Actuarial Consultant

Company: CGIC
Department: Corp Actuarial Services
Employment Type: Regular Full-Time
Work Model: Hybrid (2 days in office)
Language: English is required, French is an asset.
Additional Information: This/these role(s) is/are currently vacant

We are a leading Canadian financial services co-operative committed to being a catalyst for a sustainable and resilient society. We prioritise our people and provide a strong culture and development opportunities that enable our team to thrive and live our purpose.

The Corporate Actuarial Advanced Analytics team brings together actuarial expertise and data science to develop, maintain, and integrate analytical solutions supporting P&C claims reserving, while improving core actuarial processes and strengthening model monitoring, governance, controls, documentation, and operational sustainability.

As an Actuarial Consultant, you will lead complex actuarial analyses and process-improvement initiatives and integrate advanced analytical solutions into recurring reserving processes.

• Lead actuarial investigations into reserve adequacy, emerging claims experience, and financial-result drivers.
• Develop and evaluate improvements to reserving methodologies, assumptions, processes, and reporting.
• Partner with data scientists and Business Intelligence colleagues to develop, validate, implement, and monitor predictive reserving solutions.
• Apply actuarial judgement to model outputs and performance metrics and communicate findings, limitations, and recommendations.
• Improve reserving workflows, financial-booking processes, documentation, controls, and handoffs.
• Support model-risk governance, internal-audit requirements, and cross-departmental validation.
• Lead medium-to-large initiatives and coach colleagues.

• Post-secondary degree in Mathematics, Actuarial Science, or a related discipline.
• At least five years of relevant P&C actuarial experience.
• Strong knowledge of P&C products, actuarial methods, emerging trends, and best practices.
• Advanced knowledge of SQL, SAS, R, and/or Python.
• Experience applying actuarial judgement and leading complex analytical initiatives.
• An ACAS, FCAS, ACIA, or FCIA designation, or progress towards one, is an asset.
• P&C reserving experience is an important asset.
• Experience with predictive models, monitoring, governance, automation, or financial reporting is an asset.
• Experience with ClaimCenter, Azure Synapse, ResQ, and/or Arius is an asset.
• This role primarily works with non-francophone groups and teams outside Québec and requires proficiency in English. The essential non-French duties cannot be reassigned to adjacent or other team members.

• You have an innovative mindset to improve operational efficiencies and ability to influence change, with a primary focus on client needs.
• You use critical thinking skills to recognize assumptions, evaluate arguments, draw conclusions and proactively propose solutions.
• You have strong communication skills to clearly convey messages and explore diverse points of view.
• You build trusting relationships and provide guidance to support the development of colleagues.

• A background check is a condition of employment for the successful candidate.
• The hybrid work posture requires at least two days per week in the office.

• 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 well-being, with physical and mental health programs and a supportive workplace culture.
• Paid volunteer days to give back to your community.
• In addition to our competitive salary and incentive programs, eligible employees also benefit from a comprehensive total rewards package including group retirement savings plans, pension and benefits (e.g., health and wellness, dental, disability and life coverage), mental health support and an employee assistance program.

Salary information

“Expected salary/hourly range $83,774 - $133,700+” (min-max, full range) 

Salary placement

“The salary amount for the successful candidate is determined by Co-operators in its discretion and will vary depending on several criteria including but not limited to: local market conditions, geography and relevant job-related factors such as knowledge, skills, qualification, experience and education.” 

Incentive/Variable pay 

“Employees may also have the opportunity to participate in incentive programs and earn additional compensation tied to individual and/or business performance, or other business metrics.”