Actuarial Analyst III

Work Location:

Toronto, Ontario, Canada

Hours:

35

Line of Business:

Data & Analytics

Pay Details:

93 100 $/$93, $/$130,000 CADThe pay details posted reflect a temporary market premium specific to this role that is reassessed annually.

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

TD Insurance is part of TD Bank Group, one of Canada's largest financial institutions. TD Insurance helps protect clients from the 'accidents of life' with a wide range of products including credit protection, life, health, travel, home and auto insurance. With more than three million clients, TD Insurance authorized products and services are available online, over the phone, and through a network of more than 1,000 TD Canada Trust branches.

In Canada, TD Insurance operates two lines of business: General Insurance and Life and Health. Our General Insurance business is one of the top home and auto insurance groups in Canada and the national leader in group insurance and affinity marketing. Our Life and Health business is the number one provider of critical illness insurance and direct life and health insurance in Canada.

At TD Insurance, we are committed to fostering an inclusive, accessible environment. With a Canada-wide workforce of over 4,000 employees and offices in Atlantic Canada, Quebec, Ontario and Alberta, our company is always growing and can help you to grow. TD Insurance offers a stable and dynamic work environment where talent is appreciated, and professional development is taken seriously. More than just a job, we offer rewarding careers.

The SBI Product and Underwriting Rules Commercial Auto team manages commercial auto products and underwriting, ensuring alignment with business objectives and regulatory compliance. Reporting to the Product and Underwriting Rules Commercial Auto Senior Manager, the Actuarial Analyst contributes to the implementation of product and underwriting strategies and changes designed to achieve financial targets while adhering to risk tolerance standards.

Responsibilities

• Analyze results and propose changes to support the development of underwriting tactics.
• Assist in the optimization of underwriting processes, emphasizing straight-through processing.
• Support the creation of business cases for underwriting or product management initiatives.
• Collaborate with colleagues to design and implement new insurance products and underwriting rules.
• Monitor and analyze product and underwriting performance and recommend improvements.
• Communicate with internal and external partners and stakeholders.
• Provide support on underwriting or product issues to business partners.
• Contribute to a culture of innovation to enhance underwriting capabilities and align with business goals.
• Promote effective risk management and control processes consistent with organizational risk appetite.

KEY ACCOUNTABILITIES

CUSTOMER

• Direct, prepare, perform, and analyze actuarial research and audits and ensure risk mitigation and business growth objectives are aligned
• Develop, calculate and checks policy values; profit studies, reserve programs, rate files, and procedures; and assists in preparing actuarial portion of financial reports and tax returns
• Develop appropriate monitoring reports for analyzing company underwriting and claims experience
• Review and interpret the indications of standard actuarial techniques, and recognize situations that require modifications to normal procedures
• Coordinate the preparation of documentation to support actuarial conclusions
• Provide technical support for development of insurance plans and programs

SHAREHOLDER

• Develop and enhance functional procedures including review for actuarial soundness
• Ensure maintenance of controls, policies and procedures for the actuarial function
• Support implementation of best practices, risk mitigation, risk controls as well as process, policy and procedures for the actuarial function.
• Assist with organization's financial structure, complete financial projections, and perform actuarial analysis
• Adhere to enterprise frameworks or methodologies that relate to activities for our business area
• Ensure respective programs/policies/practices are well managed, meets business needs, complies with internal and external requirements, and aligns with business priorities
• Ensure business operations are in compliance with applicable internal and external requirements (e.g. financial controls, segregation of duties, transaction approvals and physical control of assets)
• Participate in cross-functional / enterprise / initiatives as a subject matter expert helping to identify risk / provide guidance for complex situations
• Conduct internal and external research projects; support the development/ delivery of presentations / communications to management or broader audience
• Lead / facilitate and/or implement actions / remediation plans to address performance/risk/governance issues
• Actively manage relationships within and across various business lines, corporate and/or control functions and ensure alignment with enterprise and/or regulatory requirements
• Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts
• Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite
• Monitor service, productivity and assess efficiency levels within own function and implement continuous process / performance improvements where opportunities exists

EMPLOYEE / TEAM

• Participate fully as a member of the team, support a positive work environment that promotes service to the business, quality, innovation and teamwork and ensures timely communication of issues/points of interest
• Provide thought leadership and/ or industry knowledge for own area of expertise and participate in knowledge transfer within the team and business unit
• Keep current on emerging trends/ developments and grow knowledge of the business, related tools and techniques
• May provide guidance on day to day professional work of other team members / actuarial analysts
• Participate in personal performance management and development activities, including cross training within own team
• May supervise other team members / actuarial professionals and/or provide day to day work direction where appropriate
• Keep others informed and up-to-date about the status / progress of projects and / or all relevant or useful information related to day-to-day activities
• Contribute to team development of skills and capabilities through mentorship of others, by sharing knowledge and experiences and leveraging best practices.
• Lead, motivate and develop relationships with internal and external business partners / stakeholders to develop productive working relationships.
• Contribute to a fair, positive and equitable environment that supports a diverse workforce
• Act as a brand ambassador for your business area/function and the bank, both internally and/or externally

BREADTH & DEPTH

• professional role requiring in-depth knowledge / expertise in own domain / field of specialty and working knowledge of broader related areas
• Acts as a subject matter expert within their own area of specialty or a resource for others
• Leads projects of moderately to complex risk and resource requirements; may lead end-to-end processes or functional programs
• Solves complex problems requiring analysis of multiple variables, including consultation with multiple stakeholders
• Uses advanced methods to contribute to new solutions and recommend standards against which others will operate
• Builds stakeholder alignment in leading projects and activities; may provide process and subject matter advice at senior levels
• Solves moderately complex problems by taking a new perspective on existing solutions
• Generally reports to a Manager / Senior Manager

EXPERIENCE & EDUCATION

• 5+ years of related experience.
• Generally working towards a Fellowship
• More than five years of actuarial experience in Property & Casualty Insurance.
• Commercial insurance knowledge is considered beneficial.
• Bachelor's degree in Actuarial Sciences or a related field.
• Fellow of the Casualty Actuarial Society (FCAS) designation obtained or in progress.
• Proficient in Excel.
• Interest and proficiency in programming languages such as SQL and R.
• Advanced analytical, decision-making, and problem-solving abilities.
• Leadership qualities and strong teamwork skills.
• Client-focused with solid organizational and communication skills.
• Ability to communicate effectively in English; French language skills are advantageous.
• Autonomous, perseverant, and demonstrate initiative and creativity.
• Recognized for thoroughness and quality of work.

Who We Are:

As part of TD Bank Group, one of Canada's largest financial institutions, at TD Insurance, we care for Canadian families, making it easy to get the best advice, protection, and support in their moments of need, always.

TD Insurance offers a wide range of products, including General Insurance and Life and Health. More than four million customers count on us.

As the largest direct to consumer insurer in Canada, we are always innovating and providing exciting and rewarding career opportunities for our Canada-wide workforce.

Our Total Rewards Package

Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more

Additional Information:

We're delighted that you're considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we're committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development

If you're interested in a specific career path or are looking to build certain skills, we want to help you succeed. You'll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we're committed to helping you identify opportunities that support your goals.

Training & Onboarding

We will provide training and onboarding sessions to ensure that you've got everything you need to succeed in your new role.

Interview Process

We'll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation

Your accessibility is important to us. Please let us know if you'd like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you

Language Requirement (Quebec only):

Sans Objet