Senior Specialist, Actuarial Services

  • 34593
  • Life - Other
  • |
  • Ontario, Canada
  • |
  • Jan 24, 2019
Other
RESPONSIBILITIES
  • Provide advice and guidance on an ongoing basis to assist on all matters related to actuarial valuation.
  • Prepare exhibits and tables required for the valuation.
  • Develop and maintain models required to perform the actuarial valuation.
  • Evaluate the policy liabilities of the mortgage insurance activities.
  • Provide interpretation, guidance and advice to resolve unusual, sensitive and/or precedent-setting situations and make recommendations for enhancement or innovation.
  • Maintain knowledge of current and emerging industry, economic, technical, social and political trends affecting housing finance and mortgage Insurance.
  • Prepare exhibits and tables required for stress testing, as well as regulatory and economic capital modelling.
  • Maintain models required to perform stress testing and determine economic capital for the policy liabilities of the mortgage insurance activities.
  • Prepare analysis and reports in support of the Dynamic Capital Adequacy Testing.
  • Provide advice and guidance on an ongoing basis to assist on all matters related to stress testing.
  • Provide calculations, analysis and reports related to actuarially determined elements of the financial statements and quarterly reports.
  • Assist in the development of the financial statement model used for the Corporate Plan and financial projections.
  • Understand the mortgage loan insurance data and access and manipulate it for modelling purposes.
  • Use various tools to extract information from various systems.
  • Enhanced models and analytics capacity supports better decisions making.
  • Robust risk models and/or automated systems and tools that enable strong risk management and fosters risk culture.
  • Effective model risk management reduces the potential for adverse consequences from decisions based on incorrect or misused model outputs and reports, strong model documentation and reporting to support good governance and mitigate model risk.
  • Well-designed user interface facilitates use by those with less modelling expertise.
  • Effective relationships with stakeholders, network, and model users.
  • Ensure policy liabilities provisioned for on the balance sheet are adequate and ultimately policyholders are well protected.
  • Assess if we are meeting our profit targets in the future.
  • Assess solvency i.e. do we have enough money to sustain a severe scenario.
  • Better compliance with OSFI.
QUALIFICATIONS
  • Undergraduate degree in a quantitative discipline such as statistics, actuarial sciences, mathematics or quantitative finance.
  • Associate or Fellow of the Canadian Institute of Actuaries, Casualty Actuarial Society and/or Society of Actuaries.
  • Minimum of seven years of related work experience.
  • Knowledge of actuarial / risk pricing techniques.
  • Knowledge of actuarial, accounting and financial analytical techniques and statistical methods.
  • Knowledge of quantitative and qualitative analysis.
  • Proficiency in computer-based actuarial/financial tools.
  • Strong oral and written communication and presentation skills.
  • Demonstrated problem-solving and decision-making skills.
  • High level of analytical, creative and conceptual skills.