Risk Modelling Services, Actuarial, Life Senior Associate

PwC; Toronto; On-site; CAD 85,000 - 135,000; Full time

Job summary

PwC Canada is seeking a Life Actuary, Senior Associate, to join our Risk Modelling Services (RMS) team in Toronto. You will contribute to risk modelling, actuarial liability valuation, and IFRS 17 work while supporting consulting and audit assignments for a diverse client base.

You will collaborate with senior actuaries and cross-functional teams to deliver technical solutions, model governance, and data analytics initiatives, with opportunities to lead engagements and coach junior staff as you

Qualifications

• Considerable experience in an actuarial role in the life insurance industry.
• Actively pursuing the FCIA designation, or recent FCIA
• Working knowledge of IFRS 17, investments, hedging, stochastic modeling, segregated funds, participating products or product development considered an asset
• Prior experience within a consulting or advisory role is an asset
• Demonstrated strong technical skills using AXIS/Risk Integrity and MS Office suite
• Proven ability working with data analytic tools (Tableau, Alteryx, VBA) and an appetite for development of AI solutions considered an asset
• Exceptional commitment to providing excellent client service, by building and maintaining productive relationships with both internal and external clients

Responsibilities

• Supporting a broad range of consulting services and audit support assignments.
• Provide support for IFRS 17 financial statement audits as an actuarial specialist, including assessment of valuation methodology and assumptions, experience studies, regulatory capital reporting, reserve reconciliation and data validation.
• Working on ad-hoc engagements such as insurance systems modernization, model governance, AXIS modelling, and the development of AI solutions
• 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

Skills

Actuarial experience

FCIA designation in progress

IFRS 17 knowledge

Data analytics tools

AxIS/Risk Integrity proficiency

MS Office proficiency

Communication & client service

Education

FCIA designation in progress

Tools

Moody's AXIS

Risk Integrity

Tableau

Alteryx

VBA

MS Office

Job description

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 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, regulation, and the efficiency of models or reporting processes. You will also have the opportunity to work with other professionals within PwC leveraging the latest in technology to help solve important 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 Senior 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 and risk review and analysis, advisory services on IFRS 17, M&A related consulting, product development, and a variety of other consulting work
• Provide support for IFRS 17 financial statement audits as an actuarial specialist, including assessment of valuation methodology and assumptions, experience studies, regulatory capital reporting, reserve reconciliation and data validation. You will work closely with experienced actuaries and colleagues across PwC to ensure that the actuarial liabilities are fairly presented in the financial statements
• Working on ad-hoc engagements such as insurance systems modernization, model governance, AXIS modelling, and the development of AI solutions
• 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

This position ensures continuity and upholds our standards of excellence following the departure of a valued team member.

What You'll Bring

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

• Considerable experience in an actuarial role in the life insurance industry
• Actively pursuing the FCIA designation, or recent FCIA
• Working knowledge of IFRS 17, investments, hedging, stochastic modeling, segregated funds, participating products or product development considered an asset
• Prior experience within a consulting or advisory role is an asset
• Demonstrated strong technical skills using Moody's AXIS/Risk Integrity and MS Office suite
• Proven ability working with data analytic tools (Tableau, Alteryx, VBA) and an appeitite for development of AI solutions considered an asset
• 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

The salary range for this position is $84,700 - $134,700. 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