BMO Financial Group Actuarial Analyst in Toronto, Ontario
60 Yonge Street
Job Family Group:
Audit, Risk & Compliance
BMO Life Assurance’s Group Retirement Solutions (GRS) business develops and implements de-risking solutions for defined benefit pension plans. To support this growing business, BMO Life Assurance is seeking an Actuarial Analyst to join the pricing team that is responsible for pricing pension risk transfer solutions. The successful candidate will support the pricing of our group annuity products and assist with other miscellaneous projects.
This position is eligible for our Actuarial Student program through which we will provide support (exam study days, study materials and registration fees) for pursuing your actuarial designations.
Accountabilities of this role include:
A. Pricing Support (75%)
Responsible for the accurate and timely delivery of group annuity quotations
Verify pension data, clarify data issues and interpret and model pension plan provisions
Provide analysis of pension plan mortality experience and/or longevity studies
Keeps apprised of applicable new and existing pension legislation
Documenting of pricing procedures and/or other tasks as assigned
B. Special Projects (25%)
Assist in the design, maintenance, and improvement of pricing models
Support the development and design of new products as required
Analyze reinsurance pricing, mortality studies and changes in pricing assumptions
Assist in preparation of group annuity pricing report and internal presentations for management
Analyze inforce mortality and/or other experience
Successful completion of at least 2 SOA exams preferred
Pension administration and/or pension valuation work experience is preferred
Working knowledge of provincial pension and tax legislation
Undergraduate degree in actuarial science, statistics, or other related mathematical discipline
Strong analytical, modeling and attention to details
Willing to work in a fast paced environment and ability to manage multiple assignments
Good communication and team working skills
Strong computer skills, with an emphasis on Microsoft Excel and GGY AXIS
We’re here to help
At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.
As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.
To find out more visit us at https://jobs.bmo.com/ca/en.
BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.
BMO Financial Group Serving customers for 200 years and counting, BMO is a highly diversified financial services provider – the 8th largest bank, by assets, in North America. With total assets of $728 billion as of October 31, 2018, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.We serve Canadian clients through BMO Bank of Montreal®, our personal and commercial banking business, BMO Nesbitt Burns®*, one of Canada's leading wealth management firms, and BMO Capital Markets™, our North American investment and corporate banking division.In the United States, clients are served through BMO Harris Bank, a major U.S. Midwest personal and commercial bank, and BMO Private Bank, with wealth management offices across the United States, as well as BMO Capital Markets™, our North American investment and corporate banking division.We help our customers make money make sense by delivering the broadest range of financial services through a single point of contact. Our financial service professionals provide access to any services our customers require across the entire enterprise.