Senior Actuarial Analyst

  • 33001
  • Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Oct 25, 2017
Other
RESPONSIBILITIES
  • Modelling the impacts that IFRS 17 will have on our insurance contracts.
  • Working through additional elements of IFRS 17, including: determining the risk adjustment, discount rates, fulfillment cash flows, etc.
  • Assessing impacts and advising on capital requirements, pricing, and product development.
  • Engaging with information technology specialists with respect to implementation of new applications required for the business to operationalize IFRS 17.
  • Advising and making recommendations to the IFRS 17 Project lead and/or the Senior Actuary.
  • Collaborating with other sectors/divisions, including: Insurance, Risk, Financial Reporting, and Information Technology.
  • Providing status updates to the project manager.
  • Preparing briefing notes and correspondence in response to requests and problems.
QUALIFICATIONS
  • Bachelor’s degree in Actuarial Science and five (5) to ten (10) years’ experience in a financial industry in risk assessment.
  • Associate or Fellow of the Canadian Institute of Actuaries, Society of Actuaries, or significant progress toward achieving membership.
  • Understanding of mortgage insurance operations and processes: underwriting, claims processing;
  • Knowledge of actuarial/risk pricing techniques;
  • Knowledge of actuarial, accounting and financial analytical techniques and statistical methods;
  • Knowledge of quantitative and qualitative analysis;
  • Strong ability to make proficient use of computer-based actuarial/financial tools (in particular SAS and MS Office products and Actuarial software);
  • General knowledge of the business, mandate and objectives
  • Solid communication skills - verbal, written and presentation;
  • High level of analytical, creative and conceptual skills;
  • Demonstrated planning skills and the ability to synthesize data;
  • Demonstrated ability to work independently and in a team environment.
  • Demonstrated organizational skills and the ability to undertake and complete multiple concurrent tasks.
  • Demonstrated problem solving and decision-making skills.
  • Knowledge of mortgage financing is an asset.