TD Bank

Actuarial Analyst III - GI Reinsurance

TD Bank • $100K — $130K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Undergraduate degree in actuarial science or a quantitative field
  • Working towards a Casualty Actuarial Society designation (ACAS or FCAS)
  • 5+ years of relevant experience in reinsurance or related fields
  • Strong proficiency in Excel, VBA, R, and Python
  • Solid understanding of business strategies, finance, and the (re)insurance industry
  • Knowledge of financial and accounting principles
  • Bilingual communication skills with a focus on client interaction
  • Detail-oriented with a strong focus on quality and rigor

Responsibilities

  • Execute monthly financial reporting for reinsurance, analyzing recoverable amounts from reinsurers
  • Support the annual reinsurance treaty and renewal process, including Catastrophic Bonds planning
  • Forecast losses during budget planning, coordinating with Corporate Actuarial and Finance teams
  • Lead projects and respond to requests related to climate change and risk scenarios
  • Maintain compliance with controls, policies, and governance principles
  • Foster partnerships with the Claims department to improve claims monitoring
  • Collaborate with internal control partners such as Audit and Risk Management
  • Mentor and train team members to enhance actuarial and analytical skills

Benefits

  • Opportunity to work in a Canadian financial institution in a dynamic field
  • Engagement with diverse teams across the organization for comprehensive insights
  • Career advancement opportunities through professional development and mentorship
  • Ability to impact the reinsurance strategy and corporate risk management programs
  • Contribution to innovative projects addressing significant issues like climate change
Full Job Description
Work Location:
Montréal, Quebec, Canada

Hours:
35

Line of Business:
Data & Analytics

Pay Details:
100 000 $/$100,000 - 130 000 $/$130,000 CAD

Job Description:

Department Overview

The GI Reinsurance department is responsible for ensuring insurance risk is appropriately mitigated by putting in place and manage the reinsurance structures, in line with TD Insurance's risk appetite. The team also evaluates actuarial reserves and the ultimate cost of catastrophic loss events and provides periodic financial reporting of reinsurance-related results.

Key Responsibilities

  • Participate in execution of reinsurance's monthly financial reporting, including the monthly analysis and evaluation of amounts recoverable from reinsurers. Work with corporate actuarial and finance on any issues that arise


  • Participate in the annual reinsurance treaty and renewal process, planning and execution of Catastrophic Bonds, review reinsurance strategy, and coordinate communications with reinsurance brokers and TD Global Counterparty Credit


  • Participate in the forecasting of losses as part of budget planning and periodic follow ups by coordinating timing of inputs and outputs with partners such as Corporate Actuarial, Pricing and Finance


  • Develop and participate in projects or responses to ad-hoc requests (ex.: Climate change, risk accumulation, catastrophic scenarios, by peril analysis)


  • Ensure maintenance of controls, policies, and procedures while rigorously applying governance principles, including SOX and EUC controls, audit requirements, and model validation processes


  • Develop partnerships with the Claims department to deepen understanding of the claim lifecycle and to establish effective monitoring processes.


  • Work independently with internal control partners, including Audit, E&Y, and Risk Management


  • Contribute to the development of actuarial and analytical capabilities through mentorship, training session and coaching.


  • Inform internal partners about reinsurance strategies, share knowledge and best practices, and support cross functional collaboration


Requirements

  • Undergraduate degree in actuarial science or another quantitative field


  • Working toward designation of Casualty Actuarial Society (ACAS or FCAS)


  • 5 years+ of relevant experience


  • Strong computer and programming skills (Excel, VBA, R, Python)


  • Role also requires a strong understanding of business strategies and behavior, finance and the (re)insurance industry


  • Knowledge of financial and accounting concepts


  • Client-oriented and superior communication skills


  • Bilingual


  • Known for the quality of his/her work product, strong attention to details and rigor


  • Adapts quickly to new work environment


  • Strong planning skills


  • Analytical mindset, team spirit, innovative


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 que le français.

About TD Bank

TD Securities offers a range of advisory and capital market services to its clients. The company's range of services includes research, investment banking, capital markets, and global transaction banking. Research consists of commodity and equity research. Investment banking consists of mergers, acquisitions, industry expertise, and credit origination. Global transaction banking consists of trade finance, cash management, and correspondent banking. TD Securities was founded in 1855 and is based in Ontario.

TD Bank Careers

Join the vibrant team at TD Bank, one of North America's leading financial services organizations, where innovation, leadership, and growth go hand in hand. At TD Bank, we are committed to fostering a culture of diversity and inclusion, making it an ideal place for ambitious professionals to thrive. Work You’ll Do At TD Bank, your professional journey is bolstered by a robust support system. From your first interview to every career milestone, you will find opportunities for growth and leadership. Our team is dedicated to helping you develop the skills necessary for success in the ever-evolving financial sector. TD Bank offers a variety of job opportunities across multiple fields, from customer service to investment banking. Each position at TD Bank is a chance to contribute to our culture of innovation and exceptional client service. Internship Programs Kickstart your career with a TD Bank internship. Our programs provide invaluable industry exposure and hands-on experience, making them a perfect starting point for students and recent graduates eager to make their mark in the banking industry. Interns at TD Bank enjoy the unique opportunity to work alongside seasoned professionals, gaining insights that are crucial for future employment. Benefits and Growth TD Bank is deeply committed to the well-being and continuous growth of our team members. We offer competitive benefits packages that cover health, finance, and family care. Our employees enjoy comprehensive health insurance, retirement plans, and generous paid time off, among other perks. Moreover, TD Bank encourages professional development through various training programs, including leadership development and diversity training. These initiatives ensure that our team remains at the forefront of industry standards and best practices. Join Our Team Explore the numerous career paths available at TD Bank and discover how your skills and interests align with our mission. We are actively hiring and continually looking for talented individuals who are passionate about banking and customer service. Networking and Professional Development At TD Bank, we believe in the power of networking and collaboration. Our employees have access to a wide range of networking events, workshops, and seminars that promote career development and professional growth. These platforms not only enhance your professional skills but also expand your industry connections. Stay Connected Keep up to date with the latest at TD Bank Careers by subscribing to our job alert emails. Tailor your subscription to match your career preferences and get the latest news, insider tips, and job opportunities delivered straight to your inbox. Explore job opportunities at TD Bank and be part of a team that values hard work, creativity, and a diverse workplace culture. Your next great career move is just a click away. SEARCH TD BANK JOBS Join us at TD Bank and let your ambition lead you to a rewarding career filled with opportunities to learn, grow, and innovate.
Learn more about TD Bank
Size
90,000 employees
Market Cap
$117.9 billion
Industry
Finance & Insurance
Net Income
-$6.9 million
5 Year Trend
+6.6%
* Ladders Estimates

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