Serve as the Appointed Actuary for SCOR Canada and SCOR UK, Canadian Branch. Complete annual actuarial opinion and AAR in accordance with OSFI, AMF, and CIA guidelines. Complete annual FCTs(RX1). Keep abreast of regulatory developments relevant to loss reserves. Liaise with auditors, regulators, peer reviewers, and other regulatory stakeholders; Complete the quarterly and annual reserving processes for all Relevant Entities in all GAAPs with a specific focus on IFRS 17. Produce and present quarterly reserving results to the Americas Chief Reserving Actuary as well as the relevant committees/boards of the Relevant Entities; Collaborate with Underwriting, Claims, Pricing, Capital Modelling, Retrocession, and Risk teams to ensure a robust feedback loop across assigned reserving segments and Relevant Entities; Respond to reserving related queries and foster good working relationships with all relevant supervisory bodies, auditors, peer reviewers, and the like
Requirements:
Qualified actuary (FCIA preferred) with minimum 12 years of relevant non-life insurance work experience, with at least 6 years of experience in the Canadian market; Comprehensive understanding of Canadian (OSFI) regulatory requirements and IFRS17; International insurance experience is a plus
Text:
VP- Head of P&C Reserving, Canada Serve as the Appointed Actuary for SCOR Canada and SCOR UK, Canadian Branch. Complete annual actuarial opinion and AAR in accordance with OSFI, AMF, and CIA guidelines. Complete annual FCTs(RX1). Keep abreast of regulatory developments relevant to loss reserves. Liaise with auditors, regulators, peer reviewers, and other regulatory stakeholders; Complete the quarterly and annual reserving processes for all Relevant Entities in all GAAPs with a specific focus on IFRS 17. Produce and present quarterly reserving results to the Americas Chief Reserving Actuary as well as the relevant committees/boards of the Relevant Entities; Collaborate with Underwriting, Claims, Pricing, Capital Modelling, Retrocession, and Risk teams to ensure a robust feedback loop across assigned reserving segments and Relevant Entities; Respond to reserving related queries and foster good working relationships with all relevant supervisory bodies, auditors, peer reviewers, and the like Qualified actuary (FCIA preferred) with minimum 12 years of relevant non-life insurance work experience, with at least 6 years of experience in the Canadian market; Comprehensive understanding of Canadian (OSFI) regulatory requirements and IFRS17; International insurance experience is a plus
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