Work Location:

Canada

Hours:

35

Line of Business:

Data & Analytics

Pay Details:

We’re committed to providing fair and equitable compensation to all our colleagues. As a candidate, we encourage you to have an open dialogue with a member of our HR Team and ask compensation related questions, including pay details for this role.

Job Description:

Department Overview

TDI Insurance Risk Management (IRM) is accountable for the IRM program across TDI, relying on key activities and deliverables embedded within the accountabilities of business process, risk and control owners (first line).  They are also accountable for ensuring alignment of IRM with TDI business priorities, capacity, and expertise to ensure a shared focus on common IRM objectives.

TDI IRM is accountable for the alignment of TDI with TD's Insurance Risk Policy. This is performed by challenging the Corporate Actuarial reserves as well as the Pricing analyses. This also requires the challenge of various business initiatives from an insurance risk perspective, the production of reports and dashboards to be presented to different risk committees as well as the production of the ORSA report. TDI Insurance Risk Management aims to perform challenges that are efficient, thorough, and well documented.

Job Description

The Actuarial Analyst III, Insurance risk contributes to the success of the TDI Insurance Risk Management team by participating in the review of the corporate actuarial valuation, the review of the pricing analyses and in the development of insurance risk analytics and tools.  The analyst also contributes to the production of the LH ORSA report and acts as the Life and Health Insurance Risk SME for different committees or meetings.

Reporting directly to the Manager, Insurance Risk;

• Participate in the strategy and execution of the actuarial challenge program for TDI Life & Health ("LH") and TD Reinsurance Barbados ("TDRB") including but not limited to:

  • Independent annual review of the LH Corporate Actuarial valuation

  • Independent annual review of the LH Pricing analyses

  • Reviews of the methodologies and assumptions underlying the actuarial estimation processes

  • Independent oversight of reinsurance treaty renewals and amendments

  • Documentation and communication of findings and recommendations to management and executive stakeholders

  • Delivering a program that operates in partnership with the business to add value and enable timely risk taking.

• Act as one of the Insurance Risk SME for the Change Management Review process (CMRA) performing the challenges of TDI LH initiatives affecting the premiums, claims, reserving, reinsurance, product and business plan

• Support the execution of the capital adequacy assessment processes for LH and TDRB, including but not limited to:

  • the end-to-end Own Risk Solvency Assessment ("ORSA") process, including the production of the LH ORSA Report, the assessment of risks and recommended internal capital targets

• Participate in the challenge of the business’ assessment and management of Insurance Risk to be within the stated risk appetite across all areas of the business

• Provide life & health actuarial subject matter expertise in challenging the identification of insurance risk through various risk management programs

• Collaborate on the development of new policies and provides support and quality review of existing policies

• Actively manage good business 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 controls supported by effective processes in alignment with risk appetite

• Supports the development, maintenance, enhancements and reporting of Key Risk Indicators for Insurance Risk in collaboration with our business partners

• Participate in the development of risk analytics and tools that allow for risk trend identification to challenge the business' assessment and management of Insurance Risk

• Participate in the design and the implementation of process improvements in order to achieve more efficient and insightful challenges

Job Requirements

• Minimum of 5 years of actuarial experience in the life and health insurance field

• Bachelor's degree in actuarial sciences or related field, acquired or working towards Fellowship with the Society of Actuaries and Canadian Institute of Actuaries or equivalent

• Actuarial experience at an insurance company in risk management, pricing, reserving, underwriting, reinsurance or product development function

• Superior written and oral communication skills.  French is an asset.

• Excellent knowledge of the Microsoft Office Suite

• Strong problem-solving skills and the ability to proactively identify risks/issues and recommend solutions

• Client-focused and aptitude for teamwork with solid organizational and communications skills

• Highly adaptable to change

• Autonomous and perseverant; shows initiative and creativity in their work

• Recognized for their thoroughness and the quality of their work

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. More than four million customers count on us.

As the largest direct to consumer insurer in Canada, we are always innovating and providing exciting and rewarding career opportunities for our Canada-wide workforce.

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. Whether you have a passion for helping customers and want to expand your experience, or you want to coach and inspire your colleagues, there are many different career paths within our organization at TD – and we’re committed to helping you identify opportunities that support your goals.

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:

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./This position requires proficiency in a language other than French to support or deal with employees who require services and support in a language other than French.