Assistant Vice-President

  • 38306
  • Life - Actuarial
  • |
  • Ontario, Canada
  • |
  • Oct 1, 2020
  • Participate with other senior leaders in setting the vision, strategies and priorities for the division in alignment with corporate goals and objectives.
  • Direct the development of financial plans for the division to operationalize strategic goals, oversee the monitoring and reporting results and take or recommend corrective action.
  • Provide direction to the Individual leadership team with respect to opportunities and challenges in attainment of the financial plan.
  • Direct product development, in partnership with the Director of Marketing, with a specific focus on ensuring growth strategies will be profitable and that risks are identified and managed.
  • Oversee product pricing, reinsurance arrangements, dividend scale reviews, and compensation arrangements for all levels of distribution, and monitoring their execution to achieve growth and profitability goals.
  • Oversee production team responsible for inforce and large case quotes, exception requests and other underwriting and distribution support from the actuarial team.
  • Develop internal and external relationships to stay on top of trends in markets, products, distribution, accounting and tax, capital, investments, actuarial standards and practices, etc. so that actions can be taken proactively.
  • Sponsor and / or participate on IT steering committees for product, operational or financial projects where Actuarial or Finance are stakeholders.
  • Oversee several Actuarial teams responsible for planning and production, pricing, reinsurance and select business development initiatives.
  • Oversee our Individual Finance team who is responsible for divisional financial controls, budgeting and expense analysis for the division, financial, sales and management reporting / analytics, design and administration of field compensation and design of MGA override and marketing allowance schedules.
  • University Degree in Actuarial Science and completion of the FSA/FCIA requirements.
  • Minimum 15 years’ experience within the insurance industry, with at least 5 years within Individual Insurance.
  • Minimum of 5 years of leadership experience, with the ability to mentor and develop Director level staff.
  • Advanced knowledge of the individual life and health insurance business including product design, pricing and valuation methodologies and assumptions, asset-liability management techniques, financial reporting standards, regulatory capital requirements, policyholder taxation and sales/marketing concepts for family and advanced markets.
  • Knowledge of GGY AXIS software.
  • Proven strategic thinker with the ability to execute on strategic vision.
  • Excellent project management, marketing, coaching and presentation skills.
  • Demonstrated ability to interact with team members of different disciplines including distribution, marketing, IT and Administration.