Associate Actuary

  • 38734
  • Life - Actuarial
  • |
  • Canada
  • |
  • Dec 15, 2020
Reinsurance
RESPONSIBILITIES
  • Perform pricing, modeling, analysis, and structuring activities on new or proposed transactions, or amendments to existing transactions, for the business unit in a timely manner consistent with applicable standards.
  • Assess and analyze risk exposure in potential transactions and prepare documentation of these risks in detailed pricing analysis reports.
  • Develop and maintain adequate and timely documentation of professional work that complies with relevant Actuarial Standards of Practice
  • Work with the marketing staff to determine client needs and objectives, understand and analyze client information, and design terms and structures of transactions to meet those needs and objectives.
  • Assist business development associates by building proof-of-concept models for new opportunities or new reinsurance solutions for our clients.
  • Perform peer review and technical review on the work of other actuaries.
  • Update documentation of pricing methodology, parameters, and procedures. Recommend, implement, and document enhancements to the pricing process.
  • Set realistic and achievable deadlines for modeling, analysis, and other new business development activities. Complete required tasks accurately within those deadlines. Drive the design of reinsurance transactions and lead discussions on risk issues with internal and external clients. Provide updates on ongoing progress to supervisor and other personnel.
  • Assist risk management personnel with transition of new treaties to in-force monitoring and management
  • Participate in key unit and ad-hoc department projects as needed.
QUALIFICATIONS
  • Bachelor's degree in math, finance, statistics, actuarial science, computer science or related field
  • FSA certification (or equivalent)
  • 6+ years of actuarial experience in life insurance/reinsurance
  • Demonstrated knowledge of life insurance, health insurance, longevity, and/or annuity products
  • Ability to take ownership in projects and drive them to completion
  • Experience with actuarial modeling software
  • Highly advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received
  • Highly advanced investigative, analytical, and problem-solving skills
  • Expert ability to balance detail with departmental goals/objectives
  • Advanced skills in customer relationship management and change management
  • Highly advanced ability to translate business needs and problems into viable/accepted solutions
  • Highly advanced ability to manage multiple projects and/or teams simultaneously
  • Highly advanced ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines
  • Highly advanced persuasion and negotiation skills when working with internal/external customers