Actuarial Consultant

Co-operators•Montreal, QC

3h•CA$83,774 - CA$133,700•Hybrid

About The Position

As the Actuarial Consultant, Corporate Actuarial, you will focus on reinsurance analytics while also contributing to capital modeling initiatives. You will provide analytical support to the reinsurance function, including catastrophe modeling, and develop actuarial models that support effective risk transfer and strengthen the organization’s financial position. You will work closely with business partners to analyze data and generate insights that inform reinsurance program design, performance, and capital management. You will contribute to initiatives such as FCT, ORSA, and strategic capital analysis while ensuring high quality analysis and documentation.

Requirements

Completed a post-secondary degree in Mathematics, Actuarial Science or a related discipline.
Minimum of 5 years of relevant experience in the property and casualty actuarial field.
Knowledge of capital and risk modeling concepts, techniques and processes.
Strong knowledge of P&C insurance products, emerging trends and best practices in the actuarial landscape.
Proficiency in English.

Nice To Haves

Basic knowledge of database management and manipulation, reconciliation, and programming languages such as R, Python and Structured Query Language (SQL) is an asset.
Having or working towards Associate of the Canadian Institute of Actuaries (ACIA) and Fellow of the Canadian Institute of Actuaries (FCIA) designation(s) is an asset.
French is an asset.

Responsibilities

Contributing to regulatory and strategic analyses using actuarial models, various data sources and programming languages.
Communicating actuarial concepts to business partners and maintaining documentation of key actuarial functions.
Improving existing actuarial practices and procedures in alignment with emerging trends and best practices in the insurance industry and actuarial landscape.
Leading small to medium sized projects within the team, including developing, following and reporting timelines.
Perform reinsurance catastrophe modelling analyses, including data collection, modelling and model validation.
Maintain capabilities for technical software programs that simulate catastrophic events for the Co-operators Group, including up to date understanding of alternative models used to estimate catastrophe loss potential in Canada.
Support the validation of the reinsurance treaty data. Work with business partners to understand the reasonableness of policy data used for treaty negotiations and facilitate improvements required to meet requirements for the reinsurance work.
Complete required internal and external reports related to data, modelling, industry and regulatory reporting.