Corporate Development Actuary

  • 36342
  • Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Nov 28, 2019
Insurance
RESPONSIBILITIES
  • Create, or supervise the creation of, the development of pricing models for each proposed transaction.
  • Analyze due diligence materials including Actuarial appraisals, Confidential Information memoranda, policy forms, Cash Flow Testing memoranda, and insurance liability cash flows; Reconcile modelled reserves and assets backing reserves and bridge adjusted net worth from actuarial appraisals to source financial statements.
  • Contribute to the development of key inputs and assumptions within transaction diligence and pricing models.
  • Lead the preparation of internal deal documents such as the Transaction Memorandum and materials for the management approval process.
  • Support senior team members as needed in all phases of a transaction process, from initial target identification through bidding, contract negotiation, closing and post- close refresh.
  • Assist senior team members with the regulatory filings and create presentations necessary for obtaining all internal and external approvals.
  • Support the documentation of internal controls and develop and implement policies and procedures to promote more rigorous transaction review; Support other process improvements which help to improve quality and effectiveness of Corporate Development deliverables.
  • Manage projects with appropriate oversight, collaborate with other business units, and maintain third party business relationships.
  • Research and be able to summarize and explain actuarial concepts and regulations; Stay abreast of capital market and insurance industry activities and trends.
  • Stay informed of proposed and newly implemented actuarial guidelines, relevant accounting pronouncements, risk-based capital factors, and other key issues which could impact deal valuation.
  • Work collaboratively with peers and manage or mentor less experienced staff.
  • Peer review work product created by others in the Corporate Development department.
QUALIFICATIONS
  • Bachelor’s degree in Mathematics, Finance or related field.
  • 6+ years of experience in the life insurance or reinsurance industry or investment banking background with significant experience in the financial services / insurance sector.
  • Experience with financial analysis of annuities and/or life insurance.
  • Career Associate of the Society of Actuaries or FSA designation preferred; in absence of an actuarial designation, strong consideration given to candidates who have a CFA, CPA or similar designation.
  • Strong attention to detail and the ability to prioritize and manage several projects.
  • Demonstrated leadership qualities.
  • Strong written and verbal communication skills.
  • Understanding of statutory and GAAP accounting.
  • Some travel will be required.
  • Advanced user of Microsoft Excel, with the ability to embed good organization and high levels of flexibility and auditability in large projects.