Senior Actuarial Analyst, Economic Capital

Aviva • Markham, ON

69d • $90,000 - $110,000 • Hybrid

About The Position

Experience Aviva Individually we are people, but together we are Aviva. Individually these are just words, but together they are our Values – Care, Commitment, Community, and Confidence. At Aviva Canada, we put people first, our employees, our customers, and our communities. We’re proud of a culture built on care, inclusion, and collaboration, where your voice matters and your growth is supported. We’re not just about insurance; we’re about making a real difference by protecting what matters most. The Opportunity We are looking for an aspiring actuary who is eager to learn and challenge our industry leading Economic Capital Model as Actuarial Analyst to join the Economic Capital team. You will have the opportunity to work closely with our stochastic Internal Model (based on Monte Carlo simulations) which models the various risks of Aviva Canada business through a holistic approach. This will require you to interact with a variety of other departments in Aviva Canada and UK (including Reserving, ALM, Finance, Reinsurance, Pricing): this is a unique opportunity to have a wide exposure to the various facets of the insurance business and develop knowledge of its quantitative risk management.

Requirements

• Bachelor’s degree in a quantitative field e.g. Actuarial, Mathematics, Statistics/Econometrics, Data Analytics, Computer Science or equivalent.
• 4+ CAS exams or equivalent.
• Proficient with Microsoft Office, including Microsoft Excel, Microsoft Word, Power Point, VBA, R.
• Ability to communicate well and present ideas/decisions clearly.
• Strong quantitative analysis, problem solving and programming skills.

Nice To Haves

• Knowledge in Python and SAS.
• Prior Co-Op/Internship experience.
• ACAS/ACIA designation.

Responsibilities

• Work with the Economic Capital team and Aviva Group to support assessing company financial positions for regulatory submissions (including documentation).
• Provide support in preparing the Solvency UK Solvency Capital Requirement (SCR) quarterly forecast submissions to support corporate strategic planning.
• Provide support on the Stress and Scenario Testing (SST) quarterly exercise.
• Analyze actuarial data for supporting capital modelling.
• Provide support to improve processes and tools already used within the team and document actuarial processes and models.
• Support ad-hoc Aviva Local and Group requirements.

Benefits

• The salary band for this position ranges from $90,000 to $110,000. Please note that individual salary is determined by factors such as job-related knowledge, skills and experience, as well as internal equity.
• Compelling rewards package including base compensation, eligibility for annual bonus, retirement savings, share plan, health benefits, personal wellness, and volunteer opportunities.
• Hybrid flexible work model.
• Outstanding career development opportunities.
• We’ll support your professional development education.
• Competitive vacation package with the option to purchase 5 extra days off per year.
• Employee-driven programs focused on gender, LGBTQ+, origins, diversity, and inclusion.
• Corporate wellness programs to support our employees’ physical and mental health.

What This Job Offers

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