Actuarial COOP – ALM Team (8 Month Contract, Fall + Winter terms)

Career OpportunityRole TitleActuarial COOP – ALM Team (8 Month Contract, Fall + Winter terms)Purpose of roleAs an actuarial Co-op in the ALM team, you will work closely with actuarial staff in a dynamic and challenging environment and is responsible for providing analytical support for the company’s asset and liability management functions to measure and analyze risk profile.
The incumbent will gain exposure across a wide range of actuarial disciplines including financial modeling, solvency requirements, valuation and management reporting, insurance/annuity products and fraternal benefits analysis for Canada, the U.S and U.K. He or she will gain experience working with comprehensive financial modelling systems that utilize a variety of actuarial, spreadsheet, database, and reporting software.
Note:
• Positions are open to students of different levels
• This is a hybrid position with 2 days per week working in Toronto officeJob Description

Key Responsibilities

• Support the ALM and Risk functions through evaluating strategic/tactical proposals, performing sensitivity analysis, and supporting Asset Liability Committee (ALCO) related activities.
• Improve documentation, model governance, and model risk management for ALM models
• Work closely with other teams such as Corporate Actuarial, Capital Management, Pricing, Risk, Investments, Finance and IT, allowing you to gain valuable work exposure across functions. 
• Assist, develop and implement changes in ALM reporting.
• Support the preparation of the annual Appointed Actuary Report.

Key Qualifications

• Undergrad actuarial student writing actuarial exams.
• Excellent interpersonal and communication skills.
• Excellent organizational skills and attention to detail.
• Strong analytical, technical skills and fast learner.
• Knowledge of GGY Axis and Excel
• Experience with Hyperion, Power BI and Microstrategy is desirable but not required

#LI-Hybrid

Salary Range:

$37,000 - $59,000

The actual base salary for this position will depend on several factors, including job-related skills, experience, and education. In addition to base pay, eligible employees may participate in a discretionary variable incentive plan, results are subject to both individual and company performance.

Please note that this posting is intended to fill an existing vacancy; however, there may be instances where more than one vacancy is available for the same role.

Equal Opportunity Employment and Inclusion – at Foresters Financial, we are committed to sustaining an equal opportunity environment for all job applicants. We embrace Inclusion, Diversity and Equity (IDE) as a core strategic objective for building strong, innovative teams in which all our employees can show up wholly and authentically as themselves.

Foresters Financial strives to provide an accessible candidate experience for prospective employees with different abilities. If you anticipate needing any type of accommodations during the recruitment process, please email [email protected] in advance of your appointment.

Thank you for choosing Foresters. Only those candidates who will be selected for further consideration will be contacted by our Talent Acquisition Team.