Actuarial Analyst III - Insurance Risk Management (4122)

TD; Canada; On-site; CAD 93,000 - 130,000; Full time

Job summary

A major Canadian financial institution is seeking an Actuarial Analyst III in Toronto, Ontario. The role involves challenging actuarial reserves estimates, contributing to pricing strategies, and collaborating on risk management initiatives. Candidates should have a minimum of five years of experience in the general insurance field, and proficiency in SQL, VBA, and R is preferred. The company offers competitive compensation and a comprehensive rewards package, including career development opportunities.

Benefits

Competitive salary

Career development programs

Health and wellness benefits

Qualifications

• Minimum of five years of actuarial experience in the general insurance field.
• Experience in risk management, pricing, reserving, or underwriting.
• French language skills are an asset.

Responsibilities

• Participate in the challenge of actuarial reserve estimates.
• Contribute to pricing strategy and documentation.
• Assess risks for TDI initiatives.

Skills

Actuarial experience

Programming (SQL, VBA, R)

Analytical skills

Communication skills

Teamwork

Education

Bachelor's degree in Actuarial Sciences

Working towards Fellowship

Tools

Microsoft Office Suite

Job description

Work Location

Toronto, Ontario, Canada

Hours

35

Line of Business

Data & Analytics

Pay Details

93,100 $/$93,100 - 130,000 $/$130,000 CAD

This role is temporarily eligible for a pay premium above the posted salary range that is reassessed annually. You are encouraged to have an open dialogue with your recruiter who can provide more specific pay details for this role.

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description

Department Overview

TD Insurance Risk Management (IRM) is responsible for the IRM program across TD Insurance. The team ensures alignment with TD's Insurance Risk Policy by challenging corporate actuarial reserves, pricing analyses, and business initiatives from an insurance risk perspective. IRM produces reports and dashboards for risk committees and leads the Own Risk Solvency Assessment (ORSA) process. The goal is to deliver efficient, thorough, and well‑documented risk challenges that add value and support timely risk‑taking decisions.

Responsibilities

As an Actuarial Analyst III within TD Insurance IRM, you will contribute to the success of the TDI Insurance Risk Management team by participating in the following activities:

• Participate in the challenge of the corporate actuarial team's reserves estimates by deriving provisions for insurance contract liabilities estimates on assigned lines of business and identifying the drivers of difference between IRM and Corporate Actuarial's estimates;
• Participate in the challenge of the pricing team's indicated rate changes by deriving indicated rate changes on assigned lines of business and identifying the drivers of difference between IRM and Pricing's estimates;
• Participate in the challenge of the reinsurance's strategy and program design;
• Participate in the documentation, reporting and communication related to the independent reviews performed by the team;
• Participate in the challenge of TDI initiatives affecting insurance risks;
• Participate in the production of the ORSA Report including the assessment of risks and recommended internal capital targets;
• Participate in the development, in collaboration with our business partners, of key risk indicators for insurance risk, in the monitoring, reporting and communication related to these risk indicators;
• Participate in the design and the implementation of process improvements in order to achieve more efficient and insightful challenges;
• Contribute to building, developing and maintaining effective relationships with our business partners;
• Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts.

Job Requirements

• Minimum of five years of actuarial experience in the general insurance field
• Actuarial experience at an insurance company in risk management, pricing, reserving, underwriting, reinsurance or product development function.
• Bachelor's degree in Actuarial Sciences or related field, acquired or working towards Fellowship with the Casualty Actuarial Society and Canadian Institute of Actuaries or equivalent
• Superior written and oral communication skills. French is an asset.
• Excellent knowledge of the Microsoft Office Suite
• Knowledge and interest for programming, notably SQL, VBA and R (preferred)
• Advanced analytical, decision‑making, strong problem‑solving skills and the ability to proactively identify risks/issues and recommend solutions
• Client‑focused and aptitude for teamwork with solid organizational and communications skills
• Highly adaptable to change
• Autonomous and perseverant; shows initiative and creativity in their work
• Recognized for their thoroughness and the quality of their work

Who We Are

As part of TD Bank Group, one of Canada's largest financial institutions, at TD Insurance, we care for Canadian families, making it easy to get the best advice, protection, and support in their moments of need, always.

TD Insurance offers a wide range of products, including General Insurance and Life and Health. More than four million customers count on us.

As the largest direct‑to‑consumer insurer in Canada, we are always innovating and providing exciting and rewarding career opportunities for our Canada‑wide workforce.

Our Total Rewards Package

Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well‑being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well‑being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more

Additional Information

We're delighted that you're considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we're committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development

If you're interested in a specific career path or are looking to build certain skills, we want to help you succeed. You'll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD - and we're committed to helping you identify opportunities that support your goals.

Training & Onboarding

We will provide training and onboarding sessions to ensure that you've got everything you need to succeed in your new role.

Interview Process

We'll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation

Your accessibility is important to us. Please let us know if you'd like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

Language Requirement (Quebec only)

Sans Objet