• 35394
  • Life - Actuarial
  • |
  • Manitoba, Canada
  • |
  • Jun 17, 2019
  • Review and report on product design risk and level of profitability for all currently issued products.
  • Analyze the overall profitability of the individual insurance and investment products by line of business.
  • Keep informed of current industry product information and trends in product changes.
  • Work with multiple areas of the company to design products that align with the Company’s strategies for the short and long term.
  • Develop and maintain pricing models to determine premiums and projected financial results.
  • Set pricing assumptions to reflect future expected experience taking into account all relevant industry and company experiences.
  • Ensure policy illustration systems appropriately illustrate products and comply with CLHIA guidelines.
  • Annually review and recommend changes to adjustable policies, ensuring compliance with established criteria and fairness to policyholders.
  • Annually evaluate the management of the participating account, the dividend policy and recommend changes to the dividend scale, ensuring compliance with the policy and fairness to participating policyholders.
  • Work with reinsurers during product pricing exercises and in evaluating the individual reinsurance program, recommending changes as required.
  • Maintain sound knowledge of the current valuation standards and current capital and regulatory requirements.
  • Manage performance of direct reports inclusive of providing professional and technical guidance and provide regular performance reviews.
  • Perform other duties as assigned, handling special projects as assigned.
  • Undergraduate university degree in Actuarial Mathematics, Statistics, Mathematics or other related field of study.
  • Fellow of the Canadian Institute of Actuaries, complying with continuing education requirements.
  • 5 years of actuarial work experience with 3 years related to individual life insurance pricing.
  • Detailed knowledge of policyholder taxation and general knowledge of corporate taxation.
  • Excellent analytical and problem solving skills with the ability to understand context and its impact on all issues.
  • Ability to work independently and identify potential impacts of decisions while coaching others in effective decision making.
  • Excellent communication skills both written and verbal, with the ability to deliver powerful presentations.
  • Ability to lead and complete large complex projects with multiple contributing parties.
  • Strong leadership skills.