Director, Finance and Treasury Department

3 weeks ago


Waterloo, Canada Equitable Life of Canada Full time
it's about being part of a workplace that helps you grow and reach your full potential. p>

Position Title: Director, Individual UL and Non Par Valuation
Reports To: Financial Reporting and Capital Management Vice President
Department: Finance
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.

This role will provide quarterly financial reporting and analysis of the Individual UL and Non Par line of business to various users at Equitable and external auditors.

  • 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.
  • 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. li>
  • Require thorough knowledge of current valuation systems, competence in AXIS, RiskIntegrity, EXCEL, ACCESS, SQL.
  • 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.


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