JOB DESCRIPTION / ACCOUNTABILITIES:

Reporting to the AVP, Appointed Actuary, TD Insurance Risk Management , the Senior Manager, IFRS 17 Valuation serves as a key actuarial lead for on-going actuarial modelling enhancements for the Life & Health corporate and valuation actuarial teams supporting TD Insurance. The role will also support the AVP on various deliverables of the group as required for the Appointed Actuarial Report, FCT, EWST, LICAT, ORSA or other process and control improvements.

ANALYTICAL SKILLS:

• Stands out for her/his judgment and analytical mind.
• Has strong problem-solving skills.
• Skilled at anticipating the results of an analysis or a report.
• Recognized for his/her thoroughness and the quality of his/her work.
• Practical experience with Moody’s AXIS software and SAS, VBA, R, SQL and Tableau

WHO WE ARE:

TD is one of the world’s leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we deliver legendary customer experiences to over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.
TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you’ve got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we’re here to support you towards your goals. As an organization, we keep growing – and so will you.

This position, with support of financial analysts on her/his team and collaboration with cross-functional teams, will provide:

• Understanding of IFRS 17 accounting standard – successful candidate will demonstrate a thorough understanding of IFRS 17, Insurance Contracts (IFRS 17) in the context of Actuarial modelling implications and be able to effectively work cross-functionally with Finance on IFRS 17 actuarial disclosures in relation to TD’s Life & Health business, for both TD Life Insurance Company and TD Re (Barbados) level. There is an expectation of a deep understanding of the standard, interpretation and industry application that will allow for development of actuarial model changes and quantification of profit/loss impacts, capital impacts and operational impacts to TD Life & Health in comparison to peers.
• IFRS 17 actuarial modelling – The successful candidate will utilize her/his knowledge to update actuarial models including reinsurance, working through data flow changes with the IFRS 17 tool. Work in collaboration with the BAU Corporate Actuarial team, lead and weigh in on updates to process and control documentation as required.
• IFRS 17 and new products – As the L&H business evolves, the senior manager will work with the L&H business and rest of the Corporate and Valuation Actuarial teams to integrate any new products, product changes, new reinsurance arrangements into the IFRS 17 accounting and related revised capital frameworks.
• IFRS 17 Project Governance and Education – The senior manager will assist the Appointed Actuary and project team with presentations to stakeholders and governance committees within TD Insurance and TDBG as well as relevant external stakeholders, taking into account the implications of IFRS 17 on TDI L&H from a conceptual and quantitative perspective (e.g. insurance liability, profit and loss, capital perspectives). Additionally, the senior manager will work together with others as required to develop presentations for such purposes.
• Special Projects and Continuous Improvement- Lead the team in the development and evolution of the valuation, LICAT and FCT model including any implementation of new products. Support the corporate and valuation actuarial team of the L&H business with process and control improvement initiatives and action items and other efficiency projects such as improvement to data flows and modelling.
• Corporate Actuarial – The Senior Manager will support the AVP in collaboration with the rest of the team in support of the Appointed Actuary’s corporate actuarial deliverables including support for the Appointed Actuarial Report, FCT, ORSA, experience studies, etc.