Manager, Actuary

University Pension Plan•Toronto, ON

23h•CA$85,600 - CA$135,600•Hybrid

About The Position

Initially reporting directly to the Senior Director, Actuary, the Manager, Actuary will play an important leadership role within UPP’s actuarial function by overseeing actuarial analysis and supporting the day-to-day delivery of actuarial and pension administration activities. The role will support actuarial activities across two key streams within the actuarial function: The pension administration actuarial support stream, focused on operational actuarial support, complex pension calculations, interpretation of plan provisions, and pension administration oversight; and The core actuarial services stream, focused on funding, valuation, risk management, onboarding support, actuarial modelling, and long-term sustainability analysis. These streams are led by separate Senior Directors, Actuary, and the Manager, Actuary will work closely with actuarial leadership across both areas to help ensure coordinated delivery, consistency in actuarial methodologies and interpretation, and effective execution of operational and analytical priorities across the actuarial function. The Manager, Actuary will provide technical guidance, operational oversight, and mentorship to actuarial team members, including Senior Analysts, Analysts and Interns, while supporting actuarial initiatives related to pension administration, funding, valuation, onboarding activities, risk management, and strategic actuarial projects. The Manager, Actuary will contribute to a broad range of actuarial activities including: Oversight and review of complex pension calculations and actuarial analysis; Development, maintenance, and governance of actuarial administration tools and processes; Actuarial modelling, funding analysis, and valuation support; Operational actuarial support for pension administration activities; Preparation and review of actuarial reports and governance materials; Onboarding and employer analysis activities; Support for actuarial and cross-functional initiatives; and Leadership, coaching, and development of actuarial team members. The role will work closely with internal stakeholders including Pension Services, Corporate Finance, Investments, Legal, and Engagement and Outreach teams, as well as external actuarial advisors, consultants, auditors, and other professional service providers. Given UPP’s collaborative and evolving environment, this role provides an opportunity to contribute to operational excellence, process improvement initiatives, actuarial governance practices, and the continued development of the actuarial function and broader team capabilities. The successful candidate will bring strong technical pension actuarial expertise, experience across pension administration and valuation-related actuarial work, effective communication skills, and demonstrated ability to support and mentor team members within a collaborative environment. This role is based in downtown Toronto in a hybrid work environment, allowing employees the flexibility to work remotely and in-office (minimum two days per week in-office). This posting is for an existing vacancy.

Requirements

Bachelor’s Degree in Actuarial Science, Mathematics, or equivalent quantitative discipline.
ASA/ACIA required
Approximately 6 to 9 years of relevant pension actuarial experience within a consulting firm, pension plan, or similar environment.
Demonstrated experience supporting both pension administration and valuation-related actuarial work.
Strong technical proficiency with MS Excel and Microsoft Office applications.
Experience with pension administration systems, actuarial valuation software, and actuarial modelling tools, ideally including strong working experience with ProVal.
Familiarity with Ontario pension legislation, the Income Tax Act, and CIA standards of practice.

Nice To Haves

progress toward FSA/FCIA or completion of fellowship designation is considered an asset.
Prior experience providing mentorship, technical oversight, or people leadership within actuarial teams is preferred.
Experience within a jointly sponsored pension plan or broader public sector pension environment is considered an asset.

Responsibilities

Oversee and review complex or non-routine pension calculations including retirements, terminations, pre-retirement death cases, family law calculations, and other escalated member scenarios.
Provide actuarial interpretation and guidance related to pension plan provisions, pension legislation, tax rules, and pension administration practices.
Support the governance, maintenance, testing, enhancement, and validation of actuarial pension administration tools and off-system calculation processes.
Collaborate with Pension Services, Legal, external administrators, and other stakeholders on complex administration matters and precedent-setting cases.
Support quality assurance and validation activities related to pension administration calculations and system functionality.
Identify opportunities to improve operational efficiency, strengthen controls, and enhance actuarial administration processes and practices.
Manage and review actuarial analysis related to funding, valuation assumptions, demographic experience, funded status monitoring, and risk management activities.
Support actuarial modelling, liability analysis, funding projections, and long-term sustainability analysis to support operational and management decision-making.
Support the implementation of UPP’s internal liability modelling capabilities established by actuarial leadership.
Review and contribute to actuarial reports, presentations, and governance materials prepared for management, committees, and external stakeholders.
Coordinate and review actuarial analysis related to onboarding and growth initiatives, including pension provision comparisons, funded status analysis, and transition support activities.
Research and assess actuarial, legislative, demographic, economic, and industry developments relevant to UPP and assess implications for actuarial operations and funding activities.
Support implementation and enhancement of actuarial modelling processes, reporting capabilities, governance practices, and analytical methodologies.
Provide day-to-day leadership, technical guidance, coaching, and mentorship to actuarial team members, including Interns, Analysts and Senior Analysts.
Support workload coordination, prioritization, and review of actuarial deliverables across the team.
Contribute to onboarding, training, knowledge-sharing, and continuous learning initiatives within the actuarial function.
Foster a collaborative, accountable, and high-performing team environment.
Support recruitment activities, resource planning, and team development initiatives as required.
Collaborate with Corporate Finance in support of annual financial reporting, actuarial disclosures, audit requests, and regulatory reporting requirements.
Liaise with internal stakeholders across Pension Services, Investments, Finance, Legal, and Engagement teams to support integrated actuarial analysis and operational decision-making.
Coordinate with external consultants, auditors, regulators, and professional advisors as required.
Contribute to documentation, governance practices, process improvement initiatives, and operational effectiveness across the actuarial function.
Support additional initiatives and special projects as required.