Actuary, Pricing

  • 34527
  • Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • 5 days ago
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.
  • MAAA/FCIA or other local actuarial organization accreditation preferred.
  • Advanced quantitative degree or designation preferred.
  • Reinsurance industry experience preferred.
  • Merger and acquisition experience preferred.
  • Product design / pricing experience OR ALM / risk management experience preferred.
  • 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.
  • Advanced knowledge of key financial reporting, accounting, and solvency regimes, US GAAP, US Statutory, and US tax; IFRS; MCEV / EV / EEV; and Solvency II. preferred.
  • Advanced ability to model various insurance products and reinsurance structures preferred.
  • Advanced knowledge of life insurance, health insurance, longevity, and/or annuity products preferred.
  • Advanced PC and technical skills including: spreadsheets, database applications, statistical programs, and one or more computing languages preferred.
  • Expertise in AXIS, Prophet and/or MoSes preferred.
  • Ability to challenge and enhance our analytical capabilities preferred.
  • Understanding of asset modeling and ALM techniques, including derivatives, and capital markets approaches preferred.