Job Description

About Facility Association

Facility Association ensures the availability of automobile insurance to owners, lessees and licensed drivers of motor vehicles who are eligible. We are an unincorporated non-profit association of insurers. FA operates in Ontario, Alberta, Newfoundland and Labrador, New Brunswick, Nova Scotia, Prince Edward Island, Yukon, Nunavut, and Northwest Territories. Every insurer licensed to write automobile liability insurance in these jurisdictions is a member of Facility Association. The affairs and business of FA is managed and controlled by a Board of Directors with authority Canada-wide. The President and CEO is responsible for the day-to-day operations of the organization and management of staff.

Additional information in relation to Facility Association is available on its website:

About The Role

The FA actuarial team offers opportunities to work collaboratively in valuation, pricing and data analytics, and to work with stakeholders in the claims, underwriting and finance departments, as well as our member companies and external stakeholders. This specific role focuses on valuation (reserving), with future opportunities for rotation to different departments as well as opportunities to work on cross-functional projects.

Duties and Responsibilities:

• Contribute to analyses using actuarial data, (reserve valuation, financial projections, financial reporting, ad-hoc analysis, etc.), disclose relevant assumptions, observations and conclusions to the appropriate stakeholders within the established timelines.
• Maintain and improve actuarial databases and queries; reconcile data, identify data issues and propose actions to correct them.

• Create and update reports and exhibits on key business metrics to support decision-making, management reporting and communications with internal and external stakeholders.
• Conduct valuation analyses of claims liabilities and work with the valuation actuary to select appropriate IBNR provisions, payment patterns and loss ratio projections at a reserving segment level.
• Apply critical thinking skills to solve problems, enhance work processes, and translate the impact of real-world issues into numerical models.
• Maintain documentation and risk controls throughout the actuarial processes.
• Develop presentation and/or communication materials for member committees, internal stakeholders, rating agencies, regulatory and industry presentations.

IBC