Valuation Actuary – Individual Life

Role Description

We are seeking a recently qualified ASA or ACIA with a minimum of 2 years’ experience to join our team as an Individual Life Valuation Actuary. In this role, you will be responsible for performing actuarial valuations and analyses related to individual life, group and health insurance products across Canada and the US. You will contribute to the accurate assessment of reserves, financial projections, and other actuarial outputs. This role reports to the lead actuary for US and Canada Reporting Team and offers the opportunity to work closely with cross-regional teams to ensure alignment on project goals and deliverables as part of the CASLH valuation team.

Responsibilities:

• Assist with financial reporting on a US GAAP (including LDTI) and IFRS 17 basis.
  
• Assist with regulatory reporting for US STAT, LICAT and Solvency II.
  
• Development and maintenance of actuarial tools and models to analyze actuarial data to enhance management reporting, financial reporting and regulatory reporting.
  
• Analyze and interpret data to assess the profitability, risks, and performance of the Canada individual life insurance business.
  
• Stay updated with industry trends, emerging practices, and regulatory changes impacting Canada insurance industry, and provide insights and recommendations to stakeholders.
  
• Participate in the preparation of financial statements, reports, and presentations related to the valuation of individual life products.
  
• Draft the annual Appointed Actuary’s report and run dynamic capital adequacy testing.
  
• Engage in actuarial research and analysis to enhance the accuracy and effectiveness of individual life insurance valuations.
  
• Automation of models and business processes.
  
• Support model governance activities including change management, control testing, and audit requests.

Role Qualifications and Experience

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Demonstrated progress in passing SOA sponsored actuarial examinations on the pathway to becoming a credentialed actuary (ASA or FSA) or progress toward ACIA/FCIA via the Canadian actuarial pathway).
  
• Knowledge of US statutory, US GAAP, IFRS 17 and LICAT requirements and industry best practices, and other relevant insurance reserve methodology and requirements.
  
• Proficiency in actuarial modeling software, preferably GGY-AXIS.
  
• Strong technology skills including Microsoft Excel, Microsoft Access, and SQL.
  
• Excellent analytical and coding skills, preferably in Python or R, proficiency in analytical and reporting tools such as Power BI, a plus.
  
• Effective communication skills, both verbal and written, to convey actuarial concepts and findings to both technical and non-technical stakeholders.
  
• Attention to detail, with a commitment to accuracy and quality in actuarial valuations and analyses.
  
• Strong organizational and time management abilities to handle multiple tasks and meet project deadlines across both US and Canada reporting cycle.
  
• Ability to work with minimum supervision, proactively identifying process improvement.
  
• Consistent pursuit of excellence in execution and delivery.
  
• Self-motivated with a flexible attitude and enthusiasm for the role.
  
• Able to work under pressure to meet internal and external deadlines.
  
• Interest in long-term development across valuation, financial reporting, and capital management in a multi-framework reporting environment.

Salary Range

80, - 140, CAD

The annual base salary range posted represents a broad range of salaries around the US and is subject to many factors including but not limited to credentials, education, experience, geographic location, job responsibilities, performance, skills and/or training.

Our Corporate Headquarters Address

General Reinsurance Corporation
400 Atlantic Street, 9th Floor
Stamford, CT 06901 (US)

At General Re Corporation, we celebrate diversity and are committed to creating an inclusive environment for all employees. It is the General Re Corporation's continuing policy to afford equal employment opportunity to all employees and applicants for employment without regard to race, color, sex (including childbirth or related medical conditions), religion, national origin or ancestry, age, past or present disability , marital status, liability for service in the armed forces, veterans' status, citizenship, sexual orientation, gender identity, or any other characteristic protected by applicable law. In addition, Gen Re provides reasonable accommodation for qualified individuals with disabilities in accordance with the Americans with Disabilities Act.