Vice President, Group Product Actuarial

OverviewVice President, Group Product ActuarialLocation : Hybrid Kingston or TorontoWe are seeking a strategic and analytical leader to join our Group and Affinity Business Executive Team and the broader Insurance and Investment Executive Team as Vice-President, Group Product Actuarial. Reporting to the SVP & COO, Insurance and Investment, with a dotted line to the Chief Actuary, this role is pivotal in driving pricing strategy and analysis for our Group and Affinity product lines.As a key decision-maker, the Vice-President will provide strategic insights and direction to optimize profitability and performance. This role is responsible for analyzing both short- and long-term trends in the group insurance market, identifying unique portfolio characteristics, and shaping business strategy accordingly. Leading a team of actuaries and analysts, the Vice-President will ensure that actionable insights are delivered to senior management, maintaining a strong focus on margins and sustainable growth.What you’ll be working onDrive the development of the Group and Affinity Business Plan to optimize growth, contribution and growth in business valueAccountable for defining metrics, developing and managing financial models, and delivering clear and insightful monthly, quarterly and ad hoc reportsDevelop and manage an analytics program to enhance our ability to analyze our business and to select and price risk effectivelyConduct comprehensive operational analysis and reporting that provides accurate operational performance measures and unit costs to functional and partner areasManage all Group actuarial pricing including the pricing and negotiation of reinsuranceParticipate in Group actuarial valuations activities, as requiredCollaborate with Distribution, Marketing & Product, Operations, and support services (Corporate Finance, Corporate Actuarial, IT, Risk, Legal, HR, PMO, etc.) to provide analytically driven financial insights and recommendations to Group and Affinity Business stakeholdersProvide strategic leadership, fostering a high performing team environment, by setting clear goals and objectives, evaluating skills and performance, and ensuring alignment with organizational prioritiesOversee resource allocation to support objectives effectively and regularly review responsibilities to enhance accountability and overall team effectivenessActively contribute to the strategic direction and continuous improvement of Empire Life’s Actuarial Program as a key member of the Actuarial Senior Leadership TeamWhat you’ll need to haveCompletion of FCIA designation15+ years of relevant actuarial work experience in the insurance / financial services industryPricing expertise and experience in Life and Living Benefits for Group and Individual products are requiredPricing experience in Segregated Funds is an assetExperience working across functional teams and all levels of an organizationOutstanding written and verbal communication skillsAdvanced research, analysis and decision-making skillsAbility to develop and negotiate innovative solutionsProven project oversight and execution experienceOutstanding organizational skills with ability to manage competing prioritiesStrong team building, coaching and performance management skillsCompletion of a university degree with courses in mathematics, economics and / or businessIf you are applying for a position which is open to applicants across Canada, language proficiency in English is required for communicating with customers, advisors, or employees across Canada.Beyond the salaryFor regular full-time positions, Empire Life offers a comprehensive total rewards package that includes :Competitive salaries with annual pay increasesAnnual bonus program, which recognizes both strong company performance and individual contributions, for non sales positionsCompetitive uncapped commission, for sales positionsA comprehensive employer-funded benefits package starting from day one of employment, that includes life insurance, disability, health and dental and a generous health accountFlexible work arrangements and an annual allotment of personal health days.Four weeks annual vacation from hire dateA defined contribution pension plan with generous employer matchingTop up programs for parental leave and compassionate leaveEmployer-sponsored wellness and recognition programsA cash employee referral program #J-18808-Ljbffr