Senior Specialist, Actuarial Services

2 months ago

Montreal, Canada CMHC Full time

Job Requisition ID: 10537

Position Status:  Permanent Full Time 

Position Type:  Hybrid 

Office Location:  Toronto (ON); Calgary (AB); Halifax (NS); Montreal (QC); Ottawa (ON); Vancouver (BC)

Travel Requirement:  Limited 

Language Designation:  English Essential 

Language Skill Levels (Read/Write/Speak):  ZZZ 

Salary:  Our salaries generally range from $ 99646.37 to $ 124557.97 and are based on qualifications and experience. 

About CMHC

The work you do and the work we do together matters. We come to work every day with a common purpose: to contribute to a well-functioning housing system.

At CMHC, we hold ourselves accountable for our results and support our colleagues in their achievements. We thrive on collaboration , connecting across CMHC and involving the right people to get our work done. We have  flexibility , in how, when, and where we work, within the boundaries of the business needs and the nature of your role. Our leadership style is guided by trust , where our leaders favour an adaptive approach based on the needs of their teams.

Join us and be part of a team that's committed to making a real difference and be part of something meaningful.

What’s in it for you

We’ve got the purpose, the people and the perks you need for a fulfilling career. Here’s the comprehensive and generous benefits you get when you’re a permanent employee:

Annual Paid vacation. Annual individual performance incentive. Defined benefit pension plan. Comprehensive group insurance plan to support your well-being from day one. Support towards your personal and professional growth with training, mentorship and more.  An inclusive workplace culture and environment. While positions at CMHC require some in-office presence, alternative work arrangements may be considered for Indigenous candidates.

This new position was created following the Budget 2024 announcement of the Government’s intention to establish a subsidiary of the Canada Mortgage and Housing Corporation to deliver flood reinsurance and to advance implementation of a national flood insurance program by 2025. 

About the role
Join the Chief Financial Officer Team in the Senior Specialist, Actuarial Services (Flood Insurance) position. In this role, you will support the Director of Commercial Solutions - Finance and the Flood Insurance Project Management team and serve as a subject matter expert for the Valuation of Insurance Contract Liabilities, Financial Statement Modelling and Capital Management.

What you’ll do:

Support the development and implementation of a flood reinsurance program and work with different stakeholders to design and implement the corporate actuarial function of the new flood reinsurance entity. Develop policies & guidelines and document the processes, procedures and tools used for the valuation of actuarial liabilities, capital reporting & management and financial statement modelling (including FCT and MCT). Develop and document the assumption-setting process and ensure compliance with regulatory standards and guidelines. Assess resource needs, including data and software needs to implement the corporate actuarial function of the flood insurance program. Develop and implement Financial Statement models used to project the flood insurance program’s financial and capital position under different economic scenarios. Perform core valuation and financial analyses such as Corporate Plan, Capital Plan, Financial Condition Testing, Stress Testing, and Pricing oversight. Provide financial advice to different groups within the corporation and present findings and recommendations to different committees.  Provide technical leadership and coaching to more junior colleagues.

 
What you should have:

Bachelor’s degree in a quantitative discipline (actuarial sciences, mathematics, statistics, finance or economics) and seven years of experience in reserving and financial modelling at an insurance company, reinsurance company or financial institution.  Professional designation (Associate or Fellow of the Canadian Institute of Actuaries, Casualty Actuarial Society or Society of Actuaries). Understanding of and demonstrated experience with P&C actuarial valuation methodologies, mathematical finance methodologies, IFRS 17, ORSA, MCT, capital management, pricing or risk management.  Experience in developing complex financial statement models. Ability to work within a sophisticated technological environment using various modelling and programming tools such as R/Python. Demonstrated ability to conduct rigorous analysis using critical thinking and judgement to resolve complex issues. Ability in providing technical leadership and coaching.  Strong communication, collaboration and presentation skills.

 
It would be great if you also had:

 Bilingualism (French and English).

Posting closing date: Note, the competition will remain active until filled.

Our commitment to diversity, equity, and inclusion 

We’re committed to employment equity and encourage women, Indigenous Peoples, persons with disabilities, veterans and persons of all races, ethnicities, religions, abilities, sexual orientations, and gender identities and expressions to apply. We also welcome applications from non-Canadians who are eligible to work in Canada.

CMHC is an inclusive workplace where diversity of thought – and of people – are recognized, valued, and considered essential to achieving our mission.

What happens after you apply 

We know that applying for a new job can be both exciting and daunting, and we appreciate your effort. . If you are selected for an interview or testing, please advise us if you require an accommodation.

If you applied before and you were not successful don’t worry – we're always posting new positions, so don’t hesitate to give it another shot. We’re excited to see what you bring to the table this time around

  • Senior Actuary and Statistician

    2 months ago

    Montreal, Quebec, Canada Desjardins Group Full time

    Job Title: Senior Advisor, Actuarial Analysis and StatisticsAbout the Role:We are seeking a highly skilled Senior Advisor, Actuarial Analysis and Statistics to join our team at Desjardins Group. As a key member of our actuarial team, you will play a critical role in ensuring the profitability and balanced risk-return ratios for our products and services.Key...

  • Senior Actuary and Statistician

    2 months ago

    Montreal, Quebec, Canada Desjardins Group Full time

    Job Title: Senior Advisor, Actuarial Analysis and StatisticsAbout the Role:We are seeking a highly skilled Senior Advisor, Actuarial Analysis and Statistics to join our team at Desjardins Group. As a key member of our actuarial team, you will play a critical role in ensuring the profitability and balanced risk-return ratios for our products and services.Key...

  • Senior Actuarial Advisor

    1 month ago

    Montreal, Quebec, Canada Desjardins Full time

    Senior Actuarial AdvisorAs a senior actuarial advisor at Desjardins, you will play a key role in ensuring the profitability and balanced risk-return ratios of our products and services. Your expertise will be essential in establishing reserves, developing statistical models, and analyzing problems and business opportunities for our actuarial initiatives.Key...

  • Senior Actuarial Advisor

    1 month ago

    Montreal, Quebec, Canada Desjardins Full time

    Senior Actuarial AdvisorAs a senior actuarial advisor at Desjardins, you will play a key role in ensuring the profitability and balanced risk-return ratios of our products and services. Your expertise will be essential in establishing reserves, developing statistical models, and analyzing problems and business opportunities for our actuarial initiatives.Key...

  • Senior Actuarial Analyst

    3 weeks ago

    Montreal, Quebec, Canada Co-operators Full time

    Company: Co-operatorsDepartment: Corporate Actuarial ServicesEmployment Type: Regular Full-TimeWork Model: HybridLanguage: This role operates in English.The Co-operators is a leading Canadian financial services co-operative committed to being a catalyst for a sustainable and resilient society. Our team is essential to deliver on this strategy, and we...

  • Senior Actuarial Analyst

    4 weeks ago

    Montreal, Quebec, Canada Definity Financial Full time

    About the RoleAs a Senior Actuarial Analyst at Definity Financial, you will play a key role in developing and implementing predictive models to drive business growth and improve customer outcomes. This is an exciting opportunity to leverage your actuarial expertise and passion for data science to make a meaningful impact on our organization.Key...

  • Senior Actuarial and Statistical Advisor

    2 months ago

    Montreal, Quebec, Canada Desjardins Full time

    Senior Actuarial and Statistical AdvisorAs a senior actuarial and statistical advisor at Desjardins, you will play a key role in ensuring the profitability and balanced risk-return ratios of our products and services. Your expertise will be essential in establishing reserves, developing statistical models, and analyzing problems and business opportunities...

  • Senior Actuarial and Statistical Advisor

    2 months ago

    Montreal, Quebec, Canada Desjardins Full time

    Senior Actuarial and Statistical AdvisorAs a senior actuarial and statistical advisor at Desjardins, you will play a key role in ensuring the profitability and balanced risk-return ratios of our products and services. Your expertise will be essential in establishing reserves, developing statistical models, and analyzing problems and business opportunities...

  • Actuarial Consultant/Senior Actuarial Consultant

    2 weeks ago

    Montreal, Canada Marsh & McLennan Companies Full time

    h3>Senior Retirement Actuarial ConsultantCompany: MercerAt Mercer, we’re creating a culture where you can bring your authentic self to work. When you join us, you bring your inclusive energy and enthusiasm to a team that values you personally and professionally – regardless of who you are, what you look like, where you were raised or born, who you love...

  • Actuarial Consultant

    4 weeks ago

    Montreal, Quebec, Canada Intact Financial Corporation Full time

    About the RoleWe're seeking a highly skilled Actuarial Consultant to join our Group Corporate Actuarial team at Intact Financial Corporation. As a key member of our team, you will provide high-quality actuarial advice to support our business growth and success.Key ResponsibilitiesContribute to the provision of actuarial reserving assurance services to senior...

  • Actuarial Support Specialist

    4 weeks ago

    Montreal, Quebec, Canada Manulife and John Hancock Full time

    About the Role:As an Actuarial Support Specialist at Manulife and John Hancock, you will play a crucial role in providing professional actuarial support to our team. Your responsibilities will include performing actuary-related duties of a mathematical nature, compiling and categorizing data for experience analysis, and providing support in the preparation...

  • Actuarial Configuration Specialist

    4 weeks ago

    Montreal, Quebec, Canada Aon Full time

    Actuarial Configuration Specialist OpportunityAon is seeking a highly skilled Actuarial Configuration Specialist to join our implementation team within pension administration. As a key member of our team, you will work closely with internal teams to implement and support solutions for clients.About the RoleThis is an excellent opportunity for a pension...

  • Actuarial Risk Management Specialist

    1 month ago

    Montreal, Quebec, Canada Aon Full time

    Actuarial Risk Management RoleWe are seeking a highly skilled Actuarial Risk Management professional to join our team at Aon. As an Actuarial Risk Management Specialist, you will play a key role in supporting our actuarial team and clients in delivering key risk insights to our professional services firm clients.As part of Aon's professional services...

  • Actuarial Risk Management Specialist

    1 month ago

    Montreal, Quebec, Canada Aon Full time

    Actuarial Risk Management RoleWe are seeking a highly skilled Actuarial Risk Management professional to join our team at Aon. As an Actuarial Risk Management Specialist, you will play a key role in supporting our actuarial team and clients in delivering key risk insights to our professional services firm clients.As part of Aon's professional services...

  • Senior Actuarial Analyst

    1 month ago

    Montreal, Quebec, Canada Definity Financial Full time

    About the RoleWe are seeking a highly skilled Senior Actuarial Analyst to join our team at Definity Financial. As a key member of our actuarial team, you will play a critical role in developing and implementing predictive models to drive business growth and improve our customers' experience.Key ResponsibilitiesLead the creation and refresh of predictive...

  • Senior Actuarial Analyst

    1 month ago

    Montreal, Quebec, Canada Definity Financial Full time

    About the RoleWe are seeking a highly skilled Senior Actuarial Analyst to join our team at Definity Financial. As a key member of our actuarial team, you will play a critical role in developing and implementing predictive models to drive business growth and improve our customers' experience.Key ResponsibilitiesLead the creation and refresh of predictive...

  • Senior Actuarial Analyst

    1 month ago

    Montreal, Quebec, Canada Definity Financial Full time

    About the RoleWe are seeking a highly skilled Senior Actuarial Analyst to join our team at Definity Financial. As a key member of our actuarial team, you will play a critical role in developing and implementing predictive models to drive business growth and improve our customers' experience.Key ResponsibilitiesLead the creation and refresh of predictive...

  • Actuarial Analyst

    4 weeks ago

    Montreal, Quebec, Canada Manulife and John Hancock Full time

    Actuarial Support Specialist Provide professional actuarial support, performing mathematical duties, compiling and categorizing data for experience analysis, and preparing related reports. Key Responsibilities: Perform actuarial and administrative mandates related to defined benefits pension plans. Support and participate in the execution of...

  • Senior Actuarial Consultant

    1 month ago

    Montreal, Quebec, Canada Wawanesa Insurance Full time

    Job OverviewAs a Senior Actuarial Consultant on the National Initiatives team, you will be responsible for leading national pricing projects that improve the sophistication of our Pricing processes for all P&C products, across all lines of business and regions. One core responsibility of the National Initiatives team is our Personal Lines indication process,...

  • Senior Actuarial Consultant

    1 month ago

    Montreal, Quebec, Canada Wawanesa Insurance Full time

    Job OverviewAs a Senior Actuarial Consultant on the National Initiatives team, you will be responsible for leading national pricing projects that improve the sophistication of our Pricing processes for all P&C products, across all lines of business and regions. One core responsibility of the National Initiatives team is our Personal Lines indication process,...