Actuarial Manager Valuation

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Pay Details:

TD 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

TDIGIs Corporate Actuarial team is accountable for the assessment of policy liabilities according to TDIs Risk Appetite Statement using accepted actuarial practice and regulatory requirements in Canada. The valuation teams responsibilities are to ensure the model underlying the calculation of the technical provisions appropriately addresses the main risk drivers ensuring the appropriateness of methodologies and assumptions made.

Job Description

The Reserving (Valuation) team is part of the Corporate Actuarial department and is responsible for the actuarial evaluation of claims reserves including case reserves IBNR reserve adjustments and reserve movement analyses within a financial close and corporate governance this role the candidate will contribute to the success of the Valuation team by providing guidance support leadership and appropriate coaching in the execution of the teams main responsibilities including:

Reserves Valuation:

• Responsible for the establishment of actuarial provisions for all lines of business and the methodologies underlying key assumption selections used in the quarterly valuation process.
• Responsible for monthly monitoring and modification of key assumptions over time and measuring impacts of changes.
• Responsible for the delivery of claims liabilities and ultimate profitability of insurance entities.
• Create and deliver forwardlooking analyses that translate complex reserving results into clear insights on emerging trends.
• Coordinate the creation of decks to communicate the key findings and outcomes of the monthly analysis to executives and loss reserve committee members.
• Responsible for the estimation of average reserves to input into the operational system.
• Collaborate with various business partners to discuss ongoing business initiatives and emerging trends.
• Oversee that the overall process is well governed and documented to comply with SOX requirements and other standard requirements.
• Communicate/provide with external and internal auditors data as well as key assumptions and selection criteria. Key source in providing internal audit with necessary support.

Reporting

• Responsible for the creation of all legal entities Appointed Actuaries Reports (AAR) and supporting documentation.
• Coordinates the communication and certification of the financial results with various business partners including external auditors AMF and OSFI.
• Supervise the maintenance and creation of meaningful reports to monitor the adequacy of actuarial provisions over time. Actual losses versus expected losses are monitored monthly.

Job Requirements

Professional Requirements:

• Fellow of the Casualty Actuarial Society or Canadian Institute of Actuaries is an asset
• Bachelors degree in actuarial science or other quantitative areas of study
• Minimum 8 years of diversified actuarial experience in a general insurance company
• Management experience and/or ability to develop coach and inspire a team to support medium to long-term business needs

Analytical/technical Skills:

• Knowledge of accounting and financial concepts
• Stands out for his/her judgment and analytical mind
• Strong problem-solving skills and the ability to proactively identify risks/issues and recommend solutions
• Recognized for his/her thoroughness and the quality of his/her work
• Has work experience with MS Excel (VBA) programming languages (eg. R/SAS/Python)

Soft Skills:

• Excellent communication skills
• Ability to operate in an evolving often ambiguous environment
• Ability to challenge status quo and to influence change
• High degree of organizational awareness and sensitivity - strong ability to manage productive relationships with business partners and stakeholders at various levels

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):