Corporate Actuary

3 weeks ago

Toronto, Canada ISI Group of Companies Full time

Insurance Supermarket, a rapidly growing its USA and Canadian individual insurance sales that it administers post-sale. They finance their operations by securitizing a portion of their cashflows with reinsurers and other securitization counterparties. We seek an experienced actuary, reporting to the CFO, who will articulate and implement the actuarial control cycle within ISI and help with the management and analysis of our securitization process.

**Core Competencies**
- Advanced mathematical and statistical skills
- Excellent analytical and problem-solving abilities
- Strong communication and interpersonal skills
- Ability to manage multiple projects and prioritize effectively
- Detail-oriented with a strong attention to accuracy
- Insurance Knowledge
- Attention to detail
- Time Management
- Planning and Organizing
- Tech Skills
- Problem Solving
- Communication
- Adaptability & flexability

**Job Duties**
- Articulate the specific elements and structure of the actuarial control cycle for Insurance Supermarket.
- Design management and operational reports for monitoring and addressing risks on multiple time scales (days to decades).
- Maintain a repository of third party and market studies that support macroeconomic impacts on lapse rates.
- Conduct and regularly update experience studies of policyholder behavior, intermediary behavior, and mortality.
- Maintain market benchmarking on lapse rates and how they compare to Insurance Supermarket's when factoring in differences due to demographics and distribution channels.
- Conduct and regularly update expense analyses and studies.
- Project expenses based on company growth into new product lines or geographies.
- Project company cash flows based on assumptions of policyholder behavior, mortality, and expenses.
- Conduct sensitivity testing, identify risks, and recommend risk mitigation approaches to Insurance Supermarket operations.
- Assist in the preparation of financial statements with a focus on revenue assumptions.
- Monitor the performance of the existing securitization book.
- Develop proposals and interact with securitization partners for purposes of entering into new securitization transactions.
- Interact with external parties, such as consulting actuaries and rating agencies, to communicate the unique context and strength of Insurance Supermarket's risk monitoring and capitalization approach.

**Requirements**:

- Fellow of the SOA or CIA.
- 5 years of experience in a corporate actuarial function.
- Understanding of the actuarial control cycle.
- Excellent mathematical, modeling, and analytical skills.
- Familiarity with experience studies methodologies.
- Strong communication skills.
- Ability to work effectively as a team player.

**What we offer**:

- Paid vacation time and personal days.
- Health and dental benefits, as well as an Employee Assistance Program (EAP).
- Opportunity to work with engaged and professional team and colleagues.
- Ongoing professional development and training.
- Opportunities to participate in fun organization activities, such as our Holiday and Summer parties.
- Financial incentives and time off for actuarial exams.

As a Corporate Actuary at Insurance Supermarket, you will have the opportunity to make a significant impact on our business while enjoying competitive compensation and benefits, ongoing professional development, and a supportive team environment.

**Who we are**:
With operations in Canada and US, Insurance Supermarket Group of Companies, including Specialty Life Insurance. is one of the largest and fastest growing independently owned Insurance Technology companies in North America. We offer comprehensive Life Insurance products that help many North American with their life insurance needs. Over 250,000 Canadians a year have relied on our advice, and we have provided more than 10 billion dollars in insurance coverage.

Our team of professionals has been proudly helping Canadian consumers with their life insurance needs for over 13 years. Our employees are professional, proactive, passionate, team players and persevere in the face of challenges.

We hire individuals based not only on their expertise, but also on their passion for helping others, and those who live by our core values every day. Our position will appeal to individuals who want to work for an exciting and growing organization and are mature and self-motivated - we look forward to meeting you
- Specialty Life is also committed to providing barrier-free and accessible employment practices in compliance with the Accessibility for Ontarians with Disabilities Act (AODA). Please let us know if you require accommodation at any stage of the recruitment process._
- #SCAD_

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