Actuarial Analyst

Foresters Financial Services, Inc.; Toronto; On-site; CAD 59,000 - 84,700; Full time

Job summary

Foresters Financial Services, Inc. is seeking an Actuarial Analyst to support quarterly IFRS 17 reporting activities and assist in annual Appointed Actuary Reports. The role demands one year of actuarial experience, strong communication skills, and proficiency in analytic systems like SQL and Microsoft Office.

Salary range for this position is $59,000.00 – $84,700.00, depending on skills and experience. The ideal candidate should be motivated, innovative, and currently pursuing Society of Actuaries exams.

Qualifications

• Bachelor's degree in a relevant field required.
• One year of actuarial experience in insurance is mandatory.
• Familiarity with SQL Server Management Studio and Microsoft Office is crucial.

Responsibilities

• Support quarterly IFRS 17 reporting activities.
• Assist in the preparation of the Appointed Actuary Report.
• Maintain actuarial process documentation.

Skills

Actuarial experience

Analytic systems (SQL Server, Excel, Access)

Time management

Problem-solving

Communication skills

Education

Bachelor's degree in mathematics, science, business or related field

Tools

SQL Server Management Studio

Microsoft Office

Moody’s AXIS

Job description

Actuarial Analyst – Corporate Actuarial

Responsibilities

• Support quarterly IFRS 17 reporting activities, including liability and asset data loading, valuation assumption changes, Risk Integrity reporting project setup and processing, MD&A earning analysis, and OSFI life returns filing.
• Support preparation of the annual Appointed Actuary Report (AAR) for the enterprise and the Canadian insurance subsidiary.
• Support basis changes work, implementation of new business models, and process improvements to drive ongoing value from department reporting and analysis.
• Communicate information with auditors, regulators, and external consultants on key IFRS17 deliverables.
• Maintain actuarial process documentation in compliance with professional standards and applicable legislation.
• Keep up to date with current and future financial reporting changes; identify and monitor emerging regulatory developments and assess implications.
• Build collaborative working relationships with key stakeholders across Corporate Actuarial, Product Actuarial, Finance, IT, Capital Management, Business Planning, and Strategy teams.

Qualifications

• Bachelor's degree in mathematics, science, business, economics, or a related field.
• One year of actuarial experience in a life or health insurance company.
• Experience with analytic systems such as SQL Server Management Studio, Microsoft Office (Excel, Access), and modeling systems (e.g., Moody’s AXIS).
• Strong time‑management skills and ability to multitask in a dynamic environment.
• Innovative thinker and problem‑solver.
• Currently taking Society of Actuaries exams with the intention of achieving FSA & FCIA designations.
• Knowledge of the financial services industry and products (life insurance, annuities, segregated funds, mutual funds) in Canada and the U.S.
• Knowledge of Canadian and U.S. valuation and solvency regimes.
• Knowledge of professional standards, laws, regulations, and guidance issued by the Canadian Institute of Actuaries, the Society of Actuaries, and the American Academy of Actuaries.
• Ability to present ideas and negotiate through effective communication across multiple disciplines and at all organizational levels.
• Highly self‑motivated to research issues independently.
• Excellent report writing and communication skills.

Compensation

Salary Range: $59,000.00 – $84,700.00. Base salary depends on skills, experience, and education. Eligible employees may participate in a discretionary variable incentive plan; results are subject to individual and company performance.

Equal Opportunity Employment Statement

Equal Opportunity Employment and Inclusion – at Foresters Financial, we are committed to sustaining an equal opportunity environment for all job applicants. We embrace Inclusion, Diversity and Equity as a core strategic objective for building strong, innovative teams in which all our employees can show up wholly and authentically as themselves. Foresters Financial strives to provide an accessible candidate experience for prospective employees with different abilities.