Senior Actuarial Associate

  • 35617
  • Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Aug 12, 2019
Insurance Organization
RESPONSIBILITIES
  • Participate as a member of a number of ongoing or special project teams, as assigned by Management of Actuarial Services, functioning in a technical capacity for some assignments or as project co-ordinator in others
  • Assisting in the research of new and adjustment of existing actuarial models
  • Compiling and validating data, executing model, analyzing and preparing results for assessment by Actuarial Management, Executive Director and Chief Actuary
  • Participate in meetings, presentations and information sessions with internal and external clients
  • Work on one or more of the following major actuarial projects: classification and pricing, valuation of liabilities, projection of financial position, experience rating
  • Provide support and participate in claims experience, mortality, termination and occupational disease studies - research, create actuarial models and analyze claims experience
  • Prepare valuation of liabilities for employers
  • Provide claims details files; prepare year-end valuation calculations of liabilities and provide detailed summaries.
  • Work with Internal/ External Auditors - provide year end valuation results, models and assumptions used in benefit liabilities calculations; provide support to auditor to complete sign off of the annual audit and assist in all audit requests
  • Generate net average earnings tables for Operations’ benefit payment system
  • Determine indexation of benefits
  • Analyze claims experience
  • Prepare report
  • Co-ordinate information requests
  • Perform funding and costing exercises to convey impacts of potential legislative amendments under the supervision of Actuarial Management for both the Ministry of Labour and Ministry of Finance
  • Maintain and update company’s actuarial systems to reflect legislative, policy or operational changes. Liaise with IS staff in developing system and data requirements for changes and/or enhancements for information retrieval and report generation
  • Liaise with staff in other areas to obtain accurate and adequate information and facilitate effective interactions on matters requiring actuarial knowledge and expertise.
  • Liaise with various external agencies including insurance boards, government agencies, insurance groups and organizations as well as external stakeholders such as employers and industry associations.
  • Respond to requests for reports, information or explanations on actuarial matters and obtain data required to conduct actuarial analyses
  • Perform other related duties as assigned or required
QUALIFICATIONS
  • University degree in mathematics or actuarial science or business
  • 3 years of actuarial experience
  • Associate of the Society of Actuaries (ASA) or Associate of the Casualty Actuarial Society (ACAS)