Actuarial Analyst

2 weeks ago

Toronto, Canada Insurance Bureau of Canada Full time

**Department**: Facility Association

**Location**: Work from home remote / 777 Bay Street, Toronto, ON

**Status**: Full Time

**Posting Date**: 2023-03-24T04:00:00Z

**Expiry Date**:
**About Facility Association**:
Facility Association ensures the availability of automobile insurance to owners, lessees and licensed drivers of motor vehicles who are eligible. We are an unincorporated non-profit association of insurers. FA operates in Ontario, Alberta, Newfoundland and Labrador, New Brunswick, Nova Scotia, Prince Edward Island, Yukon, Nunavut, and Northwest Territories. Every insurer licensed to write automobile liability insurance in these jurisdictions is a member of Facility Association. The affairs and business of FA is managed and controlled by a Board of Directors with authority Canada-wide. The President and CEO is responsible for the day-to-day operations of the organization and management of staff.

**About The Role**:
The FA actuarial team offers opportunities to work collaboratively in valuation, pricing and data analytics, and to work with stakeholders in the claims, underwriting and finance departments, as well as our member companies and external stakeholders. This specific role focuses on valuation (reserving), with future opportunities for rotation to different departments as well as opportunities to work on cross-functional projects.

**Duties and Responsibilities**:

- Contribute to analyses using actuarial data, (reserve valuation, financial projections, financial reporting, ad-hoc analysis, etc.), disclose relevant assumptions, observations and conclusions to the appropriate stakeholders within the established timelines.
- Maintain and improve actuarial databases and queries; reconcile data, identify data issues and propose actions to correct them.
- Create and update reports and exhibits on key business metrics to support decision-making, management reporting and communications with internal and external stakeholders.
- Conduct valuation analyses of claims liabilities and work with the valuation actuary to select appropriate IBNR provisions, payment patterns and loss ratio projections at a reserving segment level.
- Maintain documentation and risk controls throughout the actuarial processes.
- Develop presentation and/or communication materials for member committees, internal stakeholders, rating agencies, regulatory and industry presentations.

**Experience and Qualifications**:
As an **actuarial analyst**, you demonstrate:

- University or college degree in actuarial science, mathematics, statistics or a related field
- 2+ years of experience in Property & Casualty insurance related to reserving, valuation, pricing, capital modeling and/or data science
- Strong knowledge of Microsoft Office software (Excel, Access, Word, PowerPoint)
- Strong knowledge of at least one programming language (SQL, SAS, VBA, Python, R, etc.)
- Strong analytical and problem-solving skills
- Strong verbal/written communication skills
- Ability to work independently and with a team to contribute to the successful delivery of time-sensitive projects
- Ability to prioritize and manage multiple deliverables
- Detail and deadline oriented
- 2+ CAS exams
- 2+ years of Canadian Property and Casualty reserving experience is an asset
- Experience using GISA/IBC data and exhibits (i.e. Canadian automobile insurance industry statistical data) is an asset
- Experience with Milliman Arius valuation software is an asset

**Please send résumé to**:
**Facility Association**
- This position qualifies under the FA Employee Referral Program. _
- Facility Association is committed to providing accommodation for people with disabilities. Applicants need to make their needs known in advance._
- FA is proud to be an equal opportunity employer. Alongside a commitment to excellence, FA is also committed to building a diverse working environment with hiring practices that encourage diversity in all its forms, including race, gender, sexual orientation, religion and ethnicity, among others. _
- Please be advised that only those applicants who are selected for interviews will be contacted._

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