Risk Modelling Services, Actuarial, Life Associate

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

Job summary

PwC Canada in Toronto is seeking a Life Actuary Associate within Risk Modelling Services (RMS). You will contribute to risk modeling, solvency, economic capital, and IFRS 17 advisory work for clients across sectors.

You’ll collaborate with senior actuaries on actuarial valuations, capital reviews, product development, and regulatory reporting. You will work with analytics and insurance systems modernization, model governance, AXIS modeling, and cross-functional teams to deliver client solutions.

Qualifications

• Experience in an actuarial role in the life insurance industry.
• Knowledge of IFRS 17, investment, hedging, stochastic modeling.
• Experience with data analytics tools (Power BI, Alteryx, Python) is an asset.
• Proven ability using Moody's AXIS and MS Office.
• Strong client service and relationships.
• Analytical and problem-solving skills with attention to detail.
• Ability to manage multiple priorities under tight timelines.
• Clear written and verbal communication; explain actuarial concepts to varied audiences.
• Commitment to valuing differences and collaborating with diverse teams.

Responsibilities

• Support a broad range of consulting services and audit engagements on actuarial valuations, capital review and IFRS 17 work.
• Work on AXIS modeling, advanced analytics, and insurance systems modernization.
• Collaborate across Advisory, Deals, Assurance, Tax and Data Analytics.
• Progress toward leading engagements and teams.
• Coach and train junior staff to deliver results.

Skills

Actuarial Life Insurance

IFRS 17 knowledge

Stochastic modeling

Data analytics familiarity

Analytical skills

Communication skills

Project management

Client relationships

Tools

Power BI

Alteryx

Python

Moody's AXIS

MS Office

Job description

Line of Service Assurance Industry/Sector Not Applicable Specialism Actuarial Services Management Level Associate

Job Description & Summary 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. Learn more about your Application Process and Total Rewards Package at: https://jobs-ca.pwc.com/ca/en/life-at-pwc

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 a