Group Actuarial and Finance Vice President

Group Actuarial and Finance Vice President

Waterloo, ON, Canada

Job Description

At Equitable, we believe work should be a place where you feel supported, inspired, and empowered to grow. In our caring and collaborative environment, your curiosity is encouraged, your passion is recognized, and your contributions truly matter. Together, we create meaningful impact; for our clients, our communities, and each other.

The Opportunity: At Equitable, our focus is on making a meaningful impact in the lives of Canadians by putting clients at the heart of everything we do. We lead with empathy, act with intention, stay curious, and support one another every step of the way. If you're looking for purpose-driven work in a collaborative and inclusive environment where your voice is heard, and your growth is encouraged we’d love to connect. The Vice-President, Group Actuarial and Finance plays a critical role for both the Group Insurance Division and the organization. As a member of the Group division’s leadership team, you will be responsible for leading and managing the growth & profitability for the Group Benefits business, directing product development, pricing, reinsurance and select business development initiatives, overseeing Actuarial and Group Finance teams, and be a key member of our Actuarial Student Executive Committee.

Position Title: Vice-President, Group Actuarial and Finance
Reports To: Executive Vice-President, Group Division
Department: Group Actuarial and 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.

What you will be doing:

- Manage growth and profitability for the Group business

- Participate with other senior leaders in setting the vision, strategies, and priorities for the division in alignment with corporate goals and objectives.

- Direct the development of financial plans for the division to operationalize strategic goals, oversee the monitoring and reporting results and take or recommend corrective action.

- Provide direction to the Group leadership team with respect to opportunities and challenges in attainment of the financial plan.

- Direct product development, pricing, reinsurance and select business development initiatives

- Direct product development, in partnership with the Director of Group Marketing, with a specific focus on ensuring strategies will be profitable and that risks are identified and managed.

- Oversee product pricing, reinsurance arrangements, and compensation arrangements for all levels of distribution (internal and external) and monitoring their execution to achieve growth and profitability goals.

- Develop internal and external relationships to stay on top of trends in markets, products, distribution, accounting and tax, capital, investments, actuarial standards, and practices, etc. so that actions can be taken proactively.

- Develop and lead an Actuarial and Finance organization to deliver on this mandate

- Oversee several Actuarial teams responsible for planning and pricing, reinsurance and select business development initiatives, and Group Finance teams responsible for divisional financial controls, budgeting, expense analysis, sales and management reporting / analytics, and administration of field compensation.

- Provide leadership development, coaching, and education for all direct reports and senior department staff.

- Other accountabilities:

- Participate as a member of the Actuarial Student Executive Committee which oversees the actuarial student program and the actuarial community.

What you will bring:

- University Degree in Actuarial Science and completion of the FSA/FCIA requirements, and/or a University Degree in Accounting and Financial Management, and completion of all CPA requirements.

- Minimum 15 years’ experience within the insurance industry, with at least 5 years within Group Insurance.

- Minimum of 5 years of leadership experience, with the ability to mentor and develop Director level staff (Actuaries and Accountants).

- Advanced knowledge of the Group insurance business including product design, pricing and valuation methodologies and assumptions, financial reporting standards and Group Underwriting.

- Proven leadership and coaching skills, with a strong track record of developing leaders and teams.

- Strong strategic thinker with the ability to execute on strategic vision.

- Excellent project management, marketing, coaching and presentation skills.

- Demonstrated ability to interact with team members of different disciplines including distribution, marketing, IT and Administration.

What's in it for you:

- A workplace where care, passion, and curiosity aren't just values, they’re how we work, grow, and succeed together every day.

- A healthy work-life balance with employee wellness top of mind

- Annual bonus program, annual vacation allowance, and company-paid benefits program

- Generous vacation package with one volunteer day to give back to a charity of your choice

- Immediate enrollment in the company’s pension program with employer matching

- Employee resource groups that support an inclusive work environment

- Tuition support and specialized program assistance

- An onsite full-service cafeteria with a variety of daily options

- Discounts on company products and services, and access to exclusive employee perks

- Regular EQ Together events focused on company togetherness and collaboration

As part of the recruitment process, candidates may be asked to complete an assessment and will be required to undergo background screening, in accordance with company policy.

This position is available due to an existing vacancy.

We're dedicated to inclusive and accessible hiring practices. If you require accommodations or alternative formats, please contact us at careers@equitable.ca.

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