Td Bank Senior Manager Actuarial 

Canada, Ontario, Toronto 

480340924

Toronto, Ontario, CanadaData & Analytics

$136,000 - $195,000 CAD The pay details posted reflect a temporary market premium specific to this role that is reassessed annually.

Job Description / Accountabilities:

Reporting to the AVP,

, the Senior Manager,serves as a key actuarial lead for on-going actuarial modelling enhancements for the Life & Health corporate and valuation actuarial teams supporting TD Insurance. The role will also support the AVP on various deliverables of the group as required for the Appointed Actuarial Report, FCT, EWST, LICAT, ORSA or other process and control improvements.

Role Overview – Senior Manager, IFRS 17 Valuation:

• Understanding of IFRS 17 accounting standard – successful candidate will demonstrate a thorough understanding of IFRS 17,

  Insurance Contracts
  (IFRS 17) in the context of Actuarial modelling implications and be able to effectively work cross-functionally with Finance on IFRS 17 actuarial disclosures in relation to TD's Life & Health business, for both TD Life Insurance Company and TD Re (Barbados) level. There is an expectation of a deep understanding of the standard, interpretation and industry application that will allow for development of actuarial model changes and quantification of profit/loss impacts, capital impacts and operational impacts to TD Life & Health in comparison to peers.

• IFRS 17 actuarial modelling – The successful candidate will utilize her/his knowledge to update actuarial models including reinsurance, working through data flow changes with the IFRS 17 tool. Work in collaboration with the BAU Corporate Actuarial team, lead and weigh in on updates to process and control documentation as required.

• IFRS 17 and new products – As the L&H business evolves, the senior manager will work with the L&H business and rest of the Corporate and Valuation Actuarial teams to integrate any new products, product changes, new reinsurance arrangements into the IFRS 17 accounting and related revised capital frameworks.

• IFRS 17 Project Governance and Education – The senior manager will assist the Appointed Actuary and project team with presentations to stakeholders and governance committees within TD Insurance and TDBG as well as relevant external stakeholders, taking into account the implications of IFRS 17 on TDI L&H from a conceptual and quantitative perspective (e.g. insurance liability, profit and loss, capital perspectives). Additionally, the senior manager will work together with others as required to develop presentations for such purposes.

• Special Projects and Continuous Improvement- Lead the team in the development and evolution of the valuation, LICAT and FCT model including any implementation of new products. Support the corporate and valuation actuarial team of the L&H business with process and control improvement initiatives and action items and other efficiency projects such as improvement to data flows and modelling.

• Corporate Actuarial – The Senior Manager will support the AVP in collaboration with the rest of the team in support of the Appointed Actuary's corporate actuarial deliverables including support for the Appointed Actuarial Report, FCT, ORSA, experience studies, etc.

Additional Skills Required:

o Ability to communicate effectively in English, both verbally and in writing. French is an asset.

o Highly adaptable in having discussions with different stakeholders in terms of expertise, providing training at differing levels of detail based on seniority.

o Ability to work effectively during periods of stress.

o Ability to make good decisions quickly when the situation so requires.

• Analytical Skills:

o Stands out for her/his judgment and analytical mind.

o Has strong problem-solving skills.

o Skilled at anticipating the results of an analysis or a report.

o Recognized for his/her thoroughness and the quality of his/her work.

o Practical experience with Moody's AXIS software and SAS, VBA, R, SQL and Tableau

• Management and team-work:

stakeholders

o Projects a professional image and acts accordingly.

o Ability to delegate and manage contract/consulting resources as required to optimize delivery.

• Professional Guidelines:

• Undergraduate degree in actuarial science or other quantitative area of study

• Corporate actuarial / valuation experience

• Experience with GGY AXIS (and SAS is an asset)

• Acquired Fellowship with the Society of Actuaries and Canadian Institute of Actuaries (FSA and FCIA).

• Minimum 7 years of Life & Health Insurance actuarial experience.

• Experienced with the CIA's Standards of Practice and relevant insurance legislation and regulation.

• Up to date with respect to the CIA's Continuing Professional Development requirement.

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.

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.

We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Sans Objet