Aviva

Senior Actuarial Analyst, Economic Capital

Aviva$90K — $110K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in a quantitative field such as Actuarial, Mathematics, or Data Analytics.
  • Progress towards ACAS designation with relevant actuarial experience.
  • Hands-on experience with statistical and stochastic modelling.
  • Strong communication skills for conveying complex concepts to diverse audiences.
  • Proficient in quantitative analysis, problem-solving, and programming (VBA, SAS, Python/R).
  • Solid understanding of Monte Carlo simulation and model governance frameworks.

Responsibilities

  • Support the Internal Economic Capital Model through methodology and validation efforts.
  • Contribute to OSFI Climate Risk Management via physical risk modelling.
  • Design and maintain stochastic simulation frameworks for capital estimation.
  • Analyze actuarial datasets to enhance risk modelling insights.
  • Work on catastrophe model applications, including capital analysis.
  • Develop capital metrics for strategic decision-making and risk optimization.

Benefits

  • Compelling rewards package, including a base salary and eligibility for annual bonuses.
  • Hybrid flexible work model allowing for work-life balance.
  • Outstanding career development opportunities and educational support.
  • Competitive vacation package with options for additional days off.
  • Employee-driven diversity and inclusion programs.
  • Corporate wellness initiatives for mental and physical health support.
Full Job Description
The Opportunity

We are seeking a highly skilled actuarial professional to join the Economic Capital team as a Senior Actuarial Analyst. In this role, you will contribute to the development, maintenance, and enhancement of our industry-leading Economic Capital Internal Model, with a strong focus on capital modelling, quantitative risk analysis, and advanced statistical techniques.

You will work extensively with stochastic modelling frameworks to assess various risk and capital requirements across Aviva Canada's business. This role provides deep exposure to enterprise-wide risk management, capital allocation, and risk modelling, and is ideal for candidates looking to advance expertise in quantitative modelling and financial risk modelling.

What you'll do:
  • Provide technical support for the Internal Economic Capital Model, including methodology, parameterization, validation, and analysis.
  • Support B-15 OSFI Climate Risk Management through the physical risk modelling stream.
  • Design, build, and maintain stochastic simulation frameworks and statistical models to improve risk aggregation, dependency modelling, and capital estimation methodologies.
  • Analyze complex actuarial and financial datasets using statistical methods to derive insights for capital risk modelling.
  • Work on catastrophe model applications in the business, including CAT loading development, capital analysis, and hazard/peril adjustments.
  • Support the development of capital metrics used for planning, performance management, strategic decisions, and risk optimization.


What you'll bring:
  • Bachelor's degree in quantitative field e.g. Actuarial, Mathematics, Statistics/Economics, Data Analytics, Computer Science or equivalent.
  • Progress towards ACAS and relevant actuarial experience.
  • Hands-on experience with statistical modelling, stochastic processes, and quantitative risk modelling.
  • Ability to clearly communicate complex technical concepts to both actuarial and non-technical audiences.
  • Strong quantitative analysis, problem solving and programming skills (VBA, SAS, Python/R).
  • Solid understanding of Monte Carlo simulation, model validation, and model governance frameworks.


What makes you stand out:
  • Expertise in statistical modelling or predictive analytics, including model development and validation.
  • Experience with catastrophe models and exposure management.


What you'll get:
  • The salary band for this position ranges from $90,000 to $110,000. Please note that individual salary is determined by factors such as job-related knowledge, skills and experience, as well as internal equity.
  • Compelling rewards package including base compensation, eligibility for annual bonus, retirement savings, share plan, health benefits, personal wellness, and volunteer opportunities.
  • Hybrid flexible work model.
  • Outstanding career development opportunities.
  • We'll support your professional development education.
  • Competitive vacation package with the option to purchase 5 extra days off per year.
  • Employee-driven programs focused on gender, LGBTQ+, origins, diversity, and inclusion.
  • Corporate wellness programs to support our employees' physical and mental health.

About Aviva

Natural health retailer and resource. Aviva promotes a holistic approach to your health and well-being through proper nutrition and a healthy, natural lifestyle. Aviva operates a retail store in Winnipeg, MB Canada and serves customers across Canada and around the world through www.avivahealth.com. Everything for healthy living.

Aviva Careers

Joining Aviva presents a prime opportunity to be part of a team that values leadership, innovation, and diversity in the workplace. Aviva, a leading insurance and financial services company, offers a variety of job opportunities that cater to a range of skills and professional interests, making it an ideal place for career growth and development.

Explore Job Opportunities

Aviva is actively hiring and continuously seeks passionate, creative, and solution-driven team players. Search open positions that match individual skills and interests in areas ranging from finance to technology. Each position at Aviva offers the chance to work with a global team that drives industry-leading solutions.

Experience Professional Growth

Aviva is committed to the professional growth of its employees. The company offers unmatched training, development, and certification support, allowing every team member to reach their full potential. Leadership and diversity training are integral parts of Aviva's commitment to fostering an inclusive environment.

Internship Programs

Start a career at Aviva with an internship that offers real-world experience and networking opportunities. Aviva's internships provide a robust platform for learning and applying practical skills in a dynamic setting, preparing interns for full-time positions within the company.

Benefits and Culture

Aviva is renowned for its employee benefits and positive company culture. The company prioritizes the well-being and satisfaction of its team, offering comprehensive benefits that enhance both personal and professional life. Aviva's culture is built on a foundation of respect for diversity and an ongoing commitment to inclusion.

Innovation and Networking

At Aviva, innovation is at the core of all operations. Employees are encouraged to lead transformation projects and introduce new strategies that drive growth and efficiency. Networking within Aviva provides connections to industry leaders and peers who are equally eager to share insights and collaborate on projects.

Career Advancement

Aviva believes in nurturing talent and providing employees with opportunities for advancement. Whether through promotions, cross-departmental moves, or leadership roles, team members have numerous paths to elevate their careers.

Join the Aviva Team

Interested candidates are encouraged to apply. Prepare a resume, practice for the interview, and explore the exciting employment and career opportunities at Aviva. Personalize job alerts to stay informed about the latest news and positions that align with career preferences and skills.

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Learn more about Aviva
Size
28,596 employees
Industry
NASDAQ

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