Director, Individual Non-Par Valuation

Equitable•Waterloo, ON

1d•CA$120,000 - CA$170,000•Hybrid

About The Position

At Equitable, we believe work should be a place where you feel supported, inspired, and empowered to grow. In our caring and collaborative environment, your curiosity is encouraged, your passion is recognized, and your contributions truly matter. Together, we create meaningful impact, for our clients, our communities, and each other. At Equitable, we believe great things happen when we work together. We’re a Canadian mutual company driven by purpose - putting people first and helping Canadians protect today and prepare for tomorrow. If you’re passionate about making a difference and growing your career in an inclusive and collaborative environment, we’d 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 outcomes. Equitable is growing, and we are looking for a Director, Individual UL and Non-Par Valuation to join our Finance team. In 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 region’s top employers and be part of something that truly makes a difference.

Requirements

Require degree in Mathematics, preferably in Actuarial Science
Completion of FSA, FCIA requirements, understanding of CIA standards, and IFRS 17 valuation experience.
Require thorough knowledge of current valuation systems, competence in AXIS, RiskIntegrity and or CSM Engines, EXCEL, ACCESS, SQL
Require knowledge of Individual products
Require IFRS 17 financial reporting experience
Strong problem solving and communication skills along with an innovative mindset

Nice To Haves

Preference for experience with stochastic modeling and/or using Economic Scenario Generation tools

Responsibilities

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 leaders
At year end, provide additional analysis, exhibits, summaries, and documentation required for the report of the Appointed Actuary and OSFI Life returns
Provide 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 Loss.
Development 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 OSFI.
Provide input and system change specifications from a valuation perspective when new products are developed, blocks of business are acquired, or new administration systems are implemented.
Lead and develop a team of Actuarial Analysts