Associate Actuary

  • 34475
  • Non-Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Dec 14, 2018
  • |
  • Billingual (English & French)
Insurance
RESPONSIBILITIES
  • Liability Valuation, Occurrence Year Fee Setting, Financial Projection and Dynamic Capital Adequacy Testing, Other Actuarial Related Tasks.
  • Data preparation and validation for year-end and mid-year liability valuation.
  • Build actuarial models by cost component, by region.
  • Prepare supporting information for valuation report, such as exhibits, plots etc.
  • Periodical review of existing valuation process, including information produced, and propose and implement new or additional analysis if necessary.
  • Peer review actuarial work produced within the team.
  • Contribute leadership and technical expertise to year-end review and auditing.
  • Lead risk group analysis and validation.
  • When necessary, propose and implement new risk grouping.
  • Build actuarial models for new occurrence year cost projection.
  • Maintaining and improving the Macro used to produce supporting information for aggregate fees.
  • Producing Type of Work fees, and complete supporting template to support billing.
  • Preparation and automation of fee setting report.
  • Mid-to-long term balance sheet projection using tools built within actuarial service team.
  • Maintain and continue to improve the balance-sheet projection tools.
  • Prepare base scenario and calibrate stress scenarios for DCAT.
  • Support the annual DCAT scenario construction with necessary research work.
  • Implement potential automations for DCAT and all its supporting sub-process and components.
  • Motivate and mentor peers, provide trainings to subordinates.
  • Assist in the preparation of actuarial research and complex reports and studies
  • Presents findings and exhibits to peers.
  • Provide timely and quality assistance to Chief Actuary to fulfil Actuarial team’s responsibility.
  • Assisting in the preparation of presentation and other communication vehicles to delivery actuarial work product to Senior Management and Council.
  • Provide recommendations for and assist in the creation and maintenance of actuarial tools.
QUALIFICATIONS
  • Bachelor’s Degree required, preferably with a concentration in Actuarial Science, Mathematics, or Statistics.
  • Experience working with SAS and R preferred.
  • Understanding and working experience of GAAP accounting procedure and financial reporting practice considered an asset.
  • Bilingualism considered an asset.
  • ACAS designation required.
  • Minimum of seven years of insurance industry working experience, with at least 5 years of P&C experience.
  • Experience in coaching or mentoring teams and/or coordinating the work of others.
  • Ability to work independently and within a team environment.
  • Ability to meet tight deadlines and perform well under pressure.
  • Strong analytic and problem solving skills.
  • Strong sense of ownership and self-accountability.