Actuary Director, Canada

AIG • Toronto, ON

4d • CA$133,000 - CA$180,000 • Onsite

About The Position

AIG Canada has launched careers and developed future leaders for 60 years. Join us as an Actuary & Director to make more of your specialist expertise and experience. Make your mark in Actuary. Our Actuaries are on the front lines, quantifying risk, pricing insurance and reserving losses for AIG’s major insurance operating companies, globally. We collaborate with Finance, Claims, Operations, Marketing and Risk Management, among other functions. As an AIG actuary, you will be challenged and encouraged to reach your greatest potential to help improve how we predict, manage and mitigate risk.

Requirements

• Bachelors degree or equivalent in Mathematics/Actuarial Science
• Fellow of the Canadian Institute of Actuaries (FCIA) and Casualty Actuarial Society (FCAS)
• 5+ years relevant P&C experience, with minimum 2 years post Fellowship
• Proven proficiency in actuarial concepts/methodologies
• Thorough understanding of general insurance including underwriting policies, claims handling policies and local legislation
• Knowledge of PC and mainframe environments
• Proven people management and leadership skills
• Proven ability to educate non-technical managers on technical areas that enhance their decision-making ability
• Proven ability to managing

Responsibilities

• Partner with the Chief Actuary to provide quarterly GAAP and local STAT IBNR estimates to Finance team
• Complete DVRs and provide recommendations to Canada’s Chief Actuary
• Assist local Finance team with IFRS 17 implementation and answer technical questions on interpretation of new accounting standards
• Responsibility for ensuring reserving appropriate actuarial techniques are employed across the AIG Canada business.
• Work closely with Finance and U.S. actuarial team on quarterly U.S. GAAP and local Canadian Statutory close.
• Assist with completion of Appointed Actuary’s report
• Review and work with external consultant with implementation of IFRS-17.
• Assist with the yearly Financial Condition Testing (FCT) and present results to audit committee.
• Collaborate with North America and International reserving management to develop consistent and efficient processes globally.
• Ensure appropriate controls are in place for the reserving process, support and be the point person for Actuarial audits as well as independent reserve reviews.
• Collaborate with North America and International reserving management to develop consistent and efficient processes globally.
• Assist the Enterprise Risk Management team in developing Canada’s Own Risk Self Assessment (ORSA) and determining appropriate capital levels.

Benefits

• bonus in accordance with the terms of the applicable incentive plan
• Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security—as well as your professional development
• Volunteer Time Off and Matching Grants Programs

What This Job Offers

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