Actuarial Analyst III GI Reinsurance
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Job Summary
Work Location:
Montréal Quebec CanadaHours:
35Line of Business:
Data & AnalyticsPay Details:
100 000 $/$100000 - 130 000 $/$130000 CADTD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidates skills and experience job-related knowledge geographic location and other specific business and organizational needs.
As a candidate you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.
Job Description:
Department Overview
The GI Reinsurance department is responsible for ensuring insurance risk is appropriately mitigated by putting in place and manage the reinsurance structures in line with TD Insurances risk appetite. The team also evaluates actuarial reserves and the ultimate cost of catastrophic loss events and provides periodic financial reporting of reinsurancerelated results.
Key Responsibilities
Participate in execution of reinsurances monthly financial reporting including the monthly analysis and evaluation of amounts recoverable from reinsurers. Work with corporate actuarial and finance on any issues that arise
Participate in the annual reinsurance treaty and renewal process planning and execution of Catastrophic Bonds review reinsurance strategy and coordinate communications with reinsurance brokers and TD Global Counterparty Credit
Participate in the forecasting of losses as part of budget planning and periodic follow ups by coordinating timing of inputs and outputs with partners such as Corporate Actuarial Pricing and Finance
Develop and participate in projects or responses to ad-hoc requests (ex.: Climate change risk accumulation catastrophic scenarios by peril analysis)
Ensure maintenance of controls policies and procedures while rigorously applying governance principles including SOX and EUC controls audit requirements and model validation processes
Develop partnerships with the Claims department to deepen understanding of the claim lifecycle and to establish effective monitoring processes.
Work independently with internal control partners including Audit E&Y and Risk Management
Contribute to the development of actuarial and analytical capabilities through mentorship training session and coaching.
Inform internal partners about reinsurance strategies share knowledge and best practices and support cross functional collaboration
Requirements
Undergraduate degree in actuarial science or another quantitative field
Working toward designation of Casualty Actuarial Society (ACAS or FCAS)
5 years of relevant experience
Strong computer and programming skills (Excel VBA R Python)
Role also requires a strong understanding of business strategies and behavior finance and the (re)insurance industry
Knowledge of financial and accounting concepts
Client-oriented and superior communication skills
Bilingual
Known for the quality of his/her work product strong attention to details and rigor
Adapts quickly to new work environment
Strong planning skills
Analytical mindset team spirit innovative
Who We Are:
As part of TD Bank Group one of Canadas largest financial institutions at TD Insurance we care for Canadian families making it easy to get the best advice protection and support in their moments of need always.
TD Insurance offers a wide range of products including General Insurance and Life and Health. Everyday we strive to make every interaction product and experience remarkably human and refreshingly simple for more than four million customers who count on us.
Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial physical and mental well-being goals. Total Rewards at TD includes a base salary variable compensation and several other key plans such as health and well-being benefits savings and retirement programs paid time off banking benefits and discounts career development and reward and recognition programs. Learn more
Additional Information:
Were delighted that youre considering building a career with TD. Through regular development conversations training programs and a competitive benefits plan were committed to providing the support our colleagues need to thrive both at work and at home.
Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations requirements.
Colleague Development
If youre interested in a specific career path or are looking to build certain skills we want to help you succeed. Youll have regular career development and performance conversations with your manager as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.
If youre passionate about helping clients and building deep lasting relationships TD offers diverse career paths where you can grow your expertise and make a meaningful impact.
Were committed to your success and foster a respectful workplace where diverse perspectives are valued everyone has fair opportunities to grow and you can unlock your full potential to achieve your career goals. Here at TD we hire and develop the best.
Training & Onboarding
We will provide training and onboarding sessions to ensure that youve got everything you need to succeed in your new role.
Interview Process
Well reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.
Accommodation
Your accessibility is important to us. Please let us know if youd like accommodations (including accessible meeting rooms captioning for virtual interviews etc.) to help us remove barriers so that you can participate throughout the interview process.
We look forward to hearing from you!
Language Requirement (Quebec only):
Maîtrise dune langue autre que le français pour offrir du soutien ou traiter avec des employés ou des collègues qui ont besoin de services et de soutien dans une langue autre que le français.Required Experience:
IC
