Actuarial Senior Associate - Financial Engineering & Modeling

Job Type:  Permanent   Work Model:  Hybrid   Reference code:  127510     Primary Location:  Toronto, ON    All Available Locations:  Toronto, ON; Vancouver, BC   Our Purpose   At Deloitte, we are driven to inspire and help our people, organization, communities, and country to thrive. Our Purpose is to build a better future by accelerating and expanding access to knowledge. Purpose defines who we are and gives us reason to exist as an organization.   By living our Purpose, we will make an impact that matters. Learn from deep subject matter experts through mentoring and on the job coaching Be encouraged to deepen your technical skills…whatever those may be. Have many careers in one Firm. -- Would you like to further develop your career with our exponentially expanding the Risk, Regulatory & Forensics, Financial Engineering & Modeling (FEM) group? Are you up for the challenge to help the most sophisticated Canadian and international clients to solve their quantitative and modelling issues? What will your typical day look like?   As a Senior Associate focusing on Insurance practice in our Financial Engineering & Modelling team, you will:   Conduct independent validations of insurance models (pricing, valuation, asset, LICAT & IFRS 17) in compliance with the Model Risk Policy, standards and guidelines  Identify potential risks embedded in the model design and usage, and provide constructive challenges and recommendations to mitigate model risk Communicate the model validation results to senior leadership and model owners, prepare a Model Validation plan/report that details the validation scope, testing approach, test results, findings and conclusions   While this role focuses on insurance model validation, it is a very dynamic opportunity to work closely with other areas and broaden your horizon. About the team   The Financial Engineering & Modelling team comprises of eminent bunch of subject matter experts from quantitative finance backgrounds working across risk/insurance modelling, valuations, Global Investment Performance Standards (GIPS) related financial sphere.   Working with this team will offer you the opportunity to:   Work in a fast-paced and thought-provoking environment with like-minded people who are experienced and respected in quantitative finance/insurance fields Engage in group works with our team to develop solutions for our clients Develop professional skills needed to advance in your chosen career path Exposure to high-profile clients including banks, insurance firms, funds, credit unions through a variety of engagements Enough about us, let’s talk about you   You are someone who is/has:   A Bachelor’s degree or higher in a quantitative field such as actuarial science, statistics, and mathematical finance, ideally ASA with minimum 3-5 years of relevant experience Strong technical skills including Axis, Excel, and VBA; knowledge of programming is an asset  Ability to work under tight deadlines and with multiple priorities Ability to explain complex actuarial and financial modeling techniques in a simple and concise way Ability to work independently and in cross-functional team settings Demonstrated analytical and problem solving skills Excellent verbal and written skills Pays great attention to details Prior modeling or validation experience Total Rewards The salary range for this position is $75,000 - $113,000, and individuals may be eligible to participate in our bonus program. Deloitte is fair and competitive when it comes to the salaries of our people. We regularly benchmark across a variety of positions, industries, sectors, targets, and levels. Our approach is grounded on recognizing people's unique strengths and contributions and rewarding the value that they deliver. Our Total Rewards Package extends well beyond traditional compensation and benefit programs and is designed to recognize employee contributions, encourage personal wellness, and support firm growth.  Along with a competitive base salary and variable pay opportunities, we offer a wide array of initiatives that differentiate us as a people-first organization. Some representative examples include: $4,000 per year for mental health support benefits, a $1,300 flexible benefit spending account, 38+ days off (including 10 firm-wide closures known as "Deloitte Days"), flexible work arrangements and a hybrid work structure.   Our promise to our people: Deloitte is where potential comes to life.   Be yourself, and more. We are a group of talented people who want to learn, gain experience, and develop skills. Wherever you are in your career, we want you to advance. You shape how we make impact. Diverse perspectives and life experiences make us better. Whoever you are and wherever you’re from, we want you to feel like you belong here. We provide flexible working options to support you and how you can contribute. Be the leader you want to be Some guide teams, some change culture, some build essential expertise. We offer opportunities and experiences that support your continuing growth as a leader. Have as many careers as you want. We are uniquely able to offer you new challenges and roles – and prepare you for them. We bring together people with unique experiences and talents, and we are the place to develop a lasting network of friends, peers, and mentors. The next step is yours   At Deloitte, we are all about doing business inclusively – that starts with having diverse colleagues of all abilities. Deloitte encourages applications from all qualified candidates who represent the full diversity of communities across Canada. This includes, but is not limited to, people with disabilities, candidates from Indigenous communities, and candidates from the Black community in support of living our values, creating a culture of Diversity Equity and Inclusion and our commitment to our AccessAbility Action Plan ,  Reconciliation Action Plan  and the  BlackNorth Initiative . We encourage you to connect with us at accessiblecareers@deloitte.ca if you require an accommodation for the recruitment process (including alternate formats of materials, accessible meeting rooms or other accommodations) or  indigenouscareers@deloitte.ca  for any questions relating to careers for Indigenous peoples at Deloitte (First Nations, Inuit, Métis). By applying to this job you will be assessed against the Deloitte Global Talent Standards. We’ve designed these standards to provide our clients with a consistent and exceptional Deloitte experience globally. Deloitte Canada has 30 offices with representation across most of the country. We acknowledge our offices reside on traditional, treaty and unceded territories as part of Turtle Island and is still home to many First Nations, Métis, and Inuit peoples. We are all Treaty people.