Actuarial Manager - Montréal, Canada - TD Bank

TD Bank

Verified Company

Montréal, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

397587BR

Insurance

Montreal, QC

February 2, 2023

Company Overview

Department Overview

The GI Reinsurance department is responsible for ensuring insurance risk is appropriately mitigated by putting in place and manage the reinsurance structures, in line with TD Insurance's risk appetite.

Another Key responsibility is to evaluate the actuarial reserve / ultimate cost of catastrophic loss events when they occur and providing periodic financial reporting of reinsurance related results.

In addition to the reinsurance function, role responsibilities include TDI (GI & LH) product ownership for Investment & Capital Strategies and performance.

Job Description:

About this Role

Lead a team responsible for reinsurance's monthly financial reporting, including the monthly analysis and evaluation of amounts recoverable from reinsurers. Work with Finance on any issues that arise.
Core contributor to the annual reinsurance treaty renewal process, participate in the review of the reinsurance strategy, coordinate communications with reinsurance brokers and TD Global Counterparty Credit
Participate in the forecasting of losses as part of budget planning and periodic followups; coordinating with partners, including Corporate Actuarial and Finance, the timing of inputs and delivery of outputs
Develop relationships with our partners in the Claims department in order to better understand the claim lifecycle and establish monitoring processes. Can work independently with our control partners, including Audit, E&Y, and Risk Management
Act as Product Owner for Investment & Capital Strategies and Performance, manage and develop good working relationships with key business partners and stakeholders (i.e., TBSM, TDAM, TDI Finance, Risk, etc.)
Explore new strategies to enhance TD Insurance's investment portfolio riskadjusted return
Analyze balance sheets for regulated and nonregulated entities to optimize capital at the TD Insurance group level
Establish investment return targets for annual Financial Plan and MTO
Contribute to the development of skills and capabilities through mentorship of others, inform various internal partners regarding reinsurance & investment strategies, share knowledge and experiences and leveraging best practices.
Develop and coordinate responses adhoc requests

Requirements:

What can you bring to TD? Tell us about your most relevant experience, credentials and knowledge for this role, as well as these requirements and desired attributes:

Undergraduate degree in actuarial science or other quantitative area of study
At least 6 exams from the Casualty Actuarial Society
8 years of relevant experience
Strong computer and programming skills (Excel, VBA, SAS, AKORA environment)
Role also requires a strong understanding of business strategies and behavior, finance and the (re)insurance industry
Knowledge of financial and accounting concepts
Clientoriented and superior communication skills
Bilingual
Known for the quality of his/her work product, strong attention to details and rigor
Adapts quickly to new work environment
Strong planning skills
Analytical mindset, team spirit, innovative

Flexible Work Options

N/A

Hours

35

Inclusiveness

At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported.

We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live and serve.

If you require an accommodation for the recruitment/interview process (including alternate formats of materials, or accessible meeting rooms or other accommodation), please let us know and we will work with you to meet your needs.