Actuarial Analyst I
About The Position
The Actuarial Analyst will report directly to the Senior Manager Actuary and support the actuarial functions of TDRB's operations. TD Reinsurance (Barbados) Inc. (TDRB) is a reinsurance company domiciled in Barbados, with its ultimate parent being The Toronto-Dominion Bank (TD Bank). TDRB has been operating for over 30 years and is regulated by the Financial Services Commission in Barbados. The company assumes Life & Health Insurance risks from Canadian primary insurers and General Insurance risks from an affiliate insurance company within the TD Bank Group. Additionally, TDRB assumes Life & Health Insurance and Annuities risks from large European reinsurers and retrocedes Canadian Life & Health risks to these reinsurers.
Requirements
- Experience of 1-3 years working experience in Insurance/Reinsurance industry
- Undergraduate degree in Actuarial Sciences or other related field.
- 3+ Actuarial Exams, candidate for ACIA/ASA
- Knowledge of MS Outlook, Excel, Word, Access Database, PowerPoint, Moody's AXIS and collaborative software such as WebEx and MS Teams
Nice To Haves
- Experience with IFRS17 accounting will be considered an asset but not required
Responsibilities
- Assume an integral role in the overall production of monthly Financial Statements for the Company.
- Prepare monthly reporting inputs into the SAS system.
- Complete independent validation of SAS output, income statements, and balance sheets, with results consistently aligning to expected outcomes and issues clearly documented and resolved where required.
- Identify and implement processes to improve efficiency and effectiveness.
- Perform activities relating to the stress testing and capital management of TDRB's businesses, to ensure the Company's resilience under various macroeconomic scenarios.
- Support actuarial and technical aspects of TDRB's annual reinsurance renewal process, such as pricing reviews, due diligence assessments, and experience analyses.
- Support analysis of reinsurance contracts underwritten to ensure contracts are profitable and comply with TDRB's Underwriting Policy.
- Assist with the implementation of new initiatives compliant with TDI/TDRB strategy.
- Assisting in identifying and evaluating major risk categories including operational, insurance, financial, strategic risks, etc. to ensure all risks align to the Bank's risk appetite.
- Supporting the implementation of risk mitigation strategies and policies.
- Participate in the assessment of key risks, processes, and controls within the business unit and support the management of self-assessments.
- Develop and maintain models and documentation in compliance with the model governance framework.
Benefits
- health and well-being benefits
- savings and retirement programs
- paid time off
- banking benefits and discounts
- career development
- reward and recognition programs
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
