Associate Actuary

  • 33386
  • Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Feb 27, 2018
Reinsurance
RESPONSIBILITIES
  • Perform pricing, modeling, risk analysis, and structuring activities on new or proposed transactions, or amendments to existing transactions, for the Global Financial Solutions business unit in a timely manner consistent with applicable standards.
  • Access and analyze risk exposure in potential transactions and prepare documentation of these risks in detailed risk analysis reports.
  • Develop and maintain adequate and timely documentation of personal work that complies with relevant ASOPs.
  • Work with the marketing staff to determine client needs and objectives, understand and analyze client information, and design terms and structures of transactions to meet those needs and objectives.
  • Perform peer review on the work of other actuaries.
  • Assist risk management personnel with monitoring experience of in-force treaties
  • Participate in key unit and ad-hoc department projects as needed.
QUALIFICATIONS
  • Bachelor's degree in Math, Finance, Statistics, Actuarial Science, Computer Science or related field
  • FSA Certification and 6+ year’s actuarial experience in Life Insurance, annuities and/or reinsurance
  • OR
  • ASA accreditation and 10+ years of actuarial experience in Life Insurance, annuities, and/or reinsurance
  • MAAA/FCIA or other local actuarial organization accreditation. Preferred.
  • Advanced quantitative degree or designation.
  • Reinsurance industry experience.
  • Merger and acquisition experience.
  • Product design / pricing experience OR ALM / risk management experience.
  • Financial reinsurance, asset-intensive, or longevity pricing experience.
  • Demonstrated knowledge of life insurance, health insurance, longevity, and/or annuity products.
  • Ability to take ownership in projects and drive them to completion.
  • Experience with actuarial modeling software.
  • Ability to quickly adapt to new methods, work under tight deadlines and stressful conditions.
  • Advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received.
  • Advanced investigative, analytical and problem solving skills.
  • Ability to work well within a team environment, participate in department/team projects and balance detail with -departmental objectives.
  • Advanced ability to manage multiple projects and/or teams simultaneously.
  • Advanced ability to liaise with individuals across a wide variety of operational, functional and technical disciplines.
  • Advanced ability to translate business needs and problems into viable/accepted solutions.
  • Advanced skills in customer relationship management and change management.
  • Ability to resolve conflict and foster teamwork.
  • Broad business knowledge.
  • Advanced persuasion and negotiating skills when working with internal/external customers.
  • Advanced knowledge of key financial reporting, accounting, and solvency regimes and Solvency II.
  • Advanced ability to model various insurance products and reinsurance structures.
  • Advanced knowledge of US life insurance, health insurance, longevity, and/or annuity products.
  • Advanced PC and technical skills including (but not limited to): spreadsheets (VBA), database applications (Access, Oracle, SQL or equivalent technology), statistical programs, and one or more computing languages (ex: C/C++)
  • Expertise in MoSes, TAS10, TAS9.5, and/or AXIS.
  • Ability to challenge and enhance our analytical capabilities.
  • Understanding of asset modeling and ALM techniques, including derivatives, and capital markets approaches.