HOOPP Jobs 2022 | Actuarial Advisor Career Careers Opportunity at HOOPP Careers Portal In Toronto, Ontario

HOOPP Jobs | Actuarial Advisor Career Career Opportunity at HOOPP Careers Web-page. HOOPP Toronto, Ontario Jobs . Find-out Toronto, Ontario Government Jobs for freshers. Toronto Entry Level Jobs In Ontario. Get latest job Opportunity in Canadian Government. Canadian Government Jobs in Toronto, Ontario. Get All Hiring Updates From hoopp.com

Notification Out From HOOPP Careers Portal, Candidates Those Are Searching For Career Opportunities In HOOPP, Can Apply For Jobs In HOOPP For The Position Of Actuarial Advisor Career. Read Out Full Job Description About This HOOPP Recruitment Described Below. But Before You First Confirm That Your Profile Matches With Recruiters Defined Eligibility Criteria.

HOOPP Jobs | Actuarial Advisor Career Careers Opportunity In Toronto, Ontario

HOOPP Opened Hiring On Their Official Careers Portal, Job Seekers Who Are Eligible And Interested To Work With HOOPP As A Actuarial Advisor Career, Now They Can Apply For HOOPP Jobs. This Is Great Career Opportunity For Those Candidates Who Are Looking For A Employment Opportunity On HOOPP Careers Portal. Candidates Need Experience From Relevant Field And Required Qualification. Selected Candidates Will Get A Pay Of Around $ 84,152.00 per year. HOOPP Jobs In Toronto, Ontario.

Briefed Details Of HOOPP Jobs For Position Of Actuarial Advisor Career

Recruiting Agency / Department :- HOOPP


Job Location :- Jobs In Toronto, Ontario

Jobs Type :- HOOPP Jobs Canada

Salary :- $ 84,152.00 per year

Apply Through:- hoopp.com

HOOPP Jobs In Ontario, Canada Full Job Description

The Healthcare of Ontario Pension Plan (HOOPP) is a defined benefit (BD) pension plan that is dedicated to providing a secure retirement income to more than 300,000 members in Ontario’s healthcare sector. More than 500 employers across the province offer HOOPP to their employees. The Plan Operations Division is responsible for providing service to members in order to deliver on HOOPP’s pension promise.

Reporting to the AVP, Operations Support – Actuarial Services, the Actuarial Advisor is a key member of the overall (internal and external) actuarial team for HOOPP. Supporting the mandate of the Operations Support and Actuarial Services area, the Actuarial Advisor position advises on calculation accuracy and conformity to the Plan including communications review and systems testing as required. The role requires technical expertise to perform in-house actuarial functions and is responsible for the maintenance, analysis and integrity of member data for valuation purposes and strategic initiatives.

From time to time the role will require communication, training, integration and coordination with other areas of Operations Support (such as Data, Policy, Cyclical Processes and Operational Controls), Plan Services & Production Development, Client Services, and IT Pension Solutions Group. The Actuarial Advisor will provide assistance with certain benefit costings in support of proposed Plan changes and Plan design.

The role is also responsible for external monitoring, such as economic changes, changes in CIA standards and pension legislation and resulting recommendations. The incumbent provides technical actuarial support and training to HOOPP staff as required in helping to promote an understanding of the interrelationships between the Plan and the Fund. The Actuarial Advisor also liaises with outside vendors on various projects and serves as back-up and/or manages certain projects on behalf of the Actuarial Services area.

Why you’ll love working here:

  • Open concept office designed to facilitate communication and collaboration
  • Business casual dress code
  • World class Defined Benefit pension
  • 100% company paid Extended Health and Dental benefits
  • Annual wellness program for reimbursement of health & wellness related expenses
  • On-site fitness, yoga and meditation classes as well as massage therapy
  • You’re making an impact and helping to deliver on our Pension Promise

What you will do:

  • Acting as a resource to HOOPP staff in actuarial matters, the Actuarial Advisor is primarily responsible for conducting in-house actuarial functions which include forecasting, sensitivity analysis, liability estimation, experience analysis, and working with an asset-liability model:
    • Develop actuarial recommendations on funding strategies, risk management, and Plan management.
    • Support with actuarial valuations, Plan design, funding requirements, Board reporting, advocacy efforts, investment issues, gain & loss analysis, and forecasting.
    • Manage actuarial rates and actuarial extracts including buyback assumption for all of Plan Operations
    • Use actuarial tools and processes to prepare membership data for actuarial valuation and Plan design purposes, trending analysis and an overall data integrity framework.
    • Calculate and process identified calculation exception transactions and known calculation errors.
    • Specify and manage calculation and QRM related system checks (Calculation and QRM QAMS
  • Assist in the preparation of internally produced actuarial materials for Board and Committee meetings and support the Plan’s actuarial advisors in the preparation of Board and Committee presentations, including the annual actuarial valuation report.
  • Review and assess actuarial assumptions and methods used by the Plan’s actuarial advisors, in consideration of HOOPP’s funding, design and pricing objectives.
  • Ensure actuarial accuracy of all Plan publications & communication materials including, but not limited to, client communications, HOOPP’s Annual Report, the Plan Text, individual letters, external presentations.
  • Develop an Actuarial Support Data Base for all actuarial assumptions and analysis or procedures to determine assumptions and develop and maintain with the assistance of Plan Operations Training area content for all assumptions (actuarial and administrative) on iKnow.
  • Ensure negotiations of new portability agreements with other pension plans (e.g., individual reciprocal transfer agreements, group integration/de-integration past service transfer agreements) are actuarially sound and aligned to HOOPP policies and objectives. This would include issues such as pricing, surplus/deficit management, intergenerational equity, CIA standards, regulatory issues, portability agreements and valuation assumptions and methods.
  • Monitor and analyse economic environment, peer plans, industry trends and Canadian Institute of Actuaries (CIA) standards, as appropriate, in order to assess potential impact on HOOPP and recommend changes to administrative practices and procedures.
  • Maintain and distribute content as required on current industry knowledge through topical literature, seminars & conferences, and ongoing information exchanges with staff, Plan advisors, industry professionals, regulators/legislators, and other pension plans.
  • Represent the section/division on internal committees as appropriate.
  • Apply deep actuarial knowledge and expertise to provide guidance, direction and support to team members. Provide management to the team by mentoring, coaching, development, and providing direction.
  • Collaborate with other divisions of the organization, including executive management to provide direction, advice and recommendations for improvements/resolution on Plan provisions, administrative policy, legislative and issues that fall outside set policies and procedures, and difficult, unusual or precedent-setting cases.

What you bring:

  • University degree, majoring in actuarial science, statistics or mathematics.
  • Associate of the Society of Actuaries (ASA) designation or demonstrated equivalent education/experience.
  • 7+ years of experience in the actuarial area of the pension industry.
  • Sound knowledge of Canadian pension legislation, actuarial standards, valuation methods, actuarial techniques. Proven ability to grasp extremely complex concepts, develop actuarial formulae. Demonstrated expertise in actuarial programming, analysis and reporting is a must.
  • Expertise in managing large data sets through Microsoft Excel and Access and familiarity with a data warehouse would be an asset.
  • Proven communications skills (both written and oral), including the ability to explain extremely technical and highly complex mathematical concepts in lay terms and the ability to prepare Board reports.
  • As part of a small team, demonstrated ability to deal with a multiplicity of tasks, set priorities and manage timelines/budgets with minimal supervision.
  • Strong project management, including the ability to manage external vendors.
  • Sound judgement; thorough and logical.
  • Familiarity with economic and demographic experience studies and asset-liability modelling and forecasting would be an asset.

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