Assistant or Associate Actuary, Corporate Actuarial

Foresters Financial; Toronto; Hybrid; CAD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking an Assistant or Associate Actuary to support the Canadian IFRS17 valuation process. This role offers an exciting opportunity to work closely with actuarial teams and key stakeholders, ensuring best practices in valuation modeling. You will coordinate quarterly reporting, lead earnings analysis, and mentor junior staff, all while fostering collaborative relationships across various departments. Join a forward-thinking company committed to diversity and inclusion, where your contributions will drive continuous improvement and innovation in the actuarial field.

Qualifications

• Recently qualified FCIA Actuary with at least 3 years of life insurance experience.
• Strong analytical and modeling skills with a focus on continuous improvement.

Responsibilities

• Coordinate quarterly IFRS17 reporting and lead earnings analysis.
• Support communication with auditors and regulators regarding IFRS17 deliverables.

Skills

Analytical Skills

Modeling Skills

Communication Skills

Innovative Thinking

Report Writing

Education

FCIA Actuary Qualification

Tools

AXIS

Risk Integrity

DataLink

Excel

VBA

Job description

Career Opportunity

Role Title: Assistant or Associate Actuary, Corporate Actuarial

Purpose of Role

The Assistant or Associate Actuary supports the Canadian IFRS17 valuation process and other projects related to the Appointed Actuary function. Responsibilities include ensuring best practices in valuation modeling, supporting assumption review processes, and communicating effectively with internal and external stakeholders.

This role involves coordinating quarterly reporting by managing actuarial staff and collaborating with various departments. The incumbent will lead the development and enhancement of valuation models, work closely with actuarial teams and key stakeholders such as Planning, Finance, Audit, and the U.K. actuarial team.

Key Responsibilities/Accountabilities

1. Coordinate quarterly IFRS17 reporting activities, including liability and asset data loading, assumption updates, Risk Integrity project setup, and OSFI filings.
2. Lead quarterly MD&A earnings analysis, providing strategic insights and recommendations to senior management.
3. Assist in preparing the annual Appointed Actuary Report (AAR) for the enterprise and the Canadian insurance subsidiary.
4. Support communication with auditors, regulators, and external consultants regarding IFRS17 deliverables.
5. Implement annual changes, lead modeling projects, and improve processes for ongoing value creation.
6. Conduct data analyses for annual experience studies and contribute to assumption setting.
7. Maintain actuarial process documentation compliant with standards and legislation.
8. Stay updated on financial reporting changes and industry standards, assessing regulatory implications.
9. Build collaborative relationships with stakeholders across various teams.
10. Manage and mentor actuarial students and interns, fostering their professional growth.

Key Qualifications

• Recently qualified FCIA Actuary with relevant life insurance experience and at least 3 years of professional experience.
• Knowledge of Canadian valuation, capital requirements, and regulations.
• Strong analytical, modeling, and innovative thinking skills.
• Ability to champion ideas and drive continuous improvement.
• Excellent report writing and communication skills.
• Expertise in AXIS, Risk Integrity, and DataLink.
• Proficient in Excel and VBA.
• Understanding of Canadian and US financial products, including life insurance, annuities, and segregated funds.
• Effective communicator capable of presenting ideas and negotiating across disciplines and levels.
• Experience in leading and developing junior staff through mentorship and participation in projects.

Additional Information

#LI-Hybrid

Equal Opportunity Employment and Inclusion

Foresters Financial is committed to an inclusive environment. We support Diversity, Equity, and Inclusion (DEI) as a strategic priority. We strive to provide accessible recruitment processes. If accommodations are needed, please contact [e-mail].

Thank you for considering Foresters. Only shortlisted candidates will be contacted.