Actuarial Consultant (RE-06), Actuarial Division

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

OSFI’s Actuarial Division is seeking a highly motivated individual to carry out the role of Actuarial Consultant. The successful candidate will provide actuarial advice to teams in OSFI’s Regulation and Supervision Sectors with respect to risks within life insurers, actuarial valuation, financial statement presentation and capital requirements. The successful candidate must be an actuarial professional capable of participating in the division’s efforts in examining actuarial and risk management practices, both in Canada and internationally.

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.

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.
● Fellowship of the Canadian Institute of Actuaries or equivalent designation.

Degree equivalency

ESSENTIAL EXPERIENCE
● Recent and significant experience working in the life insurance industry.
● Actuarial experience in risk management practices and identifying key risk areas in the operations of life insurance companies.

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

English essential

Information on language requirements

ESSENTIAL KNOWLEDGE
● Knowledge of the life insurance industry.
● Knowledge of regulatory requirements.
● Knowledge of actuarial science.

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

Degree equivalency

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

ASSET KNOWLEDGE
● Knowledge of asset/liability management.
● Knowledge of IFRS 17 standards.

ASSET COMPETENCIES
● Impact & Influence
● Innovation
● Working as a Team

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 out-of-town travel may be required.

Conditions of employment

Reliability Status security clearance

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

For this selection process, it is our intention to communicate with candidates via email. Candidates must include a valid email address in their application. It is the candidate’s responsibility to ensure accurate information is provided and updated as required. As a result you must update your personal information on your Public Service Resourcing System profile if it changes.

RESUMES:
Applicants must clearly demonstrate using sufficient details, how they meet the education and experience factors listed under the essential qualifications, as well as any of the asset qualifications that are applicable, including timelines of when this experience was gained (please indicate month and year). Lack of DETAILS may result in your application being rejected as the Assessment Board may have insufficient information to determine whether you meet the qualifications.

SCREENING QUESTIONS (if applicable):
It is the responsibility of the candidate to clearly outline that they meet each of the screening criteria (i.e. Education and Experience Qualifications, both Essential and Assets) by RESPONDING TO THE SCREENING QUESTIONS IN THE ONLINE APPLICATION. Please note that it is not sufficient to only state that the requirement is met or to provide a listing of current responsibilities, rather the candidate must provide concrete examples that illustrate how they meet the requirement. Your resume will be used to validate the answers provided; therefore, it should also contain sufficient details regarding your education and experience.

REFERENCE CHECKS/PERFORMANCE REVIEWS:
As part of the assessment, reference checks may be sought and internal candidates to OSFI may be required to submit their performance reviews. For internal candidates, the Assessment Committee reserves the right to contact references other than those provided by the candidate (within the Public Service ONLY), in order to adequately assess the candidates. This may include the candidates’ current or past managers.

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).

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.

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 .

FOR INTERNAL PROCESSES ONLY:
Once the appointment process is finalized, you will be notified of the results. Notifications related to this selection process, will be posted on the Public Service Resourcing System.

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.