Actuarial Analyst III - GI Reinsurance

Work Location:

Montréal, Quebec, Canada

Hours:

35

Line of Business:

Data & Analytics

Pay Details:

100 000 $/$100, $/$130,000 CAD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience  compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

The GI Reinsurance department is responsible for ensuring insurance risk is appropriately mitigated by putting in place and manage the reinsurance structures, in line with TD Insurance's risk appetite. The team also evaluates actuarial reserves and the ultimate cost of catastrophic loss events and provides periodic financial reporting of reinsurance‑related results.

• Participate in execution of reinsurance's monthly financial reporting, including the monthly analysis and evaluation of amounts recoverable from reinsurers. Work with corporate actuarial and finance on any issues that arise
• Participate in the annual reinsurance treaty and renewal process, planning and execution of Catastrophic Bonds, review reinsurance strategy, and coordinate communications with reinsurance brokers and TD Global Counter party Credit
• Participate in the forecasting of losses as part of budget planning and periodic follow ups by coordinating timing of inputs and outputs with partners such as Corporate Actuarial, Pricing and Finance
• Develop and participate in projects or responses to ad-hoc requests (ex.: Climate change, risk accumulation, catastrophic scenarios, by peril analysis)
• Ensure maintenance of controls, policies, and procedures while rigorously applying governance principles, including SOX and EUC controls, audit requirements, and model validation processes
• Develop partnerships with the Claims department to deepen understanding of the claim lifecycle and to establish effective monitoring processes.
• Work independently with internal control partners, including Audit, E&Y, and Risk Management
• Contribute to the development of actuarial and analytical capabilities through mentorship, training session and coaching.
• Inform internal partners about reinsurance strategies, share knowledge and best practices, and support cross functional collaboration

• Undergraduate degree in actuarial science or another quantitative field
• Working toward designation of Casualty Actuarial Society (ACAS or FCAS)
• 5 years+ of relevant experience
• Strong computer and programming skills (Excel, VBA, R, Python)
• Role also requires a strong understanding of business strategies and behavior, finance and the (re) insurance industry
• Knowledge of financial and accounting concepts
• Client-oriented and superior communication skills
• Bilingual
• Known for the quality of his/her work product, strong attention to details and rigor
• Adapts quickly to new work environment
• Strong planning skills
• Analytical mindset, team spirit, innovative

As part of TD Bank Group, one of Canada's largest financial institutions, at TD Insurance, we care for Canadian families, making it easy to get the best advice, protection, and support in their moments of need, always.

TD Insurance offers a wide range of products, including General Insurance and Life and Health. Everyday, we strive to make every interaction, product and experience remarkably human and refreshingly simple for more than four million customers who count on us.

Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans…