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actuarial analyst
Title posted on CareerBeacon - Actuarial Analyst II, Insurance Risk Management ()
Posted on December 15, 2024 by Employer details TD Bank
Job details
Work Location:Toronto, Ontario, CanadaHours:35Line of Business:Data & AnalyticsPay Details:62 900 $/$62,900 - 94 300 $/$94,300 CADThis role is temporarily eligible for a pay premium above the posted salary range that is reassessed annually. You are encouraged to have an open dialogue with your recruiter who can provide more specific pay details for this role.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 at TD. Our 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 OverviewTDI Insurance Risk Management (IRM) is accountable for the IRM program across TDI, relying on key activities and deliverables embedded within the accountabilities of business process, risk and control owners (first line). They are also accountable for ensuring alignment of IRM with TDI business priorities, capacity, and expertise to ensure a shared focus on common IRM objectives.TDI IRM is accountable for the alignment of TDI with TD's Insurance Risk Policy. This is performed by challenging the Corporate Actuarial provisions for insurance contract liabilities (reserves) valuation as well as the Pricing indicated rate changes. This also requires the challenge of various business initiatives from an insurance risk perspective, the production of reports and dashboards to be presented to different risk committees as well as the production of the ORSA report. TDI Insurance Risk Management aims to perform challenges that are efficient, thorough and well documented.Job DescriptionThe Actuarial Analyst II, Insurance risk contributes to the success of the TDI Insurance Risk Management team by participating in the following activities:? Participate in the challenge of the Corporate Actuarial team's reserves estimates by deriving provisions for insurance contract liabilities estimates on assigned lines of business and identifying the drivers of difference between IRM and Corporate Actuarial's estimates;? Participate in the challenge of the Pricing team's indicated rate changes by deriving indicated rate changes on assigned lines of business and identifying the drivers of difference between IRM and Pricing's estimates;? Participate in the challenge of the Reinsurance's strategy and program design;? Participate in the documentation, reporting and communication related to the independent reviews performed by the team;? Participate in the challenge of TDI initiatives affecting Insurance risks;? Participate in the production of the ORSA Report including the assessment of risks and recommended internal capital targets;? Participate in the development, in collaboration with our business partners, of Key Risk Indicators for Insurance Risk, in the monitoring, reporting and communication related to these risk indicators;? Participate in the design and the implementation of process improvements in order to achieve more efficient and insightful challenges? Contribute to building, developing and maintaining effective relationships with our business partners.Job Requirements? Two to five years of actuarial experience in the general insurance field? Bachelor's degree in Actuarial Sciences or related field? ACAS near completion or at least six Casualty Actuarial Society professional exams, or equivalent ACIA requirements? Excellent knowledge of the Microsoft Office Suite? Knowledge and interest for programming, notably SQL, VBA and R (preferred)? Advanced an- LocationMontréal, QC
- Workplace information On site
- SalaryNot available
- Terms of employment Permanent employmentFull time
- Starts as soon as possible
- vacancies 1 vacancy
- Source CareerBeacon #2125443
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