Senior Actuarial Analyst - Jobs in Toronto

Job Description

Reporting to: Actuarial Manager, ValuationDepartment: ActuarialLocation: Remote / 2235 Sheppard Avenue E / 777 Bay Street Status: Full Time PermanentPosting Date: July 20, 2023Closing Date: August 3, 2023 ABOUT FACILITY ASSOCIATION:Facility Association ensures the availability of automobile insurance to owners, lessees and licensed drivers of motor vehicles who are eligible. We are an unincorporated non-profit association of insurers. FA operates in Ontario, Alberta, Newfoundland and Labrador, New Brunswick, Nova Scotia, Prince Edward Island, Yukon, Nunavut, and Northwest Territories. Every insurer licensed to write automobile liability insurance in these jurisdictions is a member of Facility Association. The affairs and business of FA is managed and controlled by a Board of Directors with authority Canada-wide. The President and CEO is responsible for the day-to-day operations of the organization and management of staff. Additional information in relation to Facility Association is available on its website: https://www.facilityassociation.com/ABOUT THE ROLE:The FA actuarial team offers opportunities to work collaboratively in valuation, pricing and data analytics, and to work with stakeholders in the claims, underwriting and finance departments, as well as our member companies and external stakeholders. This specific role focuses on valuation (reserving), with future opportunities for rotation to different departments as well as opportunities to work on cross-functional projects.DUTIES AND RESPONSIBILITIES:

• Create analyses using actuarial data, (product pricing, reserve valuation, financial projections, etc.), disclose relevant assumptions, observations and conclusions to the appropriate stakeholders and make recommendations within the established timeline.
• Leverage your experience to build, improve and enhance tools used in the actuarial processes.
• Develop presentation and/or communication materials for member committees, internal stakeholders, rating agencies, regulatory and industry presentations.
• Find solutions and assist colleagues with their problem-solving of complex situations by sharing understanding of difficult actuarial concepts.
• Gain leadership experience through conducting peer reviews, coaching teammates and actively contributing to the team’s planning and prioritization.
• Build effective documentation and risk controls into all key steps of the actuarial workflow.

EXPERIENCE AND QUALIFICATIONS:As a senior actuarial analyst, you demonstrate:

• University or college degree in actuarial science, mathematics, statistics or a related field
• 4+ years of experience in Propertyamp; Casualty insurance (preferably Canadian) related to reserving, valuation, pricing, capital modeling and/or data science
• Strong knowledge of Microsoft Office software (Excel, Access, Word, PowerPoint)
• Strong knowledge of at least one programming language (SQL, SAS, VBA, Python, R, etc.)
• Strong analytical and problem-solving skills
• Strong verbal/written communication skills
• Ability to work independently and with a team to contribute to the successful delivery of time-sensitive projects
• Ability to prioritize and manage multiple deliverables
• Detail and deadline oriented
• 4+ CAS exams
• ACAS/FCAS designation is an asset
• Experience using GISA/IBC data and exhibits (i.e. Canadian automobile insurance industry statistical data) is an asset
• 2+ years of Canadian reserving experience is an asset
• Experience with Milliman Arius valuation software is an asset

Facility Association is committed to providing accommodation for people with disabilities. Applicants need to make their needs known in advance.FA is proud to be an equal opportunity employer.Alongside a commitment to excellence, FA is also committed to building a diverse working environment with hiring practices that encourage diversity in all its forms, including race, gender, sexual orientation, religion and ethnicity, among others.Please be advised that only those applicants who are selected for interviews will be contacted.