Director, Individual Non-Par Valuation

The Opportunity: At Equitable we believe great things happen when we work together. Were a Canadian mutual company driven by purpose - putting people first and helping Canadians protect today and prepare for tomorrow. If youre passionate about making a difference and growing your career in an inclusive and collaborative environment wed love to hear from you. Our culture is built on care passion and curiosity. We put people above all else strive to be our best and welcome new ideas to deliver positive is growing and we are looking for a Director Individual UL and Non-Par Valuation to join our Finance this role you will lead quarterly financial reporting and analysis for the Individual UL and Non-Par line of business delivering insights to internal stakeholders and external auditors. This is an exciting opportunity to influence strategic decision-making and financial outcomes while working with senior leaders across the organization. Join one of the regions top employers and be part of something that truly makes a Arrangements: This is a hybrid role. You will work in our office in Waterloo ON a minimum of two (2) assigned consecutive days every other week plus a fifth (5th) assigned day per month. You are welcome to work from the office more than the minimum requirement and there may be some roles that are required to work in our office more than the minimum youll do:Responsible for valuation of all Individual UL and Non Par policies on a quarterly basis. This includes valuation system maintenance and enhancement assumption implementation and sensitivity testing scenario testing calculation of reserves and capital requirements source of earnings analysis providing finance department with appropriate journal entries reflecting reserve changes and analysis of reserve changes. Present quarterly results to various stakeholders including CFO Chief Actuary Head of Individual Insurance business among other senior leadersAt year end provide additional analysis exhibits summaries and documentation required for the report of the Appointed Actuary and OSFI Life returnsProvide liability cash flows to Investment Department for asset/liability matching capital information for LICAT purposes and sensitivity results for Risk reporting. Provide support to Individual pricing team in analysis of Profit and of five-year business plan for Individual UL and Non Par line of business Analysis of financial position of Individual UL and Non Par line of business when subjected to changing assumptions with respect to mortality lapse interest expenses and interest environment. Results are presented to the Audit Committee of the Board and are required by input and system change specifications from a valuation perspective when new products are developed blocks of business are acquired or new administration systems are and develop a team of Actuarial AnalystsWhat youll bring:Require degree in Mathematics preferably in Actuarial ScienceCompletion of FSA FCIA requirements understanding of CIA standards and IFRS 17 valuation thorough knowledge of current valuation systems competence in AXIS RiskIntegrity and or CSM Engines EXCEL ACCESS SQLRequire knowledge of Individual productsRequire IFRS 17 financial reporting experiencePreference for experience with stochastic modeling and/or using Economic Scenario Generation toolsStrong problem solving and communication skills along with an innovative mindsetWhats in it for you:Career Growth: Regular learning sessions and developmentopportunitiesTotal Rewards: Incentive pay annual salary reviews employer-paid benefits and pensionmatchingTime Away: Competitive vacation plus one paid volunteer day each yearFlexibility: Healthy work-life balance with employee wellness always top of mind complemented by a dress for your day approachAt Equitable were committed to fair pay and an inclusive accessible hiring experience. If you need accommodations or alternative formats at any stage just reach out to us at Were happy to base pay will be based on your skills qualifications experience and addition to your salary this role is eligible for a discretionary annual incentive award tied to business performance plus a wide range of competitive benefits. If youre selected to move forward our Talent Acquisition team will walk you through all the details of our total rewards program so you know exactly whats To: Financial Reporting and Capital Management Vice PresidentDepartment: FinanceTerm: Permanent Full-Time

Required Experience:

Director

Employment Type : Full Time
Experience: years
Vacancy: 1