Director Corporate Actuarial

  • 36734
  • Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Dec 2, 2019
Insurance
RESPONSIBILITIES
  • Lead and support the formulation of business requirements for the corporate team’s deliveries to the board and OSFI, and the data thereof:
  • Consider the current reporting requirements as well as the IFRS 17 analysis that OSFI are likely to require, taking account of relevant statements made by OSFI and other regulators.
  • Consider the requirements of the Appointed Actuary’s reports, and any other regular and key external reporting activities such as submissions to rating agencies or investors.
  • Compare the identified data requirements to the existing interpretation of what is currently provided or will be requested for the IFRS 17 Chart of Accounts, then deliver a gap analysis setting out the additional data requirements.
  • Lead the design and implementation of internal controls over the new process.
  • Consider processes used to validate the accuracy of results, to evidence the relevant audit trail and to analyze the movements between periods and track the drivers of changes.
  • Consider new best-practice processes and controls together with the processes and controls already performed for current reporting,
  • Determine the model & system developments which may be needed to support the additional disclosures. Support the development of the relevant analysis toolkit.
  • Provide guidance on the prioritization of the data requirements, considering the complexity of the requirements, the ease with which data may be available to the business units, and the likely significance of the required data.
QUALIFICATIONS
  • Fellow of the Canadian Institute of Actuaries, or equivalent.
  • Excellent understanding of financial reporting controls.
  • Experience of designing, planning and implementing process changes in financial reporting.
  • Prior excellency in managing complex process changes.
  • Prior technical actuarial valuation and reporting or actuarial systems experience.
  • Perseverance.
  • Excellent communication.
  • Ability to listen.
  • Ability to cooperate and persuade.
  • Experience of working with multidisciplinary teams.