Vice President

  • 34496
  • Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Jan 4, 2019
  • Valuation of policy liabilities in line with accepted actuarial practice, provides second line-of-defense oversight on the Participating Funds and Adjustable Policies, including support for the Appointed Actuary in providing annual opinions on fairness.
  • Steers the development of policy under IFRS 17, as it relates to policy liabilities, ensuring approach to policies under IFRS 17 is developed collaboratively with the accounting and regional teams, and is applied consistently across the Company.
  • Leads the development of financial modelling on IFRS 17.
  • Supports the interaction with external stakeholders and industry groups on matters relating to the implementation of IFRS 17.
  • Monitors and contributes to the development of actuarial standards, guidelines and educational notes within the profession.
  • Provides a peer review of experience studies, assumption setting documents and documentation on methodology under IFRS.
  • Ensures consistency of approach across lines-of-business where relevant.
  • Supports the team in conducting internal peer reviews and coordinating the external peer review.
  • Monitors and contributes to the development of actuarial standards, guidelines and educational notes within the profession.
  • Disseminates learnings across lines-of-business where individual lines are conducting work on new analytical techniques; and leads the Corporate Actuarial team in taking on some targeted work in this area where warranted.
  • Maintains guidelines on the determination of policy liabilities & related policies/guidelines.
  • Reviews dividend policy & dividend recommendation for participating funds.
  • Supports the Appointed Actuary in reporting on the fairness to participating policyholders of the dividend policy and proposed dividends.
  • Provide second line-of-defense review, analysis and oversight on the operation of participating funds, and the review of adjustable policies, which supports the process of preparing an opinion on the fairness.
  • Leads the annual review of other participating fund and adjustable policies.
  • Provides an actuarial second line-of-defense review on key initiatives impacting the participating funds.
  • Provides leadership to all direct reporting leaders and team members.
  • Supports their direct reports in managing the plans, and prioritizing activities.
  • Supports individual professional and career development of team members through technical and professional support of the team, as well as support for team members in creating their own development plans.
  • Ensures the team are supported through new regulatory, system and process changes, with both the necessary knowledge and skills.
  • Fellow of the Canadian Institute of Actuaries, and has 10+ years post-qualification experience.
  • Have strong technical actuarial skills with specific experience of valuations or pricing.
  • Can lead and build collaborative partnerships across the global and regional actuarial teams, as well as with other functions.
  • Interested in leading their teams through change.