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Hours:

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Pay Details:

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

Department Overview

It takes an astute combination of analytical skills, business knowledge and an understanding of human behavior to navigate today's complex risk factors in business – and banking. This is the special expertise of the Actuary professional community at TD.

Actuary roles help us strategically plan our future business success and increasingly, to fulfil specialized functions in areas such as pricing, underwriting, insurance, reinsurance and of course, risk management. We value and customers benefit from the tremendous actuarial talent at the Bank and craft these roles with opportunities for personal and professional growth.

Job Description

The Budgeting and Forecasting team is part of the Corporate Actuarial department.  In the role, the candidate will partake in the main responsibilities of the team, including:

Preparation of Budget and Forecasts

• The responsibility is to provide an estimate of future expected loss ratios for a five-year time horizon using appropriate assumptions and methods. The expected loss ratio is the main component of the Budget/Forecasts and requires a very good understanding of the business, including future changes in terms of product offer and product changes. Expected claims costs must be projected and if not done properly, profit or growth objectives will significantly be impacted. The projection includes an estimate future reserve variations which are used to project investment returns, a projection of future fiscal year claims expenses and is used as the main input to the Financial Condition Testing (FCT)

Reporting

• The responsibility relates to building meaningful reports on actual vs planned premium projections, claims experience on a frequency and severity basis, and monthly financial results that provide insightful information to management that will allow for appropriate decision making

Governance/Miscellaneous

• Implement risk mitigation, risk controls as well as processes, policies and procedures for the team and support the other Corporate Actuarial teams during peak time

Job Requirements

Professional Requirements:

• Bachelor's degree in Actuarial science or other quantitative area of study
• Working towards obtaining Associateship with the Casualty Actuarial Society, Canadian Institute of Actuaries or equivalent

Analytical/technical skills

• Stands out for his/her/their judgment and analytical mind
• Has strong problem-solving skills
• Skilled at anticipating the results of an analysis or a report
• Recognized for his/her/their thoroughness and the quality of his/her/their work
• Shows initiative, creativity and critical thinking in his/her/their work
• Has work experience with MS Excel. Programming skills in VBA or R is an asset

Soft Skills:

• Ability to work effectively during periods of stress
• Ability to collaborate and build positive relationships with business partners
• Autonomous and perseverant
• Ability to communicate well verbally and in writing. Bilingualism (English and French) is an asset for this role

Who We Are:

As part of TD Bank Group, one of Canada's largest financial institutions, at TD Insurance, we care for Canadian families, making it easy to get the best advice, protection, and support in their moments of need, always.

TD Insurance offers a wide range of products, including General Insurance and Life and Health. Everyday, we strive to make every interaction, product and experience remarkably human and refreshingly simple for more than four million customers who count on us.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more

Additional Information:
We’re delighted that you’re considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we’re committed to providing the support our colleagues need to thrive both at work and at home.

Please be advised that this job opportunity is subject to provincial regulation for employment purposes. It is imperative to acknowledge that each province or territory within the jurisdiction of Canada may have its own set of regulations, requirements.

Colleague Development

If you’re interested in a specific career path or are looking to build certain skills, we want to help you succeed. You’ll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. 

If you’re passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.  

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you’ve got everything you need to succeed in your new role.

Interview Process 
We’ll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation
Your accessibility is important to us. Please let us know if you’d like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.

We look forward to hearing from you!

Language Requirement (Quebec only):