Director, Valuation

4 weeks ago


Burnaby, Canada Securian Canada Full time

**What we do every day to be our very best**
- Every day at Securian Canada means a day spent helping Canadians and their families build secure tomorrows. We’re agile and innovative, and we aren't afraid to challenge and create, or bring diverse perspectives to our work.
- **Who we need**

The **Director, Valuation** will be accountable to perform actuarial valuation, capital calculations, and related financial reporting for Securian Canada’s insurance lines of business (there are currently two Director roles and valuation teams for two distinct blocks of business).
- Using considerable judgement and insurance industry experience in the assessment of financials, the Director, Valuation calculates actuarial reserves and submits opinions relating to actuarial liabilities and capital positions.
- The Director supports the preparation of actuarial models, assumptions, experience studies, etc., to provide accurate and timely reporting to management and the Board, working in close partnership with the Actuarial and Finance teams.
- The Director, Valuation will also contribute to the maintenance and enhancement of financial forecasting through ownership of methods, models, and processes.What you will do
- Perform detailed IFRS17, LICAT, USGAAP and other valuation work for assigned business, ensuring appropriate documentation, and assists in identifying changing requirements, assumptions, and appropriate change management;
- Develop unbiased projections for financial planning and analysis, and assists with communication of financial analytics and results;
- Lead the development of actuarial models to perform liability valuation and various projections for financial planning, capital, Financial Condition Testing, the Appointed Actuary’s Report, etc.;
- Support actuarial assumptions setting, including experience studies and analysis;
- Serve as a liaison with other accounting and actuarial staff, as well as pricing, administration and IT professionals;
- Provide oversight and direction to more junior actuarial associates in the department, mentoring associates, and fostering a positive and engaging work environment;
- Set direction for direct and indirect reports by providing relevant information and establishing goals;
- Perform other valuation work and support ad-hoc projects as needed.

What you will bring

**The education.** Qualified actuary with a professional designation (i.e., Fellow) from the Canadian Institute of Actuaries, Society of Actuaries, or equivalent.
- **The experience. **Minimum 8 years of relevant experience in the insurance industry, including some in valuation, modeling, financial analysis, reporting, etc., and some experience supervising actuarial staff. Excellent knowledge and experience related to relevant actuarial and accounting standards of practice from the Canadian Institute of Actuaries and the IASB (e.g., IFRS 17). Extensive experience in the Moody’s AXISTM actuarial system and Risk IntegrityTM for the IFRS 17 platform.
- **The knowledge & the skills.** In depth knowledge of Life Insurance products. Strong technical and analytical skills, including experience using quantitative risk models. Good communications skills and ability to communicate technical content clearly to various audiences. Excellent problem-solving and decision-making abilities. Excellent stakeholder management and influencing skills.
- **The drive. **Work well under pressure and within time constraints to effectively accomplish individual and team objectives. Ability to recruit change management allies throughout an organization. Highly self-motivated with strong accountability. Strong sense of urgency and commitment to meet business deadlines.Why join?
- When you’re a part of Securian Canada, you’re a member of an agile and innovative, high-performing, bright-thinking, make-things-happen culture - so that together, we can discover the art of possible.- At our company, we see your potential on day one and challenge you to grow your unique strengths as you create a career filled with opportunity, collaboration, and purpose.- You’ll also be part of a team that’s committed to diversity, equity, and inclusion, and who values diverse perspectives, so that you can be the person you want to be - both in, and outside, work.- Securian Canada offers a competitive total rewards program with a variety of perks and benefits, including:
- Flexible work arrangements with monthly financial allocations to support your work-life balance;
- Generous starting paid vacation time, plus additional vacation days for every year of service;
- Paid volunteer day so you can dedicate time to a cause you are passionate about;
- Paid personal and wellness days to support your total wellbeing;
- Educational assistance of up to $3,500 a year (with approval from your manager);
- Flexible health and wellness account (in addition to comprehensive drug and dental coverage)
to help pay for a wide range of wellbeing services that are mea



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