Actuary/ Actuarial Associate

  • 36960
  • Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Mar 9, 2020
Reinsurance
RESPONSIBILITIES
  • Perform detailed reviews of current valuation models and processes spanning all markets and lines of business across Canada and the US.
  • Quantify and explain impacts of model changes, new AXIS functionality, and new data under three reserving bases.
  • Ensures model design is efficient, consistent, and easy to update and understand for new users.
  • Propose and implement model enhancements based on improved approaches or new functionality.
  • Design and implement scaling approach for living benefit models.
  • Design reports in AXIS or PowerBI.
  • Perform reconciliations and identify inconsistencies in the models.
  • Develop controls to ensure accurate calculations within the new AXIS models and a controlled framework for model and assumption changes.
  • Provide support for ancillary tasks related to the new valuation environment.
  • Support the creation of the new model documentation.
  • Work with downstream users in Corporate Actuarial and other departments to ensure reporting requirements are met.
  • Support ad-hoc requests from the data team, pricing and other departments.
  • Build consistent assumption tables under the new design philosophy using advanced SQL tools.
  • Convert and improve data processing logic from SQL and AXIS models.
  • Implement new business treaties in valuation models and explain any change in results relative to pricing modeling.
  • Work with Pricing and Operations to design and implement a streamlined approach for setting up new treaties.
  • Contributes to company-wide projects to enhance understanding and evaluation of impacts and preparation of models, reporting and systems for IFRS17 reporting.
  • Ensures models, processes and systems used for financial reporting are state of the art and fully documented.
  • Presents results and recommends model improvements to management.
  • Builds strong relationships with other departments, maintains regular communication, identifies opportunities for improvement and successfully addresses issues as they arise.
QUALIFICATIONS
  • University Degree in Actuarial Science, Finance, Statistics, or Mathematics.
  • FSA/FCIA or progressing towards.
  • 2+ years of experience in the Canadian Life and Health insurance/reinsurance industry.
  • Strong problem solving and organization skills.
  • Strong communication, interpersonal and influencing skills across all levels of the organization.
  • Ability to establish and maintain good working relationships with other departments.
  • Demonstrated flexibility and effectiveness working under tight timelines.
  • Demonstrated ability to adapt in a dynamic environment.
  • Strong analytical and financial modeling skills. Comfortable working with fairly complex calculations.
  • Project management skills and experience.
  • Superior attention to detail and accuracy.
  • Advanced Excel, Word, and Access.
  • Experience with SQL server is an asset.
  • Experience with AXIS and Datalink.