Actuarial Assistant/analyst, Product Actuarial

3 weeks ago

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 model errors, including the impact of changing assumptions or inputs on the output of the model
- Become familiar with Moody’s AXIS software to support development of high quality pricing models
- Follow pricing guidelines, standards, and policies while supporting development of pricing assumptions and production of cash flow projections, profit metrics, and other model output
- Contribute written content to product reports and continue to build knowledge and expertise in preparation for presenting pricing analysis to Actuarial Advisory Group
- Provide visibility to pricing actuaries on opportunities to improve existing processes or risks associated with work being performed
- Support the production of performance monitoring and planning deliverables such as Value of New Business reporting and the New Business Plan models.
- Identify opportunities to improve the structure or maintenance of pricing infrastructure such as models, reports, documentation, and spreadsheets
- Includes automation, auditability, and compliance with policies and standards
- Develop understanding of how the Product Actuarial team interacts with other Foresters departments such as Corporate Actuarial, Risk Management, Finance, Planning, Sales, IT, and Product Management
- Communicate results of pricing analysis to fellow team members and other actuarial professionals within Foresters
- Key qualifications/competencies
- Bachelor’s degree in mathematics, science, business, economics, or another relevant field
- One (1) year of actuarial experience in a life or health insurance company an asset
- Demonstrated progress through the SOA and CIA education and examination process
- Communication skills required to progressively deal with both technical and non-technical audiences with diverse professional backgrounds
- Capable of performing bottom up checking of processes or models to ensure accuracy of results
- Develop ability to recognize when models or analysis contains errors and troubleshoot
- Demonstrated ability to recognize when conflicting information or lack of information could affect analysis and work with manager or teammates to resolve
- Proactively recommend possible solutions, including ones based on knowledge acquired by passing actuarial exams
- Ability to become expert with Moody’s AXIS and Microsoft Excel, Word, PowerPoint essential. Current experience with these tools an asset.
- Innovative thinker and problem solver
- Willingness to think outside the box, especially from a contrarian perspective
- Ability to develop project and time management skills as responsibilities increase
- Develop and maintain current knowledge of life insurance products in the U.S. and Canada
- Begin to gain familiarity with product regulations and other external standards
- Begin to develop familiarity with other Foresters Corporate / Group functions such as financial reporting, ALM, Capital Management, Risk Management or Business Planning
- #LI-Hybrid

Equal Opportunity Employment and Inclusion - _at Foresters Financial, we are committed to sustaining an equal opportunity environment for all job applicants. We embrace Inclusion, Diversity and Equity (IDE) as a core strategic objective for building strong, innovative teams in which all our employees can show up wholly and authentically as themselves._
- in advance of your appointment._

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