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Foresters Financial
Associate Actuary, Corporate ActuarialForesters Financial • Toronto, Ontario
Associate Actuary, Corporate Actuarial

Associate Actuary, Corporate Actuarial

Foresters Financial • Toronto, Ontario
8 days ago
Salary
CA$105,000.00 yearly
Job type
  • Full-time
Job description

Job Description

Key Responsibilities

  • Coordinate and support quarterly valuation reporting deliverables, including close-cycle analysis, management reporting, and review materials for the Appointed Actuary
  • Support MD&A, AAR, OSFI Life return, financial statement note analysis, and other regulatory or management reporting requirements
  • Lead or support detailed valuation model implementation, validation, and testing for new business, product changes, dividend scale changes, reinsurance arrangements, and assumption or methodology updates
  • Strengthen actuarial process documentation, controls, evidence retention, and review practices consistent with professional standards, internal control requirements, audit expectations and review needs
  • Support valuation model governance activities, including AXIS / Risk Integrity model changes, data reconciliations, model vetting, production readiness, and documentation of key assumptions and limitations
  • Provide coaching, review, and development support to actuarial analysts, interns, or co-op students involved in valuation reporting and model-related work
  • Identify opportunities to improve efficiency, automation, documentation across valuation and reporting processes

Key Qualifications

  • Recently qualified FCIA/FSA Actuary with relevant experience in life insurance experience
  • Familiarity with Canadian valuation, IFRS17 and capital requirements and regulations; exposure to U.S. or other jurisdictional reporting is an asset
  • Strong analytical skills with the ability to connect valuation results, experience analysis, and business drivers into practical insights
  • Strong experience with actuarial modelling and reporting tools, including AXIS, Risk Integrity, DataLink, Excel, and VBA; experience with automation, Power BI, Databricks, or other data tools is an asset
  • Excellent report writing and communications skills, with the ability to explain technical actuarial issues to both actuarial and non-actuarial stakeholders
  • Knowledge of life insurance, annuities, participating products, final expense / non-medical business, segregated funds, and reinsurance is an asset
  • Interest and ability to coach junior actuarial staff and support a collaborative, learning-oriented team environment

#LI-Hybrid

Salary Range:

$105,000.00 - $140,000.00

The actual base salary for this position will depend on several factors, including job-related skills, experience, and education. In addition to base pay, eligible employees may participate in a discretionary variable incentive plan, results are subject to both individual and company performance.

Please note that this posting is intended to fill an existing vacancy; however, there may be instances where more than one vacancy is available for the same role.

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Associate Actuary, Corporate Actuarial • Toronto, Ontario

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