Actuarial Analyst - Waterloo, Canada - Equitable

Equitable
Equitable
Verified Company
Waterloo, Canada

2 weeks ago

Sophia Lee

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Sophia Lee

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Description

At Equitable, we realize that your work life is not just about performing a job; it's about being part of a workplace that helps you grow and reach your full potential.

Within our friendly and collaborative work environment, we recognize that the key to our growth and success is a dedicated, motivated and client-responsive staff.

Join Equitable today.


Position Title:
Actuarial Analyst


Reports To:
Director


Department:
Savings and Retirement / Group Benefits


Term:
Permanent Full-Time


Work Arrangements:
This is a hybrid role.

You will work in our office in Waterloo, ON a minimum of two (2) assigned, consecutive days every other week, plus a fifth (5th) assigned day per month.

You are welcome to work from the office more than the minimum requirement and there may be some roles that are required to work in our office more than the minimum requirement.


The Opportunity:

We're searching for several Actuarial Analysts or Associates to join our teams in Group Benefits Actuarial, and Savings and Retirement Valuation.

Reporting to the respective director, this position will have the opportunity to learn about the products in all lines of business and will play key role in supporting the responsibilities of the Appointed Actuary.


Equitable provides an excellent opportunity for actuaries of all levels to develop a broad skill set and offers them the experience of working on a variety of actuarial topics.

Through offering development opportunities, job rotations, compensation increases and SOA exam support, the Actuarial Student Program at Equitable aims to build strong actuarial talent.

Equitable has been one of the fastest growing life insurance companies in Canada and the continued success of the company relies on strength of its people.


What you will be doing:


  • Depending on the department specific role:
  • Working on internal and external reports within established timelines as assigned
  • Make recommendations on process improvements
  • Aid in pricing of new products and review current products under guidance to ensure they are priced competitively and adequately
  • May be involved in special quote support, both on new products and inforce policies
  • Maintain and update valuation systems under guidance
  • Participate in providing actuarial reserves, cash flows, capital requirements for quarterly valuations, Business plan, DCAT under guidance
  • Develop and maintain actuarial pricing models for different products (Life, AD&D, Health, Dental, STD, and LTD), considering factors such as claims data, underwriting guidelines and market conditions.
  • Analyze experience trends in inforce block, propose changes to assumptions, and implement resulting changes in Pricing.
  • Model and analyze impact of various financial management and operational initiatives.
  • Develop and execute monthly monitoring of different aspects of Group Benefits products profitability
  • Provide support to financial reporting of all Group Products (Life, AD&D, Health, Dental, STD, and LTD)
  • Provide data and analysis required for various industry studies including trend, drug pooling and expenses

What you will bring:


  • Ability to meet deadlines
  • Exposure to actuarial software such as AXIS.
  • Sound computer software knowledge, particularly in MS Excel, MS Access and VBA
  • Completing preliminary exams towards attaining ASA and FSA designation
  • A strong focus on customer service with excellent communication skills both verbal and written

What's in it for you:


  • A healthy worklife balance with employee wellness top of mind
  • Annual bonus program, annual vacation allowance, and companypaid benefits program
  • An additional paid volunteer day each year so you can spend time giving back to the community
  • Immediate enrollment in the company's pension program with employer matching
  • Employee resource groups that support an inclusive work environment
  • Tuition support and specialized program assistance
  • A company subsidized cafeteria with a variety of daily options
  • Discounts on company products and services, and access to exclusive employee perks
  • Regular EQ Together events focused on company togetherness and collaboration
As part of the recruitment/offer process you will be required to:

  • Provide two professional references (minimum one supervisor and above)
To learn more about Equitable, we encourage you to explore our organization.

LI - Hybrid
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