Manager, Actuarial - Corporate Financial Forecasting (5027)

Work Location:

Montréal, Quebec, Canada

Hours:

35

Line of Business:

Data & Analytics

Pay Details:

140 000 $/$140,000 - 165 000 $/$165,000 CAD

This role is temporarily eligible for a pay premium above the posted salary range that is reassessed annually. You are encouraged to have an open dialogue with your recruiter who can provide more specific pay details for this role.

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

The main responsibilities of the Corporate Actuarial Manager in the Strategic Planning team include:
 

Preparation of Budget and Forecasts

The responsibility is to provide an estimate of future expected loss ratios for a five year time horizon using appropriate assumptions and methods. The expected loss ratio is the main component of the Budget/Forecasts and requires a very good understanding of the business, including future changes in terms of product offer and product changes.  Expected claims costs have to be projected and if not done properly, profit or growth objectives will significantly be impacted.  The projection includes an estimate a future reserve variations which are used to project investment returns, a projection of future fiscal year claims expenses and is used as the main input to the FCT process.
 

Reporting

The responsibility relates to building meaningful reports on actual vs planned premium projections, claims experience on a frequency and severity basis, and monthly financial results that provide insightful information to management that will allow for appropriate decision making.

Governance/Miscellaneous

Implement risk mitigation, risk controls as well as processes, policies and procedures for the team and support the other Corporate Actuarial teams during peak time.

Other Projects

Support other corporate actuarial processes as needed including actuarial valuations, appointed actuary's report, FCT and ECAP modeling.

Leadership and People Management

• Lead a team of two actuarial analysts.
• Develop talent and manage performance reviews of team members.
• Act as a coach and mentor for team members.
• Provide team members with development opportunities within and outside the business unit.
• Support recruiting strategy to hire best potential.
• Participate actively as a leader to TD activities, notably in TDI Corporate Actuarial and Risk Management teams.
• Present forecasts to executives and act as a subject matter expert.
• Manage efficiently external requests
• Respect TD Framework and Shared Commitments.

Professional Requirements:

• Bachelor degree in Actuarial science, or other quantitative area of study.
• Acquired or working towards Fellowship with the Casualty Actuarial Society, Canadian Institute of Actuaries or equivalent.
• Minimum of 7 years of Property & Casualty ("P&C") actuarial experience including relevant people management experience.

Analytical/Technical Skills:

• Has strong problem-solving skills.
• Skilled at anticipating the results of an analysis or a report.
• Recognized for thoroughness and the quality of their work.
• Shows initiative, creativity and critical thinking in their work.
• Has work experience with MS Excel(VBA) and other programming languages (eg. R/SAS/Python).
• Ability to make good decisions quickly when the situation so requires.

Soft Skills:

• Ability to communicate effectively in English, both verbally and in writing. French is an asset.
• Highly adaptable for having discussions with different stakeholders in terms of expertise, training and hierarchical position.
• Ability to work effectively during periods of stress.
• Ability to collaborate and build positive relationships with team members and business partners.
• Autonomous and perseverant.
• Fosters team spirit and loyalty to the company.
• Motivated by people management and talent development.

Who We Are:

As part of TD Bank Group, one of Canada's largest financial institutions, at TD Insurance, we care for Canadian families, making it easy to get the best advice, protection, and support in their moments of need, always.

TD Insurance offers a wide range of products, including General Insurance and Life and Health. Everyday, we strive to make every interaction, product and experience remarkably human and refreshingly simple for more than four million customers who count on us.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more

Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. 

If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.  

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process 
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation
Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only):

Maîtrise d’une langue autre que le français pour offrir du soutien ou traiter avec des employés ou des collègues qui ont besoin de services et de soutien dans une langue autre que le français.