The Toronto APL Special Interest Group - APL Skills Database P.O. Box 55, Adelaide Street Post Office, Toronto, Ontario, M5C 2H8 email: info@torontoapl.org or apl_jobs@acm.org website: http://www.torontoapl.org =================================================================== January 2002 1. Sun Life, Toronto 2. GE Financial Assurance, Richmond VA 3. CNA Life, Chicago IL 4. agent, Richardson TX 5. Sun Life Financial, Wellesley Hills MA 6. agent, Denver CO 7. Transamerica Life, Toronto 8. Manulife Financial, Toronto 9. WinTech, Greenwich, CT =================================================================== 1. Sun Life, Toronto Actuarial Analyst (TOR-2337) Location: Toronto,ON Industry: Financial Company URL: http://www.sunlife.ca Date Posted: Jan 8, 2002 Contact E-mail: hr@sunlife.com Job Requirements: The incumbent will complete the Research and Developmental functions for Group Retirement Service's products, particularly annuity products. This will involve: - periodic review and up-dating of actuarial assumptions used in annuity pricing. This requires an annual mortality study and expense investigation. Compliance with S.S.B.F.P. is essential. - maintaining existing software or developing new software used in the Section - for example, an APL quotation programme or Excel programmes. - supporting GRS Systems and Client Services in the design and development of new support systems for annuities - for example, providing specs and testing of a quotation programme for their systems, tax calculations, etc. - supporting the Variable Payout Annuity product, which requires the completion of a mortality study and pricing quotes for a large, closed block of annuitants, annually. - providing support to staff, as required, in the pricing of Accumulation Plans. Qualifications: - actuarial student actively writing the SOA exams - ability to communicate clearly verbally and in writing - team focus - motivation to improve existing processes =================================================================== 2. GE Financial Assurance, Richmond VA US-VA-Richmond-Associate Actuary Part Time Perform Variable Universal Life and Interest Sensitive Life Valuation. Partner with Product Development to provide regulatory filings and reserve demonstrations for new products. Write reserve valuation specs to add new products, such as VUL and GMDB riders, to Total Life Commercial Valuation Software. Assist in SI, SII, Op Plan forecasting for Interest Sensitive Life and VUL Products. * 3-6 years of experience with Financial Reporting and/or Product Development in a Life Insurance company, preferably with "wealth accumulation products" * 4 Year degree in Mathematics, Business or related technical field * Demonstrated ability to use programming tools such as APL, Visual Basic, or FORTRAN in modelling * Strong analytical skills in solving product/financial/actuarial problems * Strong oral and written communication skills *Variable Life/Annuity exp. and working knowledge of MS Office, Outlook, Word, Excel and PowerPoint *Experience with integrated projection tools, such as PTS or TAS, in a life insurance/annuity environment To apply for this position, please e-mail (as an MS Word or text attachment) a chronologically ordered resume, and a cover letter explaining how your skills align with the requirements of the position to: opportunities@gecareers.com. Copy and paste the following source code in the subject line of the email: GEFA/267775/WB472. Resumes not received in this format may be rejected. Additional Information Salary: USD 45,000.00 to USD 100,000.00 per year Position Type: Part Time, Employee Ref Code: GEFA/267775/WB472 Contact Information GE Financial Assurance opportunities@gecareers.com General Electric VA =================================================================== 3. CNA Life, Chicago IL US-IL-CHICAGO-ACTUARIAL ANALYST CNA Life provides financial protection to individuals through a full product line of term life, universal life, long term care, annuities and other products. CNA Life provides retirement services to institutions in the form of various investment products and administrative services. CNA Life works with a wide range of distributors, including managing general agencies, insurance consultants, and CNA Life Sales Offices. Experience Set (Must have each of the following): · Experience with Microsoft Office products · Working knowledge of at least one, and preferably two, of the following life company product categories from either a valuation, product development, or modeling perspective: 1. Traditional life insurance (individual or group, par and/or non-par) 2. Interest-sensitive life insurance (UL, etc.) 3. Single and flexible premium deferred annuities 4. Group pension products (GICs, SPGAs, IPGs, etc.) 5. LTC / LTD (individual and/or group) · Understanding of basic concepts of at least one other of above product categories · Successfully passed two or more SOA exams to-date (new syllabus) and planning to continue Flexible Skill/Experience Set (Should have at least two of the following in any combination): · Experience proficiency with database software and/or Visual Basic / APL programming / IBM mainframe programming · Working knowledge of one of the following liability/asset categories from either a valuation, product development, or modeling perspective: 1. Variable products 2. Life reinsurance 3. Investments including fixed income assets 4. Any large P/C product group · Understands basic concepts of three of the above liability/asset categories · Successfully passed at least CFA 1 or is an EA or CPA or owns a securities license · Direct project familiarity with eithor ALFA or PTS · Direct project familiarity with eithor TAS, AXIS, or other sophisticated internal company or consulting firm system. · Team player · Self-starter · Strong verbal & written communications · Technical competence · Attentive to details yet able to retain 'big picture' perspective · Ability to meet deadlines Position Responsibilities - ALM Risk Modeling Student Build, maintain, and adapt models for variety of ALM projects including but not limited to cash flow testing, risk modeling, crediting strategy optimization, duration analysis, and capital allocation. Regular reporting of results to appropriate audiences. Requires direct interaction with product units to learn products and develop models which accurately reflect development and management strategies. Other: This position affords the individual interested in financial actuarial work the opportunity to be part of an organization with strong financial expertise and the potential for exposure to a large variety of insurance products, both individual and group. Career development includes the chance to learn from experienced financial actuaries, and be part of a growing and successful CNA Life organization. Listed duties, responsibilities, requirements and functions are not meant to be all inclusive. One of the many advantages of working at CNA is the exceptional benefit program which includes: medical, dental, vision, Savings and Accumulation Plan (S-CAP) with company contributions, prescription drug plan, flexible spending accounts, sick and disability benefits, life, tuition reimbursement, customer based hours, a professional casual dress code, and an Employee Assistance Program (EAP). CNA is an Equal Opportunity Employer committed to a diverse work culture, M/F/D/V. For more information on CNA, please visit our web site at www.cna.com E-mail responses must be in ASCII text, no attachments please. Please include the reference code on all responses. All resumes will be scanned, stored in our on-line resume database, and will be evaluated as appropriate. Additional Information Position Type: Full Time Ref Code: 2001-1578M Contact Information kathryn.kramer@cna.com CNA CNA PLAZA CHICAGO IL 60685 =================================================================== 4. agent, Richardson TX US-TX-Richardson-Lead Actuarial Systems Analyst BASIC FUNCTION: This position is responsible for the planning, development, analysis and implementation of procedures and/or processes to design a sequence of steps for processing data by a computer. The incumbent will apply knowledge of programming techniques and computer systems to evaluate request for new or modified programs, systems or databases to determine feasibility, resource requirements, compatibility with current systems, and computer capabilities; locating and correcting program errors; testing, enhancing, maintaining and documenting the coded instructions for a variety of programs and systems; and may plan or direct the modification of programs to process data and solve data, database, system or report problems. REQUIRED SKILLS: 1. Bachelor’s Degree in Business Administration or Science with a concentration in Computer Science or related discipline. 2. A Minimum of four years of information technology experience working on mainframe systems. 3. A Minimum of four years experience with relational database technology. 4. A minimum of four years experience e in a job requiring analysis with healthcare information data analysis 5. A minimum of four years experience with SQL, Access, APL or other relational database systems tools. 6. A minimum of four years experience in system development and programming. 7. Effective verbal and written communication skills. 8. Strong planning and organizational skills. 9. Must have strong interpersonal skills and be a team player. Additional Information Salary: USD 45,000.00 to USD 59,000.00 per year Will NOT go any higher than 59K Position Type: Full Time, Employee Contact Information Kristy Greene kmgreene@primesearch.com =================================================================== 5. Sun Life Financial, Wellesley Hills MA US-MA-Wellesley Hills, MA-Valuation Actuary - Group Insurance Division Position Summary: This position reports to the Assistant Vice President, Group Actuarial. The successful candidate will manage the valuation and actuarial financial reporting activities of the Group Division. Position Responsibilities: 1 - Oversee the development, implementation and documentation of valuation assumptions for all reserve bases; CAS, NAIC, GAAP and Tax. 2 - Ensure the accurate and timely calculation of monthly reserves for all group products. 3 - Support DCAT and Embedded Value calculations. 4 - Support the development of financial forecasts. 5 - Oversee the completion of all quarterly and year-end regulatory reporting of actuarial items. 6 - Assist the Investment Division in implementing effective asset/liability matching for group products. 7 - Respond to internal and external audits on behalf of the Division. 8 - Maintain and improve computer models and associated system infrastructure that supports valuation activities. 9 - Conduct financial analyses of the profitability of specific group products as requested. 10 - Supervise staff of two actuarial students. Position Requirements: 1 - Fellowship in the Society of Actuaries and Member of the American Academy of Actuaries. 2 - Computer literate - Microsoft Office, APL a plus but not required, ability to comprehend system flows. 3 - Strong verbal and written communication skills. 4 - Ability to independently direct projects and support staff within the scope of the position. 5 - Valuation and/or group product experience a plus. Additional Information Position Type: Full Time, Employee Ref Code: i1/0091/2212 Contact Information Lori Bastoni lori.bastoni@sunlife.com Sun Life Financial =================================================================== 6. agent, Denver CO US-CO-Denver-Reporting Analyst EnvestnetPMC provides managed account solutions on an internet-based platform for independent financial advisors. We combine premier investment management with best-of-class technology to help advisors deliver sophisticated investment plans with unprecedented speed and flexibility. The Reporting Analyst is responsible for one or more programs with a large number of client accounts and corresponding reports. This position involves start-to-finish oversight of various resources to ensure a timely report delivery. Responsibilities include the following: create and maintain composite accounts; review account performance calculations, identify discrepancies and work with the Accounting department for resolution; load, maintain and query databases; run performance reports and do a detailed check of figures and graphs; print, ship and bind reports; review manager performance and prepare data and analysis for Investment department; and, support clients, consultants and client services regarding performance reporting issues. Skills/Background Required: · BS Accounting or Finance preferred. · Detail orientated. · Strong computer skills. Knowledge of APL, Visual Basic and SQL a plus. · Excellent organizational skills. · Good working knowledge of financial terms and portfolio accounting terminology. · Ability to work independently. · Ability to work well under pressure and in a deadline-driven environment. · Flexibility in work schedule. We offer a complete benefits package, including stock options, and an exciting, state-of-the-art work environment. If you’re a self-motivated team player and want to be part of a new organization that’s focused on meeting the needs of independent financial advisors, we’d like to hear from you. Please email your resume, cover letter and salary requirements to jmbsearch@aol.com. Additional Information Position Type: Full Time Ref Code: RA Denver =================================================================== 7. Transamerica Life, Toronto Actuarial Assistant Location: Scarborough,ON; Toronto,ON Job Category: Financial, Insurance Industry: Financial Company URL: http://www.transamerica.com Number Of Positions: 1 Date Posted: Jan 11, 2002 Transamerica Life Canada is the market leader in the sale of individual life insurance and segregated funds. Through a national network of 18,000 Independent Advisors, Transamerica helps Canadians meet their financial goals and preserve their wealth through innovative financial products and services. Transamerica Life Canada is a member of the AEGON Group, one of the world’s largest insurers. AEGON N.V. and Transamerica Life Canada have consistently received strong financial ratings from Standard and Poor’s, Fitch and A.M. Best Company. As of December 31, 2000, Transamerica Life Canada earned more than $570 million in life insurance premium income and recorded over $8 billion in total assets under management. Join a dynamic and entrepreneurial work force comprised of over 900 employees across Canada. Transamerica offers a competitive compensation package and benefits. Become part of our growing financial-services organization, where you can contribute to building a premiere wealth management company. Primary Responsibilities: - Provide actuarial expertise on special requests from other departments - Assist with the valuation of annuity and/or seg funds - Compile data for various industry surveys - Maintain valuation programs - Assist with various month end reporting requirements - interaction with other departments such as financial reporting and marketing actuarial Qualifications: - Completion of at least two parts towards accreditation in the Society of Actuaries - Excellent problem solving and analytical skills - Excellent written and verbal communication skills - Knowledge of Microsoft Word and Excel - Knowledge of AXIS, APL, and SQL - Previous exposure to various aspects of a corporate department =================================================================== 8. Manulife Financial, Toronto Category: Financial Industry: Insurance - Life Company URL: http://www.manulife.com/careers Year(s) of Experience: 2 Date Posted: Jan 2, 2002 Intermediate Asset Liability Analyst – 0100525 Manulife Financial is a leading Canadian-based financial services company operating in 15 countries and territories worldwide. Through its extensive network of employees, agents and distribution partners, Manulife Financial offers clients a diverse range of financial protection products and wealth management services. Funds under management by Manulife Financial (Manulife Financial Corporation and its affiliated companies) were Cdn$134.6 billion as at September 30, 2001. Manulife Financial Corporation trades as ‘MFC’ on the TSE, NYSE and PSE, and under ‘0945’ on the SEHK. Manulife Financial can be found on the Internet at www.manulife.com. This position is responsible for the production and preliminary analysis of various hedge, risk, and asset performance reports. The position is also responsible for developing new reports and procedures aimed at measuring and analyzing new risks as well as streamlining current ones. RESPONSIBILITIES: * Produce and analyse ALM risk position, investment direction, and investment gains reports * Assist in developing spreadsheets/reports to measure and analyse new risks * Develop and automate new processes to improve reconciliation of cash items and asset cash flows * Streamline and automate current processes to reduce processing time and improve integrity of reports * Assist in implementing strategies for identifying and resolving problems * Ensure new spreadsheets/processes are properly documented Qualifications REQUIREMENTS: * Strong analytical and problem solving skills * Excellent knowledge of fixed income investments * Excellent accounting skills * Good knowledge of derivatives such as swaps(interest rate and equity), futures, and forwards * Understands insurance products * Expert knowledge of Excel and working knowledge of Visual Basic * Good working knowledge of Bloomberg * Proactive and anticipates/answers questions/problems before they arise * Excellent interpersonal and communication skills * Ability to meet tight deadlines and handle multiple tasks * College or University graduate with a business, actuarial, math, or statistics major * Minimum 2 years working experience One or more of the following: * Passed Level II of the CFA program * Completed or nearing completion of an accounting program HELPFUL: * Previous working experience in an ALM area * Actuarial or investment related experience * Knowledge of AXIS, APL, TSO, and SAS Additional Information Position Title Finance and Accounting Opening January 2, 2002 Location CA-ON-*Toronto-200 Bloor Street Closing January 18, 2002 Organization Finance and Actuarial Schedule Full Time Employment Type: Regular =================================================================== 9. WinTech, Greenwich, CT APL Programmer / Analyst WinTech has a full time position available for a junior to intermediate level APL programmer. Proficiency in APL, preferably APL*Win, is required. A strong mathematics aptitude and experience with relational database products and web technologies would be a significant benefit. The position will support R&D on ProVal as well as the development of several new products. This is an excellent opportunity for an enthusiastic programmer to learn, contribute and grow by joining our tight-knit team of top-notch APLers who are dedicated to writing high-quality, maintainable code and pushing the envelope of APL's capabilities. WinTech's lead product, ProVal, a comprehensive projection and valuation system for managing pension plans is used by hundreds of actuaries and non-actuaries across the country. WinTech has been developing actuarial software and counseling employers in employee benefit finance matters for the past 25 years. We are located in Greenwich, Connecticut. Interested persons should either call Jim Spaide at (203) 861-5530 or email their resume to him at jspaide@winklevoss.com. =================================================================== Notes ===== This employment information is part of the Toronto APL SIG APL Skills Database. This text contains job descriptions which have been forwarded to us from companies seeking APL-skilled personnel, or have been gathered from other sources and Internet job posting sites. Note that some overlap may exist in these job descriptions. The Toronto APL SIG does not attempt to represent, explain or in any way favour any of these companies. We do not have any further information about these positions other than what appears here. It is your responsibility, having now been informed that the following positions may be available, to contact these employers yourself for the jobs that are of interest. 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