Senior Actuarial Analyst

Sagicor Life Insurance Company USA; Toronto; On-site; CAD 75,000 - 100,000; Full time

Job summary

A leading financial services provider seeks a Senior Actuarial Analyst in Toronto. You will support the development of IFRS17 financials and lead quarterly valuations. The role requires strong analytical skills, experience in actuarial work, and proficiency in relevant tools. Join an inclusive environment committed to professional growth.

Qualifications

• 2+ years of experience in the actuarial area.
• Near ASA or equivalent designation.
• Good understanding of IFRS 17 principles.

Responsibilities

• Lead quarterly IFRS 17 valuation for Life and Annuity lines.
• Provide analysis of key IFRS 17 components.
• Collaborate with Finance and Modelling team for process efficiency.

Skills

Analytical skills

Communication

Organizational skills

Education

Bachelor of Mathematics

Bachelor of Actuarial Science

Finance-related degree

Business-related degree

Tools

GGY AXIS

Excel

Python

VBA

SQL

Job description

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 17 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.

In North America Sagicor is comprised of Sagicor Canada (ivari) and Sagicor Life Insurance Company. For the last 12 months ending September 30, 2024, revenues were US$2.7 billion with assets under management of US$52 billion.

Sagicor Life Insurance Company operates in the US, in 45 states and the District of Columbia. It has offices in Tampa, FL and Scottsdale, AZ and employs 160 people with a wide range of skills and expertise. We provide annuity and life products focusing on pre- and post-retiree clients through independent producers and financial advisors.

At Sagicor, we aim to attract, develop, and retain a workforce as diverse as the customers we serve and the communities in which we do business. We offer an inclusive and accessible work environment where all employees and customers feel valued, respected, and supported.

Here’s the job opportunity…

Senior Actuarial Analyst to provide actuarial support for the ongoing development and production of IFRS17 financials. Product suite includes both life and annuity products.

Key Responsibilities

• Lead and perform quarterly IFRS 17 valuation for Life and Annuity lines of business, including running the AXIS model for reserve analysis, financial reporting, and variance analysis
• Provide analysis of movement in key IFRS 17 components and explain drivers of change
• Collaborate with Finance, Investment, Modelling team to ensure data integrity and process efficiency
• Assist in assumption setting and impact analysis for valuation reporting purposes
• Support internal controls, audit requirements, and regulatory compliance related to IFRS 17 processes and outputs
• Identify opportunities to streamline valuation processes and enhance reporting efficiency through automation and tool development
• Mentor analysts and contribute to knowledge sharing across the actuarial team

Qualifications

• Bachelor of Mathematics / Actuarial Science, Finance or Business-related degree
• 2 or more years of experience in the actuarial area
• Near ASA or equivalent designation, and actively pursuing actuarial exams
• Good understanding of IFRS 17 principles, actuarial reserving, and financial reporting frameworks
• Strong proficiency in GGY AXIS, Excel, and programming tools (Python, VBA, SQL) is an asset
• Strong analytical, communication and organizational skills
• Proven ability to work independently and collaborative in a fast-paced environment.