Manager, Actuarial Services

1 week ago

Toronto, Ontario, Canada OPTrust Full time
Manager Actuarial Services

Department:
Risk, Actuarial Services and Plan Policy

Type:
Permanent

Posting Date:
February 14, 2023

At OPTrust,
_paying pensions today, preserving pensions for tomorrow_ is our mission and business.


When you choose OPTrust, you join a team of smart, talented people who fuel our success and have a passion for pensions.

Everyone at OPTrust - from London, Toronto, and Sydney - makes a meaningful impact, our environment is fast paced, but we find time to have fun and give back to the community as well.

Our strength resides in our team members with different backgrounds and perspectives creating an inclusive and fulfilling place to work for everyone.


What OPTrust Offers You- Unique culture rooted in our core values - collaboration and teamwork, integrity, respect, flexibility, and excellence and continuous improvement - reflected across the team.- Dedicated business strategy for inclusion, diversity and equity with multiple, meaningful opportunities to participate.- Flexible, hybrid work model being implemented to balance the benefits of working from home and the collaborative teamwork experience in the office.- Membership in our world-class defined benefit pension plan.- A purpose-driven environment, including the opportunity to contribute to OPTrust's climate change and responsible investing programs.- Professional development opportunities and learning initiatives including access to LinkedIn Learning, in-house speaker series, tuition reimbursement program and professional association memberships.- Comprehensive benefits package focused on your health and wellness, including dental, vision and extended health benefits.- Opportunity to take parental and adoptions leaves to spend time with family.- Competitive vacation package and time away from work such as work-life balance days.

About the Role


What You'll Do- Oversee data management business processes as they pertain to the actuarial valuation extract (AVE) and pension administration processes.- Manage the internal funding, solvency, windup and accounting valuations for the OPSEU Pension Plan.- Liaise with Investment Risk and Investment Division to help develop asset models and scenario analysis.- Oversee stochastic and deterministic actuarial forecasts including joint research projects with Investment Division- Review costing analysis and set appropriate assumptions with respect to various issues relating to the pension plan; this includes costing for valuation assumption changes or preliminary ad hoc costing for upcoming OPS contract negotiations.- Manage the final review and calculation of commuted values and pension entitlements and the development of independent calculators or spreadsheets.- Work with OPTrust's Project Management Office to develop rules documents which lead to business requirements and system specifications.- Provide follow-up data analysis, review, and support for OPTrust's external actuaries.- Review and formulate recommendations for system and procedural changes as they pertain to the actuarial valuation and annual information processes.- Represent Actuarial Services and Plan Policy in OPTrust special project work related to the design, testing and implementation of new systems.- Oversee the development of new tools to calculate complex pension administration cases.


What You Bring- An FCIA designation (Fellow of the Canadian Institute of Actuaries) is required or at least 10 years of experience working in an actuarial capacity.- Experience in pension management/administration field and knowledge of legislation, including the Pension Benefits Act and the Income Tax Act- Knowledge of actuarial forecasting both deterministically and stochastically- Experience in working on a large public sector pension plan is an asset.- Ability to conceptualize and think creatively is essential- Strong analytical and organizational skills with demonstrated project planning experience.- Excellent communication and report writing skills.- Positive attitude towards work and colleagues to support team goals and organizational values of strong teamwork, cooperation, and mutual respect.


Serving a membership as diverse as ours and investing in a global market means cultivating an environment that embraces inclusion, diversity and equity in everything we do.

We know a diversity of backgrounds, cultures and perspectives are critical to creating long-term value. OPTrust is an organization engaged in building on our unique and diverse strengths. If you require an accommodation at any time during the recruitment process, or have preferred pronouns, please send a message to

, or discuss your needs with the Recruitment Consultant during the telephone screen. We will do our best to work with you and provide appropriate accommodation.

We thank all interested applicants, however only those under consideration will be contacted.

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