Actuarial Analyst

The position provides actuarial support to all actuarial initiatives for the Workers Compensation Board of Manitoba (WCB); including data analysis, development of assumptions and execution of models.

Job Duties:

Executes the annual rate model process separate from and in parallel with the external actuarial consultants.

Maintains, executes and coordinates the assessment rate model by establishing rate model variables, identifying changes to risk category assignment and validating results. This includes performing program analysis, risk assessment and making recommendations of potential changes to the rate model to leadership.

Executes actuarial models, develops assumptions, validates results, and performs data analysis as a part of the annual valuation, budget/projections, studies/projects and any other actuarial initiatives.

Prepares and validates employer and claim data to be used in rate calculations including the annual calculation of employer assessment rates.

Provides actuarial analysis to support other areas related to employer assessment rates (e.g. Prevention, Finance, IT). This includes responding to routine rate enquires/requests from internal and external stakeholders.

Provides actuarial support to the benefit liability model including data validation, review of assumptions and modification of models.

Cross checks valuation work and provides peer reviews on actuarial matters.

Develops and maintains department procedures for rate model, etc.

Pursues professional and personal development through continuing education and training, literature reviews, workshops, seminars, etc.

Performs other related duties as assigned.

Qualifications:

Four (4) year university degree in actuarial science, mathematics or related quantitative discipline

Successful completion of at least 3 Society of Actuaries (SOA) exams and all Validation by Educational Experience (VEE) requirements and working towards a Fellow of the Society of Actuaries (FCIA) designation

Minimum of three (3) years actuarial experience

Good working knowledge and proficiency with MS Access and SQL

Ability to use a personal computer and software (MS Word, Excel) in a Windows environment

Excellent analytical and mathematical skills

Ability to manipulate, modify, extract and analyze database information

Well-developed problem solving skills with the ability to take initiative

Ability to communicate effectively both verbally and in writing

Ability to organize and prioritize workload

Ability to work independently and in a team environment

Strong computer programming skills would be an asset

Additional Information:

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, LGBTTSQ+ 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.

About WCB:
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.