Actuarial Coop â ALM (8 Month contract)

The Independent Order of Foresters; Toronto; Hybrid; CAD 30,000 - 45,000; Full time

Job summary

The Independent Order of Foresters is seeking an Actuarial Co-op in their ALM team to provide analytical support for asset and liability management. This hybrid position offers valuable exposure to various actuarial disciplines, and requires candidates to be undergraduate actuarial students aiming to advance in their exams.

Qualifications

• Undergraduate actuarial student working towards actuarial exams.
• Strong analytical and technical skills, ability to learn quickly.
• Excellent interpersonal and communication skills.

Responsibilities

• Support the ALM and Risk functions through evaluating proposals.
• Improve documentation and model risk management for ALM models.
• Assist in developing changes in ALM reporting.

Skills

Actuarial skills

Financial modeling

Risk analysis

Data analysis

Communication skills

Education

Undergraduate actuarial student

Tools

GGY Axis

Excel

Hyperion

Power BI

MicroStrategy

Job description

As an actuarial Co-op in the ALM team, you will work closely with actuarial staff in a dynamic and challenging environment. You will be responsible for providing analytical support for the company's asset and liability management functions to measure and analyze risk profile.

The incumbent will gain exposure across a wide range of actuarial disciplines, including financial modeling, solvency requirements, valuation and management reporting, insurance/annuity products, and fraternal benefits analysis for Canada, the U.S., and U.K. He or she will gain experience working with comprehensive financial modelling systems that utilize a variety of actuarial spreadsheet, database, and reporting software.

Note:

Positions are open to students at different levels.

This is a hybrid position with 2 days per week working in Toronto office.

Job Description

Key Responsibilities:

• Support the ALM and Risk functions through evaluating strategic/tactical proposals, performing sensitivity analysis, and supporting Asset Liability Committee (ALCO) activities.
• Improve documentation, model governance, and model risk management for ALM models.
• Work closely with other teams such as Corporate Actuarial, Capital Management, Pricing, Risk, Investments, Finance, and IT to gain valuable work exposure across functions.
• Assist in developing and implementing changes in ALM reporting.
• Support the preparation of the annual Appointed Actuary Report.

Key Qualifications:

• Undergraduate actuarial student working towards actuarial exams.
• Excellent interpersonal and communication skills.
• Excellent organizational skills and attention to detail.
• Strong analytical and technical skills, with the ability to learn quickly.
• Knowledge of GGY Axis and Excel.
• Experience with Hyperion, Power BI, and MicroStrategy is desirable but not required.

LI-Hybrid

Foresters Financial is committed to equal opportunity employment and inclusion. We embrace Inclusion, Diversity, and Equity (IDE) as a core strategic objective to build strong, innovative teams where all employees can be themselves.

We strive to provide an accessible candidate experience for applicants with different abilities. If you need accommodations during the recruitment process, please email us in advance.

Thank you for your interest in Foresters. Only candidates selected for further consideration will be contacted by our Talent Acquisition Team.

Key Skills:

Actuarial skills, Financial modeling, Risk analysis, Data analysis, Communication skills

Employment Type: Full-Time

Experience: Entry-level

Vacancy: 1

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