The Director, Actuarial and Finance plays a pivotal role in the profitability and business development within the Special Markets (SM) Division of iA Financial Group. The incumbent will be responsible for leading the Actuarial and Finance departments in growing the SM line of business profitability. Work closely with the managers of each department in managing the human resources and directing/prioritizing daily/monthly/quarterly/annually work. Equally important will be to provide/assist with strategic direction of SM and management of key divisional business relationships. This position reports to the VP SM and will be part of SM Directors and Leadership Teams.
Participate in the development of new products and the management and improvement of existing ones. The Director (along wit the actuarial department) will be responsible for the pricing of SM products.
Responsible for establishing the theoretical rate bases for group insurance.
Supervise the production of mortality and morbidity studies as well as expenditure studies.
Participate in defining the position of group insurance in the face of legislative developments or changes in the competitive environment.
Identify the exposure to risks, measure them and propose necessary actions to control them.
Establish group insurance reserve bases and supervise the monthly calculation, as well as the projection of cash flows for matching purposes.
Participate in the negotiation of reinsurance treaties and monitor their application. Be responsible for reinsurance strategies and propose corrective actions if necessary.
Be responsible for the accounting operations, both at the level of premium management and the control of paid benefits.
Prepare and analyze the business line financial planning model.
Participate in the audit of financial statements.
Be responsible for the development and implementation of information systems allowing the effective analysis and management of exposure to risk.
Business Development and Partner Relations
Participate in projects to acquire blocks of business or companies; the role of the Director is to determine the profitability of prospective projects and ensures that it fits within corporate objectives.
Liaise as needed with strategic partnerships of the division (internally and externally). Ensure that partners are compliant with Solutions pricing and that they adhere to procedures and polices.
University degree in Actuarial Science, Statistics, Mathematics or similar
Must have 10 or more years of relevant work experience within the Insurance industry. Experience within a Group setting would be preferred.
Successful completion of a CFA, CPA, FSA, FCIA, ASA designation or equivalent
Strong technical, analytical and problem solving skills
Excellent communication and interpersonal skills
This role will oversee and provide leadership to two different teams that are comprised of 15 employees. So it is vital that the incumbent have excellent leadership skills with ability to build and develop a strong team, gain respect, credibility and confidence from the teams that you will lead.
Bilingualism in French would be considered an asset
Experience working in actuarial oversight function, with advanced knowledge of pricing, valuation, risk management and reserving functions
What we Offer
Brand new state of the art, transit accessible building with access to fully equipped gym
Employer subsidized meals
Transit Subsidy program
Casual work environment including a casual dress code
Working in a very close knit team who enjoys numerous fun social activities in and outside of work
Comprehensive health and dental plan including a health spending account and wellness account
Defined Benefit Pension Plan
An annual bonus
Generous vacation entitlement including personal leave days
Support for learning and development and career growth
Our employees are our best investment and we have much to offer them.
iA Financial Group is the strength of a company with a human side, with its over 8,000 employees. Together, we have earned the trust of our more than four million clients and 25,000 advisors who have chosen us for their insurance, savings, and wealth management.
With over $200 billion in assets and half a billion invested in technological innovation, we’re a key player in the financial services industry in Canada and the United States. The secret to our success? Investing in you, one person at a time. Because, for over 125 years, we have believed that it’s by supporting our employees and surrounding ourselves with the most reputable leaders in the industry, we will continue to innovate.
At iA, we’re invested in you.
Our commitment to Diversity and Inclusion
At iA Financial Group, we support and celebrate diversity. We strive to provide a workplace that is recognized as inclusive for all, regardless of ethnic origin, nationality, language, religious beliefs, gender, sexual orientation, age, marital status, family situation, or physical or mental disability.
Please note that if you need help or assistance to make the recruitment process more accessible for you, please contact us here. Someone from our team will be happy to assist you.