Product & Model Specialist

Permanent Full Time 

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We’re looking for a Product & Model Specialist to join our Non-Participating Insurance (Non-Par) Product Management team in a role at the intersection of insurance product management, data, modelling, and systems. 

This is an exciting opportunity for someone with strong mathematical and technical abilities who is looking for meaningful accountability that directly impacts policyholder outcomes. You’ll build deep expertise across both the technical and product sides of insurance.

What you will do

This role spans three core pillars, offering variety, challenge, and opportunity to build deep technical and product expertise. 

1. Non Par Inforce Management Support

• Own the end to end process for applying interest crediting to Universal Life (UL) investment accounts


• Support regular UL inforce activities, including data collection, validation and analysis


• Provide analytical support on ad hoc projects and investigations across UL, Term, and legacy insurance blocks where data insight is required to support decision-making

2. Insurance Illustration Model Support

• Maintain and enhance complex Excel/Visual Basic (VBA) based insurance illustration models that demonstrate Non-Par and Participating (Par) insurance product mechanics and deliver client-facing output.


• Provide technical support to illustration users, including system access, functionality and user interface


• Work hands on with complex formulas and VBA to improve model robustness and efficiency

3. Ownership of Administration System Calculation Engine

• Take ownership of a core product calculation engine that directly impacts policyholder values and product performance within our policy administration system


• Support, test, and validate calculations related to premiums, dividends, tax exempt testing, and other policy level administration requirements


• Investigate calculation issues, resolve defects, and support new product launches and feature enhancements

What you will bring

• Strong intellectual curiosity — you seek to understand, improve, and strengthen processes, not just execute tasks


• Strong mathematical foundation with demonstrated analytical problem solving skills


• Advanced Excel/VBA experience, including the ability to trace complex formulas, understand calculation logic, and build or modify macros and VBA code


• Exceptional attention to detail and commitment to high-quality output


• Comfort owning processes end to end and taking accountability for outcomes


• Strong communication skills to collaborate across business, technical and investment teams


• Experience in insurance is an asset, particularly with Non Par and/or Par products


• Bachelor’s degree in Business, Finance, Data Analytics, Mathematics, or a related field

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The base salary for this position is between $56,900 - $94,800 annually. This represents base salary only and does not represent other variable compensation components of our total compensation ( i.e. annual bonus, commission etc). If you are selected to move forward in our recruitment process, your recruiter will be able to discuss additional details of our total rewards program with you.

Career opportunities will be open a minimum of 5 business days from the date of posting, closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis.

Grow with Canada Life 

We’re united by a shared purpose: to improve the financial, physical and mental well-being of Canadians. Our company is trusted by 1 in 3 Canadians and contributes to the strength of communities across the country.  

We’re looking for people who live our values everyday: we step up, we do the right thing, and we deliver – for our customers, communities and each other. Are you someone who always strives to do the right thing, who steps up for themselves and others, and who delivers with impact? Then we want to hear from you! 

What we offer:  

We’re committed to supporting our employees through every stage of their career. Here’s what you can expect as a full-time or part-time permanent team member: 

• Career Development: Opportunities for career advancement, access to industry-leading learning programs and up to $2,000 annually towards education reimbursement. 

• Health & Wellness: Flexible health and dental benefits, plus a $5,000 mental health benefit to support your well-being. 

• Time Off: In addition to regular vacation and personal days, we support community involvement with a volunteer day.  

• Financial Security: Company-matching pension plan, share ownership program and additional investment options. 

• Rewards and Recognition: Employee recognition programs, service milestone celebrations, employee discounts and more!  


• Emphasis on Community: We provide a workplace where employees feel connected and supported through Employee Resource Groups (ERGs), mentorship programs, social clubs and events.  

Learn more about Canada Life.  

We’re committed to removing barriers and ensuring equal access to employment. Applicants requiring reasonable accommodation during the application process may contact  [email protected]. All information provided will be handled in accordance with applicable laws and Canada Life policies.  

Canada Life would like to thank all applicants, however only those who qualify for an interview will be contacted. 

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