Senior Analyst, Modelling

Socket.dev; Vancouver; On-site; CAD 74,000 - 92,000; Full time

Benefits offered by this job

Accrued vacation

Annual performance bonus

Training and mentorship

Job summary

CMHC is seeking a Senior Analyst, Modelling to advance actuarial and financial foresight for Canada’s mortgage sector. The role focuses on valuation, capital adequacy, and IFRS 17 processes within a hybrid, 12-month contract.

You will work with a team to improve models and deliver timely analyses. Applicants should have a quantitative degree and at least three years of modelling experience in finance, with strong communication skills and proficiency in SAS, R, and Python.

Qualifications

• Bachelor's or Master's degree in a quantitative discipline as listed.
• Minimum 3 years of experience in a modelling role.
• Experience in financial industry (banks, insurance, pensions) is preferred.
• Knowledge of actuarial valuation methodologies, mathematical finance, and risk analysis.

Responsibilities

• Provide specialized actuarial expertise for valuation, capital adequacy, and financial projections.
• Develop or validate IFRS 17 valuation and insurance contract accounting models.
• Monitor model performance and identify improvements for analytical tools.
• Maintain documentation, controls, and maintenance for models and analyses.
• Ensure timely model outputs for financial reporting.
• Respond to ad-hoc actuarial/finance requests with clear interpretation.
• Stay updated on best practices in actuarial and quantitative methods.
• Maintain knowledge of regulatory requirements in insurance valuation.

Skills

Communication

Presentation skills

Collaboration

Independent work

Education

Bachelor's or Master's in Actuarial Sciences, Quantitative Finance, Mathematics, Economics, or Statistics

Tools

SAS

R

Python

Job description

Job Requisition ID: 12407

Position Status: Temporary Full Time

Position Type: Hybrid

Office Location: Ottawa (ON); Calgary (AB); Halifax (NS); Montreal (QC); Toronto (ON); Vancouver (BC)

Travel Requirement: Travel not required

Language Designation: English Essential

Language Skill Levels (Read/Write/Speak): ZZZ

Security Requirement: Secret

Salary: Our salaries generally range from $73555.31to $91944.14and are based on qualifications and experience.

About CMHC

The work you do and the work we do together matters. We come to work every day with a common purpose: to contribute to a well-functioning housing system.

At CMHC, we hold ourselves accountable for our results and support our colleagues in their achievements. We thrive on collaboration, connecting across CMHC and involving the right people to get our work done. Our leadership style is guided by trust, where our leaders favour an adaptive approach based on the needs of their teams.

Join us and be part of a team that's committed to making a real difference and be part of something meaningful.

What's in it for you

We've got the purpose, the people and the perks you need for a fulfilling career. Here's the comprehensive and generous benefits you get when you're a contract employee:

• Accrued vacation.
• Annual individual performance bonus.
• Support towards your personal and professional growth with training, mentorship and more.
• An inclusive workplace culture and environment.

About the role

Join the Finance - Insurance and Securitization team, in the Senior Analyst, Modelling position, where we use actuarial and financial foresight to improve housing affordability and serve as a key contributor to the growth of intellectual capital across the business and influence the development of actuarial and financial knowledge of Canada’s mortgage sector.

This is a temporary position of a duration of 12 months.

What you'll do:

• Providing deep and specialized expertise to CMHC's actuarial work including but not limited to actuarial valuation, capital adequacy assessment, financial statement projection and analysis.
• Developing or validating models and processes related to IFRS 17 actuarial valuation and insurance contract accounting.
• Monitoring model performance to ensure ongoing quality and proactively identifying opportunities to improve existing models and analytical tools.
• Ensuring appropriate documentation, controls and maintenance for all actuarial models/analysis/processes.
• Ensuring that model outputs and actuarial analysis are provided in a timely manner to meet corporate financial reporting requirements.
• Responding to ad-hoc actuarial/finance requests from internal and external stakeholders such as Management Committee members, Board members, OSFI or Department of Finance by developing accurate results, and using strong communication skills to promote understanding of the issue and provide appropriate interpretation and context.
• Maintaining current knowledge on best practices and recent developments in relevant actuarial/quantitative approaches and techniques through training and professional development activities.
• Maintaining current knowledge of regulatory requirements in the areas of insurance valuation and other relevant actuarial fields.

What you should have:

• A bachelor's or Master’s degree in a quantitative discipline such as Actuarial Sciences, Quantitative Finance, Mathematics, Economics, or Statistics.
• A minimum of three (3) years' experience in a modelling role.
• A demonstrated work experience in a similar role in financial industry including banks, insurance companies, pension funds, etc.
• An understanding of and demonstrated experience with actuarial valuation methodologies, mathematical finance methodologies and risk analysis.
• The ability to work independently with minimal supervision on technical and/or analytical work.
• Strong communication, presentation, and collaboration skills at all levels of the organization.
• Results oriented, accountable for performance, and taking complete ownership of projects.
• Knowledge of regulatory requirements and best practices with respect to insurance valuation or other actuarial related fields.
• Advanced programming knowledge of SAS, R and Python.

It would be great if you also had:

• A professional designation (Actuarial, Chartered Financial Analyst, Professional Risk Manager, Financial Risk Manager, Certificate in Quantitative Finance) considered an asset.

Posting closing date:

Note, the competition will remain active until filled.

Our commitment to diversity, equity, and inclusion

We're committed to employment equity and encourage women, Indigenous Peoples, persons with disabilities, veterans and persons of all races, ethnicities, religions, abilities, sexual orientations, and gender identities and expressions to apply. We also welcome applications from non-Canadians who are eligible to work in Canada.

CMHC is an inclusive workplace where diversity of thought - and of people - are recognized, valued, and considered essential to achieving our mission.

Learn more about our commitment to diversity and inclusion

What happens after you apply

We know that applying for a new job can be both exciting and daunting, and we appreciate your effort. Learn more about our hiring process. If you are selected for an interview or testing, please advise us if you require an accommodation.

If you applied before and you were not successful don't worry - we're always posting new positions, so don't hesitate to give it another shot. We're excited to see what you bring to the table this time around!