Senior Specialist, Actuarial Services
at CMHC
Toronto, ON, Canada -
Start Date | Expiry Date | Salary | Posted On | Experience | Skills | Telecommute | Sponsor Visa |
---|---|---|---|---|---|---|---|
Immediate | 27 Dec, 2024 | USD 99646 Annual | 29 Sep, 2024 | 7 year(s) or above | Good communication skills | No | No |
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Description:
Job Requisition ID: 10537
Position Status: Permanent Full Time
Position Type: Hybrid
Office Location: Toronto (ON); Calgary (AB); Halifax (NS); Montreal (QC); Ottawa (ON); Vancouver (BC)
Travel Requirement: Limited
Language Designation: English Essential
Language Skill Levels (Read/Write/Speak): ZZZ
Salary: Our salaries generally range from $ 99646.37 to $ 124557.97 and are based on qualifications and experience.
About CMHC
The work you do and the work we do together matters. We come to work every day with a common purpose: to contribute to a well-functioning housing system.
At CMHC, we hold ourselves accountable for our results and support our colleagues in their achievements. We thrive on collaboration, connecting across CMHC and involving the right people to get our work done. We have flexibility, in how, when, and where we work, within the boundaries of the business needs and the nature of your role. Our leadership style is guided by trust, where our leaders favour an adaptive approach based on the needs of their teams.
Join us and be part of a team that’s committed to making a real difference and be part of something meaningful.
What’s in it for you
We’ve got the purpose, the people and the perks you need for a fulfilling career. Here’s the comprehensive and generous benefits you get when you’re a permanent employee:
- Annual Paid vacation.
- Annual individual performance incentive.
- Defined benefit pension plan.
- Comprehensive group insurance plan to support your well-being from day one.
- Support towards your personal and professional growth with training, mentorship and more.
- An inclusive workplace culture and environment.
- While positions at CMHC require some in-office presence, alternative work arrangements may be considered for Indigenous candidates.
This new position was created following the Budget 2024 announcement of the Government’s intention to establish a subsidiary of the Canada Mortgage and Housing Corporation to deliver flood reinsurance and to advance implementation of a national flood insurance program by 2025.
About the role
Join the Chief Financial Officer Team in the Senior Specialist, Actuarial Services (Flood Insurance) position. In this role, you will support the Director of Commercial Solutions - Finance and the Flood Insurance Project Management team and serve as a subject matter expert for the Valuation of Insurance Contract Liabilities, Financial Statement Modelling and Capital Management.
Responsibilities:
WHAT YOU’LL DO:
- Support the development and implementation of a flood reinsurance program and work with different stakeholders to design and implement the corporate actuarial function of the new flood reinsurance entity.
- Develop policies & guidelines and document the processes, procedures and tools used for the valuation of actuarial liabilities, capital reporting & management and financial statement modelling (including FCT and MCT).
- Develop and document the assumption-setting process and ensure compliance with regulatory standards and guidelines.
- Assess resource needs, including data and software needs to implement the corporate actuarial function of the flood insurance program.
- Develop and implement Financial Statement models used to project the flood insurance program’s financial and capital position under different economic scenarios.
- Perform core valuation and financial analyses such as Corporate Plan, Capital Plan, Financial Condition Testing, Stress Testing, and Pricing oversight.
- Provide financial advice to different groups within the corporation and present findings and recommendations to different committees.
- Provide technical leadership and coaching to more junior colleagues.
We’ve got the purpose, the people and the perks you need for a fulfilling career. Here’s the comprehensive and generous benefits you get when you’re a permanent employee:
- Annual Paid vacation.
- Annual individual performance incentive.
- Defined benefit pension plan.
- Comprehensive group insurance plan to support your well-being from day one.
- Support towards your personal and professional growth with training, mentorship and more.
- An inclusive workplace culture and environment.
- While positions at CMHC require some in-office presence, alternative work arrangements may be considered for Indigenous candidates
REQUIREMENT SUMMARY
Min:7.0Max:12.0 year(s)
Financial Services
Accounts / Finance / Tax / CS / Audit
Finance
Graduate
Proficient
1
Toronto, ON, Canada