Actuarial Analyst, Capital Management

Job Description

Key Responsibilities

• Support preparation of the quarterly LICAT regulatory capital filing using AXIS and Excel tools, including checks for reasonability, explanation of movements and supporting analysis
• Support forecasting of the LICAT capital ratios in advance of quarter-end
• Assess the impact on the LICAT ratios from actuarial basis changes and provide assistance on various capital management business initiatives under consideration
• Provide inputs and support for material to be presented at the quarterly Capital Management Committee meetings, including any support for ad hoc capital-related initiatives and projects
• Provide LICAT capital input to partners (e.g. pricing initiatives or ORSA related analysis) with guidance as needed
• Support the ongoing development, maintenance, and model governance of LICAT models and calculators within AXIS and Excel
• Support the internal and external audit of the LICAT calculation
• Being innovative and supporting the implementation of process improvements to drive ongoing value from capital reporting
• Keep the documentation current and ensure the documentation is appropriate and consistent with professional actuarial standards and in compliance with all applicable legislation

Key Qualifications

• Bachelor’s degree in mathematics, science, business, economics, or another relevant field
• A minimum of one to two (1-2) year of actuarial experience in a life or health insurance company an asset
• Progress towards Society of Actuaries (SOA) exams (or intent to pursue) with the longer-term goal of achieving the FSA & FCIA.
• Exposure to the financial services or insurance industry, including insurance products (e.g., life insurance, annuities, segregated funds) and Canadian and/or U.S. valuation and solvency frameworks, is an asset
• Experience with various computer systems. These include the valuation system (e.g. AXIS), Microsoft Office software (e.g. Excel), and databases (e.g. SQL Server)
• Working knowledge of relational databases and programming languages
• Strong time management skills and ability to multi-task and respond to evolving organizational needs
• Strong personal accountability. Results and impact oriented
• Excellent report writing and communications skills

#LI-Hybrid

Salary Range:

$59,000.00 - $84,700.00

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.