Director

  • 38477
  • Non-Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Nov 2, 2020
Insurance
RESPONSIBILITIES
  • Leads the reserve valuation on a quarterly basis and makes recommendations with respect to changes.
  • Owns the preparation of a quarterly reporting package to the Senior Management and the Board that provides information on company reserve position including recommendations with respect to changes.
  • Leads the annual financial condition testing and actuarial forecasting for corporate budgeting and business planning.
  • Collaborates with key stakeholders in capital planning and stress testing.
  • Leads and oversees the reporting process around actuarial aspects of financial and regulatory reporting.
  • Partners with key stakeholders to contribute to a shared understanding of past financial performance, changes in the business operations, and develop insights into future performance and the business plan.
  • Collaborates with other members of the Corporate Actuarial team to continuously enhance actuarial oversight practices and achieve Corporate Actuarial objectives.
  • Contributes meaningfully at relevant management committees.
  • Remains up to date on all regulatory and legal actions/decisions affecting insurance company operations in general and the corporate actuarial group specifically.
  • Provides leadership to attract/retain high quality talent, including appropriate employee communication, sound structure/processes to ensure that employees are maximized to their full potential while contributing to the achievement of company’s goals.
  • Oversee, manage and coach an engaged and effective Corporate Actuarial team through employee development, performance management, and succession planning, in order to ensure that the work environment is respectful, challenging, and rewarding.
  • Develop and champion initiatives within the Director’s sphere of influence that support the strategic goals of the Corporate Actuarial team and the organization.
  • Perform other duties as assigned.
QUALIFICATIONS
  • A minimum of 10 years’ property and casualty actuarial experience, with three years in a leadership role.
  • Degree in Actuarial Science, Math, Statistics, Finance or a related field.
  • Fellow of the Canadian Institute of Actuaries and Fellow of the Casualty Actuarial Society designations are required.
  • Experience working in a corporate actuarial function, with advanced knowledge of reserving techniques.
  • Extensive knowledge of current insurance actuarial techniques. the Property Casualty insurance industry and insurance operations in general.
  • Excellent leadership skills with the ability to build and develop strong teams, gain respect, credibility and confidence from others.
  • Strong business acumen with excellent analytical and problem-solving skills, with the ability to recognize and identify critical issues.
  • Excellent interpersonal, presentation and communication skills with the ability to effectively convey complex ideas in a simple, persuasive and eloquent manner.
  • Comfortable confronting difficult issues and diplomatic in delivery of challenging messages.
  • Ability to establish and maintain good working relationships with other departments.
  • Ability to make excellent and well justified decisions in complex and high-pressure situations.
  • Superior attention to detail and accuracy.