Senior Actuarial Analyst, Business Planning

The Independent Order of Foresters; Toronto; Hybrid; CAD 85,000 - 110,000; Full time

Job summary

A financial services organization in Toronto is seeking a Senior Actuarial Analyst Business Planning to support financial projections and risk assessments. The ideal candidate will have an ASA designation, 4+ years of experience, and skills in financial modeling. This role offers a full-time position with hybrid work options.

Qualifications

• 4+ years of experience in financial roles.
• Experience with modeling and valuation systems.
• Knowledge of financial services products in Canada and the U.S.

Responsibilities

• Support the preparation and analysis of financial projection deliverables.
• Assist in the development and maintenance of the financial projection system.
• Calculate key metrics for Own Risk and Solvency Assessment.

Skills

Financial Reporting

Earnings by Source

Financial Condition Testing

Time management

Impact-driven mindset

Education

ASA designation

Pursuing FSA & FCIA designations

Tools

AXIS

Microsoft Office

SQL Server

SSMS

Job description

Career Opportunity

Role Title: Senior Actuarial Analyst Business Planning

Purpose of Role:

The Senior Actuarial Analyst Business Planning is part of the Business Planning team within the Foresters Financial actuarial community. This role involves supporting the development of models and processes for financial projection analysis, assessing current and projected financial conditions, and implementing strategic actions and risk mitigation to support management decisions and ensure efficient capital deployment.

The incumbent will gain exposure across various actuarial disciplines, including financial modeling, solvency requirements, valuation and management reporting, insurance/annuity products, and fraternal benefits analysis for both Canada and the U.S. They will gain experience working with comprehensive financial modeling systems utilizing actuarial spreadsheets, databases, and reporting software.

Job Description

Key Responsibilities / Accountabilities:

• Support the preparation and analysis of financial projection deliverables such as the 10-year Business Plan, Financial Condition Testing, Standardized Stress Testing, etc.
• Assist in the ongoing development and maintenance of the financial projection system across multiple reporting bases (e.g., IFRS17, NAIC, LICAT, RBC).
• Support the preparation of quarterly forecasts on financial position.
• Calculate key metrics to support enterprise Own Risk and Solvency Assessment (ORSA) and Risk Reporting processes.
• Assist the department in analyzing various ad-hoc issues.
• Implement process improvements to enhance department reporting and analysis value.
• Ensure documentation complies with professional actuarial standards and applicable legislation.

Key Qualifications / Competencies:

• Attained the ASA designation and currently pursuing FSA & FCIA designations, with 4+ years of experience in financial roles, including Financial Reporting, Earnings by Source, or Financial Condition Testing.
• Experience with modeling and valuation systems (e.g., AXIS), Microsoft Office (Excel), databases (SQL Server), and database tools (SSMS).
• Working knowledge of relational databases and programming languages.
• Strong time management skills and ability to multi-task and adapt to evolving business needs.
• Personal accountability, results-oriented, and impact-driven.
• Knowledge of the financial services industry, including products like life insurance, annuities, segregated funds, and mutual funds in Canada and the U.S.
• Understanding of professional standards, regulatory laws, and guidance from the Canadian Institute of Actuaries, Society of Actuaries, and American Academy of Actuaries.

LI-Hybrid

Foresters Financial is committed to equal opportunity employment and inclusion. We embrace Inclusion, Diversity, and Equity (IDE) as core strategic objectives to build strong, innovative teams where all employees can be authentic.

We strive to provide accessible candidate experiences for individuals with different abilities. Please contact us in advance if accommodations are needed during the recruitment process.

Thank you for considering Foresters. Only candidates selected for further consideration will be contacted.

Required Experience: Senior IC

Key Skills: Accounts Handling, Business Analysis, Business Administration, HACCP, Art

Employment Type: Full-Time

Experience: years

Vacancy: 1