Equitable is a Canadian mutual company focused on supporting clients and communities. They are seeking Actuarial Associates to join their Group Actuarial and Individual Pricing teams, providing opportunities for development and experience in a collaborative environment.
Responsibilities
- Provide support to financial reporting of all Group Products (Life, AD&D, Health, Dental, STD, and LTD)
- Analyze experience trends in inforce block and industry studies and communicate actionable information to key stakeholders
- Provide data and analysis required for various industry studies including trend, drug pooling and expenses
- Develop and execute monthly monitoring of different aspects of Group Benefits products profitability
- Model and analyze impact of various financial management and operational initiatives
- Provide support to drug cost management initiatives
- Support reinsurance management activities including treaty revisions and settlement calculations
- Complete experience studies and propose assumption changes
- Assist in the design and pricing of Individual life and health products (including Universal Life, Term, Traditional Par and Critical Illness) under an IFRS 17 basis
- Support profitability analysis for all Individual life and health products and recommend product pricing changes as needed to senior management for approval
- Support the sales and illustration process
- Assist in the development and production of reports for monitoring sales and product experience
Skills
- A bachelor/master's degree in mathematics, actuarial science, statistics or a related field
- Sound computer software knowledge, particularly in MS Excel, SQL and MS Access
- The ability to work in a multi-tasking environment, and meet deadlines
- A strong focus on customer service with excellent communication skills both verbal and written
- A minimum of 2 SOA Exams, and a commitment to complete the FSA/FCIA designation
- ASA/ACIA preferred
- Knowledge of Group Life and Health products is an asset for the Group role
- AXIS experience and knowledge of Individual life products are assets for the Individual role
Benefits
- Incentive pay
- Annual salary reviews
- Employer-paid benefits
- Pension matching
- Competitive vacation plus one paid volunteer day each year
- Healthy work-life balance with employee wellness always top of mind, complemented by a “dress for your day” approach
Company Overview
At Equitable, we believe in the power of together. This is how we focus on our clients. It's how we support advisors and give back to our communities. It was founded in 1920, and is headquartered in Waterloo, Ontario, CAN, with a workforce of 1001-5000 employees. Its website is http://equitable.ca/.