Actuarial Technical Specialist, Strategic Risk
7 months ago
Job ID : 7047
Category : Corporate Actuarial & Risk
Brand : Definity
Regular/Temporary : Regular
Fulltime/Parttime : Full Time
Location : Waterloo, Canada
Definity includes some of Canada’s most long-standing and innovative insurance brands, including Economical Insurance, Sonnet Insurance, Family Insurance Solutions, and Petline Insurance. With strong roots that date back to 1871, we’ve grown to become a digital leader in the insurance industry. We’re proud to help our clients and communities adapt and thrive in a world of constant change.
Our promise to you: It’s better here. Why? Because we CARE, and we provide an employee experience that’s collaborative, ambitious, rewarding, and empowering.
Our ambition is to be one of Canada’s leading and most innovative P&C insurers. Come be a part of our journey, and love what you do.
Definity offers a flexible, hybrid work experience where employees work from the office and virtually depending on the type of work they are doing and who they are working with. Leaders partner with their teams to find the right balance of on-site and remote work that best meets the needs of their teams, colleagues, brokers and customers, while ensuring collaboration, teamwork and accountability for goals.
**What can you expect in this role?**
- Perform the Financial Condition Testing process, including deciding on stress scenarios, refreshing the model with latest assumptions, running the scenarios and interpreting the results. Also make enhancements to the FCT model and explore other modelling platforms.
- Assist in the setting of capital targets for the enterprise.
- Support Risk Management initiatives such as Catastrophe modelling, Aggregation/Concentration monitoring, and assessing impact of climate change from both a Capital & Risk Management perspectives
- Assist with the strategic goals of the company such as M&A activity, limiting catastrophe risk, and assessing viability of business decisions from a Capital standpoint
- Work collaboratively with other Actuarial teams such as Reserving, Planning, and external teams such as Finance, Reinsurance, Enterprise Risk Management (ERM) to solve complex problems, and provide recommendations to management.
- Identify opportunities for process efficiencies, and recommend changes
- Support leader in coaching and counselling of junior team members
**What do you bring to the role?**
- University degree in any one of the following programs: Actuarial Sciences, Mathematics, or Statistics
- **Completed a minimum of 5 exams of the Casualty Actuarial Society or equivalent credentials. Passing Exam 6-C and/or 9 would be an asset**:
- **At least 5 years of full-time actuarial experience in the insurance industry**:
- **Knowledge of Capital modelling, FCT, & IFRS 17 would be an asset**:
- Ability to work independently and collaborate with cross-functional teams
- Results-driven mindset with a focus on driving business performance
- Proficiency in actuarial software and programming languages (Excel, VBA, SQL, etc.)
- Strong communication and presentation abilities to convey complex concepts
**Salary range is $75,700 - $152,300.**
LI-JG1
**Go ahead and expect a lot — you deserve it, and we’ve got it**:
- Hybrid work schedule for most roles
- Company share ownership program
- Pension and savings programs, with company-matched RRSP contributions
- Paid volunteer days and company matching on charitable donations
- Educational resources, tuition assistance, and paid time off to study for exams
- Focus on inclusion with employee groups, support for gender affirmation surgery, access to BIPOC counsellors, access to programs for working parents
- Wellness and recognition programs
- Discounts on products and services
**Background checks**
This role requires successful clearance of a background check (including criminal checks and leadership references).
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