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Foresters Financial · 1 week ago

Actuarial Assistant, Business Quality Review (up to 15 month contract)

Toronto, Ontario, Canada

Full-time, Contract

Hybrid

Entry Level

$55K/yr - $77K/yr

1+ years exp

Foresters Financial is seeking an Actuarial Assistant to support the management of the Business Quality Review process. The role involves analyzing data to identify areas of improvement in business quality and delivering insights to stakeholders to support critical business decisions.

Financial ServicesInsurance

Responsibilities

Analyze and synthesize data from the current Producer Activity Monitor (PAM) “Red flags” database and other various alert reports to identify poor quality business, practices, and instances of inappropriate agent behavior

Manage the business quality of the inforce block of business

Manage reporting to ensure transparent communication of issues, decisions, actions, accountabilities, escalations and resolutions

Coordinate information from various stakeholders on indicators of potentially inappropriate agent behavior including complaints, requests for investigation, suspicious business activity, questionable selling practices, lack of training etc

Prepare and analyze the monthly Business Quality Review scorecard to identify areas of business in need of improvement

Manage front-end guards and processes which proactively identify potential business quality concerns

Work with key stakeholders to expand the PAM database to improve its predictive value

Quantify the benefit of preventive actions taken and estimate the value of visible preemptive actions on future agent practices

Leverage tools such as Power BI to design and maintain interactive dashboards to monitor business quality trends and risk indicators

Support month-end and quarter-end reporting, ensuring timely and accurate delivery of metrics and insights to leadership

Collaborate with actuarial teams on experience studies, business quality analysis, and other cross-functional projects

Demonstrate willingness to learn and expand product knowledge to support evolving business needs

Qualification

Data analyticsActuarial SciencePower BILife insurance knowledgeAnalytical skillsCommunication skillsProblem solvingInterpersonal skills

Required

University degree in Actuarial Science, Math, Business or related discipline

1-3 years experience in data analytics in a life insurance/financial services organization

Excellent organizational and interpersonal skills and high degree of independence and initiative

Strong analytical and technical data mining skills

Effective verbal and report writing communication skills

Demonstrated strong problem solving and analytical skills

Ability to work effectively with multiple stakeholders and influence without direct authority

minimum two (2) days a week required onsite

Preferred

Life insurance and annuity product knowledge preferred

Benefits

Discretionary variable incentive plan

Company

Foresters Financial

Glassdoor3.4

Foresters Financial is redefining the life insurance and individual savings industry across the U.S., Canada and UK by enriching the lives, communities, and overall well-being of its members.

Founded in 1874

Buffalo, New York, USA

1001-5000 employees