Actuarial Analyst III

Work Location: Toronto, Ontario, Canada

Hours: 35

Line of Business: Data & Analytics

Pay Details: $93,100 – $130,000 CAD

• Direct, prepare, perform, and analyze actuarial research and audits and ensure risk mitigation and business growth objectives are aligned
• Develop, calculate and checks policy values; profit studies, reserve programs, rate files, and procedures; and assists in preparing actuarial portion of financial reports and tax returns
• Develop appropriate monitoring reports for analyzing company underwriting and claims experience
• Review and interpret the indications of standard actuarial techniques, and recognize situations that require modifications to normal procedures
• Coordinate the preparation of documentation to support actuarial conclusions
• Provide technical support for development of insurance plans and programs

• Develop and enhance functional procedures including review for actuarial soundness
• Ensure maintenance of controls, policies and procedures for the actuarial function
• Support implementation of best practices, risk mitigation, risk controls as well as process, policy and procedures for the actuarial function.
• Assist with organization’s financial structure, complete financial projections, and perform actuarial analysis
• Adhere to enterprise frameworks or methodologies that relate to activities for our business area
• Ensure respective programs/policies/practices are well managed, meets business needs, complies with internal and external requirements, and aligns with business priorities
• Ensure business operations are in compliance with applicable internal and external requirements (e.g. financial controls, segregation of duties, transaction approvals and physical control of assets)
• Participate in cross-functional / enterprise / initiatives as a subject matter expert helping to identify risk / provide guidance for complex situations
• Conduct internal and external research projects; support the development/ delivery of presentations / communications to management or broader audience
• Lead / facilitate and/or implement actions / remediation plans to address performance/risk/governance issues
• Actively manage relationships within and across various business lines, corporate and/or control functions and ensure alignment with enterprise and/or regulatory requirements
• Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts
• Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite
• Monitor service, productivity and assess efficiency levels within own function and implement continuous process / performance improvements where opportunities exists

• Participate fully as a member of the team, support a positive work environment that promotes service to the business, quality, innovation and teamwork and ensures timely communication of issues/points of interest
• Provide thought leadership and/ or industry knowledge for own area of expertise and participate in knowledge transfer within the team and business unit
• Keep current on emerging trends/ developments and grow knowledge of the business, related tools and techniques
• May provide guidance on day to day professional work of other team members / actuarial analysts
• Participate in personal performance management and development activities, including cross training within own team
• May supervise other team members / actuarial professionals and/or provide day to day work direction where appropriate
• Keep others informed and up-to-date about the status / progress of projects and / or all relevant or useful information related to day-to-day activities
• Contribute to team development of skills and capabilities through mentorship of others, by sharing knowledge and experiences and leveraging best practices.
• Lead, motivate and develop relationships with internal and external business partners / stakeholders to develop productive working relationships.
• Contribute to a fair, positive and equitable environment that supports a diverse workforce
• Act as a brand ambassador for your business area/function and the bank, both internally and/or externally