AVP & Actuary, Pricing

IVARI•Toronto, ON

88d•CA$140,000 - CA$190,000•Hybrid

About The Position

The AVP & Actuary, Pricing is a new vacancy. Reporting to the Vice President, Pricing, the AVP & Actuary, Pricing will be responsible for pricing initiatives for individual insurance products. This role will be responsible for negotiating reinsurance, monitoring and reporting on pricing profitability, and reviewing and assessing the appropriateness of assumptions used in pricing. The AVP will serve as a mentor and leader within the pricing team, supporting talent development and fostering an environment of continuous learning and innovation.

Requirements

FCIA
University degree in actuarial science, mathematics, statistics or a related field
Minimum of 10 years of relevant experience in the individual insurance and/or reinsurance industry
Superior organizational skills with the ability to effectively manage multiple and changing priorities
Strong analytical, decision-making and negotiation skills
Working knowledge of capital and accounting bases relevant to pricing decisions
Excellent verbal and written communication skills, focusing on relevant information and being able to explain complex concepts in easily understandable terms to a wide range of audiences
Excellent stakeholder management skills, capable of influencing and engaging across all levels
Demonstrated ability to lead and mentor a high-performing team of pricing professionals
Ability to understand and interpret complex guidelines and incorporate them into pricing models

Responsibilities

Support the VP in leading the development of our universal life, term, guaranteed life, simplified life, and critical illness products, as well as in the development of future individual insurance products
Lead the negotiation of reinsurance for individual insurance new business to optimize pricing profitability
Lead the reporting of individual insurance new business profitability
Review and provide insights into individual insurance pricing profitability to help ensure results are reasonable and account for all material risks
Ensure compliance with established pricing and risk management policies
Be integral in key research and development activities leading to innovative insurance-based solutions
Provide actuarial leadership and direction on pricing and reinsurance assumptions and methodology
Work closely with key functions including Product Management, Reinsurance Administration and Underwriting to ensure pricing alignment with business goals
Ensure clear and concise communication to management, focused on business drivers
Maintain a deep understanding of client requirements, regulatory developments and market trends to inform pricing decisions
Be familiar with actuarial valuation standards, CIA guidance material and OSFI guidelines
Be familiar with accounting and capital frameworks (IFRS 17 and LICAT 2025)
Manage resources and staff development including coaching, mentoring and performance assessment
Possess strong leadership skills and the ability to work collaboratively with a team to make the most of their abilities and recognize their full potential