Manager, Valuation


As the Manager, Valuation, you will perform all aspects of the Corporation’s actuarial valuation function, including policy liability valuation, financial condition tests and claims forecasting including variance analysis. You will also be responsible for the daily operations of the department, setting the departmental direction, and providing daily operational leadership to the actuarial staff.



  • Create, implement and maintain valuation methodologies for all lines of business:
    • o Identify and acquire the requisite information;
    • o Provide and document assumptions, data and techniques;
    • o Ensure that methodology conforms with the principle and standards of practice of the Casualty Actuarial Society (CAS) and the Canadian Institute of Actuaries (CIA); and,
    • o Provide reserve change recommendations to Management and the Executive.
    • o Enhance the reserving methodologies based on the latest methods and trends in actuarial science.
    • o Indepth claims forecasting and quarterly review of variance.
    • o Responsible for completing board and cabinet submissions, reports and presentations to Management Committee or the Board, and prepare internal and external audit reviews and responses, as required.
  • Provide consultative analytical support to all clients in the corporation requiring advice and assistance, ensuring that methodologies utilized conforms with principles and standards of practice of the CAS and CIA.
  • Provide advice and recommendations to Management, Senior Management and Executive on matters related to the valuation.
  • Responsible for the activities of a manager, including management of the departmental budget, participation in planning and budgeting for special projects and improvement initiatives.



  • University degree in Mathematics, Statistics or Actuarial Science. 
  • Fellow of the Canadian Institute of Actuaries.
  • Fellow of the Casualty Actuarial Society
  • Minimum seven years progressive experience in the casualty insurance industry, including 5 years of experience in valuation. 
  • Supervisor experience considered an asset.
  • In-depth knowledge of actuarial principles and associated tools and methodology.
  • Proven capabilities in research, analysis, and a demonstrated ability to interpret and synthesize complex data.
  • Proven abilities in developing innovative solutions to complex problems.
  • Experience in delivery of projects under tight time constraints.
  • Superior oral and written communication skills, with demonstrated ability to clearly convey complex information in a concise and straightforward manner.
  • Working knowledge of business computer applications and PC skills for basic document preparation and statistical/financial/cost benefit analysis.

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