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Actuarial Technical Specialist

2 months ago


Toronto, Ontario, Canada Definity Financial Full time
About the Role

We are seeking an experienced Actuarial Technical Specialist to join our team at Definity Financial. As a key member of our Corporate Actuarial department, you will play a critical role in supporting our Financial Condition Testing (FCT) and Economic Capital Modelling (ECM) processes.

Key Responsibilities
  • Financial Condition Testing (FCT): Perform the FCT process, including deciding on stress scenarios, refreshing the model with latest assumptions, running the scenarios and interpreting the results. Make enhancements to the FCT model and explore other modelling platforms.
  • Economic Capital Modelling (ECM): Contribute to ECM activities, including Own Risk and Solvency Assessment (ORSA) Stress Testing and Reporting.
  • Capital Target Setting: Assist in the setting of capital targets for the Enterprise.
  • Risk Management Initiatives: Support Risk Management initiatives such as Catastrophe modelling, Aggregation/Concentration monitoring, and assessing impact of climate change from both a Capital & Risk Management perspectives.
  • Business Decision Support: 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.
  • Collaboration and Communication: 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.
  • Process Efficiency: Identify opportunities for process efficiencies, and recommend changes.
  • Leadership and Development: Support leader in coaching and counselling of junior team members.
Requirements
  • Education: University degree in Actuarial Sciences, Mathematics, or Statistics.
  • Actuarial Experience: Completed a minimum of 6 exams of the Casualty Actuarial Society or equivalent credentials. Passing Exam 6-C and/or 9 would be an asset.
  • Industry Experience: At least 5 years of full-time actuarial experience in the insurance industry.
  • Skills and Knowledge: 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.
What We Offer
  • Competitive Salary: $77,700 - $157,000.
  • Hybrid Work Schedule: Flexible work arrangement with a mix of office and remote work.
  • Company Share Ownership Program: Opportunity to own shares of Definity Financial.
  • Pension and Savings Programs: Comprehensive pension and savings plans, including company-matched RRSP contributions.
  • Paid Volunteer Days: Paid time off to volunteer and give back to the community.
  • Educational Resources: Access to educational resources, tuition assistance, and paid time off to study for exams.
  • Inclusive Work Environment: Support for diversity, equity, and inclusion, including employee groups, support for gender affirmation surgery, access to BIPOC counsellors, and access to programs for working parents.