Actuarial Advisor

3 weeks ago

Toronto, Ontario, Canada OPTrust Full time
Actuarial Advisor

Type: Permanent

Location: Toronto

Posting Date: May 15, 2024

At OPTrust, paying pensions today, preserving pensions for tomorrow is our mission and business.

When you choose OPTrust, you join a team of smart, talented people who fuel our success and have a passion for pensions. Everyone at OPTrust - from London, Toronto, and Sydney - makes a meaningful impact, our environment is fast paced, but we find time to have fun and give back to the community as well. Our strength resides in our team members with different backgrounds and perspectives creating an inclusive and fulfilling place to work for everyone.

What OPTrust Offers You
  • Unique culture rooted in our core values - collaboration and teamwork, integrity, respect, flexibility, and excellence and continuous improvement - reflected across the team.
  • Dedicated business strategy for inclusion, diversity and equity with multiple, meaningful opportunities to participate.
  • Flexible, hybrid work model being implemented to balance the benefits of working from home and the collaborative teamwork experience in the office.
  • Membership in our world-class defined benefit pension plan.
  • A purpose-driven environment, including the opportunity to contribute to OPTrust's climate change and responsible investing programs.
  • Professional development opportunities and learning initiatives including access to LinkedIn Learning, in-house speaker series, tuition reimbursement program and professional association memberships.
  • Comprehensive benefits package focused on your health and wellness, including dental, vision and extended health benefits.
  • Opportunity to take parental and adoptions leaves to spend time with family.
  • Competitive vacation package and time away from work such as work-life balance days.
If you strive for excellence and continuous improvement, value a collaborative and flexible team culture, and approach everything with integrity and respect, then we invite you to apply to join our team

About the Role

About the Role

In this role, you will be working in the PATH program team. You will work collaboratively with the actuarial team to provide actuarial and technical data guidance and support to Actuarial Services and Plan Policy group, along with Member Experience and Pension Operations and other internal teams.

You will have shared accountability to maintain data management business processes as they pertain to the actuarial valuation extract and pension administration processes; review and contribute to the preparation of system business requirements and system testing; work with actuarial team on internal actuarial valuations, gain/loss analysis forecasting and experience studies; provide technical support for the actuarial valuation extract process; carry out and verify pension administration calculations; provide actuarial expertise for routine projects; and respond to any ad hoc requests on actuarial matters as required.

What You'll Do

Actuarial Valuations
  • Complete internal funding, solvency, windup and accounting valuations for the OPSEU Pension Plan with guidance.
  • Assist in funding and accounting valuations for the Supplemental Pension Plan.
  • Assist with gain and loss analysis on all funding valuations with guidance as needed.
Experience Studies
  • Collaborate with immediate manager and other team members on various experience study projects and contribute to the drafting and presentation of findings to management.
  • Forecasting
  • Collaborate with immediate manager and team members on various deterministic and stochastic actuarial forecasting projects and contribute to the drafting and presentation of findings to management.
Forecasting
  • Collaborate with immediate manager and team members on various deterministic and stochastic actuarial forecasting projects and contribute to the drafting and presentation of findings to management
Costing
  • Assist with costing analysis for internal and external stakeholders for routine valuation assumption changes or routine ad-hoc costings for applicable contract negotiations.
Administrative Calculations
  • Create and maintain independent calculators or spreadsheets to assist and/or expedite the administration process for Member Experience and Pension Operations, including a final review of calculations required under various transfer agreements and other needs.
  • Provide final review of actuarial calculations and buyback costings to members as appropriate.
  • Provide final review and calculations of commuted values and pension entitlements for terminations, transfers, deaths, unique/complicated cases and marriage breakdown as appropriate.
Pension Administration System Development of Actuarial Additions /Changes
  • Engage with project managers to develop routine business requirements, data analysis and system specifications.
  • Assist with training to staff regarding applicable system changes related to calculations in the Pension Administration System engine.
  • Provide technical review and analysis on data and administration system related issues.
Actuarial Valuation Project
  • Provide strong support for OPTrust's actuarial valuation process, including the technical development of the actuarial valuation extract application, testing criteria, system implementation, data delivery, guidance to data analysts and liaison with developers and Plan actuaries as follows:
    • Review actuarial system/data and provide recommended changes to the extract application.
    • Support the development of actuarial data requirements in conjunction with the Plan actuaries.
    • Engage in discussions on actuarial matters as they relate to member data.
    • Support the analysis and cleanup of member data.
    • Assist with the development and presentation of actuarial data and findings to OPTrust employees and management.
    • Supports ad-hoc and interim valuation requirements with guidance.
    • Provide follow-up data analysis, review, and support for Plan actuaries.
    • Assist with the review and provide input on the recommendations for system and procedural changes as they pertain to the actuarial valuation and annual information processes.
Special Projects
  • Represents Actuarial Services and Plan Policy in special project work related to the design, testing and implementation of new systems based on complexity and with guidance as required. Examples of key tasks include:
  • Provide strong support under the guidance of immediate manager and assistance of senior team members in order to ensure key development and implementation deliverables are allocated and met.
  • Assist with analysis from an actuarial perspective on project related inquiries.
  • Collaborate and contribute to analyzing of business requirements for new application development and design.
  • Participate in system design walkthroughs and evaluations.
  • Support the development of user acceptance test plans including test strategy, criteria and data identification, resources, and time estimates; implementing and controlling user acceptance test projects, identifying issues with other departments as needed.
  • Assist in development of research plans for new application development.
  • Assist with training on projects to actuarial analysts and others as required.
  • Provide other ad hoc technical review and analysis on issues for external projects as needed.
  • Performs other duties as assigned
What You Bring
  • Associate of the Society of Actuaries (ASA) designation or equivalent experience.
  • 5+ years of applied knowledge of actuarial mathematics, processes, practices, and technical requirements gained through post-secondary education and work experience.
  • Experience with research and analytical, written communication and report writing, and verbal communication skills is required.
  • Interpersonal skills, tact and discretion, and strong client service orientation to deal effectively with a range of stakeholders (i.e., OPTrust senior leadership and employees, Plan sponsors and external service providers).
  • Experience in pension management/administration field and knowledge of legislation, including the Pension Benefits Act, and the Income Tax Act.
  • Effective time management, organizational skills, strong attention to detail, and ability to establish priorities and meet deadlines in a time sensitive environment.
  • Ability to work with minimal direct supervision and to conceptualize and think creatively, critical thinking ability.
  • Proficient with Microsoft Office Suite of products, including strong Excel skills.
  • Experience with ProVal is an asset.
  • Exemplify OPTrust's values: collaboration and teamwork, integrity, respect, flexibility, excellence, and continuous improvement.
Please submit your application via Workday by May 29, 2024.

Serving a membership as diverse as ours and investing in a global market means cultivating an environment that embraces inclusion, diversity and equity in everything we do. We know a diversity of backgrounds, cultures and perspectives are critical to creating long-term value. OPTrust is an organization engaged in building on our unique and diverse strengths. If you require an accommodation at any time during the recruitment process, or have preferred pronouns, please send a message to , or discuss your needs with the Recruitment Consultant during the telephone screen. We will do our best to work with you and provide appropriate accommodation.

We thank all interested applicants, however only those under consideration will be contacted.

  • Senior Actuarial Advisor

    5 days ago

    Toronto, Ontario, Canada Desjardins Full time

    The Analysis and Business Solutions team is looking for a candidate to join as a Senior Actuarial Advisor. Are you interested in working in a multi-disciplinary team with people from various backgrounds (actuaries, data scientists, data specialists) in a motivating environment in which we focus on developing our people? Then you may be the one we are...

  • Actuarial Student

    5 days ago

    Toronto, Ontario, Canada Reinsurance Group of America Full time

    Position Overview The RGA Co-Op/Internship Program is committed to providing students with meaningful work and a chance to gain a wide knowledge of the insurance industry and to network with fellow interns and full-time associates. We provide a welcoming environment where students are encouraged to ask questions and contribute their ideas while expanding...

  • Advisor, Actuarial Analysis and Statistics

    3 weeks ago

    Toronto, Ontario, Canada Desjardins Group Full time

    Do you have good analytical skills? Is there no limit to your curiosity when it comes to innovation? Do you want to learn about commercial lines and help grow our portfolio? Be at the heart of stimulating projects by joining a critical service for the proper functioning and operation of DGIG. Come innovate and change the world of insurance with us A world in...

  • Advisor, Actuarial Analysis and Statistics

    2 months ago

    Toronto, Ontario, Canada Desjardins Group Full time

    Do you have good analytical skills? Is there no limit to your curiosity when it comes to innovation? Do you want to learn about commercial lines and help grow our portfolio? Be at the heart of stimulating projects by joining a critical service for the proper functioning and operation of DGIG. Come innovate and change the world of insurance with us A world in...

  • Advisor, Actuarial Analysis and Statistics

    1 month ago

    Toronto, Ontario, Canada Desjardins Group Full time

    Do you have good analytical skills? Is there no limit to your curiosity when it comes to innovation? Do you want to learn about commercial lines and help grow our portfolio? Be at the heart of stimulating projects by joining a critical service for the proper functioning and operation of DGIG. Come innovate and change the world of insurance with us A world in...

  • Associate Actuarial Partner

    3 weeks ago

    Toronto, Ontario, Canada LifeWorks Inc. Full time

    TELUS Health is empowering every person to live their healthiest life. Guided by our vision, we are leveraging the power of our leading edge technology and focusing on the uniqueness of each individual to create the future of health. As a global-leading health and well-being provider - encompassing physical, mental and financial health - TELUS Health is...

  • Associate Actuarial Partner

    4 weeks ago

    Toronto, Ontario, Canada LifeWorks Inc. Full time

    TELUS Health is empowering every person to live their healthiest life. Guided by our vision, we are leveraging the power of our leading edge technology and focusing on the uniqueness of each individual to create the future of health. As a global-leading health and well-being provider - encompassing physical, mental and financial health - TELUS Health is...

  • Actuarial Student

    3 weeks ago

    Toronto, Ontario, Canada RGA Reinsurance Company Full time

    Position OverviewThe RGA Co-Op/Internship Program is committed to providing students with meaningful work and a chance to gain a wide knowledge of the insurance industry and to network with fellow interns and full-time associates. We provide a welcoming environment where students are encouraged to ask questions and contribute their ideas while expanding...

  • Actuarial Student

    1 month ago

    Toronto, Ontario, Canada RGA Reinsurance Company Full time

    Position OverviewThe RGA Co-Op/Internship Program is committed to providing students with meaningful work and a chance to gain a wide knowledge of the insurance industry and to network with fellow interns and full-time associates. We provide a welcoming environment where students are encouraged to ask questions and contribute their ideas while expanding...

  • Actuarial Student

    1 month ago

    Toronto, Ontario, Canada RGA Reinsurance Company Full time

    Position OverviewThe RGA Co-Op/Internship Program is committed to providing students with meaningful work and a chance to gain a wide knowledge of the insurance industry and to network with fellow interns and full-time associates. We provide a welcoming environment where students are encouraged to ask questions and contribute their ideas while expanding...

  • Actuarial Student

    3 weeks ago

    Toronto, Ontario, Canada RGA Reinsurance Company Full time

    Position OverviewThe RGA Co-Op/Internship Program is committed to providing students with meaningful work and a chance to gain a wide knowledge of the insurance industry and to network with fellow interns and full-time associates. We provide a welcoming environment where students are encouraged to ask questions and contribute their ideas while expanding...

  • Senior Actuarial Advisor)

    5 days ago

    Toronto, Ontario, Canada Swiss Re - Schweizerische Rückversicherungs-Gesellschaft Full time

    Are you looking for an actuarial role that offers more than just a technical challenge? If you are interested in working for an organization where you can partner with colleagues from around the globe to solve both actuarial and business problems, apply today and help shape the future of D&O at CorSo The Americas actuarial team within Swiss Re Corporate...

  • Actuarial Co-op Student

    5 days ago

    Toronto, Ontario, Canada Canada Life Assurance Company Full time

    Job Description: Canada Life, one of Canada's leading life insurance and financial services companies, is seeking Actuarial Students with strong achievements in both their academic studies and Society of Actuaries exams.As an Actuarial Student you are a key member of a highly respected, professional, actuarial team and will have an opportunity to work in the...

  • Principal, Actuarial Consulting

    5 days ago

    Old Toronto, Ontario, Canada LifeWorks Full time

    Principal, Actuarial Consulting page is loaded Principal, Actuarial Consulting Apply locations Halifax, Nova Scotia, Canada Toronto, Ontario, Canada Fredericton, New Brunswick, Canada time type Full time posted on Posted 2 Days Ago job requisition id R-12290 TELUS Health and LifeWorks have recently come together to leverage the power of technology and our...

  • Ict P&C Canada Actuarial Leader

    5 days ago

    Toronto, Ontario, Canada WTW Full time

    ICT P&C Canada Actuarial Leader Toronto, CAMarch 05, 2024We are looking for an Actuarial Property & Casualty (P&C) Director to lead our Canadian Insurance Consulting and Technology (ICT) P&C practice and drive revenue generation for the ICT business by maintaining the strength of WTW's market position. This will involve maximizing revenue from existing...

  • Manager, Valuation

    5 days ago

    Toronto, Ontario, Canada Canada Life Assurance Company Full time

    Job Description: As Manager, Reinsurance Valuation for the Reinsurance Traditional Life block, you will lead actuarial analysts in a variety of engagements, to perform sound valuation analysis and provide assurance over financial reporting activities. The Manager, Reinsurance Valuation reports to the Director, Reinsurance Valuation.What you will do Perform...

  • Business Development Strategic Advisor

    5 days ago

    Toronto, Ontario, Canada Desjardins Full time

    At Desjardins, we believe in equity, diversity and inclusion. We're committed to welcoming, respecting and valuing people for who they are as individuals, learning from their differences, embracing their uniqueness, and providing a positive workplace for all. At Desjardins, we have zero tolerance for discrimination of any kind. We believe our teams should...

  • Commercial Property and Casualy Consultant

    1 month ago

    Toronto, Ontario, Ontario, Canada Egility Full time

    Commercial Property and Casualty ConsultantLocated at the Toronto head office and reporting to the Head of Client Strategy and Communications, the Commercial Property and Casualty Insurance Consultant will provide leadership within the organization. Focusing on strategic risk management and property and casualty consulting expertise for current and...

  • Director Financial Risk Management

    5 days ago

    Toronto, Ontario, Canada Canada Life Full time

    The CompanyA unique opportunity in our Financial Risk Management team to apply your strategic business acumen, technical expertise and strong communication skills to develop guidance and risk advice for senior stakeholders.Great-West Lifeco is an international financial services holding company with interests in life insurance, health insurance, retirement...

  • Client Relations Consultant

    3 weeks ago

    Toronto, Ontario, Canada Beneva, Inc. Full time

    Job Posting Title:Client Relations ConsultantStatus:RegularJob Description:The Client Relations Consultant will have overall accountability for the client relations of the Out of Quebec Disability Management Department and reports to the Director Disability benefits. This role has a wide scope of responsibilities including servicing an in-force block of...