actuary
Title posted on CareerBeacon -
Manager, Actuarial
Posted on
August 28, 2024
by
Employer details
TD Bank
Job details
Work Location:CanadaHours:37.5Line 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:Model DevelopmentImplement valuation model requirements arising from the transition to the IFRS17 Accounting Standard. The Manager will be responsible for the transformation of the AXIS valuation model used by the Corporate Actuarial L&H team to fit IFRS17 specifications. Calculations outside of AXIS will need to be reviewed for appropriateness under IFRS17. As the owner of the AXIS model, the modelling of new business requirements and ad hoc changes will also fall under the purview of this role. The Manager will work with and communicate changes to the Production and IFRS17 Project teams.The Manager will be responsible for testing model outputs from AXIS and AXIS Link, as well as managing all inputs required for the SAS Solution for IFRS17. Changes to models should be tested for accuracy with financial impacts communicated to business partners. Responsibilities also include validating balance sheet entries and P&L results for insurance contracts with Finance and Accounting partners.Database Management and ControlsThe Manager will maintain inforce extracts and policy movement tables necessary for IFRS17 valuation. They will communicate requirements to the IT and Data Analytics teams to ensure policy and transactional data is accurate and optimized for these purposes. The Manager will design controls to ensure data is tested and appropriate for valuation, with clear documentation of all processes.This position is an independent contributor role with no direct reports. Applicants not meeting all requirements may be considered for this role as a Senior Analyst.Reporting to the Senior Manager, IFRS17 and Special Projects.Job Description :AccountabilitiesModel Development:Communicate with Corporate Actuarial colleagues to understand modelling requirements;Perform AXIS coding to model new IFRS17 requirements;Improve existing models for accuracy and efficiency;Quantify the impacts of modelling changes in terms of reserve and capital; and,Validate model results for accuracy and reasonability;Data Management:Review and ensure data inputs are appropriate for IFRS17 modelling needs;Work with technology and data teams to ensure extracts are accurate and all IFRS17 requirements have been implemented; Optimize the flow of data from source extract to AXIS valuation input;Establish controls for the use of data in actuarial modelling and finance reporting; and,Ensure proper documentation exists for data processes.Job Requirements :Qualifications and Education GuidelinesCommunication:Ability to communicate effectively in English, both verbally and in writing. French is an asset.Expertise with technical language and concepts.Proficient in communicating technical concepts to a non-technical audience.Analytical Skills:Has strong problem-solving and critical thinking skills. Produces high quality work.Proficient with Moody's AXIS software, including AXIS Link.Demonstrated strength with Excel, MS Access and other database or analytical software.Knowledge of SAS Solution for IFRS17 is an asset.Experience with SAS, SQL, R, Python, Tableau or equivalent considered an asset. Work Management:Projects a professional image and acts accordingly.Has effective and developed organizational ability.Takes responsibility for projects and executes plans in a timely manner.Ability to work independently and manage deadlines during periods of stress.Professional Guidelines:Bachelor's degree in actuarial science, or other quantitative area of study.Working towards Fellowship with the Society of Actuaries and Canadian Institute of Actuaries.Minimum 5 years of Life & Health Insurance actuarial experience.Mi
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LocationToronto, ON
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Workplace information
On site
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SalaryNot available
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Terms of employment
Permanent employmentFull time
- Start date
Starts as soon as possible
- vacancies
1 vacancy
- Source
CareerBeacon
#2108386
Advertised until
2024-10-21
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