Specialist, Actuarial Services

Canada Mortgage and Housing Corporation (CMHC) Société canadienne d'hypothèques et de logement(SCHL); Ottawa; Hybrid; CAD 87,000 - 109,000; Full time

Benefits offered by this job

Accrued vacation

Annual bonus

Training & mentorship

Inclusive workplace culture

Job summary

Canada Mortgage and Housing Corporation (CMHC) in Ottawa, Calgary, Halifax, Montreal, Toronto, and Vancouver is seeking a Specialist in Actuarial Services within the Finance - Insurance and Securitization team. This temporary 12-month role focuses on actuarial forecasting, financial statement projections, and capital planning to support CMHC’s housing affordability goals.

The ideal candidate has an undergraduate quantitative degree, IC/SOA designation or working toward, and at least five years

Qualifications

• Bachelor's degree in a quantitative field.
• Five years of related work experience.
• Experience with actuarial valuation, financial modelling, capital adequacy, and risk management.
• Experience in a technological environment using Python and R.

Responsibilities

• Support development and maintenance of Financial Statement models projecting CMHC’s finance and capital position under various economic scenarios.
• Perform calculations, projections, analysis and reports for Corporate Plan, Capital Plan, Dividend Recommendation, Stress Testing, Financial Condition Testing and Pricing oversight.
• Provide interpretation and guidance on financial impact of new products and initiatives on CMHC’s statements and capital position.
• Ensure adequate controls are documented for all relevant processes.
• Maintain knowledge of regulatory requirements in insurance valuation, capital adequacy and related actuarial fields.

Skills

Actuarial valuation

Financial modelling

Capital adequacy & risk

Python & R

Databricks & DevOps

Analytical skills

Strong communication

Education

Undergraduate degree in Statistics/Actuarial Science/Mathematics/Quantitative Finance

Tools

Python

R

Databricks

DevOps

Job description

Job Requisition ID: 12405

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 $ 86816.59 to $ 108520.74 and 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.

Benefits

• 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 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

• An undergraduate degree in a quantitative discipline such as Statistics, Actuarial Science, Mathematics, or Quantitative Finance.
• 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.

About

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!