Actuarial Senior Associate - Financial Engineering & Modeling

Would you like to further develop your career with our exponentially expanding the Risk, Regulatory & Forensics, Financial Engineering & Modelling (FEM) group? Are you up for the challenge to help the most sophisticated Canadian and international clients to solve their quantitative and modelling issues?

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.

The Financial Engineering & Modelling team comprises of eminent bunch of subject matter experts from Quantitative Finance background 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

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 relevent 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

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.