Actuarial Analyst

Foresters Financial • Toronto, ON

55d • $59,000 - $84,700 • Hybrid

About The Position

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.

Requirements

• Bachelor’s degree in mathematics, science, business, economics, or another relevant field
• One (1) year of actuarial experience in a life or health insurance company an asset
• 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. Moody’s AXIS)
• Strong time management skills and ability to multi-task 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 self-motivated to research issues independently
• Excellent report writing and communications skills

Responsibilities

• 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, and OSFI life returns filing
• Support the preparation of the annual Appointed Actuary Report (AAR) for both the enterprise and the Canadian insurance subsidiary
• Support basis changes work, implementation of model including New Business implementation, and process improvements to drive ongoing value from department reporting and analysis
• Support the communication of information with auditors, regulators and external consultants on key deliverables related to IFRS 17
• 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 and assess implications by providing actuarial expertise.
• Keep developing collaborative working relationships with key stakeholders within Corporate Actuarial, Product Actuarial, Finance, IT and Capital management, Business Planning and Strategy teams

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level