Export Development Canada

Ottawa, Ontario
This job is no longer available.

Actuarial Associate/Actuarial Analyst & Risk Quantification (Ottawa, Toronto, Mississauga or Brossard office)

Sep 30, 2018
$62,000 - $109,000 + performance-based incentives
Ottawa, Ontario
Entry Level


EDC is Canada's export credit agency, offering information, knowledge and innovative commercial solutions to help Canadian exporters and investors expand their international business. EDC's knowledge and partnerships are used by more than 10,000 Canadian companies and their global customers in up to 200 markets worldwide each year. In 2017, EDC has been recognized as a Top 100 Employer and a Top Family-Friendly Employer.

EDC is financially self-sustaining, and is a recognized leader in financial reporting and economic analysis.

Team & Job Overview

The Credit Risk Modeling team (within the Risk Quantification Group) is looking for a dynamic and motivated Actuarial Associate/Actuarial Analyst to join its growing team of actuarial professionals. The Actuarial Associate/Actuarial Analyst will play a key role in the attainment of the Risk Quantification Team's objectives. The Credit Risk Modeling Team of the Risk Quantification Team is responsible for a wide variety of credit risk modeling activities across all of EDC's product lines. The actuaries on the team provide actuarial support for the financing and guarantees program which includes loans to Corporations, project financing and bank guarantees as well as support for the insurance program which includes credit insurance, contract insurance and bonding, and political risk insurance. The Risk Quantification Team is also responsible for developing and continually enhancing portfolio management tools and related applications for the quantification, monitoring, management and reporting of all financial risks (credit, market, operational, business).

The Actuarial Associate/Actuarial Analyst is responsible for a variety of actuarial calculations relating to reserving, profitability, capital, forecasting, and stress testing. He/she is also responsible for continuing efficiency improvements in the current processes within the team. The analyst will also participate in projects, special assignments and apply actuarial knowledge to complex problems. On a day-to-day basis, the Actuarial Associate/Actuarial Analyst is expected to be able to effectively manage multiple priorities and deadlines with minimal supervision. While also promoting teamwork and when appropriate provide mentoring and guidance to less experienced colleagues.

Key Responsibilities

  • The Actuarial Associate/Actuarial Analyst provides support for a number of activities:
  • Provides support for the quantification of EDC's insurance program premium and claim liabilities including setting of insurance risk parameters such as frequency and severity;
  • Provides support for the quantification of EDC's insurance program financial performance;
  • Provides support for the quantification of EDC's Economic Capital for credit risk (insurance program and financing and guarantees program);
  • Identifies opportunities for process/practice improvements within area of responsibility.


Screening Criteria

  • Undergraduate degree in Actuarial Science or Mathematics or in related field

For Actuarial Associate role:

  • Completed a minimum of 1exam of either the Casualty Actuarial Society (CAS) or the Society of Actuaries (SOA)
  • Minimum 1 year of experience in actuarial analysis and risk management

For Actuarial Analyst role:

  • Completed a minimum of 2 exams of either the Casualty Actuarial Society (CAS) or the Society of Actuaries (SOA)
  • Minimum 2 years of experience in actuarial analysis and risk management
  • Knowledge of actuarial principles and practices
  • Advanced skills in using Microsoft applications such as Excel and Word
  • Willingness to attend training for a period of time (approximately 1-2 months) at head office in Ottawa, as may be required


  • Knowledge of both official languages (French and English)
  • Active pursuit of actuarial designation (FCAS or FSA with a focus on General Insurance or Enterprise Risk Management)
  • Experience in working in a financial services sector
  • Advanced programming skills in data manipulation (VBA, SQL, R, SAS)

Salary range

  • Actuarial Associate: $62,000 – $92,000 + performance-based incentive
  • Actuarial Analyst: $73,000 – $109,000 + performance-based incentive

**Please note that we will consider candidates at the level 1 to level 2 depending on the incumbent's qualifications**

How to apply

Only candidates selected for an interview will be contacted.

Application deadline: September 30, 2018, 11:59 p.m. EST on www.edc.ca/careers

EDC is committed to employment equity and actively encourages applications from women, Aboriginal people, persons with disabilities and visible minorities. If selected for an interview, please advise us if you require special accommodation.

Candidates must meet the requisite government security screening requirements.