Senior Actuarial Analyst

  • 39082
  • Non-Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Feb 9, 2021
Insurance
RESPONSIBILITIES
  • Collaborate with other departments and engage key stakeholders to collect information for Economic Capital Modeling updates and new initiatives.
  • Prepare model inputs, assumptions, and parameter calibration for Economic Capital Modeling on a regular basis.
  • Validate model results and management reports and support implementation of Economic Capital Modeling in ORSA
  • Research and develop new modeling functionalities and methodologies.
  • Produce and communicate Economic Capital Modeling reports with relevant stakeholders.
  • Take initiative in reporting enhancements and productivity improvements.
  • Support other capital management and Corporate Actuarial projects as needed.
  • Support Manager - Strategic Risk, during busy periods and work on Financial Condition Testing, budget balance sheet support, reinsurance support, exposure data management and Cat monitoring reports
  • Develop knowledge of actuarial operations and the insurance business, such as reserving, underwriting, claims -handling, pricing, product development, and financial planning.
  • Develop knowledge of the investment portfolios and key sources of market and credit risk.
  • Leverage professional experience with spreadsheets, databases, and statistical software to collect, compile, categorize, and report data used in Economic Capital Modeling and related analysis.
  • Perform analysis on relevant data sources to come up with reasonable modeling assumptions, parameters, and update Economic Capital Modeling in a timely fashion.
  • Produce data exhibits, analyses, and reports relating to measuring, tracking, and monitoring the company’s capital status.
  • Research and communicate Economic Capital Modeling concepts, and make recommendations to management both verbally and in writing with supporting documentation.
  • Develop bespoke risk analyses, scenario tests, and solutions upon request.
  • Develop and maintain related ECM documentation.
QUALIFICATIONS
  • Bachelor’s degree in an analytical field of study (Actuarial Science, Mathematics, Statistics, or other related fields). Master’s degree considered an asset.
  • Completion of 5 exams (minimum) of the Casualty Actuarial Society
  • 3-5 years of relevant full-time experience; experience of capital modeling is preferred
  • Team player and able to work with multiple stakeholders. Also able to take initiative and work independently at times on ad-hoc projects.
  • Must have strong communication, organization, problem-solving and financial reporting skills.
  • Must be a self-starter and able to explain technical concepts to non-technical personnel.
  • Very strong technical computing skills particularly in the use of Microsoft Excel (incl. VBA). Strong knowledge of other Microsoft applications (Word, PowerPoint, Access, etc.).
  • SQL database/programming skills and knowledge of statistical modeling software (e.g. SAS) considered an asset.
  • Experience with stochastic capital modeling software considered an asset.