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Corporate Actuarial Manager

1 month ago

Toronto, Canada Meloche Monnex Inc. Full time

Description

:

Job description:

The main responsibilities of the Corporate Actuarial Manager in the Strategic Planning team include:

• Preparation of Budget and Forecasts

The responsibility is to provide an estimate of future expected loss ratios for a five year time horizon using appropriate assumptions and methods. The expected loss ratio is the main component of the Budget/Forecasts and requires a very good understanding of the business, including future changes in terms of product offer and product changes. Expected claims costs have to be projected and if not done properly, profit or growth objectives will significantly be impacted. The projection includes an estimate a future reserve variations which are used to project investment returns, a projection of future fiscal year claims expenses and is used as the main input to the FCT process.

• Reporting

The responsibility relates to building meaningful reports on actual vs planned premium projections, claims experience on a frequency and severity basis, and monthly financial results that provide insightful information to management that will allow for appropriate decision making. 

• Governance/Miscellaneous

Implement risk mitigation, risk controls as well as processes, policies and procedures for the team and support the other Corporate Actuarial teams during peak time.

• Other Projects

Support other corporate actuarial processes as needed including actuarial valuations, appointed actuary's report, FCT and ECAP modeling.

• Leadership and People Management

- Lead a team of two actuarial analysts.

- Develop talent and manage performance reviews of team members.

- Act as a coach and mentor for team members.

- Provide team members with development opportunities within and outside the business unit.

- Support recruiting strategy to hire best potential.

- Participate actively as a leader to TD activities, notably in TDI Corporate Actuarial and Risk Management teams.

- Present forecasts to executives and act as a subject matter expert.

- Manage efficiently external requests

- Respect TD Framework and Shared Commitments.

Job requirements:

• Professional Requirements:

- Bachelor degree in Actuarial science, or other quantitative area of study.

- Acquired or working towards Fellowship with the Casualty Actuarial Society, Canadian Institute of Actuaries or equivalent.

- Minimum of 7 years of Property & Casualty ("P&C") actuarial experience including relevant people management experience.

• Analytical/Technical Skills:

- Has strong problem-solving skills.

- Skilled at anticipating the results of an analysis or a report.

- Recognized for thoroughness and the quality of their work.

- Shows initiative, creativity and critical thinking in their work.

- Has work experience with MS Excel(VBA) and other programming languages (eg. R/SAS/Python).

- Ability to make good decisions quickly when the situation so requires.

• Soft Skills:

- Ability to communicate effectively in English, both verbally and in writing. French is an asset.

- Highly adaptable for having discussions with different stakeholders in terms of expertise, training and hierarchical position.

- Ability to work effectively during periods of stress.

- Ability to collaborate and build positive relationships with team members and business partners.

- Autonomous and perseverant.

- Fosters team spirit and loyalty to the company.

- Motivated by people management and talent development.

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.
 

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.

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:

Maîtrise d’une langue autre que le français pour offrir du soutien ou traiter avec des employés ou des collègues qui ont besoin de services et de soutien dans une langue autre que le français /This position requires proficiency in a language other than French to support or deal with customers who require services and support in a language other than French.

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