Actuarial Consultant

Co-operators; Burlington; Hybrid; CAD 84,000 - 140,000; Full time

Benefits offered by this job

Training and development

Flexible work options

Well-being programs

Volunteer days

Total rewards package

Job summary

CGL in Canada is seeking an Actuarial Consultant, Corporate Actuarial, to contribute to capital modeling projects and develop actuarial models that strengthen the organization’s financial position and meet regulatory requirements.

You will work with business partners to assess needs, analyze data sources, and design solutions for complex actuarial challenges, contributing to initiatives like FCT and ORSA while shaping the team’s strategy and roadmap.

Qualifications

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related discipline.
• 3-5 years of relevant experience in the property and casualty actuarial field.
• Basic knowledge of database management and manipulation, reconciliation, and programming languages such as R, Python and SQL is an asset.
• Strong knowledge of P&C insurance products, emerging trends and best practices in the actuarial landscape.
• Analytical and synthetic mindset with ability to design, test, and reconcile solutions considering business needs and resources.
• ACAS or FCAS designation(s) is an asset.

Responsibilities

• Contribute to capital modeling projects and the development of various actuarial models.
• Support Financial Condition Testing (FCT), ORSA and other capital modeling initiatives using specialized software and data sources.
• Analyze the needs of business partners, research data sources and identify actuarial requirements to design innovative solutions.
• Maintain and update documentation of key actuarial functions and uphold policies and procedures.
• Support the department in creating a best-in-class environment for learning, knowledge sharing, and innovation.

Skills

R

Python

SQL

P&C knowledge

Actuarial modeling

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related discipline

Job description

Company: CGL

Department: Corp Actuarial Services

Employment Type: Regular Full-Time

Work Model: Hybrid (2 days in office)

Language: English is required, French is an asset.

Additional Information: This/these role(s) is/are currently vacant

The Opportunity

We are a leading Canadian financial services co-operative committed to being a catalyst for a sustainable and resilient society and our team is essential to deliver on this strategy. That's why we prioritize our people, to ensure we provide a strong culture and development opportunities which enables our team to thrive and to live our purpose. The best part is that you will work with people that care passionately about you, our clients and our communities.

As the Actuarial Consultant, Corporate Actuarial, you will contribute to capital modeling projects and develop actuarial models to strengthen the organization’s financial position and meet regulatory requirements. You will work with business partners to assess needs, analyze multiple data sources, and design solutions for complex actuarial challenges. You will contribute to key initiatives including Financial Condition Testing (FCT), Own Risk Solvency Assessment (ORSA), and other strategic projects related to capital. Using technical expertise, you will influence leaders in shaping the team’s strategy and roadmap, while maintaining documentation and upholding policies and procedures.

How You Will Create Impact

• Contribute to capital modeling projects and the development of various actuarial models.
• Supporting the Financial Condition Testing (FCT), Own Risk Solvency Assessment (ORSA) and other capital modeling initiatives using specialized software and various data sources.
• Analyzing the needs of business partners, researching multiple data sources and identifying actuarial requirements to design innovative solutions for complex challenges.
• Maintaining and updating documentation of key actuarial functions, and upholding company and professional policies and procedures.
• Supporting the department in creating a best-in-class environment for professionals where learning, knowledge sharing, and innovation are valued.

To Join Our Team

• You have completed a bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related discipline.
• You have 3-5 years of relevant experience in the property and casualty actuarial field.
• Having basic knowledge of database management and manipulation, reconciliation, and programming languages such as R, Python and Structured Query Language (SQL) is an asset.
• You have strong knowledge of P&C insurance products, emerging trends and best practices in the actuarial landscape.
• You possess an analytical and synthetic mindset with demonstrated ability to successfully design, test, and reconcile solutions while accounting for business needs, available resources, long term maintenance impacts and efficiency.
• Having or working towards the Associate of the Casualty Actuarial Society (ACAS) or Fellow of the Casualty Actuarial Society (FCAS) designation(s) is an asset.

How You Will Succeed

• You have an innovative mindset to improve operational efficiencies and ability to influence change, with a primary focus on client needs.
• You use critical thinking skills to recognize assumptions, evaluate arguments, draw conclusions and proactively propose solutions.
• You have strong communication skills to clearly convey messages and explore diverse points of view.
• You build trusting relationships and provide guidance to support the development of colleagues.

What You Need To Know

• You will be subject to a Background check as a condition of employment, in the event you are the successful candidate.

What's in it for you?

• Training and development opportunities to grow your career.
• Flexible work options and paid time off to support your personal and family needs.
• A holistic approach to your well-being, with physical and mental health programs and a supportive workplace culture.
• Paid volunteer days to give back to your community.
• In addition to our competitive salary and incentive programs, eligible employees also benefit from a comprehensive total rewards package including group retirement savings plans, pension and benefits (e.g., health and wellness, dental, disability and life coverage), mental health support and an employee assistance program.

Salary information

Expected salary range $83,774.00 to $139,623.00.

Salary placement

The salary amount for the successful candidate is determined by Co-operators in its discretion and will vary depending on several criteria including but not limited to: local market conditions, geography and relevant job-related factors such as knowledge, skills, qualification, experience and education.

Incentive/Variable pay

Employees may also have the opportunity to participate in incentive programs and earn additional compensation tied to individual and/or business performance, or other business metrics.