Actuarial Assistant/Analyst, Product Actuarial

5 days ago


Toronto, Ontario, Canada Foresters Financial Full time
Actuarial Assistant/Analyst, Product Actuarial Career Opportunity Actuarial Assistant/Analyst, Product Actuarial - 12 month contract

The Actuarial Assistant/Analyst, Product Actuarial will be a versatile team member who will work closely with other students and qualified actuaries on the Product Actuarial team and more broadly with other actuarial and risk professionals within Foresters to support the delivery of product development and pricing analysis in pursuit of the Foresters Purpose.

Key Responsibilities:
  • Support pricing actuaries in the production of deliverables for product initiatives in partnership with Product Management
  • Understand how pricing models work and detect potential model errors, including the impact of changing assumptions or inputs on the output of the model
  • Become familiar with Moody's AXIS software to support development of high quality pricing models
  • Follow pricing guidelines, standards, and policies while supporting development of pricing assumptions and production of cash flow projections, profit metrics, and other model output
  • Contribute written content to product reports and continue to build knowledge and expertise in preparation for presenting pricing analysis to Actuarial Advisory Group
  • Provide visibility to pricing actuaries on opportunities to improve existing processes or risks associated with work being performed
  • Support the production of performance monitoring and planning deliverables such as Value of New Business reporting and the New Business Plan models
  • Identify opportunities to improve the structure or maintenance of pricing infrastructure such as models, reports, documentation, and spreadsheets
  • Develop understanding of how the Product Actuarial team interacts with other Foresters departments such as Corporate Actuarial, Risk Management, Finance, Planning, Sales, IT, and Product Management
  • Communicate results of pricing analysis to fellow team members and other actuarial professionals within Foresters
Key Qualifications:
  • Bachelor's degree in mathematics, science, business, economics, or another relevant field
  • One (1) year of actuarial experience in a life or health insurance company an asset
  • Demonstrated progress through the SOA and CIA education and examination process
  • Communication skills required to progressively deal with both technical and non-technical audiences with diverse professional backgrounds
  • Capable of performing bottom up checking of processes or models to ensure accuracy of results
  • Develop ability to recognize when models or analysis contains errors and troubleshoot
  • Demonstrated ability to recognize when conflicting information or lack of information could affect analysis and work with manager or teammates to resolve
  • Proactively recommend possible solutions, including ones based on knowledge acquired by passing actuarial exams
  • Ability to become expert with Moody's AXIS and Microsoft Excel, Word, PowerPoint essential. Current experience with these tools an asset.
  • Innovative thinker and problem solver
  • Willingness to think outside the box, especially from a contrarian perspective
  • Ability to develop project and time management skills as responsibilities increase
  • Develop and maintain current knowledge of life insurance products in the U.S. and Canada
  • Begin to gain familiarity with product regulations and other external standards
  • Begin to develop familiarity with other Foresters Corporate / Group functions such as financial reporting, ALM, Capital Management, Risk Management or Business Planning
About Foresters Financial:

Foresters Financial is a life insurance company that has been serving families for over 140 years. We are committed to providing financial security and peace of mind to our customers through our range of life insurance, savings, and investment products.

Equal Opportunity Employment and Inclusion:

At Foresters Financial, we are committed to sustaining an equal opportunity environment for all job applicants. We embrace Inclusion, Diversity and Equity (IDE) as a core strategic objective for building strong, innovative teams in which all our employees can show up wholly and authentically as themselves.


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