Actuarial Analyst III - Budget

Work Location

Toronto, Ontario, Canada

35

Data & Analytics

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.

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 fulfil 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.

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

• The responsibility is to provide an estimate of future expected loss ratios for a five-year time horizon using appropriate assumptions and methods. The expected loss ratio is the main component of the Budget/Forecasts and requires a very good understanding of the business, including future changes in terms of product offer and product changes. Expected claims costs must be projected and if not done properly, profit or growth objectives will significantly be impacted.
  
  The projection includes an estimate future reserve variations which are used to project investment returns, a projection of future fiscal year claims expenses and is used as the main input to the Financial Condition Testing (FCT)

• The responsibility relates to building meaningful reports on actual vs planned premium projections, claims experience on a frequency and severity basis, and monthly financial results that provide insightful information to management that will allow for appropriate decision making

• Implement risk mitigation, risk controls as well as processes, policies and procedures for the team and support the other Corporate Actuarial teams during peak time

• 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

• Stands out for his/her/their judgment and analytical mind
• Has strong problem-solving skills
• Skilled at anticipating the results of an analysis or a report
• Recognized for his/her/their thoroughness and the quality of his/her/their work
• Shows initiative, creativity and critical thinking in his/her/their work
• Has work experience with MS Excel. Programming skills in VBA or R is an asset

• Ability to work effectively during periods of stress
• Ability to collaborate and build positive relationships with business partners
• Autonomous and perseverant
• Ability to communicate well verbally and in writing. Bilingualism (English and French) is an asset for this role

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,…