Actuarial Analyst III - GI Reinsurance

Work Location: Montréal, Quebec, Canada

Hours: 35

Line of Business: Data & Analytics

Pay Details: 100 000 $/$100,000 - 130 000 $/$130,000 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

The GI Reinsurance department is responsible for ensuring insurance risk is appropriately mitigated by putting in place and manage the reinsurance structures, in line with TD Insurance's risk appetite. The team also evaluates actuarial reserves and the ultimate cost of catastrophic loss events and provides periodic financial reporting of reinsurance‑related results.

Key Responsibilities

• Participate in execution of reinsurance's monthly financial reporting, including the monthly analysis and evaluation of amounts recoverable from reinsurers. Work with corporate actuarial and finance on any issues that arise

• Participate in the annual reinsurance treaty and renewal process, planning and execution of Catastrophic Bonds, review reinsurance strategy, and coordinate communications with reinsurance brokers and TD Global Counterparty Credit

• Participate in the forecasting of losses as part of budget planning and periodic follow ups by coordinating timing of inputs and outputs with partners such as Corporate Actuarial, Pricing and Finance

• Develop and participate in projects or responses to ad-hoc requests (ex.: Climate change, risk accumulation, catastrophic scenarios, by peril analysis)

• Ensure maintenance of controls, policies, and procedures while rigorously applying governance principles, including SOX and EUC controls, audit requirements, and model validation processes

• Develop partnerships with the Claims department to deepen understanding of the claim lifecycle and to establish effective monitoring processes.

• Work independently with internal control partners, including Audit, E&Y, and Risk Management

• Contribute to the development of actuarial and analytical capabilities through mentorship, training session and coaching.

• Inform internal partners about reinsurance strategies, share knowledge and best practices, and support cross functional collaboration

Requirements

• Undergraduate degree in actuarial science or another quantitative field

• Working toward designation of Casualty Actuarial Society (ACAS or FCAS)

• 5 years+ of relevant experience

• Strong computer and programming skills (Excel, VBA, R, Python)

• Role also requires a strong understanding of business strategies and behavior, finance and the (re)insurance industry

• Knowledge of financial and accounting concepts

• Client-oriented and superior communication skills

• Bilingual

• Known for the quality of his/her work product, strong attention to details and rigor

• Adapts quickly to new work environment

• Strong planning skills

• Analytical mindset, team spirit, innovative

Who We Are:

As part of TD Bank Group, one of Canada's largest financial institutions, at TD Insurance, we care for Canadian families, making it easy to get the best advice, protection, and support in their moments of need, always.

TD Insurance offers a wide range of products, including General Insurance and Life and Health. Everyday, we strive to make every interaction, product and experience remarkably human and refreshingly simple for more than four million customers who count on us.

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): Maîtrise d’une langue autre que le français pour offrir du soutien ou traiter avec des employés ou des collègues qui ont besoin de services et de soutien dans une langue autre que le français.