Capital Modeling Actuary recruitment

Capital Modeling Actuary

Located in the heart of Downtown Toronto, our client is an established financial services provider looking for the assistance of a Capital Modeling Actuary for what is to be an 18 month contract engagement. The purpose of this role is to perform quantitative analyses and life insurance economic capital modeling within the Insurance Risk Management framework for the client financial group. The Capital Modeling Actuary is to ensure that the risks accepted and retained by the insurance business are aligned with its capital position and risk appetite; and to ensure that the risk reporting to the businesses, their boards and GRM are timely and effective in facilitating prudent business decisions.

The role of the Capital Modeling Actuary will be allocated into 3 main duties:

  1. Capital Management: analysis of data and development / implementation of models to support economic capital calculations related to life and living benefits insurance products; understand key life and living benefits model assumptions and considerations; ensuring Model Risk Policy compliance; quarterly economic capital reporting including report development; and capital reporting including report development.
  2. Risk Reporting: provide Enterprise Risk Report (ERR) and US Risk Report pages for key risks on behalf of Global Insurance and provide GRM-I Metrics reporting for enterprise GRM documentation.
  3. Risk Appetite Profile: act as a resource in developing risk appetite constraints and key measures; assist in developing appropriate risk limits and delegated authorities; monitor risk profile vs. appetite and recommend action as required; and align risk appetite and profile with enterprise best practices.

Requirements Qualifications:

As a strong candidate to meet consideration for this long-term contract engagement as a Capital Modeling Actuary you must hold fellowship in the Society of Actuaries (SOA) and a fellowship in the Canadian Institute of Actuaries (CIA). A university degree including study in Advanced Mathematics is required. In particular, our client is looking for someone who is an expert in AXIS and who has the ability to manage deadlines and changing priorities. Excellent communication (written and verbal) skills are a must. Software development and maintenance experience is preferred but not required.

To Apply:

All applicants applying to a Canadian job opening through Robert Half Financial Services Group must be authorized to work in Canada.

For more information and confidential consideration, contact Robert Half Financial Services Group at toronto@roberthalffsg.com, quoting the job reference – Capital Modeling Actuary (#05091-9572713) – in the subject line of your e-mail.

About Us:

Founded in 1948, Robert Half International Inc. (RHI) is the recognized leader in professional-level staffing and operates in more than 350 locations in 14 countries throughout North America, Europe, Asia, Australia and New Zealand. Robert Half International is traded on the New York Stock Exchange (NYSE: RHI) and is a member of the prestigious SP 500 Index.

Robert Half Financial Services Group specializes in the placement of full-time, project and interim professionals in the banking, brokerage and investment sectors covering such areas as asset management, commercial lending, corporate finance, compliance, investment analysis and risk management.

Robert Half International again was named to FORTUNE® magazine's "World's Most Admired Companies" list, ranking number one in our industry in both innovation and quality of services. (March 21, 2011)

Visit us online at www.roberthalffsg.com or contact your local office at 1.800.803.8367 to learn more about how the Robert Half Financial Services Group can assist you.

Robert Half Financial Services Group is an Equal Opportunity Employer.