Reserving Manager

  • 33272
  • Non-Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Jan 30, 2018
  • Accountable for adequacy of policy liability provisions for West and Atlantic Auto
  • Provide transparent, timely and insightful communication of quarterly valuation results and monthly projections
  • Quarterly reserve review and collaborate with Claims team to identify areas of concerns and key drivers of the results
  • Quarterly delivery of reconciled data to other Reserving Managers for Reserve Review purposes
  • Quarterly review and preparation of bookings for IBNR allocation to the legal entities and regions
  • Annual preparation of the Actuary’s Report for all legal entities
  • Liaise with external peer reviewers and auditors for year-end related inquires
  • Support Finance for successful delivery of monthly financial packages and quarterly regulatory reporting
  • Annual and ad-hoc data extraction and preparation for use by the Economic Capital Modeling team
  • Collaborate with Reinsurance area on commutations, assumed and ceded IBNR analysis
  • Improve reserving data efficiency and quality
  • Provide regular performance feedback and ensure career development plans in place for all employees
  • Accountable for employee engagement and ensure sufficient depth of talent for succession and coverage
  • B.Math/Actuarial Science
  • Near Fellow (FCAS) or Associate of the Casualty Actuarial Society (ACAS)
  • Five years actuarial experience
  • Strong knowledge of CIA Standards of Practice, Canadian IFRS and regulatory requirements
  • Good knowledge of actuarial reserving, process control techniques and insurance company operations and products
  • Ability to present and explain complex technical issues to Actuaries and non-Actuaries
  • Strong analytical skills
  • Fundamentals of data management
  • Ability to lead and develop employees through hiring, technical growth and performance management