Business Segment: Capital North America Life & Health
Location(s): Canada ; Ontario; Toronto
About Us: GE is the world’s Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. Through our people, leadership development, services, technology and scale, GE delivers better outcomes for global customers by speaking the language of industry.
Role Summary: This positon will be a key part of an actuarial team that is responsible for valuation, experience studies, long- and short-term projections, and other various initiatives for a closed block of life, disability and critical illness reinsurance, for a Canadian branch operation that is owned by a US reinsurer.
Essential Responsibilities: Independent application of advanced actuarial techniques to insurance and reinsurance.
Develop models, prepare studies, and review experience analyses of various product parameters for insurance products.
Prepare and analyze projections for future product performance used in various corporate analyses.
Develop, maintain, and run reserving models and explain the actuarial results of quarterly and annual financial reporting.
Provide analysis of results for insurance and reinsurance business.
Prepare and review actuarial elements of Annual Statements for Insurance legal entities.
Support operations team in review of data. Understand, analyze, and reconcile actuarial inputs and outputs.
Document and peer review processes, corresponding justification, and alternatives for methodologies.
Communicate review and analysis results to all levels of internal and external actuaries.
Maintain current capital filing requirements and interpret and analyze emerging LICAT/LIMAT rules and their impact to the business.
Qualifications/Requirements: Bachelor degree in Mathematics, Statistics, Actuarial Science or related field.
Active credentialed membership in Society of Actuaries or Canadian Institute of Actuaries.
Working knowledge of Microsoft Office applications, particularly Excel, Access and PowerPoint.
Five (5) or more years of life or health actuarial experience.
Strong technical knowledge of reserving requirements.
Strong knowledge of Canadian regulatory valuation requirements for quarterly and annual reporting to OSFI.
Experience with performing various aspects of DCAT analysis.
Knowledge of MCCSR/TAAM calculations and associated reporting.
Adept at various aspects of the GGY AXIS modeling software and processes.
Knowledge of the Canadian Appointed Actuary report.
Proven ability to learn quickly, and to apply known concepts to new situations.
Able to effectively and concisely communicate written, visual and verbal messages.
Ability to translate technical information to a non-technical audience.
Ability to analyze complex actuarial processes accurately using fact-based analysis.
Working knowledge of valuation/projection software and processes.
Demonstrated ability to work efficiently and accurately with large data sets.
Familiarity with preparation of insurance annual statement exhibits and filings.
Strong time management and organizational skills, ability to manage multiple tasks and work within time constraints.
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