Actuarial Advisor - Toronto, Canada - OPTrust

OPTrust

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Actuarial Advisor

Type:
Permanent

Location:
Toronto

Posting Date:
May 15, 2024

At OPTrust, _paying pensions today, preserving pensions for tomorrow_ is our mission and business.

When you choose OPTrust, you join a team of smart, talented people who fuel our success and have a passion for pensions.

Everyone at OPTrust - from London, Toronto, and Sydney - makes a meaningful impact, our environment is fast paced, but we find time to have fun and give back to the community as well.

Our strength resides in our team members with different backgrounds and perspectives creating an inclusive and fulfilling place to work for everyone.

What OPTrust Offers You- Unique culture rooted in our core values - collaboration and teamwork, integrity, respect, flexibility, and excellence and continuous improvement - reflected across the team.- Dedicated business strategy for inclusion, diversity and equity with multiple, meaningful opportunities to participate.- Flexible, hybrid work model being implemented to balance the benefits of working from home and the collaborative teamwork experience in the office.- Membership in our world-class defined benefit pension plan.- A purpose-driven environment, including the opportunity to contribute to OPTrust's climate change and responsible investing programs.- Professional development opportunities and learning initiatives including access to LinkedIn Learning, in-house speaker series, tuition reimbursement program and professional association memberships.- Comprehensive benefits package focused on your health and wellness, including dental, vision and extended health benefits.- Opportunity to take parental and adoptions leaves to spend time with family.- Competitive vacation package and time away from work such as work-life balance days.

About the Role

About the Role

In this role, you will be working in the PATH program team.

You will work collaboratively with the actuarial team to provide actuarial and technical data guidance and support to Actuarial Services and Plan Policy group, along with Member Experience and Pension Operations and other internal teams.

You will have shared accountability to maintain data management business processes as they pertain to the actuarial valuation extract and pension administration processes; review and contribute to the preparation of system business requirements and system testing; work with actuarial team on internal actuarial valuations, gain/loss analysis forecasting and experience studies; provide technical support for the actuarial valuation extract process; carry out and verify pension administration calculations; provide actuarial expertise for routine projects; and respond to any ad hoc requests on actuarial matters as required.

What You'll Do

Actuarial Valuations- Complete internal funding, solvency, windup and accounting valuations for the OPSEU Pension Plan with guidance.- Assist in funding and accounting valuations for the Supplemental Pension Plan.- Assist with gain and loss analysis on all funding valuations with guidance as needed.

Experience Studies- Collaborate with immediate manager and other team members on various experience study projects and contribute to the drafting and presentation of findings to management.- Forecasting- Collaborate with immediate manager and team members on various deterministic and stochastic actuarial forecasting projects and contribute to the drafting and presentation of findings to management.

Forecasting- Collaborate with immediate manager and team members on various deterministic and stochastic actuarial forecasting projects and contribute to the drafting and presentation of findings to management

Costing- Assist with costing analysis for internal and external stakeholders for routine valuation assumption changes or routine ad-hoc costings for applicable contract negotiations.

Administrative Calculations- Create and maintain independent calculators or spreadsheets to assist and/or expedite the administration process for Member Experience and Pension Operations, including a final review of calculations required under various transfer agreements and other needs.- Provide final review of actuarial calculations and buyback costings to members as appropriate.- Provide final review and calculations of commuted values and pension entitlements for terminations, transfers, deaths, unique/complicated cases and marriage breakdown as appropriate.

Pension Administration System Development of Actuarial Additions /Changes- Engage with project managers to develop routine business requirements, data analysis and system specifications.- Assist with training to staff regarding applicable system changes related to calculations in the Pension Administration System engine.- Provide technical review and analysis on data and administration system related issues.

Actuarial Valuation ProjectSupport the development of actuarial data requirements in conjunction with the Plan actuaries. Engage in discussi