Senior Actuarial Analyst

Sagicor Financial Company; Toronto; On-site; CAD 105,000 - 135,000; Full time

Benefits offered by this job

Flexible and hybrid work arrangements

Professional development opportunities

Recognition programs

Job summary

Sagicor seeks an Actuarial Specialist to join the Toronto-based team supporting SRBL, focusing on actuarial valuation, financial reporting and capital forecasting under IFRS 17. The role involves delivering quarterly analyses and collaborating with Senior Management and the Board.

You will maintain AXIS-based valuation models, support Bermuda EBS reporting, and contribute to process improvements including AI initiatives. Strong SQL/Python skills and Excel proficiency are essential.

Qualifications

• Bachelor degree in Actuarial Science, Mathematics, Statistics, Economics or Finance.
• Associate level designation or close to completion with 2–5 years of experience.
• Experience in actuarial valuation, reporting, capital modeling or solvency processes.
• Ability to deliver analyses under strict monthly, quarterly and annual timelines.
• Familiarity with IFRS 17, AXIS and Bermuda EBS.

Responsibilities

• Provide actuarial valuation support for SRBL including IFRS 17 reporting.
• Prepare financial and capital reporting materials for senior management.
• Maintain and improve actuarial valuation models in AXIS.
• Support AI initiatives to enhance workflows and efficiency.
• Ensure accuracy and timely actuarial deliverables.

Skills

Actuarial valuation

Financial reporting

Capital modeling

IFRS 17

Bermuda EBS

AXIS

SQL

Python

VBA

Excel

Education

Bachelor of Science in Actuarial Science / Mathematics

Tools

AXIS

SQL

Python

VBA

R

Excel

Job description

Salary Range: $105,000.00 To $135,000.00 Annually

Welcome to Sagicor

Sagicor is a leading financial services provider with over 180 years of history, which operates across the Caribbean, in the United States and Canada.

Sagicor currently operates in 19 countries and maintains a strong market position in most of the markets where it operates. Sagicor has four reporting operating segments, Sagicor Life, Sagicor Jamaica, Sagicor Life USA and Sagicor Canada.

Sagicor’s objective is to be a leading insurance and financial services provider of world class products and services to better serve its customers and other stakeholders in its markets. Sagicor is focused on growing its business in the markets in which we operate and actively supporting the communities in which we serve

Welcome to Sagicor

Sagicor is a leading financial services provider with over 180 years of history, which operates across the Caribbean, in the United States and Canada.

Sagicor currently operates in 19 countries and maintains a strong market position in most of the markets where it operates. Sagicor has four reporting operating segments, Sagicor Life, Sagicor Jamaica, Sagicor Life USA and Sagicor Canada.

Sagicor’s objective is to be a leading insurance and financial services provider of world class products and services to better serve its customers and other stakeholders in its markets. Sagicor is focused on growing its business in the markets in which we operate and actively supporting the communities in which we serve

Here’s the job opportunity…

Works as part of the Actuarial team supporting Sagicor Reinsurance Bermuda Ltd. (SRBL), providing actuarial valuation, financial reporting, capital reporting and modelling support, including IFRS17 and Bermuda EBS reporting.

This role is based in Toronto, Canada.

Key Responsibilities

• Serve as actuarial support for Sagicor’s Bermuda captive reinsurance entity (SRBL).
• Perform quarterly actuarial valuation for SRBL including IFRS17 and Bermuda EBS reporting.
• Prepare actuarial analysis, reporting and supporting materials used in the presentation of IFRS 17 financial results to Senior Management and the Board.
• Implement, maintain, and improve the actuarial valuation models in AXIS.=
• Understand and implement the actuarial control processes for SRBL.
• Prepare in depth analysis for sensitivity test, capital adequacy and risk management.
• Perform model validations for SRBL.
• Support the implementation of artificial intelligence processes to enhance actuarial workflows and operational efficiency.
• Improve the actuarial functions by identifying and improving inefficiencies.
• Establish as the subject matter expert in areas assigned.
• Perform any other duties as assigned.

What we pay

$105,000 - $135,000

Qualifications

• A Bachelor of Science degree in Actuarial Science, Mathematics, Statistics, Economics or Finance with a strong background in Mathematics including Calculus, Probability and Statistics.
• Associate level designation (or approaching completion of associate level designation) along with two to five (2-5) years of experience in a similar capacity.
• Experience supporting actuarial valuation, financial reporting, capital modeling, or solvency assessment processes within a regulated insurance environment.
• Demonstrated ability to deliver accurate analyses and reporting under strict monthly, quarterly, and annual reporting timelines.
• Possesses deep intellectual curiosity and strong analytical skills, including willingness to learn various life insurance valuation and capital standards, and actuarial software, such as: IFRS 17, Bermuda EBS and AXIS.
• A high level of proficiency in the use of AXIS and Microsoft Office Software with strong Excel skills
• Good verbal and written communication skills along with good organisational skills.
• Detailed oriented and deadline driven with good time management skills.
• Working knowledge of life insurance products, actuarial liabilities, IFRS 17, capital reporting or statutory reporting is an asset
• Proficiency in SQL, Python, VBA and R programming would be an asset.
• Experience with life insurance valuation, IFRS 17 reporting, Bermuda EBS reporting, AXIS modeling and/or reinsurance operations is strongly preferred.

What’s in it for you

At Sagicor, it's important for us to keep our people motivated, recognized and rewarded. We offer competitive pay, one of the many reasons Sagicor is a great place to work.

When you join the Sagicor team you also get ...

• Flexible and hybrid work arrangements
• Opportunities for professional development
• Recognition programs to cheer you on, motivate and reward

A Human Resources representative is available to consult with applicants who require accommodation in the application or recruitment process. Any information shared by the applicant about an accommodation will be treated as confidential. If you do require an accommodation, please email [e-mail]