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Actuarial Coop – ALM (8 Month contract)

Foresters Financial

Toronto

Hybrid

CAD 20,000 - 30,000

Full time

30+ days ago

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Job summary

A leading financial services company is seeking an Actuarial Coop for an 8-month contract in Toronto. The role involves providing analytical support for asset and liability management, gaining exposure to various actuarial disciplines, and collaborating with multiple teams. Ideal for undergraduate actuarial students looking to enhance their skills in a dynamic environment.

Qualifications

  • Actuarial student working towards exams.
  • Strong analytical and technical skills.
  • Knowledge of GGY Axis and Excel required.

Responsibilities

  • Support ALM and Risk functions through evaluations and sensitivity analysis.
  • Improve documentation and model governance for ALM models.
  • Assist in developing changes in ALM reporting.

Skills

Interpersonal skills
Communication skills
Organizational skills
Analytical skills
Technical skills
Quick learner

Education

Undergraduate actuarial student

Tools

GGY Axis
Excel
Hyperion
Power BI
Microstrategy

Job description

Career Opportunity

Role Title: Actuarial Coop – ALM (8 Month contract)
Purpose of role

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. They will gain experience working with comprehensive financial modelling systems that utilize various actuarial, spreadsheet, database, and reporting software.

Note:
  • Positions are open to students of 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 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 teams such as Corporate Actuarial, Capital Management, Pricing, Risk, Investments, Finance, and IT to gain cross-functional exposure.
  • Assist, develop, and implement 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.
  • Strong organizational skills and attention to detail.
  • Analytical, technical skills, and a quick learner.
  • Knowledge of GGY Axis and Excel.
  • Experience with Hyperion, Power BI, and Microstrategy is desirable but not required.

#LI-Hybrid

Equal Opportunity Employment and Inclusion – At Foresters Financial, we are committed to fostering an inclusive environment for all applicants. We embrace Inclusion, Diversity, and Equity (IDE) as strategic priorities to build strong, innovative teams where everyone can be authentic.

We strive to provide accessible recruitment experiences for candidates with different abilities. If you require accommodations during the process, please email accommodations@foresters.com in advance.

Thank you for considering Foresters. Only shortlisted candidates will be contacted by our Talent Acquisition Team.

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