Actuary, Specialty Products

Actuary, Specialty Products

Location : Hybrid - Kingston or Toronto

Empire life is looking to hire an Actuary, Specialty Products to join our Group Finance and Actuarial team!

The Actuary, Specialty Products is responsible for the actuarial pricing, profitability and risk analysis of new, innovative insurance products and initiatives.

An expert on all actuarial elements of the product life cycle (including pricing, reserving, capital management, modelling and risk analysis), the position will be responsible for ensuring sound pricing practices and profitability for new product initiatives.

The position is guided by defined goals and objectives and works under the general direction of the Vice President, Group Finance and Actuarial.

Why pursue this opportunity

The role - this is a new position and your chance to join a growing team, while being provided the opportunity to make an impact.

Play an integral role - this is an opportunity that allows for you to grow your skills, while directly contributing to the business unit you are a part of.

Have your voice heard - with a fresh perspective, we welcome those that can highlight opportunities for improvement. We encourage creative and innovative thinking and welcome candidates who are not afraid to challenge the status quo.

What you’ll be working on

• Lead the initial pricing analysis, modelling and ongoing performance monitoring of new specialty product initiatives for the Group Solutions line of business
• Support Product & Marketing teams in the launch of new products as well as ongoing analysis to ensure existing products remain competitive in market place while continuing to achieve profitability objectives
• Oversee reserving and valuation results in respect of specialty products
• Maintain strong working relationships with reinsurance partners to support ongoing product development and risk management objectives of specialty product portfolios
• Ensure all pricing activities are compliant with relevant corporate policies (Product Design & Pricing, Model Risk Management, etc)
• Present pricing and risk management recommendations to Empire Life senior management teams, including Group Solutions Leadership Team and corporate oversight committees.

What we’re looking for you to have

• Completion of FSA and / or FCIA designation
• 8-10 years of relevant work experience in actuarial roles within the life insurance industry
• Advanced actuarial and modelling skills, including practical experience in the pricing of insurance products
• Advanced working knowledge of spreadsheet, database and word processing software
• Working knowledge of actuarial applications (AXIS, etc) is nice to have
• Strong written and verbal communication skills
• Strong influencing skills and the ability to develop recommendations that balance competing objectives
• Strong organizational skills with ability to manage multiple competing priorities
• Working knowledge of accounting standards and regulatory capital requirements for the Canadian Life insurance industry
• If you are applying for a position which is open to applicants across Canada, unless otherwise indicated in the position, language proficiency in English is required for communicating with customers, advisors, or employees across Canada.

Beyond the salary

For regular full-time positions, Empire Life offers a comprehensive total rewards package that includes :

• Competitive salaries with annual pay increases
• Annual bonus program, which recognizes both strong company performance and individual contributions, for non sales positions
• Competitive uncapped commission, for sales positions
• A comprehensive employer-funded benefits package that includes life insurance, disability, health and dental and a generous health account
• Flexible work arrangements and an annual allotment of personal health days.
• Four weeks annual vacation from hire date
• A defined contribution pension plan with generous employer matching
• Top up programs for parental leave and compassionate leave
• Employer-sponsored wellness and recognition programs
• A cash employee referral program

To learn more about working at Empire Life, visit https : / / www.empire.ca / workatempire .

Get to know us

Empire life is proud to be an equal opportunity employer. We celebrate diversity, are committed to creating an inclusive environment, and welcome everyone to participate in our application process.

We encourage those of all backgrounds and experiences to apply, even if you don't believe you meet each unique qualification outlined.

Applicants will receive equal consideration without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, disability, or age.

Empire Life welcomes applications from people with disabilities and disabled people. Accommodations are available upon request for candidates taking part in all aspects of the screening and selection process.

If you need this job posting in an alternative format or have any accessibility questions, please contact [email protected] .