Senior Manager,Actuarial Insights Job Regina area,Saskatchewan Canada,Finance & Banking

Position: Senior Manager, Actuarial Insights - Life

Company: CLIC
Department:
Life Operations

Employment Type:

Regular Full-Time
Work Model:
Hybrid
Language:
English is required, French is an asset.
Additional Information:
This/these role(s) is/are currently vacant.

The Opportunity:

We are a leading Canadian financial services co-operative committed to being a catalyst for a sustainable and resilient society and our team is essential to deliver on this strategy. That's why we prioritize our people, to ensure we provide a strong culture and development opportunities which enables our team to thrive and to live our purpose. The best part is that you will work with people who care passionately about you, our clients, and our communities.

Reporting into AVP, FP&A(Financial Planning and Analysis), with a dotted-line relationship to the Appointed Actuary. Develop & communicate proactive business actions, in collaboration with peers, to optimize return on capital for Life Operations. Provide comprehensive insights regarding profitability and valuation of CLIC’s products and suggest actionable levers to improve our overall profitability. Develop tools and analysis to ensure key business issues regarding the health of the portfolio are investigated and explainable to support decisions.

Support Finance, Valuation and Pricing and act as a catalyst to ensure insights are acted upon.

How you will create impact:

Build for the future and provide people leadership that fosters accountability; oversee direct reports' development plans

Contribute to developing & executing strategies to attract, mobilize and retain a highly diverse, qualified and engaged team to fulfill current and future business needs

Coordinating with the Actuarial Projections and Finance Decision Support Teams, support the creation of robust CLIC plans that factor capital efficiency as well as broader metrics to deliver value to our member-owners.

Ensure that business plans are monitored and highlight high variations of actual vs plan.

Monitors pricing expectations and valuation assumptions for alignment, and where a misalignment is expected, develop a plan to ensure management’s expectations for the business are met.

Consults on specific business issues, working with cross-functional stakeholders to develop and implement solutions

Monitors and evaluates the drivers of the company’s capital position

Provides recommendations for strategic management of financial resources to maximize efficiency, profitability, and growth by improving liquidity, reducing costs, and ensuring capital is used for the highest return activities.

How you will succeed:

You build trusting relationships and provide feedback to enable the successful development of your team and colleagues.

You foster innovation and continuous improvement with a focus on customer experience.

You facilitate the adoption of change and create a high-performance culture through alignment of your team's work with organizational goals.

You successfully convey messages and demonstrate openness to exploring alternative points of view.

You use critical thinking to guide decision making and apply a strategic mindset to adjust business plans based on shifting priorities.

To join our team:

You have 3-5 years of Actuarial experience.

You have an Actuarial designation, or a graduate degree is an asset.

You have knowledge of CIA standards of practice, accepted actuarial practice, and actuarial valuation methods and principles for life insurance, particularly IFRS 17

You have knowledge of life insurance financial reporting standards, taxation, and the regulatory environment

You have knowledge of regulatory capital frameworks (LICAT)

You have insurance product knowledge for the company and the industry knowledge.

You have strong actuarial modeling expertise. Experience with Moody’s Axis and Risk Integrity software is an asset

You have expert knowledge in Actuarial concepts: capital requirements & solvency ratio (LICAT), valuation, IFRS 17 measurement approaches (PAA, VFA, GMM)

What you need to know:

As a leader, strict confidentiality is required with respect to sensitive matters and employees' personal information.

You will be subject to a Criminal Record and Consumer History…


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