Company: CRC Group

Location: Toronto, ON

Expected salary:

Job date: Sat, 23 Nov 2024 03:56:20 GMT

Job description: The position is described below. If you want to apply, click the Apply button at the top or bottom of this page. You’ll be required to create an account or sign in to an existing one.If you have a disability and need assistance with the application, you can request a reasonable accommodation. Send an email to (accommodation requests only; other inquiries won’t receive a response).Regular or Temporary: TemporaryLanguage Fluency: English (Required)Work Shift: 1st Shift (Canada)Please review the following job description: The Actuarial Analyst Intern reports to the Actuarial Manager, Financial Solutions in the Life Reinsurance Division. The incumbent will have a balanced mandate of both modelling and technical support accountabilities. Responsibilities to include supporting the enhancement of Moody’s AXIS models, assisting in the modelling of mortality projections, and helping to build and test an experience studies system.Principal AccountabilitiesMoody’s AXIS Modeling

• Update and maintain AXIS models with assumption changes and model enhancements
• Assist in building new models for the purpose of Pricing, Cashflow Testing, or Inforce Production

Experience Analysis

• Data analysis for historical lapse studies
• Data analysis for historical mortality studies
• Projection of historical mortality to estimate future mortality improvement (bilinear regression modeling)

Data Quality Review

• Reconciliation and evaluation of data within databases
• Coordinate with external systems to integrate outputs/inputs of AXIS with databases

Potential Ad Hoc Requests:

• Automation of tasks within Excel and other statistical/data manipulations tasks not mentioned
• Assist with various group reinsurance projects.

Position RequirementsEducation

• Enrolled in an accredited Actuarial Science or similar program with actuarial exam experience
• Completion of at least three years is preferred
• Completion of at least two SOA exams preferred

Knowledge

• Understanding of Insurance Products
• Understanding of Reinsurance would be an asset
• Understanding of Life Contingencies is an asset
• Understanding of Linear Regression is an asset
• High-level knowledge of insurance, reinsurance or life contingencies is preferred

Skills

• Strong analytical and problem-solving skills
• Good communication skills (oral and written)
• A self-starter with strong collaboration skills who can work over MS teams and other remote technology effectively
• Proficient in MS-Office tools, especially MS-Excel
• Experience with Moody’s AXIS preferred
• Experience in either R, Python or other mathematical/statistical programming languages would be an asset

Previous Experience

• Previous co-op or summer work term(s) preferred

General Description of Available Benefits for Eligible Employees of TIH Insurance: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of TIH Insurance offering the position. TIH offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on TIH’s generous benefit plans, please visit . Depending on the position and division, this job may also be eligible for TIH’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.CRC supports a diverse workforce and is an Equal Opportunity Employer that does not discriminate against individuals on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status or other classification protected by law. CRC is a Drug Free Workplace.