Actuarial Associate

2 days ago

Toronto, Ontario, Canada OMERS Full time
About the Role

We are seeking a highly skilled Actuarial Associate to join our team at OMERS. As a key member of our Actuarial Services group, you will play a critical role in supporting the delivery of actuarial services to our pension plans.

Key Responsibilities
  • Prepare and review benefit calculations, including actuarial and subject matter support for the Pensions team.
  • Prepare, organize, and interpret membership data files for actuarial valuation purposes.
  • Use internal actuarial valuation systems to generate results for annual funding valuations, projection valuations, and other valuation costing scenarios.
  • Prepare reports and presentation materials for senior management and the AC and SC Boards.
  • Collaborate with the Finance team on actuarial forecasts and the Risk team on risk metric calculations.
  • Assist the Strategy & Actuarial team with technical and analytical activities, including trend and sensitivity analyses, benefit provision utilization analyses, actuarial studies, and actuarial regulatory disclosures.
  • Assist with the development and testing of systems and analytical tools to maintain top-tier delivery of in-house actuarial services.
  • Use a working knowledge of OMERS pension plan texts and relevant administration practices to raise, triage, or resolve issues.
  • Assist with the review of accuracy and completeness of publications, communication materials, and financial statements.
  • Stay up-to-date on regulatory/policy changes, new OMERS initiatives, and trends in the actuarial profession and pension industry to ensure OMERS remains informed, up-to-date, and compliant.
Requirements
  • University degree in actuarial science, statistics, or mathematics.
  • Demonstrated progress towards attainment of Associateship/Fellowship of the Canadian Institute of Actuaries.
  • Two to five years of pension or financial industry work experience.
  • Knowledge of Canadian pension legislation.
  • Highly analytical abilities with a mathematical aptitude and a proven understanding of actuarial principles, statistical concepts, and interest theory.
  • Strong organizational skills with the ability to manage own workload, delivering accurate work in a timely manner.
  • Ability to identify and implement process enhancements or automate tasks to ensure activities are completed efficiently.
  • Strong aptitude for technology, including proficiency in Excel, PowerPoint, and actuarial valuation software.
About OMERS

As one of Canada's largest defined benefit pension plans, OMERS is committed to an inclusive, barrier-free recruitment and selection process. We are an equal opportunity employer and welcome applications from diverse candidates. Our people-first culture is at its best when our workforce reflects the communities we live and work, and the members we proudly serve.

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