Risk Modelling Services, Actuarial, Life Associate

PwC Canada; Toronto; On-site; CAD 58,000 - 98,000; Full time

Job summary

PwC Canada is seeking a Life Actuary in Risk Modelling Services to advise on solvency, economic capital, risk management, M&A, and IFRS 17 across clients in multiple sectors. You will model assumptions, support valuation work, and deliver insights that improve decisions.

You will work with AXIS, PowerBI and Python, collaborate across Advisory, Deals and Data & Analytics, and have opportunities to lead engagements and mentor junior staff.

Qualifications

• Experience in an actuarial role in the life insurance industry.
• Knowledge of IFRS 17, investment, hedging, stochastic modeling, segregated funds, participating products.
• Experience with data analytics tools (PowerBI, Alteryx, Python).
• Strong technical skills with Moody’s AXIS and MS Office.
• Excellent client service and relationship-building.
• Advanced analytical and problem-solving skills with attention to detail.
• Ability to manage multiple priorities under tight timelines.
• Strong written and oral communication; able to explain actuarial concepts.
• Diversity and inclusion commitment.

Responsibilities

• Support consulting and audit assignments with actuaries on Appointed Actuary and actuarial liability valuation work, capital review and analysis, advisory services on IFRS 17, M&A related consulting, product development, and a variety of other consulting work.
• Work on advanced analytics, insurance systems modernization, model governance and AXIS modeling.
• Collaborate, plan and execute cross-functional projects with Advisory, Deals, Assurance, Tax and Data & Analytics.
• Work towards leading your own engagements and teams.
• Coaching and providing technical training to junior staff to deliver results.

Skills

Actuarial expertise

IFRS 17 knowledge

Analytical thinking

Communication skills

Time management

Tools

PowerBI

Alteryx

Python

Moody’s AXIS

MS Office

Job description

A career in our Risk Modelling Services (RMS) team as a Life Actuary, will provide you with the opportunity to contribute risk modeling and general insurance advice and consulting services to clients across all sectors. You’ll provide advice covering solvency, economic capital, risk management, mergers and acquisitions, company restructuring and risk control, financial modeling, underwriting, new legislation, and the efficiency of claims or reporting processes. You will also have the opportunity to work with other professionals within PwC leveraging the latest in technology to help solve client challenges. With us, you will have a clear career path, leaders who care about and support your development and goals. We focus on offering diverse learning and development opportunities to produce well-rounded professionals.

The Opportunity

As a Risk Modelling Services, Actuarial, Life Associate, unlock your potential and embrace the chance to drive meaningful outcomes that’ll elevate your career. Your role will include, but isn’t limited to:

• Supporting a broad range of consulting services and audit support assignments. Consulting services involve working closely with senior actuaries on Appointed Actuary and actuarial liability valuation work, capital review and analysis, advisory services on IFRS 17, M&A related consulting, product development, and a variety of other consulting work. External audit engagements include examination and review of valuation methodologies and assumptions, valuation processes and data, experience studies, FCT reports and regulatory capital reporting
• Working on advanced analytics, insurance systems modernization, model governance and AXIS modeling
• Collaborating, planning and executing cross-functional projects with people outside of your core discipline including Advisory, Deals, Assurance, Tax and Data & Analytics
• Working towards leading your own engagements and teams
• Coaching and providing technical training to junior staff to deliver results

What You’ll Bring

Your skills, knowledge, and experiences are what set you apart. Here’s what we look for:

• Experience in an actuarial role in the life insurance industry
• Working knowledge of IFRS 17, investment, hedging, stochastic modeling, segregated funds, participating products or product development considered an asset
• Prior Proven ability working with data analytic tools (PowerBI, Alteryx, Python) considered an asset
• Demonstrated strong technical skills using Moody’s AXIS and MS Office suite
• Exceptional commitment to providing excellent client service, by building and maintaining productive relationships with both internal and external clients
• Advanced analytical and problem solving skills with strong attention to detail
• Ability to manage multiple, concurrent priorities and work effectively under tight timelines
• Strong written and oral communication skills with the ability to explain complex actuarial concepts to both technical and non-technical audiences
• A demonstrated commitment to valuing differences and working alongside and/or coaching diverse people and perspectives

This newly created role reflects our commitment to growth and delivering distinctive value for our clients and stakeholders.

The salary range for this position is $58,400 - $97,500. The posted salary range represents the expected hiring range for PwC locations in major city centres. Given our national recruiting approach, ranges may vary for positions in other locations. At PwC Canada, base salary is determined by your skills, experience, qualifications and work location. In addition to base salary, eligible employees may have opportunities to participate in variable incentive pay programs which are designed to reward individual and firm-wide achievements. We are committed to offering competitive compensation and adhere to all relevant pay transparency legislation. During the hiring process, our Talent Acquisition team will provide details about our comprehensive total rewards package.

Why you’ll love PwC

We’re inspiring and empowering our people to change the world. Powered by the latest technology, you’ll be a part of diverse teams helping public and private clients build trust and deliver sustained outcomes. This meaningful work, and our continuous development environment, will take your career to the next level. We reward your impact, and support your wellbeing, through a competitive compensation package, inclusive benefits and flexibility programs that will help you thrive in work and life.

PwC Canada acknowledges that we work and live across Turtle Island, on the land that is now known as Canada, which are the lands of the ancestral, treaty and unceded territories of the First Nations, Métis and Inuit Peoples. We recognize the systemic racism, colonialism and oppression that Indigenous Peoples have experienced and still go through, and we commit to allyship and solidarity.

We’re committed to providing accommodation throughout the application, interview, and employment process. If you require accommodation to be at your best, please let us know during the application process.

The use of artificial intelligence (AI) in recruiting is just getting started, so we know you have questions about how and why we use it. At certain points during our recruiting process, we rely on AI to improve your experience. This could be during resume review or curating personalized job recommendations, asking you clarifying questions via a chatbot or during our interview scheduling to improve your experience. Our use of AI helps ensure we combat bias by evaluating candidates equally and fairly, without seeing identity information, such as your name, or gender for example). AI also helps us better predict successful hires by reviewing all applicants for a role and the relationship between your skills, experience and likely success at PwC Canada. While AI supports parts of our recruitment process, final hiring decisions always involve human review. For more information about our use and protection of your data, please refer to our Privacy Policy (https://www.pwc.com/ca/en/privacy-policy.html).

762319WD