Senior Actuarial Associate (GAAP Reporting)

Athene; Toronto; On-site; CAD 70,000 - 110,000; Full time

Job summary

An established industry player is seeking a skilled Actuary to join their dynamic team in Toronto. This pivotal role involves managing and reporting on life and annuity business while producing quarterly GAAP results. The ideal candidate will have a strong background in the life insurance sector, particularly with annuities, and will be responsible for building detailed actuarial models and interfacing with senior management. Join a forward-thinking company that values innovation and excellence, and take your career to the next level by contributing to meaningful financial reporting processes and initiatives.

Qualifications

• Bachelor’s degree in a quantitative field and Associate of the Society of Actuaries required.
• 4+ years’ experience in life insurance, preferably in annuities.

Responsibilities

• Manage and report on inforce block of life and annuity business.
• Produce quarterly GAAP results and communicate to stakeholders.
• Build and maintain detailed actuarial models.

Skills

Attention to Detail

Project Management

Initiative

Communication Skills

Analytical Skills

Education

Bachelor’s degree in Mathematics or Quantitative Field

Associate of the Society of Actuaries

Tools

MS Office Suite

Python

SQL

Job description

We are Athene. At Athene, we are driven to do more. We are a leading retirement services company that issues, reinsures and acquires retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. We see every day as a new opportunity to measure ourselves against the best - and then we don't stop until we've set the bar even higher. We're ready to help you achieve more.

Purpose:

Athene has established a Canadian Service Company to attract and develop professional talent while supporting business units in the WDM and Bermuda locations. We are seeking an Actuary to join our team. This position, reporting to the Actuary, is responsible for assisting with GAAP reporting for Bermuda entities. The role involves managing and reporting on Athene’s inforce block of life and annuity business, producing quarterly GAAP results, and communicating these results to senior management and other stakeholders.

Accountabilities:

• Manage and report on Athene’s inforce block of life and annuity business
• Produce quarterly GAAP results
• Communicate results to senior management and other stakeholders
• Build, maintain, and document detailed actuarial models
• Develop, document, execute, and review modeling and process controls
• Interface with other Actuarial functions and provide new business support as required
• Maintain and document actuarial assumptions and standards
• Analyze and critique client company assumptions and methodologies
• Interface with internal and external auditors to answer inquiries and facilitate the audit process
• Modernize and improve the financial reporting process to maximize accuracy and efficiency
• Validate and test new reporting models and results

Qualifications and Experience:

• Bachelor’s degree in mathematics or any quantitative field
• Associate of the Society of Actuaries (or equivalent organization) required with demonstrated progress towards Fellowship in the Society of Actuaries
• 4+ years’ experience working in the life insurance industry, preferably in annuities within a U.S. GAAP framework
• Proficiency in MS Office suite and any programming language
• Experience with python or SQL is beneficial
• Strong attention to detail and ability to prioritize and manage several projects
• Demonstrated desire to take initiative and run with projects
• Comfortable interacting with senior management
• Ability to view “big picture”, understand broad corporate impacts, and focus on company objectives
• Excellent oral and written English language skills