The Director, Actuarial Modelling leads BMO Insurance’s actuarial modelling function, providing expertise and advisory support for the development, maintenance, governance, and validation of actuarial models that support valuation, financial reporting, capital management, regulatory reporting, and strategic decision‑making. The role manages a team of actuarial modellers and drives initiatives related to new products, model enhancements, and updates to actuarial methodology and assumptions.ResponsibilitiesManage and staff a team of actuarial modellers, ensuring appropriate experience and purpose‑built structure.Create and maintain governance frameworks, controls, and separation of duties for modelling activities.Build and maintain open communication lines with key stakeholders including Valuation & Financial Reporting, Pricing, Capital & Inforce Management, Model Risk Management, Reinsurance, External Auditors, Internal Auditors, and Enterprise Model Risk.Direct and execute modelling initiatives related to new model builds, new products, model enhancements, and actuarial assumption and methodology updates, ensuring timely delivery.Develop independent spreadsheet validation tools to aid staff in understanding cash‑flow engines and business dynamics.Research and implement improvements driven by emerging technology and AI.Foster a culture aligned with BMO purpose, values and strategy, role‑modeling BMO values and behaviours.Promote diversity and inclusion through alignment of values, behaviours, and workplace culture.Set inspirational goals, define clear outcomes,



and ensure accountability for follow‑through.Build interdependent teams that collaborate across functional groups to create maximum value for stakeholders.Attract, retain, and develop top talent, recognising high performance, coaching employees, and managing under‑performance.Provide strategic input into business decisions as a trusted advisor and recommend recent initiatives to senior leaders.Serve as subject‑matter expert on relevant regulations, policies, and industry best practices.Recommend metrics, timelines, and reports for senior leaders to assess safety and soundness of the insurance business.Develop business cases, identify needs, analyse options, and evaluate return on investment.Define business requirements for analytics & reporting to inform decisions.Analyze data and information to provide insights and recommendations on strategic problems.Lead operational programs, assess and adapt execution quality as needed.Act as primary contact for vendors, supporting implementation, maintenance, and sustainment of solutions.Oversee design, development,



and implementation of tools and training to achieve business results.Focus on complex product insurance products such as Universal Life.Assist with calculations required by the Appointed Actuary.Review and validate model outputs that form the basis for the Appointed Actuary’s opinion, including annual solvency reports and quarterly regulatory capital calculations.Prepare issues for presentation to the Appointed Actuary for sign‑off.Apply expertise to address unique or ambiguous situations, finding creative solutions.Implement changes in response to shifting trends and broader accountabilities as needed.Qualifications7+ years of relevant experience and a post‑secondary degree in a related field (or equivalent education and experience).FSA/FCIA designation.8+ years of professional actuarial experience.Expertise in actuarial modelling and product knowledge of Traditional, Term, and Universal Life products.Strong knowledge of systems such as AXIS, Excel, and Access.Excellent verbal and written communication, analytical and problem‑solving, influence, and collaboration skills.Ability to manage ambiguity and make data‑driven decisions.Salary $94,600.00 – $176,000.00 (Salaried). Salaries vary by location, skills, experience, education, and may include commission or performance incentives. Commission roles are prorated based on hours worked.Benefits BMO offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. Additional incentives include discretionary bonuses and performance‑based rewards.#J-18808-Ljbffr

📌 Director, Actuarial Modelling - $94,600 - $176,000 A Year (Toronto)
🏢 BMO Insurance
📍 Toronto