Actuary, Pricing

  • 34438
  • Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Dec 7, 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.
  • Assess 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.
  • Assist business development associates by building proof-of-concept models for new opportunities or new reinsurance solutions for our clients.
  • Perform peer review on the work of other actuaries.
  • Update documentation of Global Financial Solutions pricing methodology, parameters, and procedures. Recommend, implement, and document enhancements to the pricing process.
  • Set realistic and achievable deadlines for modeling, risk analysis, and other new business development activities. Complete required tasks accurately within those deadlines. Drive the design of reinsurance transactions and lead discussions on risk issues with internal and external clients. Provide updates on ongoing progress to supervisor and other Global Financial Solutions personnel.
  • 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.
  • 7+ years of actuarial experience in Life Insurance/Reinsurance.
  • Preferred: MAAA/FCIA or other local actuarial organization accreditation.
  • 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.
  • Highly advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received.
  • Highly advanced investigative, analytical and problem solving skills.
  • Expert ability to balance detail with departmental goals/objectives.
  • Advanced skills in customer relationship management and change management.
  • Highly advanced ability to translate business needs and problems into viable/accepted solutions.
  • Highly advanced ability to manage multiple projects and/or teams simultaneously.
  • Highly advanced ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines.
  • Highly advanced persuasion and negotiation skills when working with internal/external customers.
  • Preferred: Advanced knowledge of key financial reporting, accounting, and solvency regimes, including: US GAAP, US Statutory, and US tax; IFRS; MCEV / EV / EEV; and Solvency II.
  • Advanced ability to model various insurance products and reinsurance structures.
  • Advanced knowledge of life insurance, health insurance, longevity, and/or annuity products.
  • Advanced PC and technical skills including: spreadsheets, database applications, statistical programs, and one or more computing languages.
  • Expertise in AXIS, Prophet and/or MoSes.
  • Ability to challenge and enhance our analytical capabilities.
  • Understanding of asset modeling and ALM techniques, including derivatives, and capital markets approaches.