Actuary Director

AIG Canada has launched careers and developed future leaders for 60 years.

Actuary Director, Canada

Join us as an Actuary & Director to make more of your specialist expertise and experience.

Make your mark inActuary

Our Actuaries are on the front lines, quantifying risk, pricing insurance, and reserving losses for AIG’s major insurance operating companies globally. We collaborate with Finance, Claims, Operations, Marketing, and Risk Management, among other functions. As an AIG actuary, you will be challenged and encouraged to reach your greatest potential to help improve how we predict, manage, and mitigate risk.

How you will create an impact

The Canadian Actuary role is a key position that will lead the actuarial function across Canada. You will work closely with the senior management of the business and claims and head office actuaries:

• Partner with the Chief Actuary to provide quarterly GAAP and local STAT IBNR estimates to the Finance team.
• Complete DVRs and provide recommendations to Canada’s Chief Actuary.
• Assist the local Finance team with IFRS 17 implementation and answer technical questions on interpretation of new accounting standards.
• Ensure appropriate actuarial techniques are employed across the AIG Canada business.
• Work closely with Finance and U.S. actuarial team on quarterly U.S. GAAP and local Canadian Statutory close.
• Assist with completion of Appointed Actuary’s report.
• Review and work with external consultants on the implementation of IFRS-17.
• Assist with the yearly Financial Condition Testing (FCT) and present results to the audit committee.
• Collaborate with North America and International reserving management to develop consistent and efficient processes globally.
• Ensure appropriate controls are in place for the reserving process and support Actuarial audits as well as independent reserve reviews.
• Assist the Enterprise Risk Management team in developing Canada’s Own Risk Self Assessment (ORSA) and determining appropriate capital levels.

What you’ll need to succeed

• Bachelor's degree or equivalent in Mathematics/Actuarial Science.
• Fellow of the Canadian Institute of Actuaries (FCIA) and Casualty Actuarial Society (FCAS).
• 5+ years relevant P&C experience, with a minimum of 2 years post Fellowship.
• Proven proficiency in actuarial concepts/methodologies.
• Thorough understanding of general insurance including underwriting policies, claims handling policies, and local legislation.
• Knowledge of PC and mainframe environments.
• Proven people management and leadership skills.
• Proven ability to educate non-technical managers on technical areas that enhance their decision-making ability.

Ready to make a bigger impact? We look forward to reviewing your application.

The base salary range for this position is $133,000-$180,000 and the position is eligible for a bonus in accordance with the terms of the applicable incentive plan. In addition, we’re proud to offer a range of competitive benefits.

AIG Canada is proud to be named one of Greater Toronto's Top Employers for the seventh year in a row.

At AIG, we value in-person collaboration as a vital part of our culture. This approach helps us work together effectively and create a supportive, connected environment for our team and clients alike.

Enjoy benefits that take care of what matters

At AIG, our people are our greatest asset. We know how important it is to protect and invest in what’s most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing, and financial security—as well as your professional development.

Reimagining insurance to make a bigger difference to the world

American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty, and discover new potential.

Welcome to a culture of inclusion

We’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions, and goals. We foster a culture of inclusion and belonging through learning, cultural awareness activities, and Employee Resource Groups (ERGs). The talent of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.

AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability, or any other legally protected categories.

AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities.

Functional Area: AC - Actuarial AIG Insurance Company of Canada