Company: CGL
Department: Corp Actuarial Services
Employment Type: Regular Full-Time
Work Model: Hybrid (2 days in office)
Language: English is required, French is an asset.
Additional Information: This/these role(s) is/are currently vacant
The Opportunity:
We are a leading Canadian financial services co-operative committed to being a catalyst for a sustainable and resilient society and our team is essential to deliver on this strategy. That’s why we prioritize our people, to ensure we provide a strong culture and development opportunities which enables our team to thrive and to live our purpose. The best part is that you will work with people that care passionately about you, our clients and our communities.
As the Actuarial Consultant, Corporate Actuarial, you will contribute to capital modeling projects and develop actuarial models to strengthen the organization’s financial position and meet regulatory requirements. You will work with business partners to assess needs, analyze multiple data sources, and design solutions for complex actuarial
challenges. You will contribute to key initiatives including Financial Condition Testing (FCT), Own Risk Solvency Assessment (ORSA), and other strategic projects related to
capital. Using technical expertise, you will influence leaders in shaping the team’s strategy and roadmap, while maintaining documentation and upholding policies and
procedures.
How you will create impact:
- Contribute to capital modeling projects and the development of various actuarial models.
- Supporting the Financial Condition Testing (FCT), Own Risk Solvency
- Assessment (ORSA) and other capital modeling initiatives using specialized software and various data sources.
- Analyzing the needs of business partners, researching multiple data sources and identifying actuarial requirements to design innovative solutions for complex challenges.
- Maintaining and updating documentation of key actuarial functions, and upholding company and professional policies and procedures.
- Supporting the department in creating a best-in-class environment for professionals where learning, knowledge sharing, and innovation are valued.
- You have completed a bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related discipline.
- You have 3-5 years of relevant experience in the property and casualty actuarial field.
- Having basic knowledge of database management and manipulation, reconciliation, and programming languages such as R, Python and Structured Query Language (SQL) is an asset.
- You have strong knowledge of P&C insurance products, emerging trends and best practices in the actuarial landscape.
- You possess an analytical and synthetic mindset with demonstrated ability to successfully design, test, and reconcile solutions while accounting for business needs, available resources, long term maintenance impacts and efficiency.
- Having or working towards the Associate of the Casualty Actuarial Society (ACAS) or Fellow of the Casualty Actuarial Society (FCAS) designation(s) is an
asset.
How you will succeed:
- You have an innovative mindset to improve operational efficiencies and ability to influence change, with a primary focus on client needs.
- You use critical thinking skills to recognize assumptions, evaluate arguments, draw conclusions and proactively propose solutions.
- You have strong communication skills to clearly convey messages and explore diverse points of view.
- You build trusting relationships and provide guidance to support the development of colleagues.
What you need to know:
- You will be subject to a Background check as a condition of employment, in the event you are the successful candidate.
What’s in it for you?
- Training and development opportunities to grow your career.
- Flexible work options and paid time off to support your personal and family needs.
- A holistic approach to your well-being, with physical and mental health programs and a supportive workplace culture.
- Paid volunteer days to give back to your community.
- In addition to our competitive salary and incentive programs, eligible employees also benefit from a comprehensive total rewards package including group retirement savings plans, pension and benefits (e.g., health and wellness, dental, disability and life coverage), mental health support and an employee assistance program.
Salary information
Expected salary range $83,774.00 to $139,623.00.
Salary placement
The salary amount for the successful candidate is determined by Co-operators in its discretion and will vary depending on several criteria including but not limited to: local market conditions, geography and relevant job-related factors such as knowledge, skills, qualification, experience and education.
Incentive/Variable pay
Employees may also have the opportunity to participate in incentive programs and earn additional compensation tied to individual and/or business performance, or other business metrics.
Skills Required
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related discipline
- 3-5 years of relevant experience in property and casualty actuarial work
- Strong knowledge of property and casualty insurance products, emerging trends, and actuarial best practices
- Analytical and synthetic mindset with the ability to design, test, and reconcile solutions while considering business needs, resources, maintenance, and efficiency
- Basic knowledge of database management, data manipulation, and reconciliation
- Programming experience with R, Python, and SQL
- Associate or Fellow designation from the Casualty Actuarial Society, or progress toward one
- English language proficiency
- French language proficiency
What We Do
As a leading Canadian financial services co-operative, Co-operators offers multi-line insurance and wealth products, services, and advice to build financial strength and security. With over $56 billion in assets under management, we provide financial solutions and security through property and casualty (P&C) insurance, life insurance, wealth management, institutional asset management and brokerage operations. We are governed by member organizations, including co-operative organizations, credit union centrals and representative farm organizations. We are rooted in the idea that together, we are stronger, safer, and more resilient. Our vision to be a catalyst for a sustainable society is reflected in everything we do, including our community investment programs, strategic partnerships, and active volunteerism. We champion and fund the development of community-oriented co-operatives and social enterprises, invest for positive impact, and work hard to contribute to communities across Canada by supporting financial literacy, mental health, flood safety, and sustainability initiatives and programming. With over 600 locations across the country, over 6,000 employees and a dedicated financial advisor network of over 2,500 licensed insurance representatives, we remain true to our roots: putting the needs of our clients and our communities first. Our response to COVID-19 As an essential service, we took immediate steps to ensure the health and safety of our people, clients, and communities. We’re following the direction of Health Canada as we roll out a phased return to corporate and local offices across the country. If you have applied for a posted role, a recruiter will be in touch with an update. Currently, all interviews are being conducted remotely.
