Actuarial Analyst II - Valuation

Work Location: Toronto, Ontario, Canada

Hours: 35

Line of Business: Data & Analytics

Pay Details: 85 000 $/$85, $/$110,000 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.

Job Description:

Department Overview

It takes an astute combination of analytical skills, business knowledge and an understanding of human behavior to navigate today's complex risk factors in business - and banking. This is the special expertise of the Actuary professional community at TD.

Actuary roles help us strategically plan our future business success and increasingly, to fulfill specialized functions in areas such as pricing, underwriting, insurance, reinsurance and of course, risk management. We value and customers benefit from the tremendous actuarial talent at the Bank and craft these roles with opportunities for personal and professional growth.

Job Description

The Valuation team is part of the Corporate Actuarial department. In the role, the candidate will partake in the main responsibilities of the team, including:

Quarterly Reserve Valuations

• The responsibility is to establish actuarial provisions for all lines of business using appropriate assumptions and methods. The selection of techniques to determine unpaid claims requires a very good understanding of the business, including historical changes in terms of product offering and legislative reforms. Tools and techniques must be periodically reviewed, improved, and optimized to stay relevant for the specific circumstances of the different lines of business.
  
  Actuarial provisions must be calculated in accordance with current actuarial literature, legislation, and accounting standards.

Reporting

• The responsibility relates to building meaningful reports to monitor the adequacy of actuarial provisions over time. Actual losses versus expected losses are monitored monthly.
• The responsibility also relates to communicating and certifying the financial results with various business partners, including external auditors, AMF and OSFI. The appointed actuary report is produced, audited and peer reviewed yearly.

Governance/Miscellaneous

• Implement risk mitigation, risk controls as well as processes, policies, and procedures for the team.
• Coach, develop and inspire colleagues toward reaching their goals

Job Requirements

Professional Requirements:

• Bachelor's degree in Actuarial science or other quantitative area of study
• Working towards obtaining Associateship with the Casualty Actuarial Society, Canadian Institute of Actuaries or equivalent
• Minimum 2 years of Property and Casualty actuarial experience
• Requirement of having completed 2 Actuarial exams at the minimum

Analytical/technical

Skills:

• Stands out for his/her judgment and analytical mind
• Has strong problem-solving skills
• Recognized for his/her thoroughness and the quality of his/her work
• Shows initiative, creativity and critical thinking in his/her work
• Has work experience with MS Excel (VBA), programming languages (eg. R/SAS/Python)

Soft Skills:

• Ability to communicate effectively in English, both verbally and in writing. Bilingualism (English and French) is an asset for this role
• Highly adaptable for having discussions with different stakeholders in terms of expertise, training and hierarchical position
• Ability to work effectively during periods of stress
• Ability to collaborate and build positive relationships with business partners
• Autonomous and perseverant

Who We Are:

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

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 such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs.

Learn more

Additional…