Senior Manager, Actuarial

Work Location:
Toronto, Ontario, Canada

Hours:
37.5

Line of Business:
Data & Analytics

Pay Details:
$136,000 - $195,000 CAD

The pay details posted reflect a temporary market premium specific to this role that is reassessed annually.

Job Description:

Department Overview:

TD Insurance (TDI) is part of TD Bank Group, one of Canada's largest financial institutions. TDI helps protect clients from the 'accidents of life' with a wide range of products including credit protection, life, health, travel, home and auto insurance. With more than three million clients, TDI authorized products and services are available online, over the phone, and through a network of more than 1,000 TD Canada Trust branches.

Job Description / Accountabilities:

Reporting to the AVP, Appointed Actuary, TD Insurance Risk Management, the Senior Manager, IFRS 17 Valuation serves as a key actuarial lead for on-going actuarial modelling enhancements for the Life & Health corporate and valuation actuarial teams supporting TD Insurance. The role will also support the AVP on various deliverables of the group as required for the Appointed Actuarial Report, FCT, EWST, LICAT, ORSA or other process and control improvements.

Role Overview - Senior Manager, IFRS 17 Valuation:

This position, with support of financial analysts on her/his team and collaboration with cross-functional teams, will provide:

• Understanding of IFRS 17 accounting standard - successful candidate will demonstrate a thorough understanding of IFRS 17, Insurance Contracts (IFRS 17) in the context of Actuarial modelling implications and be able to effectively work cross-functionally with Finance on IFRS 17 actuarial disclosures in relation to TD's Life & Health business, for both TD Life Insurance Company and TD Re (Barbados) level.
• IFRS 17 actuarial modelling - The successful candidate will utilize her/his knowledge to update actuarial models including reinsurance, working through data flow changes with the IFRS 17 tool.
• IFRS 17 and new products - As the L&H business evolves, the senior manager will work with the L&H business and rest of the Corporate and Valuation Actuarial teams to integrate any new products, product changes, new reinsurance arrangements into the IFRS 17 accounting and related revised capital frameworks.
• IFRS 17 Project Governance and Education - The senior manager will assist the Appointed Actuary and project team with presentations to stakeholders and governance committees within TD Insurance and TDBG as well as relevant external stakeholders.
• Special Projects and Continuous Improvement- Lead the team in the development and evolution of the valuation, LICAT and FCT model including any implementation of new products.
• Corporate Actuarial - The Senior Manager will support the AVP in collaboration with the rest of the team in support of the Appointed Actuary's corporate actuarial deliverables.

Additional Skills Required:

• Communication:
  Ability to communicate effectively in English, both verbally and in writing. French is an asset.
  Highly adaptable in discussions with different stakeholders.
• Analytical Skills:
  Strong problem-solving skills and judgment.
• Management and team-work:
  Ability to constructively challenge and motivate team and cross-functional/group stakeholders.

Professional Guidelines:

• Undergraduate degree in actuarial science or other quantitative area of study
• Corporate actuarial / valuation experience
• Experience with GGY AXIS (and SAS is an asset)
• Acquired Fellowship with the Society of Actuaries and Canadian Institute of Actuaries (FSA and FCIA).
• Minimum 7 years of Life & Health Insurance actuarial experience.

Who We Are:

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them achieve their goals. Total Rewards at TD includes a base salary, variable compensation, and several key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs.

Additional Information:
We're delighted that you're considering building a career with TD. Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development
If you're interested in a specific career path or are looking to build certain skills, we want to help you succeed. You'll have regular career, development, and performance conversations with your manager.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you've got everything you need to succeed in your new role.

Interview Process
We'll reach out to candidates of interest to schedule an interview.

Accommodation
Your accessibility is important to us. Please let us know if you'd like accommodations to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!