Actuarial Analyst (RE-04) / Senior Actuarial Analyst (RE-05), Actuarial Division

Important messages

NOTE:
The classification level will be determined based on the depth and breadth of the successful candidate's qualifications, as well as their assessment results.

Duties

RE-04 Actuarial Analyst:
The RE-04 Actuarial Analyst carries out assigned research, analyses and reporting activities on various technical actuarial matters to support the work of the Division.

RE-05 Senior Actuarial Analyst:
The RE-05 Senior Actuarial Analyst provides timely and effective actuarial advice to defined clients in Regulation and Supervision through the analysis of Appointed Actuary (AA) Reports, Dynamic Capital Adequacy Test (DCAT) reports and related peer review for input to risk assessments; reviews reports for completeness and to confirm compliance with CIA standards and OSFI requirements and prepares reports using internal data bases to support the Managing Director and more senior actuaries in identifying issues of concern regarding insurance companies’ risks.

Intent of the process

This selection process may be used to establish a pool of qualified candidates, which could be used to staff similar or identical positions with various linguistic profiles and requirements, security profiles and various tenures.

Positions to be filled: 1

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
RE-04 :
● A university degree with specialization in actuarial science, mathematics, statistics, commerce, business administration, finance, accounting or an acceptable combination of education, experience, and/or training.

RE-05 :
● A university degree with specialization in actuarial science, mathematics, statistics, commerce, business administration, finance, accounting or an acceptable combination of education, experience, and/or training.
● An actuarial student that has, at a minimum, passed three actuarial exams.

Degree equivalency

ESSENTIAL EXPERIENCE
RE-04:
● Recent experience working in the financial services industry* or experience in supervising financially regulated institutions.
*Financial services industry experience is defined as experience working in a financial institution, including banks, professional consultant service firms, insurance companies, pension funds, wealth management firms, and accounting firms (dealing with audits), as well as government departments that directly deal with the supervision and regulation of these institutions.

RE-05:
● Recent experience working in the financial services industry* or experience in supervising financially regulated institutions.
*Financial services industry experience is defined as experience working in a financial institution, including banks, professional consultant service firms, insurance companies, pension funds, wealth management firms, and accounting firms (dealing with audits), as well as government departments that directly deal with the supervision and regulation of these institutions.
● Experience using analytical and modeling techniques to identify industry trends and company risks.

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

English essential

Information on language requirements

ESSENTIAL KNOWLEDGE
RE-04:
● Knowledge of the P&C Insurance Industry.

RE-05:
● Knowledge of the P&C Insurance Industry.
● Knowledge of actuarial science as it applies to P&C modelling, pricing or valuation.

ESSENTIAL COMPETENCIES
● Collaboration
● Critical Thinking
● Results Orientation
● Excellent written communication skills
● Excellent oral communication skills

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

ASSET EDUCATION
RE-04 only:
● An actuarial student that has, at a minimum, passed three actuarial exams.

Degree equivalency

ASSET EXPERIENCE
● Experience preparing DCAT and/or AA reports for compliance with actuarial and OSFI guidance.
● Experience in identifying key risk areas in the operations of P&C insurance companies.
● At least 2 years of working experience in the insurance industry.

RE-04 only:
● Experience using analytical and modeling techniques to identify industry trends and company risks.

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

RE-04 only:
● Knowledge of actuarial science as it applies to P&C modelling, pricing or valuation.

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
● Some travel is 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.