Actuarial Analyst III

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:

Direct actuarial related work / projects for own area, prepares, and performs a range of actuarial analysis, research and validations. Make recommendations for final work product or outcomes. May have primary responsibility in one or more functional or business area. Begin to communicate actuarial ideas and work product to a broad range of stakeholders.

KEY ACCOUNTABILITIES

CUSTOMER

• Direct, prepare, perform, and analyze actuarial research and ensure risk mitigation and business growth objectives are aligned

• Develop appropriate monitoring reports for analyzing company long tail claims experience

• Collaborate with the claims operations team in the identification of key performance indicators and metrics

• Build proper visualization (dashboards) or presentation to illustrate trends for the legal team

• Develop analyses to identify areas of opportunities/improvements

• Review and interpret the indications of standard actuarial techniques, and recognize situations that require modifications to normal procedures

• Coordinate the preparation of documentation to support actuarial conclusions

• Work in partnership with the claims operations and legal teams to provide day-to-day support and delivery of analytics

SHAREHOLDER

• Develop and enhance functional procedures including review for actuarial soundness

• Ensure maintenance of controls, policies and procedures for the actuarial function

• Support implementation of best practices, risk mitigation, risk controls as well as process, policy and procedures for the actuarial function.

• Assist with organization's financial structure, complete financial projections, and perform actuarial analysis

• Adhere to enterprise frameworks or methodologies that relate to activities for our business area

• Ensure respective programs/policies/practices are well managed, meet business needs, complies with internal and external requirements, and aligns with business priorities

• Ensure business operations are in compliance with applicable internal and external requirements (e.g. financial controls, segregation of duties, transaction approvals and physical control of assets)

• Participate in cross-functional / enterprise / initiatives as a subject matter expert helping to identify risk / provide guidance for complex situations

• Conduct internal and external research projects; support the development/ delivery of presentations / communications to management or broader audience

• Lead / facilitate and/or implement actions / remediation plans to address performance/risk/governance issues

• Actively manage relationships within and across various business lines, corporate and/or control functions and ensure alignment with enterprise and/or regulatory requirements

• Keep abreast of emerging issues, trends, and evolving regulatory requirements and assess potential impacts

• Maintain a culture of risk management and control, supported by effective processes in alignment with risk appetite

• Monitor service, productivity and assess efficiency levels within own function and implement continuous process / performance improvements where opportunities exist

EMPLOYEE / TEAM

• Participate fully as a member of the team, support a positive work environment that promotes service to the business, quality, innovation and teamwork and ensures timely communication of issues/points of interest

• Provide thought leadership and/or industry knowledge for own area of expertise and participate in knowledge transfer within the team and business unit

• Keep current on emerging trends, developments, reforms and grow knowledge of the business, related tools and techniques

• May provide guidance on day-to-day professional work of other team members / actuarial analysts

• Participate in personal performance management and development activities, including cross training within own team

• May supervise other team members / actuarial professionals and/or provide day-to-day work direction where appropriate

• Keep others informed and up to date about the status / progress of projects and / or all relevant or useful information related to day-to-day activities

• Contribute to team development of skills and capabilities through mentorship of others, by sharing knowledge and experiences and leveraging best practices.

• Lead, motivate and develop relationships with internal and external business partners / stakeholders to develop productive working relationships.

• Contribute to a fair, positive and equitable environment that supports a diverse workforce

• Act as a brand ambassador for your business area/function and the bank, both internally and/or externally

BREADTH & DEPTH

• professional role requiring in-depth knowledge / expertise in own domain / field of specialty and working knowledge of broader related areas

• Acts as a subject matter expert within their own area of specialty or a resource for others

• Leads projects of moderately to complex risk and resource requirements; may lead end-to-end processes or functional programs

• Solves complex problems requiring analysis of multiple variables, including consultation with multiple stakeholders

• Uses advanced methods to contribute to new solutions and recommend standards against which others will operate

• Builds stakeholder alignment in leading projects and activities; may provide process and subject matter advice at senior levels

• Solves moderately complex problems by taking a new perspective on existing solutions

• Generally reports to a Manager / Senior Manager

EXPERIENCE & EDUCATION

• Bachelor's degree in Actuarial Science or related field

• 5+ years of actuarial experience in Property & Casualty insurance

• Generally working towards a Fellowship (CAS or CIA)

• Proficiency and interest in programming, preferably Python and SQL

• Knowledge of Power BI an asset

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 qu’une langue autre que le français.