Actuarial Analyst II

  • 37741
  • Non-Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Jul 15, 2020
Insurance
RESPONSIBILITIES
  • Maintain, develop and implement the internal model for calibrating economic capital requirements for the company’s legal entities
  • Ensuring regulatory compliance with OSFI’s Guideline E-19: Own Risk and Solvency Assessment (“ORSA”).
  • Support the company’s economic capital modelling.
  • Maintain, develop and implement the company’s financial conditional testing model with justification of the base scenario, identification of risks/threatens, calibration of adverse scenarios, etc.
  • Ensure compliance with Canadian ASOP and OSFI’s Annual Memorandum to the Appointed Actuary.
  • Other Stress Tests
  • Support the execution of the company’s stress testing program: Enterprise Wide Stress Testing (“EWST”) and Macro Stress Testing (“MST”) by testing the capital/profit impact on company under determined stressed scenarios.
  • Support OSFI’s Standardized Stress Testing (“SST”) when required.
  • Ensure compliance with OSFI Guideline E-18.
  • Provide recommendations on the internal target capital ratios for the company’s legal entities based on the ECAP, DCAT, and other stress testing analysis
  • Ensure regulatory compliance with OSFI’s Guideline A-4.
  • Prepare and maintain results presentation decks and provide solid support on results justification and explanation.
  • Prepare, validate and on-time delivery of DCAT reports.
  • Support and guarantee the on-time delivery of DCAT external peer review reports.
  • Review and validate ORSA report.
  • Ensure compliance with OSFI’s Guideline E-15.
  • Ensure an adequate level of governance, peer review, and challenge of the modelling process:
  • Challenge from senior executives, working groups, company risk committee and risk capital committee on model results and key assumptions
  • Review and challenge from external peer reviewer
  • Review and challenge from the company Model Validation and Model Risk Management
  • Challenge from the company Risk Management and Audit functions
  • Lead the implementation of best practices, risk mitigation, risk controls as well as processes, policies and procedures for the group, as well as other miscellaneous activities.
QUALIFICATIONS
  • Bachelor degree in Actuarial science, or other quantitative area of study.
  • Acquired or working towards Associateship with the Casualty Actuarial Society, Canadian Institute of Actuaries or equivalent.
  • Minimum 2 years of Property & Casualty actuarial experience.
  • Stands out for his/her judgment and analytical mind.
  • Has strong problem-solving skills.
  • Skilled at anticipating the results of an analysis or a report.
  • Recognized for his/her thoroughness and the quality of his/her work.
  • Shows initiative, creativity and critical thinking in his/her work.
  • Has work experience with MS Excel(VBA), programming languages (eg. R/SAS/Python); capital modelling experience is an asset.
  • Ability to make good decisions quickly when the situation so requires
  • Ability to communicate effectively in English, both verbally and in writing. French is an asset.
  • Highly adaptable for having discussions with different stakeholders in terms of expertise, training and hierarchical position.
  • Ability to work effectively during periods of stress.
  • Ability to collaborate and build positive relationships with business partners.
  • Autonomous and perseverant.