Actuarial Analyst II

at  Workers Compensation Board of Manitoba

The position provides actuarial support to all actuarial initiatives for the Workers Compensation Board of Manitoba (WCB); including data analysis, development of assumptions and execution of models.

QUALIFICATIONS:

Completion of a university degree in actuarial science, mathematics or related quantitative discipline, including mandatory courses, from a university accredited by the Canadian Institute of Actuaries.
Actively pursuing Associateship of the Canadian Institute of Actuaries (ACIA) designation.
Minimum of three (3) years actuarial experience
Good working knowledge and proficiency with MS Access and SQL
Ability to use a personal computer and software (MS Word, Excel) in a Windows environment
Excellent analytical and mathematical skills
Ability to manipulate, modify, extract and analyze data
Well-developed problem solving skills
Ability to communicate effectively both verbally and in writing
Ability to organize and prioritize workload
Ability to take initiative and work independently and in a team environment
Strong computer programming skills in VBA and/or SQL would be an asset
The ability to communicate proficiently in both official languages (English & French) is an asset, but is not required

Executes the annual rate model process separate from and in parallel with the external actuarial consultants.
Maintains, executes and coordinates the assessment rate model by establishing rate model variables, identifying changes to risk category assignment and validating results. This includes performing program analysis, risk assessment and making recommendations of potential changes to the rate model to leadership.
Executes actuarial models, develops assumptions, validates results, and performs data analysis as a part of the annual valuation, budget/projections, studies/projects and any other actuarial initiatives.
Prepares and validates employer and claim data to be used in rate calculations including the annual calculation of employer assessment rates.
Provides actuarial analysis to support other areas related to employer assessment rates (e.g. Prevention, Finance, IT). This includes responding to routine rate enquires/requests from internal and external stakeholders.
Provides actuarial support to the benefit liability model including data validation, review of assumptions and modification of models.
Cross checks valuation work and provides peer reviews on actuarial matters.
Develops and maintains department procedures for rate model, etc.
Pursues professional and personal development through continuing education and training, literature reviews, workshops, seminars, etc.
Performs other related duties as assigned.