Actuarial Analyst I

Work Location:
Toronto, Ontario, Canada

Hours:
37.5

Line of Business:
Data & Analytics

Pay Details:
58 800 $/$58,800 - 83 000 $/$83,000 CAD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

DEPARTMENT OVERVIEW
TD Reinsurance (Barbados) Inc. (TDRB) is a reinsurance company domiciled in Barbados. The Company's ultimate parent is The Toronto-Dominion Bank (TD Bank), one of Canada's largest financial institutions. The TDRB subsidiary has been in operation for more than 30 years and is regulated locally by The Financial Services Commission.

TDRB assumes Life & Health Insurance risks from Canadian primary insurers and General Insurance risks from an affiliate insurance company within the TD Bank Group (TDBG). TDRB also assumes Life & Health Insurance and Annuities risks from large European reinsurers and likewise retrocedes Canadian Life & Health risks to these reinsurers.

The Actuarial Analyst will report directly to the Senior Manager Actuary and support the actuarial functions of TDRB's operations.

JOB DESCRIPTION

The Actuarial Analyst will report directly to the Senior Manager Actuary, TD Reinsurance (Barbados) Inc.

Key Accountabilities:

Financial Reporting and Validation

Assume an integral role in the overall production of monthly Financial Statements for the Company.

Prepare monthly reporting inputs into the SAS system.

Complete independent validation of SAS output, income statements, and balance sheets, with results consistently aligning to expected outcomes and issues clearly documented and resolved where required.

Identify and implement processes to improve efficiency and effectiveness.

Stress Testing and Capital Management

Perform activities relating to the stress testing and capital management of TDRB's businesses, to ensure the Company's resilience under various macroeconomic scenarios.

Actuarial Analysis and Reinsurance Pricing

Support actuarial and technical aspects of TDRB's annual reinsurance renewal process, such as pricing reviews, due diligence assessments, and experience analyses.

Support analysis of reinsurance contracts underwritten to ensure contracts are profitable and comply with TDRB's Underwriting Policy.

Assist with the implementation of new initiatives compliant with TDI/TDRB strategy.

Risk Management and Governance & Control

Assisting in identifying and evaluating major risk categories including operational, insurance, financial, strategic risks, etc. to ensure all risks align to the Bank's risk appetite.

Supporting the implementation of risk mitigation strategies and policies.

Participate in the assessment of key risks, processes, and controls within the business unit and support the management of self-assessments.

Develop and maintain models and documentation in compliance with the model governance framework.

JOB REQUIREMENTS

• Experience of 1-3 years working experience in Insurance/Reinsurance industry
• Undergraduate degree in Actuarial Sciences or other related field.
• 3+ Actuarial Exams, candidate for ACIA/ASA
• Experience with IFRS17 accounting will be considered an asset but not required
• Knowledge of MS Outlook, Excel, Word, Access Database, PowerPoint, Moody's AXIS and collaborative software such as WebEx and MS Teams

Required Skills & Abilities:

• Strong analytical and problem-solving skills
• Excellent ability to work under pressure in a dynamic, fast-paced and deadline-driven environment.
• Excellent organizational skills with the capability to manage several competing priorities and successfully deliver in a responsive manner.
• Ability to work as part of a team and/or independently
• Acute attention to detail.
• Effective written and verbal communication skills

ADDITIONAL INFORMATION

• While the majority of the TDRB Team is based in Barbados, the Actuarial Analyst position is expected to be filled in Toronto, Ontario, Canada . Therefore, team collaboration will be via remote connection. The successful applicant will be required to work from a physical TD location at least 3 days per week in accordance with TD's workplace model.
• Applications must include a cover letter (one letter-sized page or less) and a resume (maximum of 2 pages).
• We welcome all applications; however, we will only contact qualified candidates chosen for an interview. Thank you for your interest.
• TD is committed to providing you with the best candidate experience and internship in these unique circumstances. As such, work location and start dates are subject to change.

Who We Are:

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we strive to make every interaction, product, and experience remarkably human and refreshingly simple for over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to foster deeper relationships, ensure disciplined execution, and build a simpler, faster banking experience. TD is deeply committed to being a leader in client experience, that is why we believe that all colleagues, no matter where they work, are client facing. Together, we are reimagining what banking can be for our clients, colleagues and communities.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more

Additional Information:
We're delighted that you're considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we're committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development

If you're interested in a specific career path or are looking to build certain skills, we want to help you succeed. You'll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.

If you're passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you've got everything you need to succeed in your new role.

Interview Process
We'll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation
Your accessibility is important to us. Please let us know if you'd like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only):
Sans Objet