Actuarial Model Actuary

  • 37781
  • Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Jul 22, 2020
  • Research, design, develop, test and implement IFRS actuarial models for various lines of business using current best practice for models.
  • Coding in GGY AXIS including transfer of data from the administration systems through Datalink, and optimization of the setup of AXIS cells and AXIS production runs.
  • Provide direction and guidance on finalizing IFRS 17 policy decisions through testing of actuarial models.
  • Develop, test and implement processes for the flow of data between the administration systems, the valuation systems, and financial reporting systems, including validation for accuracy.
  • Work closely with IT to communicate data requirements and resolve issues, if any.
  • Support ongoing efforts to improve model governance and model risk management functions.
  • Keep up to date model documentation, procedures and process on work performed.
  • Maintain actuarial models up to date with new standards of practice, regular updating of assumptions, new products and system enhancements.
  • Bachelor’s degree and five years related experience.
  • Canadian Actuarial designation or equivalent designation preferred.
  • Proficiency in actuarial software, AXIS/Datalink, Excel, MS Access and familiar with VBA.
  • In-depth understanding of Canadian life insurance financial reporting and financial statements.
  • A good understanding of IFRS17 would be an asset.
  • You have an innovative mindset to improve operational efficiencies and ability to influence change, with a primary focus on client needs.
  • You use critical thinking skills to recognize assumptions, evaluate arguments, draw conclusions and proactively propose solutions.
  • You have strong communication skills to clearly convey messages and explore diverse points of view.
  • You build trusting relationships and provide guidance to support the development of colleagues.