Manager, Actuarial and Financial Support

1 week ago

Toronto, Canada Ontario Power Generation Full time

**Location**:Toronto, ON, CA, M5G 1Z5**Req ID**:46376**Status**:Regular Full-Time
- **Working Conditions**: Hybrid
- **Education Level**:Post-secondary education in Actuarial Science, Statistics, Mathematics or equivalent
- **Location**:Toronto, ON
- **Travel**: None
- **Deadline to Apply**:April 16, 2024
- Every generation has a challenge that defines them. At OPG, we are calling on all innovators, disruptors, thought leaders and change-makers. Join us to electrify life in one generation and build a sustainable future powered by our electricity, our ideas, and our people. Join OPG and make history.
- Whether you work in the skilled trades or are a business professional, a career at OPG is an opportunity to electrify your life on - and off - the job.
- **ACCOMMODATIONS**
- **This position is moving to OPG Corporate Headquarters**: In Summer 2025, OPG will officially welcome employees to our new Corporate Headquarters located at 1908 Colonel Sam Drive, Oshawa, Ontario. This new space will enable teamwork, collaboration and innovation that will help us to achieve our mission to _electrify life in one generation_.**JOB OVERVIEW**

Ontario Power Generation (OPG) is looking for a dynamic, strategic and results-driven professional to join our team in the role of **Manager, Actuarial and Financial Support.**

Reporting to the Senior Manager, Actuarial & Financial Evaluation, this position is responsible for providing actuarial and financial services to support the development and operation of employee benefit programs. This role is responsible for preparing actuarial valuation reports for pension and post employment benefit plans for funding and accounting purposes and preparing forecasts of corporate payroll burden costs. The role will also provide costing support to the collective bargaining process, and upon request, provide consulting services on the actuarial, financial and regulatory details of pension and benefit plans.
- This is an exciting opportunity to work in an environment where you will contribute to OPG’s public outreach, engagement and education efforts as part of the company’s commitment to growing its social license.
- **KEY ACCOUNTABILITIES**
- Conduct and administer work engaging in the actuarial department and in Finance. Plan, organize, and schedule work, maintain work quality and quantity, and provide advice and guidance to clients and management. Develop new or revise existing work methods to improve efficiency and effectiveness.
- Develop or revise accounting policies and procedures related to the actuarial and financial evaluations of the employee benefits plans, insurance and "administrative services only" contracts.
- Coordinate periodic valuations of the employee pension and benefit plans with external actuaries for funding and accounting purposes including reviewing funding requirements, ensuring compliance with policy and regulatory requirements.
- Assist in the appointment of external consulting actuaries and integrate and coordinate their services in the valuation and advisory processes.
- Analyze and provide recommendations regarding the actuarial, financial, and regulatory implications of the funding, costing, financing and administration of employee benefit programs, including insurance and "administrative services only" contracts.
- Prepare extensive analysis to facilitate financial planning and reporting for pension and OPEB (Other Post Employment Benefits) plans. Complete monthly financial reporting and the related monthly and quarterly analysis for internal and external reporting purposes. Review actuary inputs and projections related to post employment benefit programs during the course of the year.
- Assess and implement changes pertaining to accounting policies / standards as they relate to pension and OPEB. Review financial reports for accounting purposes to ensure financial soundness and compliance with accounting policies and procedures.
- Develop and maintain data retrieval and computation systems, with assistance from other units in the Corporation.
- Work with appropriate external agencies, such as actuarial and employee benefit consultants, accounting advisory and external auditors.

**EDUCATION**
- Post-secondary education in Actuarial Science, Statistics, Mathematics or equivalent
- Associate of the Canadian Institute of Actuaries (ACIA) designation or working towards the designation is a requirement
- Fellow of the Canadian Institute of Actuaries (FCIA)/Fellow of the Society of Actuaries (FSA) designation would be considered an asset

**QUALIFICATIONS**
- Minimum of 6-8 years of working experience in the valuation and accounting of pension and benefit plans;
- Experience with corporate policies and governing regulations related to employee benefits programs;
- Experience in accounting and financial environments to understand the company’s financial and budget policies, methods, procedures and processes;
- Requires the technical knowledge to evaluate and ca

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