Director, Group Actuarial Financial Management

At Equitable Life of Canada, we realize that your work life is not just about performing a job; it's about being part of a workplace that helps you grow and reach your full potential. Within our friendly and collaborative work environment, we recognize that the key to our growth and success is a dedicated, motivated and customer-responsive staff. Join Equitable Life today.
Position Title: Director, Group Actuarial Financial Management
Reports To: VP, Group Actuary
Department: Group Actuarial
Term: Permanent Full-Time
Work Arrangements: We are currently working remotely, and we will be moving to a hybrid model when our office renovation is complete (approximately September 2023), coming into the office a minimum of 2 days per week, every other week on designated days.
The Opportunity: Equitable Life is growing! We are looking for a Director, Group Actuarial Financial Management to join our Group Actuarial team!
This position plays a role in driving the growth and profitability of the Group Life and Health line of business by contributing to the financial management, actuarial valuation and assumption review functions for the division.
Now is an exciting time to join one of the Waterloo Region’s Top Employers for 2023!
What you will be doing:
Participate in the operational plan development and analyze and report on financial results

• Monitor experience and recommend corrective actions, where required, to attain results
• Analyze and report on quarterly financial results
• Responsible for the financial plan projections and contribute to the development of the operational plan for the division
• Ensuring the sound interpretation and application of actuarial theories and techniques
• Work with the IFRS17 reporting team to produce quarterly valuation and financial analysis

Assumption review and updates

• Review and recommend changes to existing standardized reporting and new reporting to better identify risks or opportunities to Group’s growth and profitability
• Provide oversight to the Actuary, Group experience monitoring and assumptions, responsible for experience monitoring and assumption reviews to address emerging experience trends and market changes and support new product initiatives.

New initiatives

• Work with the IFRS17 reporting team to update valuation models for new product initiatives
• Responsible for the implementation, review and reporting for drug cost management initiatives

Reinsurance

• Manage reinsurance arrangements and monitor their execution to achieve growth and profitability goals

What you will bring:

• Ability to coach and mentor staff in both their professional and leadership development, including 4 direct reports
• Extensive knowledge of all aspects of the Group Life and Health business including Actuarial methods and Underwriting practices
• Strong collaboration, communication and interpersonal skills
• Require degree in Mathematics or equivalent and completion of FSA, FCIA requirements
• Minimum 5 years insurance experience, including experience in Group
• Require technical competence in Excel and other actuarial tools
• Strong analytical, organizational and project management skills

What’s in it for you:

• A healthy work-life balance with employee wellness top of mind
• An additional paid volunteer day each year so you can spend time giving back to the community
• A company subsidized cafeteria with a variety of daily options
• Tuition support and specialized program assistance
• Regular EQ Together events focused on company togetherness and collaboration
• Immediate enrollment in the company’s pension program with employer matching
• Employee resource groups that support an inclusive work environment
• Annual bonus program, annual vacation allowance, and company-paid benefits program
• Discounts on company products and services, and access to exclusive employee perks

As part of the recruitment/offer process you will be required to:

• Provide two professional references (minimum one supervisor and above)

To learn more about Equitable Life, we encourage you to explore our organization.
At Equitable Life, we are committed to providing equal access to employment opportunities across our organization. Please contact our HR team at [email protected] if you would like to receive our job postings in an alternative format or require an accommodation with the application process.
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