Assistant or Associate Actuary, Corporate Actuarial

Career Opportunity

Role Title

Assistant or Associate Actuary, Corporate Actuarial

Purpose of role

The Assistant or Associate Actuary is responsible for supporting the Canadian IFRS17 valuation process as well as other project work in support of the Appointed Actuary function. This includes ensuring best practices in the valuation modeling, supporting the assumption review process, and effective communication with both internal and external stakeholders.

This incumbent will coordinate the quarterly reporting process by managing actuarial staff and collaborating with other departments. They will provide thought leadership and support development and enhancements to the valuation models to facilitate analysis and reporting in accordance with best practices. They will work closely with other actuarial teams and other key stakeholders, including the Planning team, Finance, Audit and the U.K. actuarial team.

Job Description

Key Responsibilities/Accountabilities

• Coordinate quarterly IFRS17 reporting activities, including but not limited to, liability data and asset data loading, valuation assumption changes, Risk Integrity reporting project setup and processing, and OSFI life returns filing.
• Lead the quarterly MD&A earnings analysis and provide strategic insights into financial results as well as actionable recommendations for senior management.
• Contribute to the preparation of the annual Appointed Actuary Report (AAR) for both the enterprise and the Canadian insurance subsidiary.
• Support the communication of information with auditors, regulators, and external consultants on key deliverables related to IFRS17.
• Implement annual basis changes and lead modelling projects including New Business implementation and process improvements to drive ongoing value from department reporting and analysis.
• Perform data analysis as part of the annual experience studies, make initial recommendations in the assumption setting process.
• Ensure maintenance of appropriate actuarial process documentation consistent with professional actuarial standards and in compliance with all applicable legislation.
• Keep up to date with current and future financial reporting changes and the corresponding evolution of industry standards. Identify and monitor emerging regulatory and supervisory developments and assess implications by providing actuarial expertise.
• Develop collaborative working relationships with key stakeholders within Corporate Actuarial, Product Actuarial, Finance, IT and Capital Management, Business Planning and Strategy teams.
• Manage, mentor and champion the professional development of other actuarial students, interns or co-op students.

Key Qualifications

• Recently qualified FCIA Actuary with relevant experience in life insurance and 3 or more years of experience
• Familiarity with Canadian valuation and capital requirements and regulations
• Strong analytical and modelling skills and an innovative thinker
• Champion ideas and positions, regardless of their popularity, in favour of continuous improvement 
• Excellent report writing and communications skills
• Expert in AXIS, Risk Integrity, and DataLink
• Proficient in Excel and VBA
• Knowledge of financial products in Canada and the US including life insurance, annuities, and segregated funds in Canada and the U.S.
• Must have the ability to present ideas and negotiate through effective communication across multiple disciplines and at all levels, both internally and externally
• Experience and interest in leading and developing junior actuarial staff by encouraging participation in projects/initiatives/learning opportunities

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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.