Senior Analyst, Property and Casualty Insurance Capital

Important messages

We are committed to providing an inclusive and barrier-free work environment, starting with the hiring process. If you need to be accommodated during any phase of the evaluation process, please use the Contact information below to request special accommodation. All information received in relation to accommodation will be kept confidential.

Information on accommodation for persons with disabilities

Duties

The Senior Analyst, Property and Casualty Insurance Capital leads the research, development, interpretation and promotion of better understanding with respect to property and casualty insurance regulatory capital policies and guidance for application in Canada and may participates in similar work at an international level as on OSFI representative.

The Senior Analyst, Property and Casualty Insurance Capital has expertise related to i) risks faced by property and casualty insurers and their corresponding measurement ii) the determination of capital requirements standards iii) international developments on capital standards and iv) property and casualty insurance products and markets, complex transactions and their capital treatment, both under the standard and under insurer-specific model-based approaches.

The Senior Analyst, Property and Casualty Insurance Capital is expected to provide specialist support to other divisions/sectors within OSFI to promote a better understanding of capital standards with internal and external stakeholders.

Intent of the process

The immediate need is to staff one position with an English Essential language requirement on an indeterminate basis.

A pool of qualified or partially qualified candidates may be created to staff similar positions with various tenures (indeterminate, term, acting, etc.) and/or security requirements (reliability, secret, etc.) within the Office of the Superintendent of Financial Institutions.

Positions to be filled: 1

Information you must provide

Your résumé.

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

EDUCATION:
- Graduation with a degree* from a recognized university with an acceptable specialization in mathematics, statistics, actuarial science, accounting, business administration, finance, law or similar quantitative discipline OR

- A professional designation relevant to the duties of the position:
-- Actuarial Designation: Fellow of the Canadian Institute of Actuaries or Fellow of the Society of Actuaries (FCIA), or Fellow of the Society of Actuaries (FSA), or
-- Accounting Designation: Certified Public Accountant (CPA) (Chartered Accountant (CA), Certified General Accountant (CGA), Certified Management Accountant (CMA) OR

- An acceptable combination of education, training, and experience.
* The term “degree” refers to a baccalaureate or a higher level degree, as established by educational authorities.

Degree equivalency

EXPERIENCE:
- Significant* and recent** experience in numerical analysis related to issues associated with the financial sector***.
- Experience in developing recommendations and writing correspondence, reports, or briefing notes to senior management**** regarding issues associated with the financial sector***.
- Experience applying research methodology.
- Experience using various data analysis techniques.

* Significant is defined as the breath and complexity of experience that would normally be acquired within 3 years, where the experience was part of the regular work duties of the candidate.
** Recent is defined as within the last 5 years.
*** For the purpose of this selection process, the financial sector includes the banking industry, the insurance industry or the pension plans industry.
****Senior management: depending on the organizational structure, senior management could mean such levels of management as the executive group, director level and above, etc.

If you possess any of the following, your application must also clearly explain how you meet it (other qualifications)

ASSET EDUCATION:
- Graduation with a master’s degree from a recognized post-secondary institution with an acceptable specialization in economics, commerce, business administration, finance, accounting, actuarial science or public administration, or another specialty relevant to the position.
- Graduation with a doctoral degree from a recognized post-secondary institution with an acceptable specialization in economics, commerce, business administration, finance, accounting, actuarial science or public administration, or another specialty relevant to the position.

The courses for the specialization must be acceptable and must have been taken at a recognized post-secondary institution, but not necessarily within a degree program in the required specialization.

Degree equivalency

ASSET EXPERIENCE:
- Experience in conducting analysis on the financial operations of a property and casualty insurance companies AND/OR Experience with the financial operations of property and casualty insurance companies AND/OR Experience in consulting (actuarial or other) experience with the operations of property and casualty insurance companies AND/OR Experience in identifying or managing risks in property and casualty insurance companies or the property and casualty insurance industry.
- Experience in presenting findings from analysis in Excel charts and graphs.
- Experience using advanced features of Excel software to analyse and manipulate large sets of data and complex formula.
- Experience in developing rules to validate complex data.
- Experience in working with a wide range of stakeholders and in representing the positions of an organization.

ASSET KNOWLEDGE:
- Knowledge of risk management techniques used by property and casualty insurers.
- Knowledge of products sold by property and casualty insurance companies.

OPERATIONAL REQUIREMENTS:
- Willingness and ability to work overtime occasionally.

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

English essential

Information on language requirements

KNOWLEDGE:
- Knowledge of the various risks facing Canadian property and casualty insurance companies.
- Knowledge of the current issues related to Canadian property and casualty insurance companies.
- Knowledge of OSFI’s capital framework currently applicable to federally regulated property and casualty insurers.

COMPETENCIES:
- Teamwork and cooperation
- Critical Thinking
- Results Oriented
- Flexibility
- Ability to communicate complex concepts verbally to various audiences.
- Ability to communicate complex concepts effectively in writing.

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

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.

Conditions of employment

CONDITIONS OF EMPLOYMENT:
- Security - Reliability Status
- Willingness and ability to travel within Canada and abroad.

Other information

The Public Service of Canada is committed to building a skilled and diverse workforce that reflects the Canadians we serve. We promote employment equity and encourage you to indicate if you belong to one of the targeted groups when you apply.

Information on employment equity

A written examination will be administered.

An interview will be administered.

Reference checks will be sought.

The ability to communicate effectively in writing will be assessed using the candidate's application, as well as through the evaluation process.

Candidates invited to an interview will be required to bring proof of their education credentials, in the form of a diploma or official transcript (original documents only). Candidates with foreign credentials must provide proof of Canadian equivalency. Consult the Canadian Information Centre for International Credentials for further information at http://www.cicic.ca/.

Candidates must meet all of the essential qualifications to be appointed to a position. A candidate may be appointed to a position even though he/she does not meet any or all of the asset qualifications. However, meeting these criteria is desirable and may be a deciding factor in choosing the person to be appointed.

Depending on the requirements of the position(s) being staffed from this process, for current or future vacancies, any or all of the asset qualifications may be applied at any time during the staffing process, including screening. Candidates may be contacted and assessed against these criteria at any time during this process.

Achieving a representative workforce has been identified as an organizational need and may be applied in this appointment process. If this criterion is used, only those who have indicated that they are members of the specified designated group(s) will be considered.

A top down selection of candidates may be used in the determination of those to be given further consideration in the assessment process.

Persons are entitled to participate in the appointment process in the official language of their choice. Applicants are asked to indicate their preferred official language in their application.

For this selection process, our intention is to communicate with applicants by e-mail (including sending invitations for written tests and interviews). Applicants who apply to this selection process must include in their application a valid e-mail address and make sure this address is functional at all times and accepts messages from unknown users.

All job applications must be submitted through the Government of Canada public service jobs website. Do not email, fax, or mail hard copy documents as these will not be accepted. To submit an application online, please click on the "apply now" button.

If you do not have Internet access in your home or through friends, relatives or neighbours, here are some suggested locations: campus career centers, libraries, community centers, Internet cafés and Services Canada. You may also call 1-800-O-Canada (1-800-622-6232), or TTY 1-800-926-9105, for information on the nearest public Internet access locations.

Persons with a disability preventing them from applying on-line are asked to contact 1-800-645-5605.

Applicants with disabilities: If you require 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: .

OSFI's Ottawa location is downtown with easy access to shopping, restaurants, gyms, financial institutions and more. The building is less than a five minute walk from the Transitway and from the nearest STO stop.

As a Separate Agency, the Office of the Superintendent of Financial Institutions (OSFI) appoints employees in accordance with the Public Service Employment Act (PSEA). OSFI is named in Schedule V of the Financial Administration Act (FAA) and it offers the same pension and benefits plans as the core Federal Public Service. In addition to this, OSFI employees obtain a minimum of 4 weeks of vacation leave per year, earn a competitive salary, and are eligible for an annual performance bonus.

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.