Director Product Design & Pricing (Actuary)

The Canada Life Assurance Company • Toronto, ON

1d • Hybrid

About The Position

We’re seeking a creative, strategic, and passionate actuarial leader to join our Funds Product Design and Pricing team as Director, Funds Product Design and Pricing. In this role, you’ll help Canada Life achieve its ambitions to be a major player in the individual wealth market. You’ll be part of a high-performing team that values collaboration, empowerment, and mentorship, and you’ll have the opportunity to make a meaningful impact to our business. The role has overall responsibility for the design and pricing of segregated funds for the Wealth Solutions strategic business unit, balancing competitiveness and profitability. The Director will drive a solutions-oriented culture to ensure that our product solutions are market competitive and meet the needs of our clients in support of our overall strategy.

Requirements

• FSA, FCIA or equivalent designation with a minimum of 3-5 years of experience
• Sound business and actuarial judgment, including analytical and problem-solving skills
• A strategic mindset with strong commercial acumen
• Ability to collaborate with others across business units and backgrounds
• A passion for innovation and continuous improvement
• A commitment to developing talent and building a high-performing team
• Experience using Moody’s AXIS software

Nice To Haves

• Experience with funds products is an asset

Responsibilities

• Develop pricing recommendations for segregated funds by conducting profitability analysis, sensitivity testing, and considering the risk and capital profile of the business
• Support the execution and implementation of product development initiatives such as new fund launches and segregated fund contract enhancements, through collaboration with Product Development, Operations, FM, Finance, Compliance, and Legal
• Provide strategic input and support to the AVP, Funds Product Design & Pricing on product and pricing strategy
• Keep abreast of current markets and investment trends and understand the implications on our products
• Lead the development and maintenance of our pricing models for segregated funds
• Develop actuarial assumptions through experience analysis in collaboration with FM (mortality, lapse, expenses, business mix, investment returns, etc.) and lead the composition of periodic segregated fund pricing reports
• Investigate and develop methods to improve our analytical/modelling capabilities, streamline processes, and enhance documentation
• Periodically review regulatory document filings (contract, information folders, etc.)
• Review and deliberate on exceptions relating to product design, pricing, and product eligibility
• Lead a team of actuarial staff and support their ongoing development objectives, fostering a culture of learning and excellence

Benefits

• Career Development: Opportunities for career advancement, access to industry-leading learning programs and up to $2,000 annually towards education reimbursement.
• Health & Wellness: Flexible health and dental benefits, plus a $5,000 mental health benefit to support your well-being.
• Time Off: In addition to regular vacation and personal days, we support community involvement with a volunteer day.
• Financial Security: Company-matching pension plan, share ownership program and additional investment options.
• Rewards and Recognition: Employee recognition programs, service milestone celebrations, employee discounts and more!
• Emphasis on Community: We provide a workplace where employees feel connected and supported through Employee Resource Groups (ERGs), mentorship programs, social clubs and events.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Education Level: No Education Listed