Associate Actuary - UL Valuation
About The Position
Reporting to the UL line actuary, this position offers a unique opportunity to develop highly sought-after expertise on the Universal Life’s line of business, one of the largest and most complex business lines of the Canadian segment. In this role, you will support our mission to deliver accurate and efficient actuarial results and solutions, while building strong product knowledge and developing a solid IFRS17 foundation. As part of our team, the UL Associate Actuary fulfills a critical role in ensuring the integrity of reserves and required capital calculations, explaining the drivers of quarterly earnings, and collaborating with peers from other functions to develop and implement value generating business initiatives.
Requirements
- Actuarial designation (FSA, FCIA, ASA) with 5+ years of relevant experience in progressive actuarial roles.
- Results oriented, able to manage expectations, work under tight deadlines and manage competing priorities.
- Advanced knowledge regarding technical aspects of work; able to review data or results (financial or otherwise) for reasonability and identify root causes and drivers in the data being reviewed.
- Self-starter with the ability to work independently, particularly in using sound, independent judgment, problem-solving and analytical skills.
- Remains calm and in control when facing pressure and stressful situations; demonstrates confidence and persistence in the face of setbacks and obstacles.
- Ability to communicate and vulgarize complex technical topics to various audiences, including senior management and non-technical functions.
- Strong interpersonal skills with the ability to collaborate, negotiate and influence effectively.
Nice To Haves
- Previous Moody's Axis experience is an asset, considering the complexity of the UL model and associated products.
- Bilingualism (English and French) is an asset. If the successful candidate is in Québec, proficiency in both languages will be required to support clients from various provinces outside of Quebec.
Responsibilities
- Contribute to change management activities to meet stakeholder needs and company initiatives.
- Contribute to process improvement initiatives to further automate the UL end-to-end valuation reporting process.
- Contribute to the timely delivery of comprehensive and professional work products to satisfy the actuarial modelling requests of actuarial business partners.
- Contribute to quarterly IFRS reserves and LICAT required capital production and reviews.
- Contribute to UL annual basis change activities.
- Contribute to annual financial reporting/disclosures of actuarial results, such as sensitivities and Appointed Actuary’s Report.
- Analyze results and support communications to senior management.
- Contribute to strategic initiatives driven by other functions.
- Develop sought-after subject matter expertise on UL model, products and assumptions.
- Develop and manage relationships across the Canadian segment and with corporate functions (example: pricing, inforce management, risk management, operations, accounting, and Group Capital Management, to name a few).
Benefits
- health
- dental
- mental health
- vision
- short- and long-term disability
- life and AD&D insurance coverage
- adoption/surrogacy and wellness benefits
- employee/family assistance plans
- various retirement savings plans (including pension and a global share ownership plan with employer matching contributions)
- financial education and counseling resources
- holidays
- vacation
- personal
- sick days
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
No Education Listed
