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Job ID: 37896
Job Openings by Title Director
Location Ontario, Canada
Description:
Position:	Director, Corporate Actuarial
 
Company:	Insurance	

Location:	Ontario

Job ID:		37896



Responsibilities:

- Performs reserve valuations on a semi-annual basis and making recommendations to the Appointed Actuary with respect to changes.
- Coordinates year end valuation process with accounting and external auditors including preparation of the Appointed Actuary Report.
- Regularly monitors the level of actuarial reserves required by line of business and recommend changes where appropriate.
- Monitors claim reserve activity at the branch level and work with Corporate Claims to address any reserving issues that arise.
- Calculates the discount rate to be used for monthly/annual valuation purposes.
- Regularly updates and monitors Long Term Disability claims.
- Maintains the valuation database necessary for all policy valuation.
- Ensures required regulatory reporting for financial reporting is carried out.
- Manages performance of direct reports inclusive of providing professional and technical guidance, and provide regular performance reviews.
- Identifies and recommends refined approaches to current reserving methodologies.
- Remains up to date on all regulatory and legal actions/decisions affecting insurance company operations in general and the corporate actuarial group specifically.
- Performs other duties as assigned.

Qualifications:

- Undergraduate university degree in Actuarial Mathematics, Statistics, Mathematics or other related field of study.
- Minimum of 5 years of experience in an actuarial role Fellow of the Casualty Actuarial Society required.
- Extensive knowledge of current insurance reserving techniques.
- Extensive knowledge of the Property Casualty insurance industry and insurance operations in general.
- Excellent communication skills both written and verbal.
- Excellent analytical and problem solving skills with the ability to understand context and its impact on all issues.
- Identifies when something needs to be done and initiates action as required.
- Develops and implements comprehensive plans that bridge complex issues and span across time.
- Strong leadership skills with the ability to develop and communicate a vision.
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