Actuarial Analyst III

Direct actuarial related work / projects for own area, prepares, and performs a range of actuarial analysis, research and validations. Make recommendations for final work product or outcomes. May have primary responsibility in one or more functional or business area. Begin to communicate actuarial ideas and work product to a broad range of stakeholders.

KEY ACCOUNTABILITIES

CUSTOMER

• Direct, prepare, perform, and analyze actuarial research and ensure risk mitigation and business growth objectives are aligned

• Develop appropriate monitoring reports for analyzing company long tail claims experience

• Collaborate with the claims operations team in the identification of key performance indicators and metrics

• Build proper visualization (dashboards) or presentation to illustrate trends for the legal team

• Develop analyses to identify areas of opportunities/improvements

• 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

• Work in partnership with the claims operations and legal teams to provide day-to-day support and delivery of analytics

SHAREHOLDER

• 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, meet 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 exist

EMPLOYEE / TEAM

• 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, reforms 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

BREADTH & DEPTH

• professional role requiring in-depth knowledge / expertise in own domain / field of specialty and working knowledge of broader related areas

• Acts as a subject matter expert within their own area of specialty or a resource for others

• Leads projects of moderately to complex risk and resource requirements; may lead end-to-end processes or functional programs

• Solves complex problems requiring analysis of multiple variables, including consultation with multiple stakeholders

• Uses advanced methods to contribute to new solutions and recommend standards against which others will operate

• Builds stakeholder alignment in leading projects and activities; may provide process and subject matter advice at senior levels

• Solves moderately complex problems by taking a new perspective on existing solutions

• Generally reports to a Manager / Senior Manager

EXPERIENCE & EDUCATION

• Bachelor's degree in Actuarial Science or related field

• 5+ years of actuarial experience in Property & Casualty insurance

• Generally working towards a Fellowship (CAS or CIA)

• Proficiency and interest in programming, preferably Python and SQL

• Knowledge of Power BI an asset