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Director, Savings and Retirement Pricing job in Waterloo

Vacancy has expired

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Waterloo, Ontario Equitable Life

Job Ref:  2134
Employer:  Equitable Life
Sector:  Life Insurance
Pensions/Retirement
Qualifications:  Senior Qualified Actuary
Software:  Axis
Excel
R
Job Type:  Full Time
Salary and Benefits:  Competitive
Remote:  No

Location

Country:  Canada
State/Province/County:  Ontario
City:  Waterloo
Post Code:  Not specified
Map: 

Description

At Equitable, we realize that your work life is not just about performing a job; it's about being part of a workplace that helps you grow and reach your full potential. Within our friendly and collaborative work environment, we recognize that the key to our growth and success is a dedicated, motivated and client-responsive staff. Join Equitable today.

Position Title: Director, Savings and Retirement Pricing

Reports To: Savings and Retirement Actuarial and Finance Vice President

Department: Savings and Retirement
Term: Permanent Full-Time

Work Arrangements: This is a hybrid role. You will work in our office in Waterloo, ON a minimum of two (2) assigned, consecutive days every other week, plus a fifth (5th) assigned day per month. You are welcome to work from the office more than the minimum requirement and there may be some roles that are required to work in our office more than the minimum requirement.

The Opportunity: The Director, Savings and Retirement (S&R) Pricing is an Actuary responsible for the refinement of IFRS 9 &17 into Savings and Retirement Actuarial pricing models. They are part of a team responsible for the current portfolio pricing of Guaranteed Deposit Accounts, Payout Annuities, Segregated Funds, and a Pre-Need Funeral product as well as future product initiatives.

What you will be doing:

  • Routine and ad-hoc pricing of S&R products
  • Oversee the preparation of special quotes
  • Frequent interactions with Sales and Distribution regarding new product pricing.
  • Directly manage up to three actuarial staff
  • Participation when necessary in relevant industry committees and working groups
  • Participate in cross-functional working groups to consider implications of the new standards and develop key recommendations on key policy decisions from an S&R perspective
  • Play a leadership role in the development of quarterly reporting requirements and ensure alignment with S&R Finance, Corporate Finance, and the Investment Division
  • Provide technical support in ensuring alignment of requirements spanning cross functional requirements including capital management, risk management, taxation, stochastic scenario development, asset pricing, and investment strategies transition as they relate to pricing
  • Lead development of S&R financial projection methodologies for business plan
  • Become a Subject Matter Expert on Equitable's Economic Scenario Generator


What you will bring:

  • University degree in mathematics or actuarial science and an FSA/FCIA designation
  • Minimum 5 years of experience in the financial services industry, including financial reporting
  • IFRS 9/17 and LICAT background in life or savings products.
  • Familiarity with Segregated Fund and Payout annuity products
  • Excellent analytical, problem solving and organizational skills
  • Thorough knowledge of Moody's Axis, Excel, & Access
  • Familiarity with ESG's and scenario development
  • Familiarity with market consistent valuation approaches
  • Proven track record of working on multi-disciplinary teams
  • Excellent communication and presentation skills with the ability to communicate complex ideas to various audiences
  • Ability to deliver project results on time with a high degree of quality
  • Strong people management skills


What's in it for you:

  • A healthy work-life balance with employee wellness top of mind
  • Annual bonus program, annual vacation allowance, and company-paid benefits program
  • An additional paid volunteer day each year so you can spend time giving back to the community
  • Immediate enrollment in the company's pension program with employer matching
  • Employee resource groups that support an inclusive work environment
  • Tuition support and specialized program assistance
  • A company subsidized cafeteria with a variety of daily options
  • Discounts on company products and services, and access to exclusive employee perks
  • Regular EQ Together events focused on company togetherness and collaboration


As part of the recruitment/offer process you will be required to:
  • Provide two professional references (minimum one supervisor and above)


To learn more about Equitable, we encourage you to explore our organization.

At Equitable, we are committed to providing equal access to employment opportunities across our organization. Please contact our HR team at careers@equitable.ca if you would like to receive our job postings in an alternative format or require an accommodation with the application process.

#LI-Hybrid

Other details
  • Job Family Management - Non-People Managers
  • Pay Type Salary


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ref: (2134)
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