Senior Actuarial Analyst

at  Manitoba Public Insurance

Overview:
The Senior Actuarial Analyst conducts analyses on rate setting, reserving, claims and revenue forecasting, stochastic modelling, budget variance, capital modelling and other actuarial analyses on as needed basis.The Senior Actuarial Analyst will also collaborate with staff from other areas such as Pricing, Reinsurance, Valuation, Capital Management, Enterprise Risk Management, Investments, Actuarial Insights & Forecasting and Product to work on joint tasks and projects.
Due to the sensitivity of the work, the Senior Actuarial Analyst is required to maintain confidentiality due to the extensive impact throughout the corporation and the public.
The Senior Actuarial Analyst will have access to the Corporation’s Actuarial Development Program (ADP), taking P&C exams through Casualty Actuarial Society or the Canadian Institute of Actuaries.
The Senior Actuarial Analyst is expected to take full ownership of certain tasks and deliverables, communicate results to senior management and mentor actuarial analysts and students.

Responsibilities:

• Acquire the underlying claims and policy data from the Corporation’s Enterprise Data Warehouse.
• Liaise with applicable departments and committees to acquire and develop business knowledge.
• Perform complex actuarial analyses using actuarial and/or statistical tools, techniques, and software.
• Focus in the following actuarial area:
• Capital Management
• Liaises with Financial Planning and Analysis (FP&A) to explain budget variance for Claims.
• Updates the inputs for the budget model annually with claims for financial reporting.
• Builds, maintains, and updates models as part of the Corporation’s Financial Condition Testing (FCT) analysis.
• Compiles the annual Financial Condition Testing (FCT) report for the Corporations lines of business.
• Assist Capital Management Lead with developing an Economic Capital Model; stress testing, scenario analysis and sensitivity analyses.

Qualifications:

• Successful completion of a minimum of seven Casualty Actuarial Exams and attained ACAS designation.
• Five years of experience in an actuarial environment.
• Previous knowledge of FCT analysis or Economic Capital modelling considered an asset
• Experience in providing guidance, constructive feedback and mentorship to peers.
• Experience in presenting analysis and findings to leadership.
• Working knowledge of R, SQL, or Python would be considered an asset.
• Advanced Microsoft Excel and VBA skills.
• Strong broad-based analytical skills.
• Proven ability to communicate effectively (verbally and written with individuals at all levels).
• Well-developed interpersonal skills.
• Strong attention to detail.
• Strong ability to work independently and under pressure in a fast-paced environment.
• Excellent organizational and time management skills, including the ability to work with changing priorities and timelines.
• Ability to work with confidential and sensitive corporate information.

Employee Benefits:

• Acquire the underlying claims and policy data from the Corporation’s Enterprise Data Warehouse.
• Liaise with applicable departments and committees to acquire and develop business knowledge.
• Perform complex actuarial analyses using actuarial and/or statistical tools, techniques, and software.
• Focus in the following actuarial area:
• Capital Management
• Liaises with Financial Planning and Analysis (FP&A) to explain budget variance for Claims.
• Updates the inputs for the budget model annually with claims for financial reporting.
• Builds, maintains, and updates models as part of the Corporation’s Financial Condition Testing (FCT) analysis.
• Compiles the annual Financial Condition Testing (FCT) report for the Corporations lines of business.
• Assist Capital Management Lead with developing an Economic Capital Model; stress testing, scenario analysis and sensitivity analyses