Specialist, Actuarial Services

CMHC - SCHL • Vancouver, BC

5d • CA$86,817 - CA$108,521 • Hybrid

About The Position

Join the Finance - Insurance and Securitization team, in the Specialist, Actuarial Services 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

• An undergraduate degree in a quantitative discipline such as Statistics, Actuarial Science, Mathematics, or Quantitative Finance.
• Associate of the Canadian Institute of Actuaries, Casualty Actuarial Society and/or Societies of Actuaries designation or actively pursuing designation.
• A minimum of five years of related work experience.
• An understanding of and demonstrated experience with actuarial valuation methodologies, financial modelling, capital adequacy and risk management.
• The ability to work within a sophisticated technological environment (Databricks, DevOps) using various modelling and programming tools such as Python and R.
• Strong problem-solving and analytical skills.
• Strong written and verbal communication skills, with the ability to clearly explain analyses, assumptions and data insights to both technical and non-technical stakeholders.

Nice To Haves

• Bilingualism (French and English).
• Knowledge of IFRS 17 Actuarial Valuation and Financial Statements.
• Knowledge of the Mortgage Insurance and Securitization business as well as the Mortgage Insurance Capital Adequacy Test (MICAT).

Responsibilities

• Support the team in the development and maintenance of our Financial Statement models used to project CMHC’s finance and capital position under different economic scenarios.
• Perform duties of calculations, projections, analysis and reports related to the Corporate Plan, Capital Plan, Dividend Recommendation, Stress Testing, Financial Condition Testing and Pricing oversight.
• Support the team in providing interpretation, advice and guidance about the financial impact of new products and initiatives on CMHC’s projected financial statements and capital position.
• Ensure adequate controls are in place and are well documented for all relevant processes.
• Maintain current knowledge of regulatory requirements in the areas of insurance valuation, capital adequacy 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: Mid Level