Actuarial Analyst II - Valuation

CAD TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs. As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Department Overview It takes an astute combination of analytical skills, business knowledge and an understanding of human behavior to navigate today's complex risk factors in business – and banking. This is the special expertise of the Actuary professional community at TD. Actuary roles help us strategically plan our future business success and increasingly, to fulfill specialized functions in areas such as pricing, underwriting, insurance, reinsurance and of course, risk management. We value and customers benefit from the tremendous actuarial talent at the Bank and craft these roles with opportunities for personal and professional growth.

The Valuation team is part of the Corporate Actuarial department.  In the role, the candidate will partake in the main responsibilities of the team, including: Quarterly Reserve Valuations The responsibility is to establish actuarial provisions for all lines of business using appropriate assumptions and methods. The selection of techniques to determine unpaid claims requires a very good understanding of the business, including historical changes in terms of product offering and legislative reforms. Tools and techniques must be periodically reviewed, improved, and optimized to stay relevant for the specific circumstances of the different lines of business. Actuarial provisions must be calculated in accordance with current actuarial literature, legislation, and accounting standards. Reporting The responsibility relates to building meaningful reports to monitor the adequacy of actuarial provisions over time. Actual losses versus expected losses are monitored monthly. The responsibility also relates to communicating and certifying the financial results with various business partners, including external auditors, AMF and OSFI. The appointed actuary report is produced, audited and peer reviewed yearly. Governance/Miscellaneous Implement risk mitigation, risk controls as well as processes, policies, and procedures for the team. Coach, develop and inspire colleagues toward reaching their goals Job Requirements Professional Requirements: Bachelor's degree in Actuarial science or other quantitative area of study Working towards obtaining Associateship with the Casualty Actuarial Society, Canadian Institute of Actuaries or equivalent Minimum 2 years of Property and Casualty actuarial experience Requirement of having completed 2 Actuarial exams at the minimum Analytical/technical Skills: Stands out for his/her judgment and analytical mind Has strong problem-solving skills Recognized for his/her thoroughness and the quality of his/her work Shows initiative, creativity and critical thinking in his/her work Has work experience with MS Excel (VBA), programming languages (eg. R/SAS/Python) Soft Skills: Ability to communicate effectively in English, both verbally and in writing.  Bilingualism (English and French) is an asset for this role Highly adaptable for having discussions with different stakeholders in terms of expertise, training and hierarchical position Ability to work effectively during periods of stress Ability to