Actuarial Consultant (RE-06), Property & Casualty Insurance

Important messages

LOCATION:
● Bilingual Imperative (CBC/CBC) Indeterminate position: Toronto based position (Ontario). The successful candidate could work remotely from one of the OSFI offices across Canada; the one closest to their place of residence. Working remotely will require some occasional travel to Toronto.

● English Essential one year term position: Toronto.

Duties

OSFI’s Actuarial Division is seeking two highly motivated individuals to carry out the roles of Actuarial Consultant, P&C Insurance. The successful candidates will provide actuarial advice to teams in OSFI’s Regulation and Supervision Sectors with respect to the actuarial function and the associated risk management activities of P&C insurance companies, including actuarial valuation, financial statement presentation and capital requirements and lead or participate in benchmarking and related projects. The successful candidates will also provide technical actuarial advice in developing assessment criteria which will be used to review future applications for the use of internal models to determine regulatory capital. The successful candidates must be a seasoned professional capable of enhancing and contributing to the division’s efforts to influence P&C insurance practices, including Canadian and international standard setting that affects actuarial and risk management practices.

Intent of the process

This selection process may be used to establish a pool of qualified candidates, which may be used to staff similar or identical positions with various linguistic profiles (English essential, Bilingual Imperative CBC/CBC or CCC/CCC) and/or requirements, security profiles (reliability or secret) and various tenures (term, indeterminate, assignment, acting and deployment), which may vary according to the position being staffed.

Positions to be filled: 2

Information you must provide

Your résumé.

You must meet all essential qualifications in order to be appointed to the position. Other qualifications may be a deciding factor in choosing the person to be appointed. Some essential and other qualifications will be assessed through your application. It is your responsibility to provide appropriate examples that illustrate how you meet each qualification. Failing to do so could result in your application being rejected.

In order to be considered, your application must clearly explain how you meet the following (essential qualifications)

ESSENTIAL EDUCATION
● A university degree or an acceptable combination of education, experience and training.

● Associateship or recent progress towards Associateship of the Canadian Institute of Actuaries, the Casualty Actuarial Society or equivalent designation.

Degree equivalency

ESSENTIAL EXPERIENCE
● Recent and significant experience in the P&C insurance industry.

● Actuarial experience in the valuation of policy liabilities or in critiquing risk management practices in P&C insurance companies.

The following will be applied / assessed at a later date (essential for the job)

Various language requirements
● English Essential (One-Year Term Position)
● Bilingual Imperative (CBC/CBC) (Indeterminate Position)

Information on language requirements

Second Language Writing Skills Self-Assessment
In order to help you decide if you should apply to a bilingual position, an optional self-assessment of your writing skills in your second official language is available for you to take before completing your application.

For more information, please consult:
Unsupervised Internet Test of Second Language Writing Skills

ESSENTIAL KNOWLEDGE
● Extensive knowledge of the P&C insurance industry and applicable regulatory requirements.

ESSENTIAL COMPETENCIES
● Critical Thinking
● Service Orientation
● Collaboration
● Excellent Oral Communication Skills
● Excellent Written Communication Skills

The following may be applied / assessed at a later date (may be needed for the job)

ASSET EDUCATION
● Fellowship of the Canadian Institute of Actuaries, the Casualty Actuarial Society or equivalent designation.

● An MBA, CERA, CA, CGA, CMA, CFA, or other relevant designation focussed on risk management.

Degree equivalency

ASSET EXPERIENCE
● Experience leading or participating in technical committees of the actuarial profession.

● Management level experience within an insurer’s P&C operations or a P&C actuarial consulting firm.

ASSET KNOWLEDGE
● Leading edge knowledge of actuarial science as it applies to P&C modelling, pricing or valuation.

● Expert knowledge of P&C insurance.

● Knowledge of accounting standards, particularly as applied to insurance liabilities.

● Extensive knowledge of CIA standards.

● Knowledge of actuarial and finance models used by the insurance industry and applicable regulatory requirements.

ASSET COMPETENCIES
● Impact & Influence
● Professional Judgment

Organizational Needs: In order to meet the organization’s employment equity objectives in support of a diversified workforce, ‘right fit’ selection for this position may be made from among qualified candidates who self-declare as being Persons with a disability or Aboriginal peoples.

OPERATIONAL REQUIREMENTS
● Travel may be required.

Conditions of employment

Reliability Status security clearance

Other information

Applicants must clearly demonstrate using concrete examples, how they meet the education and experience factors listed under the essential qualifications, as well as any of the asset qualifications that are applicable. Applicants must provide concrete examples that illustrate how they meet the requirement, as well as time lines of when this experience was gained (please indicate month and year).

Internal indeterminate employees of OSFI at the same group and level or equivalent may be considered for deployment or assignment before considering applicants in the advertised appointment process.

Reference checks may be conducted.

Your application may be used to assess written communication.

OSFI is a separate agency with its own classification and compensation system. OSFI's staffing is subject to the Public Service Employment Act (PSEA).

It is the responsibility of the candidate to ensure that accurate contact information is provided and updated as required.

The client organization will accept applications on-line only. All job applications must therefore be submitted through the Public Service Resourcing System. To submit an application on-line, please select the button 'Apply online' below. Persons with disabilities preventing them from applying on-line are asked to contact 1-800-645-5605.

Applicants with disabilities: If you request special accommodation at any stage in the selection process, including technical aid to ensure an equitable assessment of your qualifications, please inform us by sending an e-mail to the following address .

To submit an application online, please click on the button "Apply Online" below.

The Public Service of Canada is committed to building a skilled, diverse workforce reflective of Canadian society. As a result, it promotes employment equity and encourages candidates to indicate voluntarily on their application if they are a woman, an Aboriginal person, a person with a disability or a member of a visible minority group.

The Public Service of Canada is also committed to developing inclusive, barrier-free selection processes and work environments. If contacted in relation to a job opportunity or testing, you should advise the Public Service Commission or the departmental official in a timely fashion of the accommodation measures which must be taken to enable you to be assessed in a fair and equitable manner. Information received relating to accommodation measures will be addressed confidentially.

Preference

Preference will be given to veterans and to Canadian citizens, in that order.

Information on the preference to veterans

We thank all those who apply. Only those selected for further consideration will be contacted.