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Online Actuarial Jobs Bank

The Institute is dedicated to helping members move forward in their careers and to connecting employers with top-quality job candidates. Looking to advance your career? The CIA’s Online Actuarial Jobs Bank brings together leading employers and search firms who recognize the value and strategic thinking actuarial professionals bring to their leadership team. Search here for your next role with one of many top employers and recruitment firms.

The classified ads below appear as provided by the advertisers.

  • AVP or Manager, Actuarial: Sagicor Life Insurance – Sagicor Life Insurance – Trinidad, Barbados or Tampa, Florida


    Overview

     

    We are seeking an individual who thrives in a dynamic environment and is willing to learn. Being part of the Sagicor family (a “Sagicorian”) allows you to be on the front-lines for many diverse and interesting projects – e.g. Mergers & Acquisitions, IFRS 17, government debt restructuring, etc.

     

    For over 177 years, Sagicor has been a symbol of strength in the Caribbean. Operating in over 23 countries, Sagicor has total assets of US $6.8 billion with capital of US $932 million. A publicly listed company with over 36,000 shareholders and listed on the Barbados Stock Exchange, the Trinidad & Tobago Stock Exchange and the London Stock Exchange.

     

    Responsibilities

     

    • Manage and review valuation and reporting of actuarial liabilities for the Territories
    • Provide assistance in the implementation of IFRS 17
    • Review experience studies and recommend basis changes
    • Interact with various levels of Senior Management, the external auditors
    • Ensure that actuarial software (AXIS) models are setup in an optimized and efficient way.
    • Supervise staff to ensure the accuracy and timely delivery of regular valuations.
    • Keep up to date on Canadian reserving developments and the statutory requirements of the various territories
    • Perform other functions that are reasonably expected

     

    Competencies

     

    • Strong verbal and written communication skills, including the ability to make effective presentations to a variety of audiences
    • Familiar with Canadian valuation standards such as CALM, LICAT, MCCSR, etc.  Knowledge with IFRS17 is preferred.
    • Proficient in Moody’s AXIS actuarial software and Microsoft Excel
    • Ability to thrive in a dynamic environment with many stakeholders
    • Willing to be involved and work hands-on in various projects
    • Ability to provide detailed and concise explanation to the results produced
    • Strong project management and organizational skills to work with team members to complete assigned tasks and meet deadlines
    • Self-motivated and ability to “think forward”

     

    Title and Reporting Line

     

    • Assistant Vice President or Manager, depending on the level of experience.
    • Reports directly to the head of actuarial valuation

     

    Qualifications

     

    • Fellow of the Society of Actuaries or Fellow of the Institute of Actuaries. Near FSA with strong background will be considered
    • 6+ years experiences in the valuation of life insurance -- i.e. universal life, participating, and annuities

     

    Location

     

    Trinidad, Barbados or Tampa, Florida
    If Tampa is elected, then the work permit will be under the TN Program.
    Staff is primarily located in Trinidad.

     

    How to Apply

     

    Please send your resume and/or cover letter to Jonathan_Wu@sagicor.com

     

    Date Posted: 2018-04-18 Expires: 2018-05-17


  • Manager, Insurance Risk – Insurance Risk Modeling – Export Development Canada – Ottawa, ON


    Export Development Canada (EDC) is Canada’s export credit agency, offering information, knowledge and innovative commercial solutions to help Canadian exporters and investors expand their international business. We take on risk so Canadian businesses can take on the world.

     

    When you join our team, you’ll be helping Canadian companies bring their vision, passion and innovation to the global marketplace. Your knowledge and expertise will support more than 10,000 Canadian companies and their customers in as many as 200 markets worldwide. You’ll work shoulder-to-shoulder with the best and brightest in an inclusive, collaborative environment that fosters professional development and success. And you’ll know that you’re making a difference every day—for companies, for Canada and for the people you work with.

     

    Year after year, EDC has been recognized as a Top 100 and Top Family-Friendly Employer.

     

    Team & Job Overview

     

    EDC is looking for a dynamic and motivated Manager to lead its growing team of actuarial professionals. The Manager Insurance Risk will play a key role in the attainment of the Risk Quantification Team’s objectives. The Insurance Risk Modeling team (within the Risk Quantification Team) is responsible for a wide variety of insurance risk quantification activity across all of EDC’s insurance product lines. The actuaries on the team provide actuarial support for the insurance program which includes credit insurance, contract insurance and bonding, and political risk insurance. The Risk Quantification team is responsible for developing and continually enhancing portfolio management tools and related applications for the quantification, monitoring, management and reporting of all financial risks (credit, market, operational, business).

     

    Discipline Summary

     

    • Provides an actuarial service covering all aspects of business and financial control;
    • Roles in this function may be responsible for estimating and reporting on levels of outstanding claims services and make recommendations on the appropriate levels of outstanding claims reserves;
    • Forecasts future claims;
    • Provides underwriting statistics and recommendations on the adequacy of premium rates and rating methods;
    • Reviews premium rates/rating methods and providing input to the business plan of the actuarial function;
    • Involved in general strategic business planning, recommendations and advice on adequacy of reinsurance levels and cover;
    • May manage special projects/investigations including the development of improved methods for the provision of actuarial analyses.

     

    The Manager provides leadership and supervision in the delivery of the following activities:

     

    • Quantification and reporting of EDC’s insurance program premium and claim liabilities including setting of insurance risk parameters such as frequency and severity;
    • Quantification and reporting of EDC’s insurance program financial performance;
    • Provides pricing support for EDC’s insurance program;
    • Quantification of EDC’s economic capital for insurance risk;
    • Quantification of liabilities and capital requirements arising from specific transactions or portfolios of business;
    • Forecasting and stress testing of future capital requirements arising from EDC’s Corporate Plan;
    • Participates in the continual review of EDC’s risk quantification methodologies;
    • Contributes to Model Risk Management and Enterprise Risk Management related activities;
    • Management of IFRS 17 project;
    • Contributes to the Risk Quantification Team’s ongoing process efficiency.

     

    Key Responsibilities

     

    • Leads the design, development and implementation of risk management methodologies, policies, framework and strategy to strengthen risk management activities and ensure appropriate risk controls are in place;
    • Accountable for the forecasting, assessment and calculation of the Corporation's capital position related to insurance risk;
    • Accountable for the production of regular actuarial valuation calculations;
    • Accountable for the Actuarial report and Profitability Analysis report;
    • Leads the performance and skill/career development of assigned staff ensuring the team has adequate capacity and capability to address the needs of the organization.

     

    Screening Criteria

     

    • Completed an Undergraduate Degree in Actuarial Science or Mathematics
    • Fellow Casualty Actuarial Society or very near FCAS
    • Fellow Canadian Institute of Actuaries or very near FCIA
    • Minimum 7 years of experience in actuarial analysis and risk management
    • Advanced knowledge of accounting and actuarial principles and practices
    • Demonstrates leadership abilities
    • Bilingual in both official languages (minimum B level) * 

     

    *Language requirements are bilingual in French & English. However, in the event a qualified bilingual candidate is not found, a qualified unilingual candidate will be considered. Both bilingual and unilingual candidates are encouraged to apply.

     

    Asset

     

    • Experience working in the financial services sector and/or financial Crown corporation environment

     

    Salary Range

     

    • $102,000 - $154,000, plus performance-based incentive

     

    Location

     

    • Please be advised that this position is based at our Head Office in Ottawa. Relocation assistance is available for eligible candidates.  

     

    How to apply

     

    Only candidates selected for an interview will be contacted.

     

    Application deadline: April 26, 2019, 11:59 p.m. EST on www.edc.ca/careers

     

    EDC is committed to employment equity and actively encourages applications from women, Aboriginal people, persons with disabilities and visible minorities. If selected for an interview, please advise us if you require special accommodation.

     

    Candidates must meet the requisite government security screening requirements.

     

    Date Posted: 2018-04-04 Expires: 2018-04-26


  • Senior Analyst – KPMG – Toronto, ON


    Why KPMG?

     

    At KPMG we believe there are as many versions of success as there are people, and we’re committed to empowering you to become a better you no matter what you do. When you join our team, you’ll be part of an award-winning culture that values thinking and doing differently and working together to make an impact. From professional development to our personalized total rewards packages, we take care of you, so that you can take care of business. Let’s do this.

     

    Overview of the opportunity:

     

    Our Risk Consulting practice provides clients with a range of Advisory and Assurance services focused on strengthening business resilience, managing business risks, and driving business performance. The four main service lines within Risk Consulting include:

     

    • Technology Risk Consulting (TRC)
    • Internal Audit, Risk and Compliance Services (IARCS)
    • Financial Risk Management (FRM)
    • Forensic (FOR)

     

    As part of the Financial Risk Management (FRM) service line, we are excited to look for a Senior Analyst to join our Actuarial team to provide support on a variety of engagements and help drive the growth and profitability of the Life and Pensions Actuarial practice.

     

    This role involves participating on Client engagement teams for Accounting and Regulatory standards and changes, such as IFRS 17 and LICAT and as part of our “KPMG’s North American AXIS Team”.  This is KPMG’s AXIS center of excellence.

     

    Mandates involve assisting our Canadian, US and Caribbean Clients with their business and actuarial challenges consistent with their strategic and operational objectives.

     

    What you will do:

     

    If you are looking for a challenging position in an exciting and dynamic environment, we offer you a unique team within KPMG, a highly engaging culture and a growing team of exceptional professionals. As part of our Life and Pensions Actuarial practice, the successful candidate will be responsible for the following:

     

    • Assist in the delivery of actuarial and finance end to end transformations, involving AXIS conversions and modernization using KPMG leading modelling practices.
    • Assist in the implementation of Accounting and Regulatory standards and changes, such as IFRS 17 and LICAT
    • Provide actuarial specialists support to the audits of financial statement actuarial liability disclosures
    • Assist Managers/Senior Managers in developing market offerings

     

    What you bring to the role:

     

    A successful candidate will possess a strong mixture of education, experience, skills and behaviors such as the following:

     

    • University degree with a major in mathematics, finance or actuarial science, and actively writing the Society of Actuaries exams with the intention of working towards the ASA\ACIA designation and ultimately Fellowship
    • 2+ years’ experience in a life actuarial role, ideally within a consulting environment
    • Experience using the AXIS actuarial software system
    • Knowledge of the Canadian life insurance regulatory environment
    • Excellent written and verbal communication skills in English
    • Detail-oriented with exceptional organizational and time management skills

     

    Keys to your success:

     

    • Strong technical skills in MS Excel and Access
    • Effective interpersonal skills and professional maturity; demonstrated ability to effectively interact and build relationships with a diverse group of clients and colleagues.
    • Highly motivated, committed self-starter who can prioritize work, multi-task and cope with changing priorities in an entrepreneurial environment
    • Fluency in French would be an asset

     

    At times, business needs arise and employees are asked and agree to work beyond their normal work day or work week to fulfill the accountabilities required for their job. Likewise, people need time to devote to personal matters, and our approach to flexibility provides for this.

     

    Our competitive actuarial student program will assist you in progressing through your actuarial exams, and enable you to apply the knowledge you gain from your studies to current actuarial issues.

     

    Discover where a career at KPMG can take you.

     

    We lead by example | We work together | We respect the individual
    We seek the facts and provide insight | We are open and honest in our communication
    We are committed to our communities | Above all, we act with integrity

     

    KPMG is an equal opportunity employer and values diversity in its workforce, encouraging applications from all qualified individuals.

     

    Date Posted: 2018-04-03 Expires: 2018-05-03


  • Actuarial Consultant – WSIB – Toronto, ON


    The Workplace Safety and Insurance Board (WSIB) helps people overcome workplace injuries and illnesses and helps business owners make their workplaces safe and healthy. Our people are at the heart of what we do. Bring your enthusiasm and expertise to the WSIB, and we’ll help you achieve your personal and professional goals through meaningful work, development opportunities and a culture of compassion, integrity and teamwork.

     

    We are the WSIB. And we’re here to help.

     

    Actuarial Consultant

     

    This is a temporary opportunity until July 2020.

     

    As a member of the actuarial management team, lead projects comprised of a team of actuarial staff members, in delivering reliable, accurate, comprehensive and timely actuarial services to internal and external clients.  Core actuarial services includes the valuation of benefit liabilities, funding, financial forecasting, premium rate setting, administration rate setting, benefit costing, experience studies and determining/administering the experience rating programs.

     

    Provide sound actuarial advice to WSIB Actuarial Senior Management (Director & Chief Actuary) by providing actuarial models that are accurate and reliable.   Develop and maintain communication linkages and relationships with business partners.

     

    KEY ACCOUNTABILITIES AND RESPONSIBILITIES

     

    1. Provide technical expertise in leading or participating in the review of actuarial work performed by actuarial staff.

     

    • Providing advice and guidance on the methods, models and assumptions used
    • Analyzing and validating the results of work produced by project teams for reasonableness and accuracy
    • Ensuring timelines are met on specific projects
    • Key functions include :
    • Valuation of Benefit Liabilities (Schedule 1 & 2)
    • Financial implications on Experience Rating Programs (CAD7, NEER, MAP, SG)
    • Schedule 1 Premium Rates and Schedule 2 Administration Rate  setting
    • Leading the Funding and Financial Forecasting projects
    • Developing  actuarial methodologies to integrate in current valuation or forecasting processes
    • Preparing reports and recommendations for WSIB Actuarial Senior Management 
    • Keeping abreast of changes in Actuarial Practices and WSIB policies that may impact the delivery of actuarial services
    • Presenting actuarial estimates to external stakeholders such as employers, auditors, and other actuaries. Actuarial studies and findings are routinely presented and explained to both internal and external stakeholders
    • Participating in meetings, presentations and information sessions with internal and external clients

     

    2. Lead or Participate in the design, review, validation and reporting of experience studies, costing of legislative changes and special projects. Experience studies are used to validate or set assumptions for actuarial models.  Studies and special projects includes:

     

    •  Mortality studies, termination studies, occupational disease studies, health care studies, future administration cost studies and economic studies.
    • Preparation for presentations to WSIB BoD, senior management, Ontario government or other external actuaries or employers
    • Special projects (Modeling changes,  Earnings by Source, New Pricing or Funding systems/methods, New Accounting Standards)
    • Costing includes  changes in administrative and legislative  practices and policies

     

    3. Develop project management plan on each project that includes specific timelines as well management of staff:

     

    • Establishing project plans and coordinating tasks
    • Identifying resource requirements and allocating work equitably to project team members
    • Ensure project timelines are met thru periodic updates with project team
    • Review and analyze work for accuracy and correctness

     

    4. Develop and maintain communication linkages and relationships with different stakeholders:

     

    • Internally with business partners and other levels of management in different areas such as: Operations, Strategy, Chief Statistician Office, Communications, Business Technology and Finance. Externally with employer stakeholders, injured worker stakeholders, auditors and actuarial consultants 
    • Maintains membership and participate in actuarial associations to ensure the most up-to-date techniques and methodologies are employed at the WSIB
    • Liaise with other Workers' Compensation Boards, government agencies, stakeholders, health and safety organizations, industry groups and organizations to be conversant with developments and issues affecting workers' compensation 

     

    Professional requirements and qualifications

     

    • University Degree in Actuarial, Finance, Investment or related field 
    • 5+ years actuarial practice in the insurance industry or similar organization
    • Project lead experience of at least 2 to 5 years. 
    • Fellowship from Canadian Institute of Actuaries/Society of Actuaries/Casualty Actuarial Society

     

    As a precondition of employment, the WSIB will require a prospective candidate to undergo a criminal records name check prior to or at any time following hire.

     

    To apply for this position, please submit your application by the closing date noted above on our Job Opportunities page: http://www.wsib.on.ca/WSIBPortal/faces/WSIBArticlePage?fGUID=835502100635000719

     

    We appreciate the interest of all candidates.  Due to the volumes of applications we receive, we are only able to contact candidates that are selected to move forward in the recruitment process. The WSIB is an equal opportunity employer.  

     

    The WSIB is an equal opportunity employer and provides accommodation for job applicants in accordance with the Human Rights Code and the Accessibility for Ontarians with Disabilities Act. If you are an individual with a disability and you need accommodation in order to apply for this position, please contact talentacquisitioncentre@wsib.on.ca. If you are invited to participate in the assessment process, please provide your accommodation needs at that time. Please be advised that you may be required to provide medical documentation to the WSIB’s Corporate Health Department so that appropriate accommodation can be provided to you throughout the recruitment process.

     

    Employees of the WSIB have important ethical responsibilities, including the obligation to place the public interest above personal interests. Job applicants are therefore required to disclose any circumstance that could result in a real, potential or perceived conflict of interest. These may include: political activity, directorship or other outside employment and certain personal relationships (e.g. with existing WSIB employees, clients and/or stakeholders). Please contact TAC if you have any questions about conflict of interest obligations and/ or how to make a disclosure.

     

    Date Posted: 2019-03-25 Expires: 2019-04-24