​Associate Actuary, Capital Management

Key responsibilities

• Prepare quarterly analysis and reporting to ensure compliance with the company’s Capital Management Policy
• Support the development and implementation of quarterly analysis to assess and manage sensitivity of the company’s capital position to key economic drivers
• Analyze and implement Corporate initiatives to most efficiently deploy capital within the organization
• Provide support and advice to Divisions with respect to Divisional business initiatives to ensure the most efficient outcomes
• Coordinate the completion of OSFI Quantitative Impact StudiesProvide support to the Planning team in the completion of DCAT, E18 and Business Plan processes
• Keep abreast of regulatory capital and insurance rules and regulations

Key qualifications

• Fellowship in the Society of Actuaries with 3-5 years experience in financial roles *

• Strong knowledge of the financial services industry, including financial products: life insurance, annuities, segregated funds, mutual funds for both Canada and the U.S.
• Understanding of accounting principles and procedures and the nature of legislative requirements and proven experience in actuarial disciplines that would ideally include:  Financial Reporting, DCAT, Asset Liability Management, earnings by source.
• Familiarity with Canadian Minimum Continuing Capital and Surplus Requirements (MCCSR), U.S. Risk-Based Capital (RBC) and U.K. solvency framework.
• Familiarity with professional standards, regulatory laws, regulations and guidance issued by the Canadian Institute of Actuaries, the Society of Actuaries and the American Academy of Actuaries.
• Ability to read, analyze and interpret general governmental regulations and guidelines, professional standards, technical procedures and must be able to translate policy guidance into necessary procedures.
• Understanding of various company approved computer systems to guide their development and application, these include the business modelling and valuation system (e.g. AXIS) and the data warehouse query tools (e.g. Hyperion)
• Must be highly analytical, and find innovative ways to present and solve complex problems.
• Demonstrated ability to present ideas and negotiate and consult through effective and clear communication with staff across multiple disciplines and at all levels, both internally and externally.
• Demonstrated ability to plan, organize and effectively manage multiple tasks under tight deadline pressure.
• Demonstrated ability to take initiative to improve processes ensuring cost effective implementation techniques.
• Demonstrated ability to take ownership of tasks and lead, develop and coach more junior staff.