Title:  Manager, Actuarial Services

Requisition ID: 205023

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

As the Manager, Actuarial Services, you will contribute to the success of the Insurance Canada division, ensuring specific goals, plans and initiatives are delivered in support of the team’s valuation and reporting requirements. You will also ensure all activities conducted comply with governing regulations, internal policies and procedures.

Is this role right for you? In this role, you will:

• Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge

• Support the Actuarial function and IFRS17 valuation by working with our offshore Reinsurance Subsidiary to help deliver local regulatory requirements relating to valuation and capital

• Partner with our offshore Reinsurance Subsidiary and Appointed Actuary to help determine dividend payments

• Support the annual Experience Studies and Assumption updates

• Assist in automating and building tools for reconciliation and testing for IFRS17 models, and helping implement and test model enhancements

• Assist in developing and enhancing business projection models

• Support detailed documentation of modeling related items

• Understand how the Bank’s risk appetite and risk culture should be considered in day-to-day activities and decisions

• Champion a high-performance environment and contribute to an inclusive work environment

Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have:

• Completed or are in the process of writing Actuarial exams with SOA or CIA

• Experience with IFRS17 valuation and reporting, particularity with PAA and GMM products

• Advanced technical proficiency in Excel, Moody’s AXIS and Risk Integrity software; PowerBi is an asset

• Experience working with databases and data manipulation

• The ability to effectively collaborate and communicate with key stakeholders

• Experience with insurance product analysis including lapse and mortality studies is an asset

• Interest in challenging the status quo by proposing optimization solutions for the IFRS17 valuation process and recommending industry best practices

Location(s):  Canada : Ontario : Toronto 

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.  

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.