Associate, Actuarial Services

OMERS
CA - Ontario - Old Toronto
November 11, 2024
Financial

Referred applicants should NOT apply directly to this role.

All referred applicants must first be submitted through Workday by a current OMERS and Oxford employee, and then must apply through the unique link received via their email.

Choose a workplace that empowers your impact.

Join a global workplace where employees thrive.
One that embraces diversity of thought, expertise and experience.
A place where you can personalize your employee journey to be - and deliver - your best.

We are a purpose-driven, dynamic and sustainable pension plan.
An industry-leading global investor with teams in Toronto, London, New York, Singapore, Sydney, and other major cities across North America and Europe.
We embody the values of our 600,000+ members, placing their best interests at the heart of everything we do.

Join us to accelerate your growth & development, prioritize wellness, build connections, and support the communities we live and work.

Don't just work anywhere - come build tomorrow together with us.

Reporting to the Director, Actuarial Services, the Associate provides technical actuarial and strategic support pertaining to the OMERS pension plans.
The Associate assists in delivering and expanding in-house actuarial capabilities, working primarily with the Strategy & Actuarial team but may also work with specialists, analysts, and managers in other business units (primarily the Pensions, Corporate Finance, and Risk teams).

RESPONSIBILITIES:

The Associate supports all Actuarial Services functions, including:

Prepare or review benefit calculations that require actuarial or subject matter support by the Pensions team.
Prepare, organize, and interpret membership data files for actuarial valuation purposes.
Use internal actuarial valuation system (ProVal) to generate results for use in the annual funding valuation, projection valuation, and other valuation costing scenarios as required.
Prepare reports and/or presentation materials for senior management and for the AC and SC Boards.
Collaborate with the Finance team on actuarial forecasts and the Risk team on risk metric calculations.
Assist the Strategy & Actuarial team with technical and analytical activities such as:

Trend and sensitivity analyses (e.g., CV discount rates, inflation trends);
Benefit provision utilization analyses;
Actuarial studies (e.g., experience study, contribution rate review); and
Actuarial regulatory disclosures.

Assist with development and testing of systems (especially actuarial modules) and analytical tools, as required, to maintain top-tier delivery of in-house actuarial services.
Use a working knowledge of the OMERS pension plan texts and relevant administration practices to raise, triage, or resolve issues.
Assist with the review of accuracy and completeness of publications, communication materials, and financial statements.
Use knowledge of regulatory/policy changes relating to the OMERS pension plans, new OMERS initiatives and products, as well as trends in the actuarial profession and pension industry to help keep OMERS informed, up-to-date, and compliant.
Ensure compliance with privacy and internal records management policies and guidelines.

QUALIFICATIONS:

University degree (preference for a major in actuarial science, statistics, or mathematics).
Demonstrated progress towards attainment of Associateship/Fellowship of the Canadian Institute of Actuaries is strongly preferred.
Two to five years of pension or financial industry work experience.
Knowledge of Canadian pension legislation.
Highly analytical abilities with a mathematical aptitude and a proven understanding of actuarial principles, statistical concepts, and interest theory.
A client-service attitude, team spirit, and strong two-way communication and presentation skills.
Ability to establish and maintain effective working relationships.
Strong organizational skills with the ability to manage own workload, delivering accurate work, with an attention to detail, in a timely manner.
Always aware to document steps taken to complete work.
Ability and desire to identify and implement process enhancements or automate tasks to ensure activities are completed in an efficient, value-added manner.
An ongoing desire to learn.
A strong aptitude for technology.

Proficient use of Excel and PowerPoint and their charting capabilities.
A working knowledge of Word, data management tools (e.g., Power Pivot, Power Query), data visualization tools (e.g., Power BI), programming languages VBA, Python, and R, and actuarial valuation software (e.g., ProVal) is strongly preferred.

As one of Canada's largest defined benefit pension plans, our people-first culture is at its best when our workforce reflects the communities we live and work - and the members we proudly serve.

From hire to retire, we are an equal opportunity employer committed to an inclusive, barrier-free recruitment and selection process that extends all the way through your employee experience.
This sense of belonging and connection is cultivated up, down, and across our global organization thanks to our vast network of Employee Resource Groups with executive leader sponsorship, our Purpose@Work committee, and employee recognition programs.

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Read the full job description and apply online on the recuiter's web-site

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