Michael Mc Dermid
About Michael Mc Dermid
Michael McDermid is a Senior Manager in Corporate Actuarial at TD Insurance, where he has worked since 2017. He specializes in improving efficiency in complex Excel processes and has a background in internal audit and actuarial valuation from notable companies such as Sun Life Financial and Deloitte.
Current Role at TD Insurance
Michael Mc Dermid serves as the Senior Manager of Corporate Actuarial at TD Insurance, a position he has held since 2017. He works at the company's office located at 320 Front Street West, Toronto, Ontario. In this role, he specializes in re-engineering complex Excel processes to enhance efficiency and control. He has managed enhancement initiatives specifically for the US Life Adjustable CALM segments, demonstrating his focus on improving operational processes within the organization.
Previous Experience at Sun Life Financial
Before joining TD Insurance, Michael Mc Dermid worked at Sun Life Financial as the Director of Internal Audit from 2015 to 2017. During his two years in this role, based in the Toronto, Canada Area, he contributed to the internal audit processes, ensuring compliance and operational effectiveness within the organization.
Background in Actuarial Science
Michael Mc Dermid studied at the University of Manitoba, where he earned both a Bachelor of Science and a Master of Science in Math and Actuarial Math from 1995 to 2000. His educational background has provided him with a strong foundation in mathematical principles and actuarial practices, which he applies in his professional roles.
Career History at Deloitte and John Hancock
Michael Mc Dermid has extensive experience in the actuarial field, having worked at Deloitte as a Manager from 2000 to 2007 in the Greater Minneapolis-St. Paul Area. He later held the position of Manager for CALM Valuation at John Hancock Life Insurance Company (U.S.A.) from 2010 to 2015. These roles contributed to his expertise in actuarial processes and valuation methodologies.
Client Liaison and Communication Skills
In his current role at TD Insurance, Michael Mc Dermid liaises with key clients, including those in US Life Valuation, Corporate, Asset Liability Management (ALM), investments, and audit. He has developed strong communication skills, allowing him to effectively present complex actuarial concepts to both actuarial and non-actuarial audiences.