Actuarial Analyst or Senior Actuarial Analyst, Corporate Actuarial
Actuarial Analyst or Senior Actuarial Analyst, Corporate Actuarial
Posted on :
13-05-2025
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1 Vacancy
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Job Description
Career Opportunity
Role Title
Actuarial Analyst or Senior Actuarial Analyst Corporate ActuarialPurpose of role
An exciting development opportunity exists within Corporate Actuarial for a successful and motivated individual on their path to Fellowship in the Society of Actuaries (SOA) and Canadian Institute of Actuaries (CIA).The Actuarial Student will be working closely with actuarial staff in a dynamic and challenging environment. As part of the Corporate Actuarial team you will develop and utilize advanced analytics tools to drive insight into experience support the consolidated Canadian IFRS valuation processes as well as other project work in support of the Appointed Actuary function. They will also be capable of developing process improvements and other enhancements in partnership with the rest of the team to enhance the capabilities of the Corporate Actuarial team. The incumbent will gain exposure across a wide range of actuarial disciplines for business in both Canada and the U.S.
The incumbent would be enrolled in our Actuarial Student Program which provides exam support and work experience opportunities that are essential for attaining fellowship.
Job Description
Key Responsibilities/Accountabilities
- Conduct experience studies (e.g. mortality lapse expense and other studies) and lead the analysis for setting of actuarial assumptions and the development and maintenance of the actuarial assumption database.
- Support quarterly IFRS17 reporting activities including but not limited to liability data and asset data loading valuation assumption changes Risk Integrity reporting project setup and processing MD&A earning analysis audit requirements Appointed Actuary Report (AAR) and OSFI life returns filing.
- Construct and maintain an actuarial risk dashboard for all product lines through indepth analysis of data and a thorough understanding of the risk profile and product demographics.
- Communicate results of experience study analysis to fellow team members and other actuarial professionals within foresters.
- Perform dividend and nonguaranteed element analysis to support changes in scales
- Keep abreast on industry experience studies and assumption setting best practices.
- Work closely with Product Actuarial team to support the development of experience assumptions for pricing.
- Support implementation of model and process improvements to drive ongoing value from department reporting and analysis.
- Maintain appropriate actuarial process documentation consistent with professional actuarial standards and in compliance with all applicable legislation.
- Keep up to date with current and future financial reporting changes and the corresponding evolution of industry standards. Identify and monitor emerging regulatory and supervisory developments such as LICAT IFRS 17 and assess implications by providing actuarial expertise. Develop collaborative working relationships with key stakeholders within Corporate Actuarial Capital Business Plan Product Actuarial Finance and IT teams.
Key Qualifications/Competencies
- Experience working with various analytic systems. This would include databases (e.g. SQL server management studio) Microsoft Office software (e.g. Excel Access) and modeling systems (e.g. Moodys AXIS)
- Strong time management skills and ability to multitask and respond to evolving organizational needs.
- Innovative thinker and problem solver
- Currently writing Society of Actuaries exams with the intention of achieving the FSA & FCIA designations.
- Knowledge of the financial services industry and financial products: life insurance annuities segregated funds mutual funds for both Canada and the U.S.
- Knowledge of Canadian and U.S. valuation and solvency regimes.
- Knowledge of professional standards laws regulations and guidance issued by the Canadian Institute of Actuaries the Society of Actuaries and the American Academy of Actuaries including standards of practice and professional standards.
- Must have the ability to present ideas and negotiate through effective communication across multiple disciplines and at all levels both internally and externally.
- Highly selfmotivated to research issues independently.
- Excellent report writing and communications skills.
#LIHybrid
Equal Opportunity Employment and Inclusion at Foresters Financial we are committed to sustaining an equal opportunity environment for all job applicants. We embrace Inclusion Diversity and Equity (IDE) as a core strategic objective for building strong innovative teams in which all our employees can show up wholly and authentically as themselves.
Foresters Financial strives to provide an accessible candidate experience for prospective employees with different abilities. If you anticipate needing any type of accommodations during the recruitment process please email in advance of your appointment.
Thank you for choosing Foresters. Only those candidates who will be selected for further consideration will be contacted by our Talent Acquisition Team.
Required Experience:
Senior IC
Employment Type
Full-Time
Key Skills
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