Manager Corporate Actuarial

Job Description:
**We are Canada Life**

Being a part of Canada Life means you have a voice. This is a place where your unique background, perspectives and talents are valued, and shape our future success.

You can be your best here. You’re part of a diverse and inclusive workplace where your career and well-being are championed. You’ll have the opportunity to excel in your way, finding new and better ways to deliver exceptional customer and advisor experiences.

***

Together, as part of a great team, you’ll deliver on our shared purpose to improve the well-being of Canadians. It’s our driving force. Become part of a strong and successful company that’s trusted by millions of Canadians to do the right thing.

Be your best at Canada Life.

We are looking for a
**_Manager, Corporate Actuarial_**

**_
Given the size and scope of our organization, we have the flexibility for this position to be located in the following head office locations: Toronto, London, Winnipeg._**

Are you interested in making an important contribution to the Company’s transition to IFRS 17? If so, we have a job opportunity for a Manager, Corporate Actuarial, in London, Toronto or Winnipeg within the Corporate Actuarial team.

The Corporate Actuarial Team plays a central role in actuarial oversight for Great-West Lifeco. The team leads the oversight of the valuation of insurance contract liabilities, and supporting processes, across Great-West Lifeco’s operations, as well as the analysis of the robustness of the Company’s financial condition through the FCT process. The team supports the Appointed Actuary in exercising oversight on the operation of participating policies and adjustable policies, and in preparing the annual opinions on fairness as required under the Insurance Companies Act in Canada.

IFRS 17 represents a major change in the valuation of insurance liabilities of life insurers, which will impact earnings emergence and volatility. IFRS 17 will also introduce a new presentation of insurance results, and supporting disclosures, in the financial statements, which will necessitate significant change within actuarial and accounting systems and processes.

**What you will do**
- Support the Company’s transition to IFRS 17, including:

- Analyze the implications on the Company’s balance sheet and LICAT position
- Perform IFRS 17 actuarial model reviews and readiness assessments
- Engage with regional actuarial areas on the operational considerations, such as the reporting implications of IFRS 17
- Provide assistance in other areas, as needed, such as accounting, process improvements, and systems/technology considerations
- Support the Appointed Actuary and Corporate Actuarial team through participation in actuarial investigations. Examples may include specialized internal peer reviews, providing global actuarial perspectives on regional initiatives, or investigations related to emerging trends.
- Support regulatory reporting, including the consolidation of regional results and various processes to the support the Appointed Actuary’s oversight of the methodologies and assumptions used to value actuarial liabilities.

**What you will bring**
- Strong analytical and problem solving abilities
- Independent decision-making skills
- Ability to manage multiple tasks and work within strict time-frames/deadlines
- Excellent collaboration skills and ability to build positive work relationships
- Ability to lead
- Proficient verbal and written communication skills with the ability to explain complex actuarial concepts
- Fellow of the Canadian Institute of Actuaries (or nearly qualified)
- FSA/FCIA designation

**Be your best at Canada Life

**We are one of Canada's top 100 employers**
- Canada Life serves the financial security needs of more than 13 million people across Canada, with additional operations in Europe and the United States. As members of the Power Financial Corporation group of companies, we’re one of Canada’s leading insurers with interests in life insurance, health insurance, investment and retirement savings. We offer a broad portfolio of financial and benefit plan solutions for individuals, families, businesses and organizations._
- We are committed to providing an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee _
- has the opportunity to_
- reach their potential._

**_
Canada Life would like to thank all applicants, however only those who qualify for an interview will be contacted_**
- #Ind #LI-Hybrid