Actuary

Canadian Medical Protective Association • Ottawa, ON

4d • Remote

About The Position

The Finance department supports the CMPA’s mission and goals by safeguarding the Association’s assets and by ensuring the proper valuation of the Association’s liabilities. Safeguarding the Association’s assets is accomplished through accurate and timely recording and stewardship of financial transactions. Proper valuation of the Association’s liabilities is accomplished through detailed actuarial work following the Standards of Practice set by the Canadian Institute of Actuaries. The Actuarial Services team is primarily responsible for the CMPA’s liability valuation and protection fee projection. The team develops proprietary applications and data structures, builds actuarial models and processes, supports financial auditing, and provides insight for the Association’s funding and liability management.

The Actuary plays a key role in supporting both the Senior Actuary and Chief Actuary in strengthening the Association’s internal actuarial capabilities. This expertise is made available to senior management, Council, and all departments. As a subject matter expert in actuarial science, the Actuary contributes valuable insights on topics such as provisions for unpaid claims, fee-setting processes, funding strategies, trend analysis, experience monitoring, and sensitivity analysis.

The Actuary plays an important role in assisting the Senior Actuary and Chief Actuary in developing, implementing and reporting on various actuarial projects including year-end and mid-year liability valuation, occurrence year protection fee projection, Scenario and Stress Testing (SST), mid-to-long term balance sheet projection, insurance program assessment, supporting year-end external review and auditing activities, and participating in other tasks within the Association.

In collaboration with the Senior Actuarial Analysts and Actuarial Analysts, the Actuary supports the modelling of future costs and claim counts, provides technical guidance on actuarial software and related systems, and ensures accurate reporting of actuarial information to the Chief Actuary, Finance, and senior management.

In exceptional circumstances where both the Chief Actuary and Senior Actuary are unavailable, the Actuary may be called upon to provide recommendations to senior management regarding specific actuarial matters.

Requirements

• Minimum Bachelor’s Degree in Actuarial Sciences; a comparable field of study may be considered
• Successful completion of FCIA (Fellow of the Canadian Institute of Actuaries) and FCAS (Fellow of the Casualty Actuarial Society) designations is required
• Minimum of 8 years of progressive work experience in the actuarial field
• Minimum of 1 year of experience leading and managing a team of actuarial professionals
• Strong aptitude for quickly learning and utilizing new computer applications and systems
• Strong knowledge of financial reporting practice, valuation and ratemaking
• Working knowledge of data analytics or data programming language preferred
• Experience with organizing and delivering informative, thorough, and professional presentations to all audiences
• Ability to communicate complex financial information and concepts to a non-technical audience
• Experience working with senior management, executive decision-makers, and external stakeholders
• Experience with successfully delivering cross-functional projects and change initiatives
• Proven ability to lead and engage a team of professionals, ability to coach, mentor, and motivate staff to achieve organizational and individual goals

Nice To Haves

• Working knowledge of data analytics or data programming language preferred

Responsibilities

• Provides actuarial support to senior management, Financial Services, and other departments, particularly in the absence of the Chief or Senior Actuary
• Assists in the development and refinement of actuarial methodologies, processes, and practices aligned with organizational goals and industry standards
• Supports the optimization of estimation processes through technical analysis and process improvement initiatives
• Contributes to the production and review of actuarial outputs, including liability valuations, fee setting analyses, and sensitivity testing
• Ensures the proper functioning and maintenance of actuarial systems and applications
• Participates in the preparation and enhancement of actuarial reports and documentation
• Collaborates with Finance and other departments to ensure timely and accurate delivery of actuarial data and insights
• Assists in the development of performance metrics that assess professional liability and organizational exposure
• Applies actuarial techniques in simulation, modeling, and forecasting to support risk assessment and strategic decision-making
• Supports the implementation of automated solutions to streamline repetitive tasks and enhance efficiency
• Provides guidance to direct reports to both support their development and prioritize their efforts in support of corporate objectives
• Creates and supports a team culture of continuous improvement and a work environment that fosters teamwork, collaboration, and inclusion

Benefits

• The CMPA is an equal opportunity employer and is committed to being responsive to those living with disabilities and strives to prevent and remove barriers to accessibility. The CMPA will provide support and accommodation in its recruitment processes to applicants living with disabilities. If you are invited to participate in an interview and/or skills assessment and have accommodation needs, please let us know.
• Equity, diversity, and inclusion (EDI) is a key priority, and we actively strive to build a culture of inclusion where employees can be their authentic selves and are valued for their diverse experiences and perspectives.
• We welcome and encourage candidates from diverse backgrounds and a variety of lived experiences to apply.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 101-250 employees