Director Individual Actuarial Production

  • 35062
  • Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Apr 16, 2019
Insurance
RESPONSIBILITIES
  • Develop and present the annual Business Plan and budget across all individual life and health products.
  • Analyze impacts of Actuarial Assumption changes across all Individual lines of business.
  • Interpretation and application of sound actuarial theories and techniques.
  • Ensure products are profitable and actuarially sound.
  • Provide support to the Life Administration and Underwriting teams including reinsurance structure on complex in-force policy issues.
  • Ensure calculation and rate integrity of the inforce illustration systems.
  • Apply proper tax-exempt test processes for all in-force policies and recommend needed modifications.
  • Recommend inforce product initiatives to address emerging experience trends.
  • Provide pricing support and approval recommendations to leadership on special cases, including profitability and risk analysis of large cases and policy exceptions.
  • Annual actuarial pricing model compliance reviews.
  • Lead and develop actuarial and illustration tools for back office tax and illustration systems testing as required.
  • Analyze quarterly financial results of our individual life and health lines of business explaining sources of differences in net income from business plan and prior year.
  • Lead special in-force projects including annual dividend scale review.
  • Train, develop, motivate and effectively manage a team of actuarial staff employees.
QUALIFICATIONS
  • FSA/FCIA required.
  • 10 - 15 years’ life insurance experience with 3 - 5 years in Individual Life pricing.
  • Experienced leader with training and development skills.
  • Advanced knowledge of Individual Life and Health products.
  • Advanced knowledge of Business Planning processes and development.
  • Advanced knowledge of GGY AXIS pricing system.
  • Strong negotiation and decision-making skills.
  • Solid communication, presentation and interpersonal skills.
  • Excellent organizational and time management skills.