Manager, Actuarial

4 months ago


Toronto, Canada TD Bank Full time

**Work Location**:
Canada

**Hours**:
37.5

**Line of Business**:
Data & Analytics

**Pay Details**:
**Model Development**
**Implement valuation model requirements arising from the transition to the IFRS17 Accounting Standard. The Manager will be responsible for the transformation of the AXIS valuation model used by the Corporate Actuarial L&H team to fit IFRS17 specifications. Calculations outside of AXIS will need to be reviewed for appropriateness under IFRS17. As the owner of the AXIS model, the modelling of new business requirements and ad hoc changes will also fall under the purview of this role. The Manager will work with and communicate changes to the Production and IFRS17 Project teams.**

**The Manager will be responsible for testing model outputs from AXIS and AXIS Link, as well as managing all inputs required for the SAS Solution for IFRS17. Changes to models should be tested for accuracy with financial impacts communicated to business partners. Responsibilities also include validating balance sheet entries and P&L results for insurance contracts with Finance and Accounting partners.**

**Database Management and Controls**
**The Manager will maintain inforce extracts and policy movement tables necessary for IFRS17 valuation. They will communicate requirements to the IT and Data Analytics teams to ensure policy and transactional data is accurate and optimized for these purposes. The Manager will design controls to ensure data is tested and appropriate for valuation, with clear documentation of all processes.**

**This position is an independent contributor role with no direct reports. Applicants not meeting all requirements may be considered for this role as a Senior Analyst.**

**Reporting to the Senior Manager, IFRS17 and Special Projects.
**Job Description**:
**Accountabilities**
- **Model Development**:

- **Communicate with Corporate Actuarial colleagues to understand modelling requirements;**
- **Perform AXIS coding to model new IFRS17 requirements;**
- **Improve existing models for accuracy and efficiency;**
- **Quantify the impacts of modelling changes in terms of reserve and capital; and,**
- **Validate model results for accuracy and reasonability;**
- **Data Management**:

- **Review and ensure data inputs are appropriate for IFRS17 modelling needs;**
- **Work with technology and data teams to ensure extracts are accurate and all IFRS17 requirements have been implemented;**
- **Optimize the flow of data from source extract to AXIS valuation input;**
- **Establish controls for the use of data in actuarial modelling and finance reporting; and,**
- **Ensure proper documentation exists for data processes.**

**Job Requirements**:
**Qualifications and Education Guidelines**
- **Communication**:

- **Ability to communicate effectively in English, both verbally and in writing. French is an asset.**
- **Expertise with technical language and concepts.**
- **Proficient in communicating technical concepts to a non-technical audience.**
- **Analytical Skills**:

- **Has strong problem-solving and critical thinking skills. Produces high quality work.**
- **Proficient with Moody's AXIS software, including AXIS Link.**
- **Demonstrated strength with Excel, MS Access and other database or analytical software.**
- **Knowledge of SAS Solution for IFRS17 is an asset.**
- **Experience with SAS, SQL, R, Python, Tableau or equivalent considered an asset.**
- **Work Management**:

- **Projects a professional image and acts accordingly.**
- **Has effective and developed organizational ability.**
- **Takes responsibility for projects and executes plans in a timely manner.**
- **Ability to work independently and manage deadlines during periods of stress.**
- **Professional Guidelines**:

- **Bachelor's degree in actuarial science, or other quantitative area of study.**
- **Working towards Fellowship with the Society of Actuaries and Canadian Institute of Actuaries.**
- **Minimum 5 years of Life & Health Insurance actuarial experience.**
- **Minimum 2 years of IFRS17 AXIS modelling experience.**

**Who We Are**:
**TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.**

**TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you’ve got years of banking experience


  • Actuarial Manager

    7 months ago


    Toronto, Canada TD Bank Full time

    **Work Location**:Toronto, Ontario, Canada **Hours**:35 **Line of Business**:Data & Analytics **Pay Details**: **Department Overview** TDI Insurance Risk Management (IRM) is accountable for the IRM program across TDI, relying on key activities and deliverables embedded within the accountabilities of business process, risk and control owners (first line)....

  • Actuary

    2 months ago


    Toronto, Canada Munich Reinsurance Company of Canada Full time

    Actuary **Company** Munich Reinsurance Company of Canada **Location** Toronto, Canada **Actuary** **We care for humankind - and that starts with our people** Our greatest strength lies not in what we do - but how we do it. It’s the unique individual behind every piece of work who matters the most. Our people make Munich Re a global success. Working at...

  • Manager, Actuarial

    2 days ago


    Toronto, Canada Intact Full time

    From coast-to-coast, our inspiring colleagues are at the heart of what we do best: helping people, businesses and society prosper in good times and be resilient in bad times. With our team, you’ll bring this purpose to life every day by living our Values, being open to change, and pursuing your goals. In return, we’ll give you countless opportunities to...

  • Manager Actuarial

    2 months ago


    Toronto, Canada Northbridge Financial Corporation Full time

    **What it’s like to be a Northbridge Pricing Actuarial Manager** Our Actuarial Pricing Managers work hard to provide support to their Pricing Analysts, as well as the Underwriting department; providing insight and information which allows them to best serve our customers. They use their strong Actuarial knowledge and Leadership skills to help price our...

  • Actuary, Pricing

    3 months ago


    Toronto, Canada Foresters Financial Services, Inc. Full time

    Career Opportunity Role Title Actuary, Pricing Purpose of role The Actuary, Pricing is a senior leader responsible for leading the development of innovative product solutions in support of Foresters Financial Purpose. They will be expected to demonstrate expertise in at least one technical area of importance to product pricing, and ensure compliance with...


  • Toronto, Canada IVARI Full time

    **Welcome to **_ivari_**: Let us introduce ourselves. With 300 employees across Canada,_ ivari_ is a company that’s making a difference in the world of life insurance. How? By finding and hiring employees who are passionate about helping people protect their families, and by giving them the best, most supportive workplace possible. At _ivari_, everyone is...


  • Toronto, Canada IVARI Full time

    **Welcome to **_ivari_**: Let us introduce ourselves. With 300 employees across Canada,_ ivari_ is a company that’s making a difference in the world of life insurance. How? By finding and hiring employees who are passionate about helping people protect their families, and by giving them the best, most supportive workplace possible. At _ivari_, everyone is...

  • SVP, Actuary

    7 months ago


    Toronto, Canada CNA Full time

    JOB DESCRIPTION : Essential Duties and Responsibilities Performs a combination of duties in accordance with departmental guidelines: Partners with senior management to develop strategic and operational plans that have a substantial impact on both the short and long-term successes of the company. Oversees all company actuarial practices, including...

  • Actuarial Analyst

    7 months ago


    Toronto, Canada AIG Full time

    Who we are American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse...


  • Toronto, Canada Foresters Financial Services, Inc. Full time

    Career Opportunity Role Title Actuarial Assistant/Analyst, Product Actuarial - 12 month contract Purpose of role **Job Description**: Key responsibilities/accountabilities - Support pricing actuaries in the production of deliverables for product initiatives in partnership with Product Management - Understand how pricing models work and detect potential...

  • Actuary

    7 months ago


    Toronto, Canada THE EMPIRE LIFE INS. CO Full time

    **Actuary**: **Location: Hybrid - Anywhere in Canada** Empire life is looking to hire an Actuary to join our Risk Management team! **Why pursue this opportunity** **Play an integral role**: - this is an opportunity that allows for you to grow your skills, while directly contributing to the business unit you are a part of. **The opportunity**: -...


  • Toronto, Canada Scotiabank Full time

    Requisition ID: 205023 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. As the Manager, Actuarial Services, you will contribute to the success of the Insurance Canada division, ensuring specific goals, plans and initiatives are delivered in support of the team’s valuation and reporting requirements....

  • Actuarial Advisor

    7 months ago


    Toronto, Canada Ontario Pension Board Full time

    **Actuarial Advisor, Actuarial Services** As a key member of the Actuarial Services team at Ontario Pension Board (OPB), the Actuarial Advisor will provide in-house actuarial services and support the day-to-day operations of the function. Supporting strategic priorities and actuarial initiatives directed by OPB and the Plan Sponsor’s business, the...


  • Toronto, Canada OMERS Full time

    Choose a workplace that empowers your impact. Join a global workplace where employees thrive. One that embraces diversity of thought, expertise and experience. A place where you can personalize your employee journey to be — and deliver — your best. We are a purpose-driven, dynamic and sustainable pension plan. An industry leading global investor with...


  • Toronto, Canada RSM US LLP Full time

    We are the leading provider of professional services to the middle market globally, our purpose is to instill confidence in a world of change, empowering our clients and people to realize their full potential. Our exceptional people are the key to our unrivaled, inclusive culture and talent experience and our ability to be compelling to our clients. You’ll...

  • Actuarial Associate

    1 week ago


    Toronto, Canada Munich Reinsurance Company of Canada Full time

    Actuarial Associate **Company** Munich Reinsurance Company of Canada **Location** Toronto, Canada **Actuarial Associate** **We care for humankind - and that starts with our people** Our greatest strength lies not in what we do - but how we do it. It’s the unique individual behind every piece of work who matters the most. Our people make Munich Re a...

  • Pricing Actuary

    6 months ago


    Toronto, Canada Arch Capital Group Ltd. Full time

    With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠. Department: Actuarial Location: Toronto, ON or Montreal,...


  • Toronto, Canada Gore Mutual Insurance Full time

    **We are on a new path called NEXT HORIZON** The insurance industry is changing at an exponential pace, driven by changing customer experience, climate change and technology. In response Gore Mutual is making bold moves to reposition our company as a purpose driven, digitally led national insurer. Next Horizon is our 10-year vision and strategy that sets a...


  • Toronto, Canada WTW Full time

    **Description**: In this role, you will be an Associate Director of the Canadian Affinity actuarial team, overseeing the management of key actuarial and analytical client deliverables, along with an expanding team of actuaries and analysts, delivering best-in-class analyses and results to clients. Our work primarily relates to lines of business where...

  • Avp & Actuary

    1 month ago


    Toronto, Canada Zurich Insurance Full time

    **The Opportunity Are you looking for a caring, collaborative, values-driven workplace with inspiring teammates and leaders? Do you have the ambition and desire to be the best and thrive at the most impactful global insurance provider in the world? Look no further than Zurich Canada. If you have experience as an Actuary and are looking for a new challenge,...