Senior Actuarial Associate

Equitable Life of Canada is looking for a Senior Actuarial Associate to join its Corporate Actuarial department on a permanent, full time basis. The role is located in Waterloo, Ontario.

Accountabilities:
• Assist in providing Individual Life and Health actuarial reserves, cash flows, capital requirements for quarterly valuations
• Maintain and update valuation systems
• Assist in the development of Individual Life and Health Business Plan and DCAT analysis
• Produce internal and external reports within established timelines
• Identify and implement process improvements
• Assist in the development and implementation of the dividend scale

Qualifications:
• Successful completion of all requirements and attainment of ASA designation, pursuing FSA designation
• Advanced knowledge of AXIS actuarial software
• Extensive knowledge of the Windows environment, including advanced knowledge of spreadsheet manipulation, databases, and word processing applications
• Knowledge of Individual Life and Health products and working knowledge of accounting
• Ability to handle multiple tasks with short timelines

Anyone interested should submit a cover letter and resume to resumes@equitable.ca.

PURPOSE:
• In conjunction with the SVP and the President of AIC, lead the strategic direction of liability driven investing (LDI) for Aviva Canada (ACDA) and AIC.
• Responsible for directing, monitoring and reporting on the results of ACDA’s LDI efforts.
• Responsible for assisting in the development of investment optimizing, crediting and hedging strategies to manage LDI and 3rd party development for AIC.
• Responsible for assisting in the optimization of LDI and other related market risks for Aviva North America.
• Responsible for creating, recommending, and potentially implementing, solutions to the SVP and ALCO which address the material LDI and market related risks of ACDA.

ACCOUNTABILITIES:
• Liability Driven Investing. Optimize the match position and participate in the ACDA risk committees as needed. Work with AINA’s investment solution’s team to create, implement and maintain models and processes to manage LDI pursuant to standards set by the SVP, and/or our clients. Identifies useful relationships among complex data from numerous areas and disciplines and create models or theories that explain complex situations and/or problems and reconciles discrepant data.
• Insurance Product Management. Oversees the implementation of liability driven investing techniques and the development of investment and crediting strategies for new and inforce products and integrates these strategies with the current overall portfolio strategy. Monitors the viability and implementation of investment and crediting strategies to drive investment results for the P&C business.
• Investment Product Development and Management. Work with AINA’s investment solution’s team in the integration of innovative models, structures and new investment vehicles (e.g. new hedging tools, reinsurance structuring, favorable tax and regulatory options). Assists in the development of 3rd party products (i.e. LDI) for AINA.
• Cross-Functional Investment Direction. Directs other functional areas (typically derivative portfolio managers) to implement investment strategies to enable the organization to realize on LDI objectives utilizing sophisticated investment tools including futures, swaps and options. Assists in the direction of asset allocation decisions by the Portfolio Management group, ensuring proper ongoing matching of assets to liabilities.
• Representation of AIC and Aviva Canada. Represents to regulatory bodies and other external stakeholders as to the sufficiency of assets and asset/liability strategies.
• Representation of Aviva North America. With SVP and other team members, work to further LDI and risk management practices in both Canada and the USA to optimize results on both sides of the border and in aggregate with the North American region.

QUALIFICATIONS:
• Bachelor’s degree in actuarial science, mathematics, statistics, economics, finance, or other related field or equivalent experience.
• CFA, CPA, ASA or equivalent designation is required.
• Substantial actuarial exam progress toward FSA or willingness to attain is preferred.
• A graduate degree (e.g. MBA) will be considered an asset.

EXPERIENCE:
• Seven to ten years of experience in financial services industry.
• Three to five years experience specifically in investments, LDI, asset liability management or insurance balance sheet modelling.
• Advanced negotiation and relationship building skills.
• Strong knowledge of the capital markets with an understanding of all asset classes including derivative products and their uses in managing risks is required.
• An understanding of finance, economics, accounting, investment, insurance principles and practices and actuarial considerations is required.
• Working knowledge of general insurance (P&C) products.
• Knowledge of annuity and life insurance products is considered an asset.
• Aptitude in project management or similar organizational skills.
• Experience with a state of the art automated portfolio management, investment accounting, or derivatives systems such as Bloomberg, Princeton Financial, Principia and/or CMS, preferred.

Please apply online at:  www.avivacanada.com

Actuarial Analyst
Scope Statement
The Actuarial Analyst performs mathematical calculations to provide basic actuarial and financial technical support for the functional area. The incumbent works within defined procedural constraints and under the moderate supervision of the Manager or Director of the area with actuarial responsibilities.

Impact Statement
• Provides actuarial support to specific members of the functional area to assist in the achievement of goals, objectives, and efficient operations
• Ensures the provision of accurate mathematical calculations

Responsibilities Include
• Develops and distributes management information
• Supports and completes various research projects
• Completes various industry surveys
• Must be completing course requirements towards the ASA designation

Knowledge / Experience / Certification
• Experience in an actuarial environment is an asset
• Completion of at least one course of the Society of Actuaries
• Knowledge of word processing, spreadsheet, database, email and internet
• Ability to learn and apply actuarial applications (AXIS, APL/VB)

Education / Professional Courses
• Completion of a university degree with courses in mathematics, economics and/or business

For full position profile details, please refer to the following link: http://tbe.taleo.net/NA3/ats/careers/requisition.jsp?org=EMPIRE&cws=1&rid=359. Please follow the on-line instructions in order to fill out an application for this position.

"In business for more than 85 years, with our head office in Kingston, Ontario, Empire Life continues to grow with offices across the country. Our success is based on a commitment to being approachable and responsive to the needs of our clients and distribution partners, on consistently solid investment performance and on faith in our employees as future leaders."

California Public Employees’ Retirement System - CalPERS
Chief Actuary

Annual Salary range: $206,000 - $310,000
Application Deadline: Friday, March 19, 2010.
To be considered for this exceptional career opportunity, please submit a resume, cover letter, six work-related references and current salary to:
Stuart Satow
CPS EXECUTIVE SEARCH - 241 Lathrop Way
Sacramento, CA 95815

Ph: 916.263.1401 Fx: 916.561.7205 Email: resumes@cps.ca.gov
To view an online brochure for this position visit: http://www.cps.ca.gov/executivesearch
CalPERS website: http://www.calpers.ca.gov
EOE

FACULTY POSITION IN ACTUARIAL SCIENCE

École d'actuariat (School of Actuarial Science; http://www.act.ulaval.ca) of Université Laval invites applications for a faculty position in Actuarial Science to begin August 1st, 2010. For the official job description and list of selection criteria, please see http://www.act.ulaval.ca/personnel/postes_disponibles/.

The deadline to submit applications is March 15, 2010.
Please note that applicants must be able to communicate and teach in French.