Actuarial science Jobs in Toronto, ON

Company: CGIC
Department: Corporate Actuarial Services
Employment Type: Regular Full-Time
Work Model: Hybrid
Language: English is required, French is an asset
Additional Information: This/these role(s) is/are currently vacant

The Opportunity:

We are a leading Canadian financial services co-operative committed to being a catalyst for a sustainable and resilient society and our team is essential to deliver on this strategy. That’s why we prioritize our people, to ensure we provide a strong culture and development opportunities which enables our team to thrive and to live our purpose. The best part is that you will work with people that care passionately about you, our clients, and our communities.

As the Senior Actuarial Consultant, you will support the reserving side of Corporate Actuarial. You will collaborate with business partners to understand their needs and lead complex projects to deliver unique solutions to ensure the reserve adequacy of property and casualty (P&C) lines of business.

How you will create impact:

• Contributing to regulatory and strategic reserving analyses using actuarial models, various data sources and programming languages.
• Leading and supporting the refinement, maintenance and documentation of reserving practices through process improvements and model and reserving software integration.
• Analyzing the needs of business partners, researching multiple data sources and identifying actuarial requirements to design innovative solutions for complex challenges.
• Building and implementing detailed project plans, performing peer reviews and providing direction and expertise to team members to facilitate their development.
• Coaching and mentoring team members to facilitate their development and fostering a team environment focused on collaboration and innovation.
• Efficiently communicating complex actuarial and financial concepts while adapting narratives to various audiences.

How you will succeed:

• You have an innovative mindset to improve operational efficiencies and ability to influence change, with a primary focus on client needs.
• You use critical thinking skills to recognize assumptions, evaluate arguments, draw conclusions and proactively propose solutions.
• You have strong communication skills to clearly convey messages and explore diverse points of view.
• You build trusting relationships and provide guidance to support the development of colleagues.

To join our team:

• You have completed a post-secondary degree in Mathematics, Actuarial Science or a related discipline.
• You have six to eight years of relevant experience in the property and casualty actuarial field. Reserving experience is an asset.
• You have advanced knowledge of modeling softwares and programming languages.
• You have experience with one or more reserving softwares commonly used throughout the industry (an asset).
• You have strong knowledge of P&C insurance products, emerging trends and best practices in the actuarial landscape.
• Having or working towards the ACAS or FCAS designations is an asset.
• Proficiency in English is essential to the main duties in this role, including servicing and communicating primarily with majority non-francophone clients, groups, teams. Drafting complex English documents and preparing daily reports for anglophone leaders. The essential non-French duties are not assignable to adjacent or other team members.
• This position primarily works with majority non-francophone groups, and teams located outside of Québec, and requires proficiency in English. The essential non-French duties are not assignable to adjacent or other team members.

What you need to know:

• Detail oriented work that requires a high degree of mental concentration for extended periods of time.

What’s in it for you?

• Training and development opportunities to grow your career.
• Flexible work options and paid time off to support your personal and family needs.
• A holistic approach to your well-being, with physical and mental health programs and a supportive workplace culture.
• Paid volunteer days to give back to your community.
• In addition to our competitive salary and incentive programs, eligible employees also benefit from a comprehensive total rewards package including group retirement savings plans, pension and benefits (, health and wellness, dental, disability and life coverage), mental health support and an employee assistance program.

Expected salary/hourly range $104, 717 - $174,529 The salary amount for the successful candidate is determined by Co-operators in its discretion and will vary depending on several criteria including but not limited to: local market conditions, geography and relevant job-related factors such as knowledge, skills, qualification, experience and education.” Employees may also have the opportunity to participate in incentive programs and earn additional compensation tied to individual and/or business performance, or other business metrics.