Senior Analyst, Modelling

CMHC - SCHL • Vancouver, BC

1d • CA$73,555 - CA$91,944 • Hybrid

About The Position

Join the Finance - Insurance and Securitization team, in the Senior Analyst, Modelling position, where we use actuarial and financial foresight to improve housing affordability and serve as a key contributor to the growth of intellectual capital across the business and influence the development of actuarial and financial knowledge of Canada’s mortgage sector.
This is a temporary position of a duration of 12 months.

Requirements

• A bachelor’s or Master’s degree in a quantitative discipline such as Actuarial Sciences, Quantitative Finance, Mathematics, Economics, or Statistics.
• A minimum of three (3) years’ experience in a modelling role.
• A demonstrated work experience in a similar role in financial industry including banks, insurance companies, pension funds, etc.
• An understanding of and demonstrated experience with actuarial valuation methodologies, mathematical finance methodologies and risk analysis.
• The ability to work independently with minimal supervision on technical and/or analytical work.
• Strong communication, presentation, and collaboration skills at all levels of the organization.
• Results oriented, accountable for performance, and taking complete ownership of projects.
• Knowledge of regulatory requirements and best practices with respect to insurance valuation or other actuarial related fields.
• Advanced programming knowledge of SAS, R and Python.

Nice To Haves

• A professional designation (Actuarial, Chartered Financial Analyst, Professional Risk Manager, Financial Risk Manager, Certificate in Quantitative Finance) considered an asset.

Responsibilities

• Providing deep and specialized expertise to CMHC’s actuarial work including but not limited to actuarial valuation, capital adequacy assessment, financial statement projection and analysis.
• Developing or validating models and processes related to IFRS 17 actuarial valuation and insurance contract accounting.
• Monitoring model performance to ensure ongoing quality and proactively identifying opportunities to improve existing models and analytical tools.
• Ensuring appropriate documentation, controls and maintenance for all actuarial models/analysis/processes.
• Ensuring that model outputs and actuarial analysis are provided in a timely manner to meet corporate financial reporting requirements.
• Responding to ad-hoc actuarial/finance requests from internal and external stakeholders such as Management Committee members, Board members, OSFI or Department of Finance by developing accurate results, and using strong communication skills to promote understanding of the issue and provide appropriate interpretation and context.
• Maintaining current knowledge on best practices and recent developments in relevant actuarial/quantitative approaches and techniques through training and professional development activities.
• Maintaining current knowledge of regulatory requirements in the areas of insurance valuation and other relevant actuarial fields.

Benefits

• Accrued vacation.
• Annual individual performance bonus.
• Support towards your personal and professional growth with training, mentorship and more.
• An inclusive workplace culture and environment.

What This Job Offers

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