As the Injury Benefit Actuary Lead, you will be a key member of the valuation department, and will be responsible for monitoring reserve adequacy, evaluation of statutory changes, maintaining and updating the reserving calculators, performing experience studies and assisting with the valuation. The Injury Benefit Actuary will also ensure all activities are following actuarial standards of practice, governing regulations and internal policies.
The Actuary will apply actuarial expertise, strategic insight and maintains a high level of technical competence in overseeing and supporting pricing or valuation initiatives while ensuring guidelines, processes and decisions meets high standards and aligns with the objectives for the Corporation.
Frequent monitoring and reporting of Injury Benefit reserves.
Assist with quarterly reviews of the actuarial liabilities pertaining to injury benefits ensuring actuarial liabilities are fairly presented in the financial statements.
Develop, modify, and monitor reserving calculators including impact analysis.
Implement best practice methodology in determination of actuarial liabilities for injury benefits. This includes assessing existing methodologies, assumptions and streamlining processes.
Research emerging actuarial issues, methods, and solutions to ensure department practices and processes continue to be effective and efficient.
Support actuarial team with implementation of IFRS 17.
Work with the Injury Claims Management team and Business Insights & Analytics team to improve data quality and support future initiatives.
Collaborating with and supporting other departments such as Pricing, Finance, Claims, Business Insights & Analytics, ERM and Product to meet strategic initiatives.
Responsible for active risk management by identifying operational risks.
Provides mentorship, regular feedback and uses coaching techniques as a means for development of junior team members.
Post-Secondary degree with an Actuarial Science, Mathematics, or Statistics Major.
Fellow of the Canadian Institute of Actuaries.
Fellow of the Society of Actuaries
Ten years of progressive experience in the life insurance industry, including 5 years of strategic involvement in rate setting, valuation, forecasting or risk management.
Exceptional understanding of injury benefits insurance products and pricing.
Advanced knowledge of actuarial skills in analysis, statistical and financial modelling. Working knowledge of stochastic reserving and IFRS 17.
Experience with reserving software is considered an asset (e.g., ARIUS, ResQ, AXIS, etc.)
Experience working with data analytic tools (Power BI, Tableau, VBA, R, Python, etc.) is considered an asset.
Strategic thinker who is intellectually curious and can think “outside the box”
Advanced organizational and time-management skills with the ability to handle multiple concurrent tasks and prioritizes assignments to meet deadlines.
A collaborative team player who communicates honestly and constructively; ability to respond effectively to inquiries from colleagues, senior management and internal/external stakeholders
Advanced oral and written communication skills, and confidence in the company of senior leadership, peers, and mixed audiences, capable of providing feedback and clearly articulating decisions; comfortable presenting and defending points of view; effectively listens and responds thoughtfully; concise written communication.
We’re a non-profit provincial Crown corporation that has provided Basic automobile coverage since 1971. As one of the province's Top Employers, we’ll ensure you get the training, tools and encouragement you need to succeed. We provide a respectful, inclusive work environment with clear and consistent direction, and our people have the support they need to do their jobs and the opportunity for career growth and advancement.