Securities agents, investment dealers and brokers
Title posted on CareerBeacon -
Actuarial Analyst I - Valuation
Posted on
June 28, 2024
by
Employer details
TD Bank
Job details
Work Location:Montréal, Quebec, CanadaHours:35Line of Business:Data & AnalyticsPay Details:We're committed to providing fair and equitable compensation to all our colleagues. As a candidate, we encourage you to have an open dialogue with a member of our HR Team and ask compensation related questions, including pay details for this role.Job Description:Department OverviewIt takes an astute combination of analytical skills, business knowledge and an understanding of human behavior to navigate today's complex risk factors in business ? and banking. This is the special expertise of the Actuary professional community at TD.Actuary roles help us strategically plan our future business success and increasingly, to fulfill specialized functions in areas such as pricing, underwriting, insurance, reinsurance and of course, risk management. We value and customers benefit from the tremendous actuarial talent at the Bank and craft these roles with opportunities for personal and professional growth.Job DescriptionThe Valuation team is part of the Corporate Actuarial department. In the role, the candidate will partake in the main responsibilities of the team, including:Quarterly Reserve ValuationsThe responsibility is to establish actuarial provisions for all lines of business using appropriate assumptions and methods. The selection of techniques to determine unpaid claims requires a very good understanding of the business, including historical changes in terms of product offering and legislative reforms. Tools and techniques must be periodically reviewed, improved, and optimized to stay relevant for the specific circumstances of the different lines of business. Actuarial provisions must be calculated in accordance with current actuarial literature, legislation, and accounting standards.ReportingThe responsibility relates to building meaningful reports to monitor the adequacy of actuarial provisions over time. Actual losses versus expected losses are monitored monthly.The responsibility also relates to communicating and certifying the financial results with various business partners, including external auditors, AMF and OSFI. The appointed actuary report is produced, audited and peer reviewed yearly.Governance/MiscellaneousImplement risk mitigation, risk controls as well as processes, policies, and procedures for the team.Coach, develop and inspire colleagues toward reaching their goalsJob RequirementsProfessional Requirements:Bachelor's degree in Actuarial science or other quantitative area of studyWorking towards obtaining Associateship with the Casualty Actuarial Society, Canadian Institute of Actuaries or equivalentAnalytical/technical Skills:Stands out for his/her judgment and analytical mindHas strong problem-solving skillsRecognized for his/her thoroughness and the quality of his/her workHas work experience with MS Excel (VBA), programming languages (eg. R/SAS/Python)Soft Skills:Ability to communicate effectively in English, both verbally and in writing. Bilingualism (English and French) is an asset for this roleAbility to work effectively during periods of stressAbility to collaborate and build positive relationships with business partnersAutonomous and perseverantWho We AreAs 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 PackageOur 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, v
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LocationToronto, ON
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SalaryNot available
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Terms of employment
Full time
- Start date
Starts as soon as possible
- vacancies
1 vacancy
- Source
CareerBeacon
#2084027
Advertised until
2024-07-28
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