Actuarial Consultant

Company: CGL
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 and our team is essential to deliver on this strategy.  That’s why we prioritize our people, to ensure we provide a strong culture and development opportunities which enables our team to thrive and to live our purpose.  The best part is that you will work with people that care passionately about you, our clients and our communities.

Our national Finance team aspires to create, enhance, and protect value for our organization and its stakeholders. Our knowledgeable team educates and influences the organization to make well-informed, risk-based decisions. We think innovatively and strategically to solve business problems and strive to move our business forward with practical, integrated processes and tools that ensure organizational success.

As the Actuarial Consultant, Corporate Actuarial, you will focus on reinsurance analytics while also contributing to capital modeling initiatives. You will provide analytical support to the reinsurance function, including catastrophe modeling, and develop actuarial models that support effective risk transfer and strengthen the organization’s financial position. You will work closely with business partners to analyze data and generate insights that inform reinsurance program design, performance, and capital management. You will contribute to initiatives such as FCT, ORSA, and strategic capital analysis while ensuring high quality analysis and documentation.

• Contributing to regulatory and strategic analyses using actuarial models, various data sources and programming languages. 
• Communicating actuarial concepts to business partners and maintaining documentation of key actuarial functions. 
• Improving existing actuarial practices and procedures in alignment with emerging trends and best practices in the insurance industry and actuarial landscape. 
• Leading small to medium sized projects within the team, including developing, following and reporting timelines.  
• Perform reinsurance catastrophe modelling analyses, including data collection, modelling and model validation.
• Maintain capabilities for technical software programs that simulate catastrophic events for the Co-operators Group, including up to date understanding of alternative models used to estimate catastrophe loss potential in Canada.
• Support the validation of the reinsurance treaty data. Work with business partners to understand the reasonableness of policy data used for treaty negotiations and facilitate improvements required to meet requirements for the reinsurance work.
• Complete required internal and external reports related to data, modelling, industry and regulatory reporting.

• You have completed a post-secondary degree in Mathematics, Actuarial Science or a related discipline.
• Having basic knowledge of database management and manipulation, reconciliation, and programming languages such as R, Python and Structured Query Language (SQL) is an asset.

• You have a minimum of 5 years of relevant experience in the property and casualty actuarial field.
• You have knowledge of capital and risk modeling concepts, techniques and processes.
• You have strong knowledge of P&C insurance products, emerging trends and best practices in the actuarial landscape.
• Having or working towards Associate of the Canadian Institute of Actuaries (ACIA) and Fellow of the Canadian Institute of Actuaries (FCIA) designation(s) is an asset. 

• This position primarily works with majority non-francophone groups, and teams located outside of Québec, and requires proficiency in English. The essential non-French duties are not assignable 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.

• You will be subject to a Background check as a condition of employment, in the event you are the successful candidate.
• You will work in a hybrid model with a minimum of 2 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.

Expected salary/hourly range $83,774 - $133,700+

The salary amount for the successful candidate is determined by The Cooperators 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.

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.