Do you have strong analytical skills and want to develop your skills in a changing professional environment? Aon is looking for Actuarial Intern, Retirement Consulting.This is a hybrid role with the flexibility to work both virtually and from our Toronto office.Available Location: Toronto, ONDates: 4 months duration, exclusively from May 5th, 2025 to August 29th, 2025Applicants must be legally authorized to work in Canada. This role is not eligible for sponsorship, and we are unable to sponsor or take over sponsorship of an employment visa or work permit.Aon is in the business of better decisionsAt Aon, we shape decisions for the better to protect and enrich the lives of people around the world.As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.How this opportunity is differentThis is an exciting opportunity for students to learn, contribute, and gain real world work experience in a collaborative environment. You will have the chance to learn more about Aon’s culture and businesses while developing practical skills necessary for future success and postgraduate opportunities. The program equips interns with an understanding of working in an environment dedicated to exceeding client expectations and delivering products and services distinct to unique client needs.What the day will look like

  • Involvement in actuarial valuations for funding purposes for pension plans;
  • Involvement in actuarial valuations for accounting purposes;
  • Involvement in the preparation of actuarial costings and projections;
  • Provide routine technical and analytical support to ensure the continuous efficient operation of our clients’ pension plan arrangements;
  • Read and interpret pension plan texts;
  • Year-end update of plan records, including the reconciliation of the membership, contributions and trust fund;
  • Completing government filings with pension regulators;
  • Calculate benefit entitlements and prepare option packages on retirement, termination, death and marriage breakdown;
  • Participating in internal seminars regarding current industry issues and technical training; and
  • Working with a variety of Excel-based actuarial tools.

Skills and experience that will lead to success

  • Good oral and written communication skills and ability to work in a team environment;
  • Thorough and good organizational skills;
  • Good knowledge of Excel and Word; and
  • Previous work experience or actuarial co-op experience in a consulting/insurance environment is an asset.

Education:

  • Students should be enrolled in Actuarial Sciences, Mathematics, Statistics or Business Administration; and
  • Applicants should preferably be in 2nd work term or above.

How we support our colleaguesIn addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work… and we are all for it. We call this Smart Working!Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email#LI-RD1#LI-Internship#LI-Hybrid 2550648

Aon – 16 Months Internship: Actuarial Intern, Retirement Consulting – Toronto, ON

Company: Aon

Location: Toronto, ON

Expected salary:

Job date: Fri, 10 Jan 2025 05:28:19 GMT

Job description: Job Description:*THIS IS A 16 MONTS INTERNSHIP*Do you have strong analytical skills and want to develop your skills in a changing professional environment? Aon is looking for Actuarial Intern, Retirement Consulting.This is a hybrid role with the flexibility to work both virtually and from our Toronto office.Available Location: TorontoDates: 16 monhts duration, exclusively from May 5th, 2025 to August 29th, 2026Applicants must be legally authorized to work in Canada. This role is not eligible for sponsorship, and we are unable to sponsor or take over sponsorship of an employment visa or work permit.Aon is in the business of better decisionsAt Aon, we shape decisions for the better to protect and enrich the lives of people around the world.As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.How this opportunity is differentThis is an exciting opportunity for students to learn, contribute, and gain real world work experience in a collaborative environment. You will have the chance to learn more about Aon’s culture and businesses while developing practical skills necessary for future success and postgraduate opportunities. The program equips interns with an understanding of working in an environment dedicated to exceeding client expectations and delivering products and services distinct to unique client needs.What the day will look like

  • Involvement in actuarial valuations for funding purposes for pension plans;
  • Involvement in actuarial valuations for accounting purposes;
  • Involvement in the preparation of actuarial costings and projections;
  • Provide routine technical and analytical support to ensure the continuous efficient operation of our clients’ pension plan arrangements;
  • Read and interpret pension plan texts;
  • Year-end update of plan records, including the reconciliation of the membership, contributions and trust fund;
  • Completing government filings with pension regulators;
  • Calculate benefit entitlements and prepare option packages on retirement, termination, death and marriage breakdown;
  • Participating in internal seminars regarding current industry issues and technical training; and
  • Working with a variety of Excel-based actuarial tools.

Skills and experience that will lead to success

  • Good oral and written communication skills and ability to work in a team environment;
  • Thorough and good organizational skills;
  • Good knowledge of Excel and Word; and
  • Previous work experience or actuarial co-op experience in a consulting/insurance environment is an asset.

Education:

  • Students should be enrolled in Actuarial Sciences, Mathematics, Statistics or Business Administration; and
  • Applicants should preferably be in 2nd work term or above.

How we support our colleaguesIn addition to our comprehensive benefits package, we encourage a diverse workforce. Plus, our agile, inclusive environment allows you to manage your wellbeing and work/life balance, ensuring you can be your best self at Aon. Furthermore, all colleagues enjoy two “Global Wellbeing Days” each year, encouraging you to take time to focus on yourself. We offer a variety of working style solutions, but we also recognise that flexibility goes beyond just the place of work… and we are all for it. We call this Smart Working!Our continuous learning culture inspires and equips you to learn, share and grow, helping you achieve your fullest potential. As a result, at Aon, you are more connected, more relevant, and more valued.Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.Aon provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, creed, sex, sexual orientation, gender identity, national origin, age, disability, veteran, marital, domestic partner status, or other legally protected status.We welcome applications from all and provide individuals with disabilities with reasonable adjustments to participate in the job application, interview process and to perform essential job functions once onboard. If you would like to learn more about the reasonable accommodations we provide, email#LI-RD1#LI-Internship#LI-Hybrid 2550650

Munich Re – Actuarial Co-op, Property & Casualty Pricing; 2025 Fall – Toronto, 8 months – Toronto, ON

Company: Munich Re

Location: Toronto, ON

Expected salary:

Job date: Thu, 09 Jan 2025 07:34:53 GMT

Job description: POSITION: Actuarial Co-op, Property & Casualty Pricing (2025 Fall – Toronto, 8 months)
LOCATION: Toronto, ON
DURATION: 8 Months
ANTICIPATED START DATE: September 2, 2025
NUMBER OF POSITIONS: 1
APPLICATION DEADLINE: January 24, 2025Together, 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.Our co-op placements provide you with an excellent opportunity to practically apply your classroom and technical training in the reinsurance industry. While with our team, you’ll be coached by experienced industry professionals, exposed to Munich Re leadership, challenged as a valuable team member and contributor doing meaningful work, and mentored to develop a solid foundation that will help position you as a future leader in the field.Munich Re is operating under a hybrid working model, including an average of 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. In addition, it is the responsibility of the candidate to ensure that they are legally entitled to work in Canada for the entire duration of their co-op work term at Munich Re.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:Risk Management

  • Assist in the Own Risk Solvency Assessment processes;
  • Assist with the Financial Condition Testing analyses and the assessment of an internal target ratio;
  • Support the preparation and quantification of quarterly risk report capital analyses of the primary and reinsurance units;
  • Support the operational risk and control assessment process;
  • Provide support in fulfilling regulatory and group reporting requirements;
  • 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.

Munich Re – Actuarial Co-op, Property & Casualty Risk; 2025 Summer – Toronto, 8 months – Toronto, ON

Company: Munich Re

Location: Toronto, ON

Expected salary:

Job date: Thu, 09 Jan 2025 06:41:55 GMT

Job description: POSITION: Actuarial Co-op, Property & Casualty Risk (2025 Summer – Toronto, 8 months)
LOCATION: Toronto, ON
DURATION: 8 Months
ANTICIPATED START DATE: May 5, 2025
NUMBER OF POSITIONS: 1
APPLICATION DEADLINE: January 24, 2025Together, 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.Our co-op placements provide you with an excellent opportunity to practically apply your classroom and technical training in the reinsurance industry. While with our team, you’ll be coached by experienced industry professionals, exposed to Munich Re leadership, challenged as a valuable team member and contributor doing meaningful work, and mentored to develop a solid foundation that will help position you as a future leader in the field.Munich Re is operating under a hybrid working model, including an average of 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. In addition, it is the responsibility of the candidate to ensure that they are legally entitled to work in Canada for the entire duration of their co-op work term at Munich Re.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:Risk Management

  • Assist in the Own Risk Solvency Assessment processes;
  • Assist with the Financial Condition Testing analyses and the assessment of an internal target ratio;
  • Support the preparation and quantification of quarterly risk report capital analyses of the primary and reinsurance units;
  • Support the operational risk and control assessment process;
  • Provide support in fulfilling regulatory and group reporting requirements;
  • 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.

Munich Re – Actuarial Associate, North America Model Development (Valuation) – Toronto, ON

Company: Munich Re

Location: Toronto, ON

Expected salary:

Job date: Thu, 26 Dec 2024 08:15:22 GMT

Job description: The Corporate Actuarial team is looking for an Actuarial Associate, North American Model Development (Valuation) for their Toronto office.You will develop and use leading-edge models designed for analysis and reporting for the Life & Health Reinsurance business in Canada and the US. You will regularly work with actuarial and non-actuarial teams such as the Pricing, Global Actuarial Consulting Group, Biometric Research, Enterprise Risk Management, Reinsurance Operations, and Business Transformation. You will have the opportunity to work on various lines of business: Individual Life, Disability Income, Critical Illness, Long Term Care, and Group; allowing for growth in product knowledge, risk exposure, and traditional and non-traditional reinsurance structures.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.Your Job:The successful candidate will assist with various model development initiatives within the North American Model Development team, which may include but is not limited to:

  • Design, implement, test, and quantify impacts of model enhancements, new Axis functionality, process improvements, and modeling changes required for financial reporting
  • Implement new treaties and other pricing based models into the valuation standard model. Analyze impacts to financial reporting as well as pricing metrics
  • Present technical modeling changes and financial results to Corporate Actuarial
  • Maintain the North American Valuation modeling standards and adapt to emerging industry best practices in model design, data & assumption management
  • Ensure models, processes and systems are fully documented and that control processes are completed each quarter under the risk control framework
  • Establish a clear understanding of corporate and departmental objectives
  • Collaborate with and support other departments such as Corporate Actuarial (Valuation Reporting), Pricing, ERM, Biometric Research, Reinsurance Operations, and Business Transformation as needed
  • Contribute to company-wide projects to enhance understanding and produce efficiencies

Your Profile:

  • University Degree in Actuarial Science, Finance, Statistics, or Mathematics.
  • Progression to ASA or ASA designation attained.
  • Experience with SQL server, AXIS and Datalink, Excel, Power Query/BI
  • Strong analytical, problem solving and organization skills.
  • Superior attention to detail and accuracy.
  • 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.
  • Flexibility and effectiveness working under tight timelines.
  • Demonstrated ability to adapt in a dynamic environment.

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

About Munich ReTogether, 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.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.

Manager – Pension and Benefits Actuarial Services – Toronto – EY – Toronto, ON

Company: EY

Location: Toronto, ON

Expected salary:

Job date: Thu, 26 Dec 2024 23:20:28 GMT

Job description: As a Manager, Pension & Benefits Actuarial Services, you will be a part of our People Advisory Services (PAS) – Reward practice. EY…. Your key responsibilities As a Manager, you’ll lead client engagements and opportunities for pension and/or benefits…