Actuarial Coop – ALM (8 Month contract)

Foresters Financial Services, Inc.; Toronto; On-site; CAD 200,000 - 250,000; Full time

Job summary

A financial services provider in Toronto is seeking an Actuarial Co-op for an 8-month contract. The role involves providing analytical support for asset and liability management, and requires an undergraduate actuarial student. Candidates should have strong interpersonal, analytical, and technical skills. This hybrid position allows for two days per week in-office work.

Qualifications

• Actuarial student writing exams required.
• Excellent communication and organizational skills needed.
• Fast learner with strong analytical skills.

Responsibilities

• Support ALM and Risk functions with analyses.
• Improve model governance and risk management.
• Collaborate with various teams for exposure.
• Assist in ALM reporting changes.
• Support the preparation of the Appointed Actuary Report.

Skills

Interpersonal skills

Analytical skills

Technical skills

Attention to detail

Education

Undergraduate actuarial student

Tools

GGY Axis

Excel

Power BI

Hyperion

Microstrategy

Job description

Actuarial Coop – ALM (8 Month contract) page is loaded

Actuarial Coop – ALM (8 Month contract)

Apply locations Toronto time type Full time posted on Posted 30+ Days Ago job requisition id R-1907

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 and is 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 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 strategic/tactical proposals, performing sensitivity analysis, and supporting Asset Liability Committee (ALCO) related 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, allowing you to gain valuable work exposure across functions.
• Assist, develop and implement changes in ALM reporting.
• Support the preparation of the annual Appointed Actuary Report.

Key Qualifications

• Undergrad actuarial student writing actuarial exams.
• Excellent interpersonal and communication skills.
• Excellent organizational skills and attention to detail.
• Strong analytical, technical skills and fast 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 sustaining an equal opportunity environment for all job applicants. We embrace Inclusion, Diversity and Equity (IDE) 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. If you anticipate needing any type of accommodations during the recruitment process, please email [e-mail] in advance of your appointment.

Thank you for choosing Foresters. Only those candidates who will be selected for further consideration will be contacted by our Talent Acquisition Team.

About Us

Foresters Financial is an international financial services provider with a unique history that began in 1874 when we set out to provide access to life insurance for average, working families. More than 150 years later, we provide life insurance, savings, retirement and investment solutions that help families achieve long-term financial health and security.