Actuarial Specialist - Risk Management

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

Job summary

An exciting opportunity awaits in a dynamic and innovative insurance company focused on risk management. As an Actuarial Specialist, you will collaborate with a talented team to develop risk and financial models, ensuring effective oversight of catastrophe modeling and technical financial risks. This role is perfect for those with a passion for actuarial science and a desire to contribute to a growing department. Join a company that values diversity and offers a supportive work environment, where your contributions will directly impact the success of the organization. If you're ready to take the next step in your career, this is the place for you!

Qualifications

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

Responsibilities

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

333 Bay St., Toronto, ON M5H 2R2, Canada

Job Description

Posted Friday, February 28, 2025 at 5:00 AM

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:

1. Collaborate with the Corporate Actuarial Department in risk and financial modeling related to:
   1. Development of new risk and capital models with an initial focus on reinsurance counterparty credit risk and climate scenario testing
   2. Continued development and execution of other risk modeling supporting the ORSA and FCT processes
   3. 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
   4. Implementation of property concentration mapping and deterministic catastrophe scenario testing
2. Provide oversight of catastrophe modeling done by third parties
3. Provide oversight of technical financial risks including Insurance Risk, Catastrophe Risk, and Reinsurance Counterparty risk within Trisura Specialty
4. 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.
5. 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.
6. Support other risk management or actuarial projects or analyses as needed.

Qualifications:

1. Associate or Fellow of the Casualty Actuarial Society
2. 7+ years of relevant work experience
3. Broad knowledge of actuarial methods in property and casualty insurance
4. Experience with risk modeling, stress testing, and stochastic modeling is an asset.
5. 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. Trisura brings innovative solutions and expertise through a select network of both national and regional brokerage firms. The company, founded in 2006, and operating across North America with offices in Toronto, Halifax, Montréal, Calgary, Vancouver, Stamford, Denver, Chicago, Philadelphia, and Oklahoma City, is uniquely positioned to satisfy all varieties of risk in Contract, Commercial and Developer Surety, Directors' and Officers' Liability, Fidelity, and Professional Liability including Media Liability, as well as Warranty products.

trisura.com/careers

333 Bay St., Toronto, ON M5H 2R2, Canada