Actuary Jobs

FSRA is guided by our vision of financial safety, fairness and choice for Ontarians. We achieve this by public service through dynamic, principles-based and outcomes-focused regulation. FSRA is committed to attracting and retaining exceptional people who bring energy, expertise, and experience. This includes providing a comprehensive total rewards package that looks beyond compensation and takes into consideration those things that are important to employees:

• Flexibility with a hybrid work model in an office designed for collaboration
• Promoting wellness and fostering an inclusive environment where all employees feel valued and respected
• Competitive benefits plan, including a Defined Benefit pension plan
• High employee engagement scores with opportunity for growth, learning and development
• Culture of giving back to our communities through charitable activities

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PURPOSE OF POSITION

As a member of the Pensions Team, you will provide actuarial expertise and leadership in the assessment, monitoring and solutions on significant financial risk inherent in pension plans.

KEY RESPONSIBILITIES:

• Acting as a consultant and advisor on complex issues and during the enforcement action process; acting as an expert witness at legal hearings.
• Leading and/or conducting projects related to the development, analysis and implementation of actuarial and investment policies, procedures, processes, and systems.
• Conducting, reviewing, and analyzing large, complex and/or high-profile pension plan submissions to determine and assess compliance with legislation and regulations, FSRA policies and procedures and actuarial standards.
• Negotiating with pension plan administrators/actuaries to achieve voluntary compliance.
• Providing senior level expertise in the development and implementation of the risk and compliance program, including related processes, procedures, and standards.

QUALIFICATIONS:

Specialized Knowledge And Experience

• Mandatory – Fellow of the Canadian Institute of Actuaries (FCIA)
• Demonstrated knowledge of actuarial theory, principles, and practices, including professional standards, valuation methods, and techniques related to pension plans to conduct actuarial reviews of large, complex, and high-profile pension plans and to evaluate pension plan risk exposure.
• Proven knowledge of, and skills in the design and management of pension plans and investment of pension funds.
• Demonstrated knowledge of risk management principles and practices to evaluate pension plan sustainability risks, and of current pension plan issues and trends to advise senior management on pension regulatory matters.

Skills

• Demonstrated communication, presentation, and consultation skills to provide expert technical advice and make recommendations to senior management on actuarial issues and risk mitigation strategies; to explain/discuss actuarial reviews/opinions and to facilitate regulatory activity with diverse groups of pension stakeholders.
• Proven skills to interpret and advise on the application and development of new legislation, regulations, and policies from an actuarial perspective.
• Proven written communication skills to prepare project plans and actuarial and investment analytical and assessment reports.
• Proven project management and leadership skills to lead the risk and compliance program and related projects.

Job Posting End Date:

08/31/2023

Job postings close at 11:59pm on the date noted.

Compensation Grade:

Grade 07-AMAPCEO

Compensation Range:

$80,595.00

$117,142.00

Bargaining Unit:

AMAPCEO

Job Code:

Job Code: 7A001F

Employment Type:

Regular

Scheduled Weekly Hours:

0

FSRA is committed to ensuring equity in employment. Our goal is to create a diverse, inclusive workforce that reflects the communities we serve and to ensure our services and communications are accessible to all individuals. Accommodation is available under the Ontario Human Rights Code.

NOTE: ONLY QUALIFIED CANDIDATES WILL BE CONSIDERED