Actuarial Specialist/associate - Regina, Canada - The Co-operators

The Co-operators

Verified Company

Regina, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Position Overview:

Company:

CGL

Number of Positions: 1

Language:
This role operates in English.

Work Model:
Hybrid

Alternate Title:
n/a

Additional Information:

The work location for this role is flexible to Guelph or Regina.

This is a 12 month temporary/contract position.

The Opportunity:

We are a leading Canadian financial services co-operative committed to being a catalyst for a sustainable and resilient society and our team is essential to deliver on this strategy.

That's why we prioritize our people, to ensure we provide a strong culture and development opportunities which enables our team to thrive and to live our purpose.

The best part is that you will work with people that care passionately about you, our clients, and our communities.

Our national Finance team aspires to create, enhance, and protect value for our organization and its stakeholders. Our knowledgeable team educates and influences the organization to make well-informed, risk-based decisions.

We think innovatively and strategically to solve business problems and strive to move our business forward with practical, integrated processes and tools that ensure organizational success.

The role of the Actuarial Specialist is to assist in the ongoing management of financial and non-financial risks faced by the Life Company.

Key objectives of the role are to support the ongoing development of the Own Risk and Solvency Assessment (ORSA) and Asset Liability Management (ALM) processes.

Key responsibilities include model development, maintenance, validation and summarizing/aggregating of results for ALM and ORSA reporting purposes.

How you will create impact:

Oversee the ongoing development of our Economic Capital and ALM models in GGY AXIS.
Coordinate the generation of adverse scenarios as well as reference newly published information (e.g. risk studies, new guidelines) to recalibrate existing stress levels and incorporate changes as assumptions and mix of business evolve.
Assist with maintaining the existing ORSA aggregation and overall framework and support any necessary improvements.
Oversee the ALM reporting process by coordinating the calculation of interest rate risk exposure statistics and other risk measures, consolidating results and assisting in the development of reporting material.
Assist with establishing and updating risk limits in line with risk appetite.
Develop new procedures and update existing ORSA/ALM process documentation as needed.
Oversee the modelling of various asset classes in AXIS. Knowledge of financial models and market valuation techniques is considered an asset.
Coordinate and assist a team of 23 actuarial students and support the ALM and ORSA Senior Managers as needed.

How you will succeed:

You influence change and are committed to continuous improvement, in order to exceed client expectations.
You leverage critical thinking skills to identify problems and proactively propose solutions.
Your strong communication skills allow you to clearly convey messages.
You're an effective team player who shares knowledge to support your peers.

To join our team:

Previous people management experience is preferred and will be considered an asset.
Excellent verbal and written communication skills are an important part of this role.

What's in it for you?:

Training and development opportunities to grow your career.
Flexible work options and paid time off to support your personal and family needs.
A holistic approach to your wellbeing, with physical and mental health programs and a supportive workplace culture.
Volunteer days to give back to your community.

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Interested in applying?:

Co-operators is focused on fostering an inclusive, equitable and accessible work environment and we encourage individuals from all identity groups to apply.

If you require an accommodation during the recruitment process, please contact the hiring manager.