Original job description
Job Summary (external)
The Actuarial Analyst I supports the Actuarial Services team for the valuation of benefit liabilities, calculation of employer assessment rates, risk analysis, financial forecasting and providing actuarial support for other areas of the organization.
Job Duties
Assists with the collection and preparation of data to support all actuarial functions including the reconciliation and validation of data, comparison of actual experience to expected/prior experience and follow up on any anomalies found.
Supports the design, development, testing, implementation and maintenance of actuarial models, including the actuarial valuation of liabilities, rate setting, financial forecasting and experience studies.
Develops and maintains documentation of actuarial functions, models and data preparation.
Executes routine actuarial modelling procedures, including month end liability models and prepares reports and analysis of the results.
Works with the actuarial services team to develop new applications for the determination of various benefit liabilities and to ensure proper implementation of the data and proper execution of the models.
Prepares liability and data summaries and reports used for funding and financial statement purposes.
Provides analysis used in research, planning, as well as internal and external requests.
Pursues professional and personal development through continuing education and training, literature reviews, workshops, seminars, etc.
Participates In Department-wide And Other Major Projects As Required.
Performs other related duties as assigned.
Qualifications
Completion of a university degree in actuarial science, mathematics or related quantitative discipline, including mandatory courses, from a university accredited by the Canadian Institute of Actuaries.
Actively pursuing Associateship of the Canadian Institute of Actuaries (ACIA) designation.
Well-developed skills in Microsoft software (Word, Excel & Access).
Excellent analytical and mathematical skills
Ability to manipulate, modify, extract and analyze data
Well-developed problem solving skills
Well-developed written and oral communication skills
Ability to organize and prioritize workload
Ability to take initiative and work independently and in a team environment
Strong computer programming skills in VBA and/or SQL would be an asset
Actuarial work experience acquired through a co-op program or summer employment would be an asset
Ability to communicate proficiently in both official languages (English & French) is an asset, but is not required
Essential
Competencies (internal only):
Analysis/Problem Assessment
Quality Orientation/Attention to Detail
Professional/Technical Knowledge
Very Important
Decision Making (Judgement and Problem Solving)
Planning, Organizing and Follow-up
Teamwork/Collaboration
Important
Interpersonal Communication
Integrity
Additional Information (internal)
The WCB recognizes that individuals may face barriers that hinder their full and equal participation in the workplace, and is committed to providing reasonable accommodation to all employees and candidates who are or may be disabled by one or more barriers in the workplace. Accommodations are available on request for candidates taking part in all aspects of the selection process.
You may be asked to demonstrate your ability through competency based interviewing and/or testing.
Screening decisions are based on information outlined in your resumé and cover letter. Your work performance must be satisfactory for your application to be considered. If applying for a term position or out of a term position, please note that article 10.09d of the Collective Agreement may apply.
Additional Information (external)
Salary Range: $60,844 - $78,333
Ability to communicate proficiently in both official languages (English & French) is an asset.
A satisfactory criminal record check and verification of education will be required for the successful candidate.
The WCB is committed to building a skilled, diverse workforce with equitable representation of Indigenous persons, visible minorities, persons with disabilities, women, 2SLGBTQ+ persons and members of other equity-seeking groups. Applicants are encouraged to indicate in their covering letter or resumé if they are a member of these groups.
The WCB recognizes that individuals may face barriers that hinder their full and equal participation in the workplace, and is committed to providing reasonable accommodation to all employees and candidates who are or may be disabled by one or more barriers in the workplace. Accommodations are available on request for candidates taking part in all aspects of the selection process.
The Workers Compensation Board promotes safety and health in Manitoba workplaces and aims to help prevent and reduce the occurrence of workplace injuries and disease. Working with its partners, the WCB promotes safe and healthy workplaces, facilitates recovery and return to work, provides compassionate and supportive compensation services for workers and employers, and ensures responsible financial stewardship.
WCBdoes encompasses what it means to work at the WCB. The WCB is proud to have employee benefits and programs that support financial and personal security, foster health and well-being, encourage involvement and support growth as an individual and member of the WCB community. The four categories of WCBdoes include: Security, Wellness, Engagement and Growth.
Job Summary (internal)
The Actuarial Analyst I supports the Actuarial Services team for the valuation of benefit liabilities, calculation of employer assessment rates, risk analysis, financial forecasting and providing actuarial support for other areas of the organization.
More about this job
Responsibilities
Supports actuarial valuation of benefit liabilities, employer assessment rate calculations, risk analysis, financial forecasting, and actuarial services across the organization. Prepares and validates data, develops and maintains models and documentation, runs routine analyses, and produces reports for funding, financial statements, and other organizational needs.
Requirements
Requires a university degree in actuarial science, mathematics, or a related quantitative discipline, including mandatory courses, from a university accredited by the Canadian Institute of Actuaries, and active pursuit of the ACIA designation. Candidates should have strong analytical, mathematical, data, communication, organizational, and problem-solving skills; proficiency with Microsoft Office is required, while VBA or SQL, actuarial work experience, and English-French proficiency are assets.
Skills
- Actuarial Analysis
- Data Collection And Preparation
- Data Reconciliation And Validation
- Actuarial Modeling
- Liability Valuation
- Rate Setting
- Financial Forecasting
- Experience Studies
- Risk Analysis
- Data Analysis
- Microsoft Excel
- Microsoft Word
- Microsoft Access
- VBA
- SQL
- Problem Solving
Benefits
- Financial Security
- Health And Well-Being Programs
- Employee Engagement Programs
- Professional And Personal Growth Programs
Visa sponsorship
Not detected in the job text
Categories
- Finance & Accounting
- Data & Analytics
- Science & Research
Keywords
- Actuarial Services
- Actuarial Science
- Canadian Institute of Actuaries
- ACIA
- Benefit Liabilities
- Employer Assessment Rates
- Risk Analysis
- Financial Forecasting
- Actuarial Valuation
- Actuarial Models
- Rate Setting
- Experience Studies
- Data Reconciliation
- Data Validation
- Liability Models
- Funding
- Financial Statements
- Microsoft Word
- Microsoft Excel
- Microsoft Access
- VBA
- SQL
- Data Analysis
- Mathematical Analysis
- Insurance
- Workers' Compensation
