Risk Management Manager Reinsurance (Actuary)

 Permanent Full Time

The Reinsurance Division of Great-West Lifeco participates in international reinsurance markets, providing Reinsurance solutions to clients across the US, Europe and Asia. We are among the top 10 life reinsurers in the United States by assumed business, and we continue to grow rapidly.

Joining our Reinsurance Risk Management team means stepping into a dynamic and evolving environment where your work directly supports strategic decision‑making across the division. This role, reporting to the Director, Reinsurance Risk Management, offers deep exposure to our global business and a unique opportunity to influence how risks are understood, measured, and managed. You will work closely with teams across the Reinsurance Division as well as partners in the Lifeco Enterprise Risk Function—making this a highly visible role with excellent opportunities for career development, cross-functional learning, and meaningful impact.

What you will do

In this role, you will contribute to core risk oversight activities and help shape the future of our reinsurance business:

• Assess and challenge new reinsurance deals, preparing clear and insightful risk summaries for senior decision makers.
• Develop quarterly CRO reports and other risk materials, including analysis and presentation to the Reinsurance Executive Risk Management Committee.
• Quantify and analyze key risk measures such as Capital at Risk, Earnings at Risk and Liquidity at Risk on a quarterly basis.
• Support the annual risk budget for the Reinsurance Division.
• Participate in deep dive reviews (e.g., tail risk, liquidity stress testing, limit reviews) that directly inform strategic priorities.
• Identify and report on current and emerging risks, drawing from business insights and independent research.
• Help evolve our risk identification, measurement, and reporting processes, contributing to both Reinsurance-led and Lifeco-wide initiatives.
• Provide input on risk mitigation strategies.
• Monitor and report on compliance with the Risk Appetite Framework, risk limits, policies, and operating standards.
• Support timely communication and follow-up for risk limit breaches and associated remediation plans.

What you will bring 

• Fellow of the Society of Actuaries/Canadian Institute of Actuaries (or equivalent)
• Strong analytical and problem-solving skills
• Excellent oral and written communication skills, including the ability to communicate complex analyses into clear insights
• Able to build cross-functional relationships
• Able to work independently and adapt to a changing work environment
• Strong time-management skills and the ability to deliver high quality work under tight deadlines
• Strong attention to detail

The base salary for this position is between  $minimum - $ maximum annually.  This represents base salary only and does not represent other variable compensation components of our total compensation ( i.e. annual bonus, commission etc).  If you are selected to move forward in our recruitment process, your recruiter will be able to discuss additional details of our total rewards program with you.

Career opportunities will be open a minimum of 5 business days from the date of posting, closing dates will vary depending on the search activity. All applications received will be reviewed on a rolling basis.

Be your best at Great-West Lifeco and Canada Life - Apply today! 

Great-West Lifeco Inc is a Canadian headquarter, international financial services holding company with interests in life insurance, health insurance, retirement and investment services, asset management, and reinsurance businesses. We operate in Canada, the United States, and Europe under the brands: Canada Life, Empower and Irish Life. 

At the end of 2023, our companies had over 33,500 employees, 232,000 advisor relationships, and thousands of distribution partners – serving approximately 42 million customer relationships.

Great-West Lifeco trades on the Toronto Stock Exchange (TSX) under the ticker symbol GWO and is a member of the Power Corporation group of companies.

Being a part of our organization 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 are 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.

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. 

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Canada Life policies. To request a reasonable accommodation in the application process, contact talentacquisitioncanada@canadalife.com.

We would like to thank all applicants, however only those who qualify for an interview will be contacted.

#LI-Hybrid