Actuary

Canadian Medical Protective Association

$135K — $181K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree in Actuarial Sciences or a comparable field
  • FCIA and FCAS designations required
  • 8+ years of progressive actuarial experience
  • 1+ year of experience leading a team
  • Strong aptitude for learning new software and systems
  • Knowledge of financial reporting, valuation, and ratemaking

Responsibilities

  • Provide actuarial support to senior management and other departments
  • Assist in developing and refining actuarial methodologies and practices
  • Optimize estimation processes through technical analysis and improvements
  • Produce and review actuarial outputs, including valuations and testing
  • Ensure maintenance and functionality of actuarial systems
  • Collaborate with Finance for accurate delivery of actuarial data
  • Support development of performance metrics for professional liability

Benefits

  • Fully remote work from home position
  • Opportunity to shape and impact newly created role
  • Collaborative team culture focused on continuous improvement
  • Support for professional development and team growth
  • Engage with senior management and external stakeholders
Full Job Description
Description

Poste chez Canadian Medical Protective Association
• ACTUARY

(Fully Remote, Ontario or Quebec)

POSITION OVERVIEW

The Actuary plays a key role in supporting both the Senior Actuary and Chief Actuary in strengthening the Association's internal actuarial capabilities. This expertise is made available to senior management, Council, and all departments. As a subject matter expert in actuarial science, the Actuary contributes valuable insights on topics such as provisions for unpaid claims, fee-setting processes, funding strategies, trend analysis, experience monitoring, and sensitivity analysis.

The Actuary plays an important role in assisting the Senior Actuary and Chief Actuary in developing, implementing and reporting on various actuarial projects including year-end and mid-year liability valuation, occurrence year protection fee projection, Scenario and Stress Testing (SST), mid-to-long term balance sheet projection, insurance program assessment, supporting year-end external review and auditing activities, and participating in other tasks within the Association.

In collaboration with the Senior Actuarial Analysts and Actuarial Analysts, the Actuary supports the modelling of future costs and claim counts, provides technical guidance on actuarial software and related systems, and ensures accurate reporting of actuarial information to the Chief Actuary, Finance, and senior management.

In exceptional circumstances where both the Chief Actuary and Senior Actuary are unavailable, the Actuary may be called upon to provide recommendations to senior management regarding specific actuarial matters.

POSITION ACTIVITIES
  • Provides actuarial support to senior management, Financial Services, and other departments, particularly in the absence of the Chief or Senior Actuary
  • Assists in the development and refinement of actuarial methodologies, processes, and practices aligned with organizational goals and industry standards
  • Supports the optimization of estimation processes through technical analysis and process improvement initiatives
  • Contributes to the production and review of actuarial outputs, including liability valuations, fee setting analyses, and sensitivity testing
  • Ensures the proper functioning and maintenance of actuarial systems and applications
  • Participates in the preparation and enhancement of actuarial reports and documentation
  • Collaborates with Finance and other departments to ensure timely and accurate delivery of actuarial data and insights
  • Assists in the development of performance metrics that assess professional liability and organizational exposure
  • Applies actuarial techniques in simulation, modeling, and forecasting to support risk assessment and strategic decision-making
  • Supports the implementation of automated solutions to streamline repetitive tasks and enhance efficiency
  • Provides guidance to direct reports to both support their development and prioritize their efforts in support of corporate objectives
  • Creates and supports a team culture of continuous improvement and a work environment that fosters teamwork, collaboration, and inclusion


EDUCATION AND EXPERIENCE
  • Minimum Bachelor's Degree in Actuarial Sciences; a comparable field of study may be considered
  • Successful completion of FCIA (Fellow of the Canadian Institute of Actuaries) and FCAS (Fellow of the Casualty Actuarial Society) designations is required
  • Minimum of 8 years of progressive work experience in the actuarial field
  • Minimum of 1 year of experience leading and managing a team of actuarial professionals
  • Strong aptitude for quickly learning and utilizing new computer applications and systems
  • Strong knowledge of financial reporting practice, valuation and ratemaking
  • Working knowledge of data analytics or data programming language preferred
  • Experience with organizing and delivering informative, thorough, and professional presentations to all audiences
  • Ability to communicate complex financial information and concepts to a non-technical audience
  • Experience working with senior management, executive decision-makers, and external stakeholders
  • Experience with successfully delivering cross-functional projects and change initiatives
  • Proven ability to lead and engage a team of professionals, ability to coach, mentor, and motivate staff to achieve organizational and individual goals


SKILLS AND ABILITIES

Leadership: with a growth mindset, takes a corporate, long-term view in defining and communicating goals and outcomes to the team that provide direction, purpose, and inspiration. Sees the "big picture" of how all functions work together to produce value to members and stakeholders. Exceptional collaborator, communicator, and facilitator. Fosters a positive culture of trust and respect where team members feel valued and supported.

Project management: develops project plans; coordinates projects; communicates changes and progress; completes projects on time and budget; manages project team activities; firm knowledge of project management and agile methodologies and tools.

Teamwork: balances team and individual responsibilities creating the right context for self-organizing teams; exhibits objectivity and openness to others' views; gives and welcomes feedback. Includes staff in planning, decision-making, facilitating and process improvement. Builds and maintains lasting relationships with other teams/ departments, key business partners, and external parties.

Adaptability: adapts to changes in the work environment; manages competing demands; changes approach or method to best fit the situation; able to deal with frequent change, delays, or unexpected events; keeps commitments. Flexible and open to new ideas and approaches, embraces change as an opportunity for growth. Proven ability to encourage, support, and enable change.

Initiative: looks for and takes advantage of opportunities; presents ideas and information in a manner that generates interest.

Judgment: takes responsibility for decisions and actions, includes appropriate people in decision-making process; makes informed and timely decisions. Makes difficult decisions, when necessary, holds themselves accountable for outcomes and learns from their mistakes.

Analytical: synthesizes complex or diverse information; uses intuition and experience to complement data.

Problem-solving: uses critical thinking and analytical skills to find solutions to challenges. Appropriately seeks input from others but takes ultimate responsibility.

Verbal communication: tone and approach are adjusted to fit the needs of the audience and circumstances, listens, and gets clarification; speaks clearly and persuasively; responds well to questions; demonstrates group presentation skills; participates effectively in meetings.

Written communication: writes clearly and informatively; edits work for spelling and grammar; varies writing style to meet needs; presents numerical data effectively.

Conflict resolution: skilled in managing and resolving conflicts in a constructive manner while maintaining psychological safety.

POSTING DETAILS
  • Job type: This is a regular full-time opportunity.
  • This posting is for a newly created role
  • Salary range: $135,600 to $181,400 - this role is classified as a level A5
  • Location: Fully Remote - working from a home-based office anywhere in the provinces of Ontario and Québec
  • Skill assessment: selected candidates may be required to complete a skill assessment
  • Application deadline: May 18, 2026 at 4:00pm EST


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