Corporate Actuarial Manager

  • 37075
  • Non-Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Mar 18, 2020
  • Oversee the scheduling, preparation and production of policy liability estimates, including the data collection from both internal and external information sources.
  • Clearly communicate loss reserve analysis results to VP, Reserving, the Appointed Actuary and the Chief Actuary and support them in sharing results with the Executive Leadership team.
  • Act as the key contact regarding policy liability estimation of the company and its insurance subsidiaries.
  • Provide leadership and guidance, technical instructions and ongoing feedback to direct reports regarding performance, productivity, work quality, personal conduct and adherence to corporate policies and procedures.
  • Implement changes required to the Reserving and Reporting processes for the implementation of IFRS 17.
  • Recommend and implements enhancements to the policy liability estimation and reporting process to improve process efficiencies, model parametrization, and the ability to quickly parse the change in profitability into terms of loss experience, assumption changes and methodology changes.
  • Ensure that all analyses, reports and documentation are compliant with internal company policies and regulatory requirements.
  • Assists, where necessary, in special corporate strategic projects such as demutualization, mergers & acquisitions, etc.
  • University Degree in Actuarial Science or a relevant discipline.
  • Must have successfully achieved Fellowship in the Casualty Actuarial Society or other equivalent actuarial societies.
  • Must have at least 5 years of relevant full-time reserving experience.
  • Must have good project management skills such as communication and organizational skills and an ability to promote and supervise a team effort toward project completion.
  • Must have a strong understanding of Property & Casualty loss reserving methodologies and profitability metrics.
  • Must have a good understanding of financial statements and must be able to understand how loss reserve analyses impacts internal/external financial reports.
  • Must be able to stay current with regulatory reporting requirements and ensure that ensure loss reserve analyses and reports are in compliance.
  • Must possess strong knowledge of Microsoft applications and good programming and design skills in various forms of data manipulation and analytical software. A good/strong working knowledge of the following software packages would be an asset: Visual Basic for Applications, SAS, and ResQ.
  • Must possess strong working knowledge of Canadian Accounting and Actuarial requirements.