Actuarial Specialist

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Job Description:

Job Description

The Actuarial Specialist for Par Management and Risk Modelling is responsible for supporting the Par-related functions and initiatives, as well as producing various risk sensitivity results for Senior Management use within the Actuarial Valuation function.

Responsibilities

Dividend Study:

• Conduct comprehensive annual dividend studies for traditional participating (par) products
• Assist in formulating dividend recommendations to the Chief Actuary

Par Reporting:

• Support the delivery of the quarterly valuation related to Traditional par products such as Time Value of Guarantee (TVOG), Unallocated Dividend Liability (UDL) and Par expense adjustments
• Help prepare relevant reports for OSFI regulatory requirements for traditional par products

Financial Condition Testing (FCT):

• Contribute to the completion of the annual FCT process
• Assist in analyzing results and preparing detailed reports on potential impacts for senior management

Risk Sensitivities:

• Provide support in model development and maintenance for market and insurance risk sensitivity
• Assist in preparing quarterly market and insurance risk sensitivity reports

Ad-hoc projects depending on business needs such as but not limited to:

• Perform stochastic asset modelling using actuarial software
• Provide support on the semi-annual business plan projections

Qualifications

• University degree with a strong mathematical or statistical background
• With at least 3 SOA exams and 3 VEE passed
• At least 4 years of Actuarial-related experience
• Strong knowledge and experience in handling Actuarial modeling software, preferably AXIS
• Strong proficiency in MS Office applications

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