Specialist, Actuarial Services

Canada Mortgage and Housing Corporation; Ottawa; On-site; CAD 87,000 - 109,000; Full time

Benefits offered by this job

Annual individual performance bonus

Training and mentorship

Inclusive workplace culture

Job summary

Canada Mortgage and Housing Corporation (CMHC) in Ottawa is seeking a Specialist, Actuarial Services to help strengthen housing affordability by applying actuarial and financial foresight. You will contribute to CMHC’s intellectual capital and support the development of actuarial knowledge across the business.

This 12-month contract focuses on financial statement modelling, regulatory compliance, and advising on the financial impact of new products.

Qualifications

• Associate of the Canadian Institute of Actuaries, Casualty Actuarial Society and/or Societies of Actuaries designation or actively pursuing designation.
• A minimum of five years of related work experience.
• An understanding of and demonstrated experience with actuarial valuation methodologies, financial modelling, capital adequacy and risk management.
• The ability to work within a sophisticated technological environment (Databricks, DevOps) using various modelling and programming tools such as Python and R.
• Strong problem-solving and analytical skills.
• Strong written and verbal communication skills, with the ability to clearly explain analyses, assumptions and data insights to both technical and non-technical stakeholders.

Responsibilities

• Support the team in the development and maintenance of our Financial Statement models used to project CMHC’s finance and capital position under different economic scenarios.
• Perform duties of calculations, projections, analysis and reports related to the Corporate Plan, Capital Plan, Dividend Recommendation, Stress Testing, Financial Condition Testing and Pricing oversight.
• Support the team in providing interpretation, advice and guidance about the financial impact of new products and initiatives on CMHC’s projected financial statements and capital position.
• Ensure adequate controls are in place and are well documented for all relevant processes.
• Maintain current knowledge of regulatory requirements in the areas of insurance valuation, capital adequacy and other relevant actuarial fields.

Skills

Actuarial designation

5+ years experience

Financial modelling

Python and R

Regulatory knowledge

Tools

Databricks

SQL

Job description

Select how often (in days) to receive an alert:

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

Travel Requirement:Travel not required

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

Security Requirement: Secret

Salary:Our salaries generally range from $86816.59to $108520.74and 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:

• 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 Specialist, Actuarial Services 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:

• Support the team in the development and maintenance of our Financial Statement models used to project CMHC’s finance and capital position under different economic scenarios.
• Perform duties of calculations, projections, analysis and reports related to the Corporate Plan, Capital Plan, Dividend Recommendation, Stress Testing, Financial Condition Testing and Pricing oversight.
• Support the team in providing interpretation, advice and guidance about the financial impact of new products and initiatives on CMHC’s projected financial statements and capital position.
• Ensure adequate controls are in place and are well documented for all relevant processes.
• Maintain current knowledge of regulatory requirements in the areas of insurance valuation, capital adequacy and other relevant actuarial fields.

What you should have:

• Associate of the Canadian Institute of Actuaries, Casualty Actuarial Society and/or Societies of Actuaries designation or actively pursuing designation.
• A minimum of five years of related work experience.
• An understanding of and demonstrated experience with actuarial valuation methodologies, financial modelling, capital adequacy and risk management.
• The ability to work within a sophisticated technological environment (Databricks, DevOps) using various modelling and programming tools such as Python and R.
• Strong problem-solving and analytical skills.
• Strong written and verbal communication skills, with the ability to clearly explain analyses, assumptions and data insights to both technical and non-technical stakeholders.

It would be great if you also had:

• Bilingualism (French and English).
• Knowledge of IFRS 17 Actuarial Valuation and Financial Statements.
• Knowledge of the Mortgage Insurance and Securitization business as well as the Mortgage Insurance Capital Adequacy Test (MICAT).

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.

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!