• 33400
  • Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Mar 1, 2018
  • Advising senior actuary and other senior executives in the Company.
  • Providing independent actuarial analysis, expertise and reporting for the financial reporting, planning, capital adequacy and planning, risk management and risk reporting processes.
  • Reviewing and evaluating mortgage loan insurance (MLI) financial projection models.
  • Valuation of the MLI’s policy liabilities and advising senior management on asset/liability issues.
  • Ensuring that appropriate processes complying with actuarial standards and guidelines are followed.
  • Working closely with capital management and risk management to analyze stress testing results to establish the adequacy of MLI’s capital and capital planning under adverse conditions.
  • Perform the Dynamic Capital Adequacy Test.
  • Responding to ad-hoc modelling requests from other stakeholders.
  • Provide oversight on the design and pricing of mortgage loan insurance products.
  • Engaging staff to identify opportunities for improvement and determine whether recommendations to improve models and analytical tools will be implemented.
  • Maintaining and applying expert knowledge of best practices and recent advances in quantitative methods and actuarial techniques.
  • Leading the development of sustainable automated systems and tools and ensuring conformity to business specifications.
  • Providing direction and continuous progress oversight on new initiatives and advising clients, including members of senior management, of any issues arising.
  • Leveraging insights into industry analytical trends to ensure the use and deployment of strategic analytical tools, models and techniques used for data analysis and interpretation.
  • Strategizing with senior actuary and senior management and providing input into the development of business strategy and the management of risks.
  • Overseeing the implementation of system changes (analyze issues or opportunities, write submissions for management approval, define system specifications and test system changes).
  • Graduate degree or higher in a quantitative discipline such as actuarial science, finance mathematics, statistics.
  • Fellow of the Canadian Institute of Actuaries or actively working towards fellowship.
  • Minimum of eight years of experience in performing actuarial activities modelling, quantitative analytics, or data science at a bank, insurance company or other type of financial institution.
  • Three years of supervisory experience and proven leadership abilities.
  • Demonstrated ability to capture and synthesize information that allows for the development of actionable recommendations.
  • Solid understanding of mortgage insurance and mortgage finance risks and exposures.
  • Strong negotiation and networking skills to facilitate the oversight function.
  • Excellent understanding of Canada's financial sector and real estate markets.
  • Demonstrated ability to conduct rigorous analysis using critical thinking and judgment to resolve complex issues.