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.


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How you will succeed:

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

  
  


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

  
  


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

  
  


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

  
  


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  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 RiskIntegrity software is an asset


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


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What you need to know:

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

  
  


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  You will be subject to a Criminal Record and Consumer History background check as a condition of employment, in the event you are the successful candidate.

  
  

What's in it for you?

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  Training and development opportunities to grow your career. 

  
  


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  Flexible work options and paid time off to support your personal and family needs. 

  
  


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  A holistic approach to your well-being, with physical and mental health programs and a supportive workplace culture. 

  
  


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  Paid volunteer days to give back to your community. 

  
  


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  In addition to our competitive salary and incentive programs, eligible employees also benefit from a comprehensive total rewards package including group retirement savings plans, pension and benefits (e.g., health and wellness, dental, disability and life coverage), mental health support and an employee assistance program.