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actuarial analyst
Title posted on CareerBeacon - Actuarial Analyst I
Posted on November 02, 2024 by Employer details TD Bank
Job details
Work Location:Montréal, Quebec, CanadaHours:35Line of Business:Data & AnalyticsPay Details:54 300 $/$54,300 - 81 500 $/$81,500 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 OverviewIt 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 DescriptionThe 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 ValuationsThe 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.ReportingThe 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/MiscellaneousImplement risk mitigation, risk controls as well as processes, policies, and procedures for the team.Coach, develop and inspire colleagues toward reaching their goalsJob RequirementsProfessional Requirements:Bachelor's degree in Actuarial science or other quantitative area of studyWorking towards obtaining Associateship with the Casualty Actuarial Society, Canadian Institute of Actuaries or equivalentAnalytical/technical Skills:Stands out for his/her judgment and analytical mindHas strong problem-solving skillsRecognized for his/her thoroughness and the quality of his/her workHas 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 roleAbility to work effectively during periods of stressAbility to collaborate and build positive relationships with business partnersAutonomous and perseverantWho We Are:As part of TD Bank Group, one- LocationToronto, ON
- Workplace information On site
- SalaryNot available
- Terms of employment Permanent employmentFull time
- Starts as soon as possible
- vacancies 1 vacancy
- Source CareerBeacon #2121841
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