Actuary Leadership Position in Insurance Pricing

1 week ago


Toronto, Ontario, Canada Empire Life Full time
Salary: $120,000 - $180,000 per year
In a hybrid work environment, Empire Life is seeking a Product Actuary to join its Retail Actuarial team. The ideal candidate will have 8-10 years of experience in actuarial roles within the life insurance industry, with advanced knowledge of actuarial and modelling skills, including practical experience in pricing insurance products.

About the Role:
As a key member of the Retail Actuarial team, you will be responsible for the actuarial pricing, profitability and risk analysis of Retail's Individual Life and Health new business portfolio. This includes leading the pricing analysis, modelling and performance monitoring of Retail's Individual Life and Health new business portfolio, presenting pricing and risk management recommendations to Retail senior management teams, and collaborating with other areas of Retail to review new product opportunities and changes to existing products.

Key Responsibilities:
* Lead the pricing analysis, modelling and performance monitoring of Retail's Individual Life and Health new business portfolio
* Collaborate with other areas of Retail to review new product opportunities and changes to existing products
* Present pricing and risk management recommendations to Retail senior management teams
* Supervise and coordinate Retail Actuarial employees' product development work
* Ensure all pricing activities are compliant with relevant corporate policies
* Collaborate with other areas of Empire Life, including Insurance Response Team, Retail Insurance Marketing, Retail Operations, Risk Management and Corporate Actuarial

Requirements:
* Completion of FSA and/or FCIA designation
* 8-10 years of relevant work experience in actuarial roles within the life insurance industry
* Advanced actuarial and modelling skills, including practical experience in pricing insurance products
* Strong written and verbal communication skills
* Strong influencing skills and ability to develop recommendations that balance competing objectives
* Strong organizational skills with ability to manage multiple competing priorities
* Working knowledge of accounting standards and regulatory capital requirements for the Canadian life insurance industry
* Language proficiency in English is required for communicating with customers, advisors, and/or employees across Canada

Benefits:
For regular full-time positions, Empire Life offers a comprehensive total rewards package that includes:
* Competitive salaries with annual pay increases
* Annual bonus program, which recognizes both strong company performance and individual contributions
* A comprehensive employer-funded benefits package that includes life insurance, disability, health and dental coverage and a generous health expense account
* Flexible work arrangements and an annual allotment of personal health days
* Four weeks annual vacation from hire date
* A defined contribution pension plan with generous employer matching
* Top-up programs for parental leave and compassionate leave
* Employer-sponsored wellness and recognition programs
* A cash employee referral program

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