AVP, TD Insurance General Insurance, Corporate Actuarial Valuation

AVP, TD Insurance General Insurance, Corporate Actuarial Valuation

Apply : Remote type Hybrid locations Montréal, Québec, Toronto, Ontario

Time Type : Full time

Posted On : 2 Days Ago

Time Left to Apply : End Date : April 1, 2025 (30+ days left to apply)

Job Requisition ID : R_1397901

Work Location : Montréal, Quebec, Canada

Hours : 37.5

Line of Business : Risk Management

Pay Details : $145,000 - $200,000 CAD

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.

Job Description : Department Overview

TDIGI Corporate Actuarial is accountable for the assessment of policy liabilities according to TDI’s Risk Appetite Statement using accepted actuarial practice and regulatory requirements in Canada.

The valuation team's responsibilities are to ensure the model underlying the calculation of the technical provisions appropriately address the main risk drivers ensuring the appropriateness of methodologies and assumptions made.

Role Overview

This role plays a key part in the delivery of valuation assumptions and oversees the model output and formulations are accurate and reconciled to source data to derive the financial obligations that is booked in the financial statements. The role also oversees all regulatory reporting required of all legal entities of the general insurance companies from an actuarial perspective. This role has accountability to lead, train, and develop a team of Montreal and Toronto-based Actuarial professionals.

Reporting to : VP & Appointed Actuary.

• Lead and develop a robust pipeline of Actuarial talent.
• Ensure compliance with all Actuarial regulatory guidelines.
• Lead the quarterly valuations to determine reserves as well as ensure Loss Component cashflows are appropriate.
• Booking of month-end reserves and report on the Actual vs Expected.
• Lead the quarterly MCT from a corporate actuarial perspective.
• Lead and direct all legal entities Appointed Actuaries Reports (AAR) and supporting documentation.
• Ensure appropriateness for the methodologies / models and underlying assumptions used in the quarterly valuation process, including trends, Expected Loss Ratio, Loss development etc.
• Keep current with the latest Industry practices and trends and propose solutions / enhancements to current methods.
• Responsible for quarterly monitoring and modification of key assumptions over time and measuring impacts of changes.
• Lead regulatory reporting and maintaining relationship with regulatory bodies for the Corporate Actuarial function.
• Ensure necessary governance is adhered to, including all reconciliations / standards (SOX, EUC, Model Validation).
• Lead the contract negotiations with external peer review as well as communication with internal / external audit.
• Challenge / negotiate with external auditors on key assumption differences.
• Review and approve key communications such as those provided to the reserve committee as well as articulate key findings and outcomes of the valuation analysis to executives and loss reserve committee members.
• Lead and influence other key functions with latest trends.
• Collaborate with other teams of potential impacts of various initiatives that would affect data such as tiered reserving.
• Key role in establishing department priorities to optimize tasks efficiency and analysis sophistication.
• Position will deal with multiple Senior Insurance and Risk Executives.
• The AVP Corporate Actuarial Reserving will contribute to the success of the Corporate Actuarial Valuation team by providing direction, support, leadership and appropriate hiring and coaching to the team.

Job Requirements :

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.

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.

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.

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 to help us remove barriers so that you can participate throughout the interview process.

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.

Our Values :

At TD we’re guided by our purpose to enrich the lives of our customers, communities and colleagues, and share a set of values that shape our culture and guide our behavior.

Our Commitment to Diversity, Equity, and Inclusion :

At TD, we’re committed to fostering an environment where all colleagues are encouraged to bring their authentic selves to work, experience equitable opportunities, and feel respected and supported.

Helping to Make an Impact in Communities – TD Ready Commitment :

TD has a long-standing commitment to help drive progress towards a more inclusive and sustainable future.

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