Senior Manager, Actuarial Services

Requisition ID : 203724

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

As the Senior Manager, Actuarial, you will contribute to the overall success of the Insurance Canada division, ensuring specific individual goals, plans, initiatives are delivered in support of the team's business strategies and objectives.

You will also ensure activities conducted comply with governing regulations, internal policies and procedures.

Is this role right for you? In this role, you will :

Champion a customer focused culture to deepen client relationships and leverage broader Bank relationships, systems and knowledge

Responsible for IFRS17 valuation :

Oversee the running of the IFRS17 valuation

Manage the IFRS17 models and oversee enhancements

Oversee annual Experience Studies and Assumption updates

Approve IFRS17 actuarial outputs

Review and reconcile financial results

Subject matter expert in IFRS17 reporting and explaining variances in results

Financial modelling and forecasting

Ownership of financial models used to project business cash flows

Forecasting cash flows for new and existing initiatives and business casing

Produce cash flows for annual planning and quarterly forecasting

Manage relationships with various internal stakeholders for the development of assumptions and modelling.

Provide product profitability reviews and recommendations on any product changes (i.e. premiums, features, etc.)

Assist senior management with data analysis for business insights

Understand how the Bank's risk appetite and risk culture should be considered in day-to-day activities and decisions

Actively pursues effective and efficient operations of the respective areas in accordance with Scotiabank's Values, its Code of Conduct and the Global Sales Principles, while ensuring the adequacy, adherence to and effectiveness of day-to-day business controls to meet obligations with respect to operational, compliance, AML / ATF / sanctions and conduct risk

Champion a high-performance environment and contributes to an inclusive work environment

Do you have the skills that will enable you to succeed in this role? We'd love to work with you if you have :

Fellowship or close to Fellowship in the Canadian Institute of Actuaries or Society of Actuaries or equivalency

Experience and expertise with IFRS17 valuation

Multiple years of related work experience in Life and Health Insurance, or related consulting experience

Proficiency in advanced excel and Moody's AXIS and Risk Integrity software or other actuarial modelling software

Proficiency in analytics software including PowerBI is an asset.

Strong technical and stakeholder management skills

Location(s) : Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose : "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone.

If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know.

If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role.

We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.