Senior Actuarial Analyst

  • 33461
  • Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Mar 21, 2018
Insurance
RESPONSIBILITIES
  • Analyze differences between current financial reporting standards and IFRS17 to identify methodology changes required and options available for different approaches under IFRS17.
  • Perform high level modeling and actuarial analysis to assess actuarial methodology options for IFRS17.
  • Participate in the enterprise-wide project to define data input requirements for IFRS17 and define the data, including assumptions and model results that must be stored in a data warehouse to enable to meet reporting, analysis and disclosure requirements for IFRS17.
  • Participate in enterprise-wide project to prepare models, reporting and analytics for IFRS17 reporting. Includes significant involvement in writing specifications for model changes and testing results produced by the Modeling Team.
  • Work with the AVP and the Model team to evaluate, recommend, and implement software solutions for IFRS17.
  • Support ongoing efforts to improve model governance and model risk management functions
  • Keep up to date with current and future financial reporting and solvency standards. Ensure, as appropriate, model and process convergence across entities, with emerging standards and future AXIS changes.
QUALIFICATIONS
  • At or near the Fellowship level in the Society of Actuaries with 3 or more years of experience in financial roles that would ideally include: Actuarial Model Development, Financial Reporting, Earnings by Source, Dynamic Capital Adequacy Testing. Experience defining actuarial policy or methodology would be an asset.
  • Experience working with various analytic systems. This would include the business modeling and valuation system (e.g. AXIS) and Microsoft Office software (e.g. Excel).
  • Must have the ability to present ideas, negotiate and consult through effective and clear communication with staff across multiple disciplines and at all levels, both internally and externally.
  • Highly self-motivated to research issues independently.
  • Ability to solve complex problems and to move a process from start to finish.
  • Strong knowledge of Canadian, U.S. and U.K. valuation and solvency regimes.
  • Strong knowledge of the financial services industry, including financial products: life insurance, annuities, segregated funds, mutual funds for both Canada and the U.S.
  • Knowledge of professional standards, laws, regulations and guidance issued by the Canadian Institute of Actuaries, the Society of Actuaries and the American Academy of Actuaries, including standards of practice and professional standards.
  • Strong time management skills and ability to multi-task and respond to evolving organizational needs.
  • Proven ability to influence, lead and obtain agreement from cross-functional team
  • Strong personal accountability. Results and impact oriented.
  • Excellent report writing and communications skills.
  • Outstanding professionalism and professional work ethic approach.