Analyst, Actuarial Services - Toronto, Canada - CAAT Pension Plan

CAAT Pension Plan

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Analyst, Actuarial Services

We believe that everyone has the right to DEFINE themselves and their future.

That includes YOU.
How would you like to do it in a fun, high-performance culture that's truly one of a kind - on a team that appreciates you for being you, helps our members retire with confidence and makes Canada better, all at the same time?

If that sounds like your thing - and you're an exceptional
Analyst, Actuarial Services - we'd like to hear from you.

We're CAAT Pension Plan, and we're growing. We innovate defined benefit (DB) pension plans. What are they?
Unlike other pension plans, they specifically define the lifetime benefits our members will receive in retirement.

This means that our members know exactly what they're getting every month - for life Because we provide that certainty, we help more Canadians retire with greater financial security and priceless peace of mind and take pressure off the social safety net at the very same time, which frees up those resources for other Canadians who really need them.

In this role, you will help develop and utilize tools and processes to properly value benefits and measure risk.

You will support the Actuarial Services team, reporting to Manager, Actuarial Services, in providing technical support on non-routine and high-risk benefit calculations and developing tools to support with the Plan's growth initiative.

The Actuarial Services team resides within the operational section of the organization, supporting the VP, Service
Delivery in delivering excellence to Plan members and employers. This role provides Actuarial Services team members the opportunity to collaborate with many other teams within CAAT.

The Analyst will also work closely with the Strategic Risk Management team on analyzing trends, plan projections, and exciting special projects.

We are looking for someone with the following attributes:

University degree (e.g. majoring in actuarial science, statistics, or mathematics) and/or College diploma and/or a combination of equivalent training, education, and experience
One (1) or two (2) years of experience, preferably in the actuarial area of the pension industry or insurance industry
Actively working towards an Associate of the Society of Actuaries (ASA) or Associate of the Canadian

Institute of Actuaries (ACIA) designation an asset

A quick learner looking for an opportunity to join a dynamic team where your drive and sharp mind will be fully utilized.
A team player and a selfstarter who can juggle multiple priorities, you thrive on adding value by improving current practices
Excellent project management, research, analytical, organizational and time management skills.
Excellent communications skills (both written and oral).
Good presentation skills, including the ability to explain extremely technical and highly complex mathematical concepts.
Experience with, and knowledge of the risks associated with pension benefits, governance and funding an asset
Experience working with valuation and projection software such as ProVal would be an asset

Once here you will:

Emphasis on calculation and administrative support around mergers with other Plans.
Be a key member of the actuarial team responsible for administrative tool development, including both improvement of existing tools and development of new tools as required to support testing of administrative system and webbased tools
Work with members of the Member Services, Quality Assurance, and Employer Services teams to resolve complex pension related issues and highrisk or complicated benefit calculations
In conjunction with the policy team, prepare responses to questions submitted by Plan staff or stakeholders
Support actuarial filings and related funding analysis, complete peer reviews ensuring the accuracy of all filings and analysis
Analyse trends and risks that may impact Plan funding, demographics, and changes in actuarial calculations
Support strategic initiatives by providing actuarial analysis and implementation knowhow including interpreting Plan provisions
Build and maintain detailed knowledge of Plan provisions and administrative practices
Develop and maintain deep knowledge of pension system functionality and other support tools, including data structures and effective use of the administration system/tools
Demonstrate creativity and innovation with problem solving, identify opportunities to improve the effectiveness of the pension system to ensure compliance with Plan text and legislation, and recommend improvements to the administration system and other supporting tools
Participate in discussions with the actuarial team to define changes to the pension system and administration processes, and identify opportunities to streamline processes
Monitor pension industry practices while maintaining up to date knowledge on applicable pension legislation
Support team of demographic and other tren