Senior Actuarial Analyst, Business Planning

Foresters Financial; Toronto; Hybrid; CAD 80,000 - 130,000; Full time

Job summary

A leading financial services company in Toronto seeks a Senior Actuarial Analyst to join their Business Planning team. The role is centered on financial modeling, analysis, and reporting across various actuarial disciplines. Candidates should possess the ASA designation and demonstrate experience in financial reporting and analysis for life insurance and annuities. This is a great opportunity to contribute strategically while developing a robust understanding of the insurance and financial products landscape in the U.S. and Canada.

Benefits

Equal Opportunity Employment

Inclusion and Diversity initiatives

Accessible recruitment process

Qualifications

• 4+ years of experience in financial roles.
• Working knowledge of relational databases and programming.
• Strong results-oriented mindset.

Responsibilities

• Prepare and analyze comprehensive financial projections.
• Support Financial Condition Testing and Regulatory reporting.
• Implement process improvements for value addition.

Skills

Financial Reporting

Earnings by Source

Financial Condition Testing

Time Management

Personal Accountability

Education

ASA designation

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 working within Foresters Financials' actuarial community. This role involves supporting the development of models and processes for the company’s financial projection analysis, assessing current and projected financial conditions, and implementing strategic action and risk mitigation to support management decision and ensure efficient capital deployment.

The incumbent will gain exposure across a wide range of 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. He or she will gain experience working with comprehensive financial modelling systems that utilize a variety of actuarial, spreadsheet, database, and reporting software. Job Description

Key responsibilities/accountabilities

• Support the preparation and analysis of financial projection deliverables: 10-year Business Plan, Financial Condition Testing, Standardized Stress Testing etc.
• Support the ongoing development and maintenance of the financial projection system on multiple reporting basis (e.g. IFRS17, NAIC, LICAT, RBC)
• Support the preparation of quarterly forecast on financial position
• Prepare the necessary calculations for key metrics to support on-going enterprise Own Risk and Solvency Assessment (ORSA) and Risk Reporting process
• Assist department in analysis of various ad-hoc issues
• Implement process improvements to drive ongoing value from department reporting and analysis
• Prepare appropriate documentation consistent with professional actuarial standards and in compliance with all applicable legislation

Key qualifications/competencies

• Attained the ASA designation and currently writing Society of Actuaries exams with the intention of achieving the FSA & FCIA designations with 4 or more years of experience in financial roles that would ideally include: Financial Reporting, Earnings by Source and/or Financial Condition Testing
• Experience with various computer systems. These include the business modeling and valuation system (e.g. AXIS), Microsoft Office software (e.g. Excel), databases (e.g. SQL Server), and database tools (e.g. SSMS)
• Working knowledge of relational databases and programming languages
• Strong time management skills and ability to multi-task and respond to evolving business needs
• Strong personal accountability
• Results and impact oriented
• Knowledge of the financial services industry, including financial products: life insurance, annuities, segregated funds, mutual funds for both Canada and the U.S
• Knowledge of professional standards, regulatory laws, regulations and guidance issued by the Canadian Institute of Actuaries, the Society of Actuaries and the American Academy of Actuaries, including standards of practice and professional standards preferred

#LI-Hybrid

Equal Opportunity Employment and Inclusion – at Foresters Financial, we are committed to sustaining an equal opportunity environment for all job applicants. We embrace Inclusion, Diversity and Equity (IDE) as a core strategic objective for building strong, innovative teams in which all our employees can show up wholly and authentically as themselves.

Foresters Financial strives to provide an accessible candidate experience for prospective employees with different abilities. If you anticipate needing any type of accommodations during the recruitment process, please email [e-mail] in advance of your appointment.

Thank you for choosing Foresters. Only those candidates who will be selected for further consideration will be contacted by our Talent Acquisition Team.