Actuarial Associate
Equitable is a Canadian mutual company focused on supporting clients and communities. They are seeking Actuarial Associates to join their Group Actuarial and Individual Pricing teams, providing opportunities for development and experience in a collaborative environment.
Responsibilities
- Provide support to financial reporting of all Group Products (Life, AD&D, Health, Dental, STD, and LTD)
- Analyze experience trends in inforce block and industry studies and communicate actionable information to key stakeholders
- Provide data and analysis required for various industry studies including trend, drug pooling and expenses
- Develop and execute monthly monitoring of different aspects of Group Benefits products profitability
- Model and analyze impact of various financial management and operational initiatives
- Provide support to drug cost management initiatives
- Support reinsurance management activities including treaty revisions and settlement calculations
- Complete experience studies and propose assumption changes
- Assist in the design and pricing of Individual life and health products (including Universal Life, Term, Traditional Par and Critical Illness) under an IFRS 17 basis
- Support profitability analysis for all Individual life and health products and recommend product pricing changes as needed to senior management for approval
- Support the sales and illustration process
- Assist in the development and production of reports for monitoring sales and product experience
Skills
- A bachelor/master's degree in mathematics, actuarial science, statistics or a related field
- Sound computer software knowledge, particularly in MS Excel, SQL and MS Access
- The ability to work in a multi-tasking environment, and meet deadlines
- A strong focus on customer service with excellent communication skills both verbal and written
- A minimum of 2 SOA Exams, and a commitment to complete the FSA/FCIA designation
- ASA/ACIA preferred
- Knowledge of Group Life and Health products is an asset for the Group role
- AXIS experience and knowledge of Individual life products are assets for the Individual role
Benefits
- Incentive pay
- Annual salary reviews
- Employer-paid benefits
- Pension matching
- Competitive vacation plus one paid volunteer day each year
- Healthy work-life balance with employee wellness always top of mind, complemented by a “dress for your day” approach
Company Overview