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Job ID: 34527
Job Openings by Title Actuary, Pricing
Location Ontario, Canada
Description:
Position:	Actuary, Pricing 

Company:	Reinsurance

Location:	Ontario

Job ID:		34527


Responsibilities:

- Perform pricing, modeling, risk analysis, and structuring activities on new or proposed transactions, or amendments to existing transactions, for the Global Financial Solutions business unit in a timely manner consistent with applicable standards.
- Assess and analyze risk exposure in potential transactions and prepare documentation of these risks in detailed risk analysis reports.
- Develop and maintain adequate and timely documentation of personal work that complies with relevant ASOPs. 
- Work with the marketing staff to determine client needs and objectives, understand and analyze client information, and design terms and structures of transactions to meet those needs and objectives.
- Assist business development associates by building proof-of-concept models for new opportunities or new reinsurance solutions for our clients.
- Perform peer review on the work of other actuaries.
- Update documentation of Global Financial Solutions pricing methodology, parameters, and procedures.  Recommend, implement, and document enhancements to the pricing process.
- Set realistic and achievable deadlines for modeling, risk analysis, and other new business development activities. 
- Complete required tasks accurately within those deadlines.  
- Drive the design of reinsurance transactions and lead discussions on risk issues with internal and external clients.     
- Provide updates on ongoing progress to supervisor and other Global Financial Solutions personnel.
- Assist risk management personnel with monitoring experience of in-force treaties.
- Participate in key unit and ad-hoc department projects as needed.

Qualifications:

- Bachelor's degree in Math, Finance, Statistics, Actuarial Science, Computer Science or related field.
- FSA Certification.
- 7+ years of actuarial experience in Life Insurance/Reinsurance.
- MAAA/FCIA or other local actuarial organization accreditation preferred.
- Advanced quantitative degree or designation preferred.
- Reinsurance industry experience preferred. 
- Merger and acquisition experience preferred.
- Product design / pricing experience OR ALM / risk management experience preferred.
- Financial reinsurance, asset-intensive, or longevity pricing experience.
- Demonstrated knowledge of life insurance, health insurance, longevity, and/or annuity products.
- Ability to take ownership in projects and drive them to completion.
- Experience with actuarial modeling software.
- Highly advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received.
- Highly advanced investigative, analytical and problem solving skills.
- Expert ability to balance detail with departmental goals/objectives.
- Advanced skills in customer relationship management and change management.
- Highly advanced ability to translate business needs and problems into viable/accepted solutions.
- Highly advanced ability to manage multiple projects and/or teams simultaneously.
- Highly advanced ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines.
- Highly advanced persuasion and negotiation skills when working with internal/external customers.
- Advanced knowledge of key financial reporting, accounting, and solvency regimes, US GAAP, US Statutory, and US tax; IFRS; MCEV / EV / EEV; and Solvency II. preferred.
- Advanced ability to model various insurance products and reinsurance structures preferred.
- Advanced knowledge of life insurance, health insurance, longevity, and/or annuity products preferred.
- Advanced PC and technical skills including: spreadsheets, database applications, statistical programs, and one or more computing languages preferred.
- Expertise in AXIS, Prophet and/or MoSes preferred.
- Ability to challenge and enhance our analytical capabilities preferred.
- Understanding of asset modeling and ALM techniques, including derivatives, and capital markets approaches preferred.





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