Scientific and Professional Category
The work at this level is performed by employees who are completing the examination
program administered by one of the actuarial associations recognized by
the Canadian Institute of Actuaries to attain the status of Fellow of the Canadian
Institute of Actuaries. The duties of positions at this level are usually directly
related to the subject-matter, knowledge and actuarial skills acquired by completing
each of the examinations in the program of the Society of Actuaries. Typical duties are
Conducts examinations of policy valuations of life insurance companies
pursuant to the Canadian and British and the Foreign Insurance Companies Acts
and in relation to the Income Tax Regulations to assess the validity of the
evaluations and the adequacy of the actuarial reserves maintained by the
Reviews guaranteed cash surrender values to ensure compliance of reserves
with valuation provisions of the Canadian and British and the Foreign
Insurance Companies Acts.
Analyses insurance, annuity and non-cancelable accident and sickness
contracts issued by insurance companies and fraternal benefit societies, and
corresponds with companies and societies to recommend revisions.
Reviews actuarial reports on the business of fraternal benefit societies and
on the non-cancelable accident and sickness business of insurance companies,
and prepares a summary and analysis of such reports.
Investigates applications from life insurance companies for approval of
valuation mortality rates and valuation interest rates by the
Superintendent, and recommends courses of action.
May direct any of the above activities and/or correspond with companies and
societies regarding problems and possible solutions.
Reviews and analyses proposals to amend the Unemployment Insurance
Act, regulations or procedures. Drafts reports and supporting narrati