Actuarial Specialist - Risk Management

Trisura Guarantee Insurance Company; Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a skilled Actuarial Specialist to join its dynamic Risk Management team in Toronto. This role offers a unique opportunity to engage in risk and financial modeling, focusing on innovative solutions for reinsurance and climate scenario testing. You will work closely with the Corporate Actuarial Department, contributing to the development of risk models and providing oversight on technical financial risks. Join a fast-growing company that values your expertise and fosters a collaborative environment where your contributions directly impact the organization's success. If you're passionate about actuarial science and eager to make a difference, this position is for you.

Qualifications

• 7+ years of relevant experience in actuarial roles.
• Broad knowledge of actuarial methods in property and casualty insurance.

Responsibilities

• Collaborate on risk and financial modeling for new risk models.
• Provide oversight of catastrophe modeling and financial risks.

Skills

Actuarial Methods

Risk Modeling

Stress Testing

Stochastic Modeling

Education

Associate or Fellow of the Casualty Actuarial Society

Tools

Diva

Arius

Catastrophe Modeling Tools

Job description

2 days ago Be among the first 25 applicants

At Trisura, we expect more because we believe it can be done better.

We are a young, growth oriented team with a commitment to exceptional talent and have been named one of Canada’s Top Small and Medium Employers since 2017. Our growth and our entrepreneurial style, niche market position and development opportunities ensure that our people see the results of their commitment reflected in the company’s success.

We are currently seeking a qualified individual to join our dynamic, forward-thinking team of Risk Management professionals in our Toronto office.

ACTUARIAL SPECIALIST – RISK MANAGEMENT

We are a fast-growing commercial property and casualty insurance company with operations in Canada and the United States. Our business focuses on commercial lines with a smaller personal lines portfolio. Some of our key products include liability, property, surety, and warranty. This is an exciting opportunity to join the small and growing Risk Management Department. We are looking for a technical and dynamic actuary reporting to the Chief Risk Officer of Trisura Specialty, one of the main operating divisions of Trisura Group.

Accountabilities Include

• Collaborate with the Corporate Actuarial Department in risk and financial modeling related to:
• Development of new risk and capital models with an initial focus on reinsurance counterparty credit risk and climate scenario testing.
• Continued development and execution of other risk modeling supporting the ORSA and FCT processes.
• Continued development of the financial forecast model and use of the model to support business planning, capital planning, and the evaluation of new business opportunities.
• Implementation of property concentration mapping and deterministic catastrophe scenario testing.
• Provide oversight of catastrophe modeling done by third parties.
• Provide oversight of technical financial risks including Insurance Risk, Catastrophe Risk, and Reinsurance Counterparty risk within Trisura Specialty.
• Maintain a thorough knowledge of regulatory capital regimes in Canada and the United States as well as the Best Capital Adequacy Ratio. Support the incorporation of new risks and regulatory requirements within our risk and compliance framework through project initiatives as needed.
• Act as an advisor to the business on risk issues and provide ad hoc support such as the development of reporting, controls, policies, or processes.
• Support other risk management or actuarial projects or analyses as needed.

Qualifications

• Associate or Fellow of the Casualty Actuarial Society.
• 7+ years of relevant work experience.
• Broad knowledge of actuarial methods in property and casualty insurance.
• Experience with risk modeling, stress testing, and stochastic modeling is an asset.
• Familiarity with software such as Diva, Arius, and catastrophe modeling tools is an asset.

If you are looking for a career in an exciting and rewarding company, are driven to excel, thrive in a team environment and want to contribute to the success of an organization that values your contribution, we would like to hear from you!

We are committed to an inclusive and barrier-free workplace that reflects the diversity in each of our offices across Canada. Accommodations will be provided on request for candidates taking part in all aspects of our recruitment and selection process.

We thank all candidates for their interest; however, only those selected for an interview will be contacted.

Trisura, headquartered in the heart of Canada’s financial district, is a specialty lines insurer with a focus on Surety, Specialty Insurance, Property & Casualty, and Warranty products.

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Finance and Sales
• Industries
• Insurance