AVP, Oversight and Projects, Capital Management

Permanent Full Time

We are looking for an AVP Oversight and Projects, Capital Management

Role description

The AVP Oversight and projects, Capital Management will be the leader on pricing and reinsurance oversight across Lifeco, along with acting as the lead on Capital Management projects and developments. In this role, you will have oversight of compliance within Lifeco’s pricing and reinsurance policies, and the maintenance of pricing standards across the group.

What you will do 

As the leader on pricing and reinsurance oversight across Lifeco, along with leading on Capital Management projects and developments you will:

• Lead the actuarial oversight of product design, pricing, and reinsurance:
  • Maintain the reinsurance and pricing policies for Great-West Lifeco, and set supporting standards
  • Monitor compliance with the policies and guidance, supported with regular reporting
  • Review and manage exception requests to the policies
  • Support the Company’s internal reinsurance program

• Support the Risk Function, Finance Function, and business units on Canadian regulatory capital matters, including completing capital analysis on strategic acquisition targets as well as other business initiatives (such as changes in investment policy)
• Review and quantify potential impacts to the Company of proposed regulatory developments and regulatory guidelines;
• Support VP, Capital Management in discussions with the regulator and the industry (CLHIA) related to capital matters
• Support VP, Capital Management in developing strategy and process for implementing new regulatory capital developments
• Monitor capital developments in non-Canadian jurisdictions (SII, ICS, RBC, S&P)
• Review interpretations of the OSFI LICAT Guideline, and ensure consistency of approaches across Canada Life, especially in respect of new pricing or product initiatives (e.g. CRS)
• Support the Capital Management team in adapting as needed for new acquisitions, accounting standards, changes in the LICAT Guideline, reinsurance, etc.
• Acting as a leader within the Capital Management department, including both direct and indirect staff support and development
• Support as required, the VP, Capital Management in the process improvement and adoption of technology programs that will be running across the Capital Management portfolio (including projection capabilities, FCT, capital generation analysis amongst others) 

What you will bring 

• 8+ years of relevant, related experience
• Experience in regulatory capital regimes, and pricing/reinsurance, is considered an asset for potential applicants
• University degree and designation as an actuarial fellow required
• Must possess and maintain a very high level of actuarial expertise, staying educated/up to date with respect to Canadian actuarial practices and methods and OSFI guidelines
• Exceptional analytical and problem-solving skills, with the ability to translate findings to educate other leaders to ensure appropriate outcomes
• Communication skills that enable sharing complex concepts to different audiences in a manner that is readily understood and meaningfully relates to business and risk management priorities
• Contribute to vigorous and productive leadership discourse, while actively supporting group decisions and promoting strong team spirit
• Demonstrated ability to influence teams where resources do not all report directly into the function (i.e., where significant direction comes from other functions)
• Ability to understand business challenges, and interaction with capital matters and pricing and reinsurance oversight, in order to drive good outcomes for the Company
• Has the ability to develop highly effective long-term plans in line with the company’s strategic objectives; highly adept at setting goals and determining priorities, and identifying potential risks and opportunities
• Ability to develop highly collaborative, cross-functional relationships, and strong relationships across our regional actuarial teams
• Ability to establish appropriate priorities for the team and monitor and influence progress to be able to achieve necessary goals
• Attracts, motivates and develops actuarial talent within the organization
• Highly engaged on passing on institutional knowledge to the next generation of actuaries

The base salary for this position is between  $108,300 - $ 200,400 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.

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