At a Glance
- Tasks: Lead actuarial tasks, including capital management and regulatory reporting.
- Company: Join ivari, a diverse life insurance company making a difference.
- Benefits: Competitive salary, health benefits from Day 1, and hybrid work options.
- Other info: Inclusive workplace with strong focus on professional development.
- Why this job: Make an impact in a collaborative culture while developing your career.
- Qualifications: FCIA designation and 7+ years in life insurance required.
The predicted salary is between 118000 - 150000 $ per year.
Welcome to ivari. With 300 employees across Canada, ivari is a company that’s making a difference in the world of life insurance by finding and hiring employees who are passionate about helping people protect their families. ivari is part of Sagicor Financial Corporation, a leading financial services provider based in the Caribbean, with a strong presence in North America. We offer a wide range of products and services, including life and health insurance, annuities, pension administration, and investment services.
At ivari, everyone is welcome! It is our mission to attract, develop, and retain a workforce that is as diverse as the customers we serve and the communities in which we do business. We offer an inclusive and accessible work environment where all employees and customers feel valued, respected, and supported.
This position is an existing vacancy. You will be responsible for conducting a broad range of actuarial tasks within the Corporate Actuarial Department of ivari, including:
- Quarterly LICAT reporting
- Financial Condition Testing
- Enterprise-wide stress testing
- Capital impact analysis of alternative assets
- Regulatory capital initiatives
- Capital management
- Experience studies
- Sensitivity and stress testing
You will:
- Ensure clear and concise communication of regulatory capital to management focused on business drivers
- Provide value-added analysis of results, focusing on impact on capital
- Become thoroughly familiar with actuarial valuation standards, CIA guidance material, and OSFI guidelines
- Coordinate and conduct periodic and ad hoc sensitivity testing
- Become subject matter expert in capital, business drivers, LICAT treatment of alternative assets
- Provide expertise on streamlining the valuation and capital infrastructure
- Provide leadership, coaching, and mentorship to junior actuarial staff
- Foster a high-performance and collaborative culture
What we are looking for:
- Fellow of the Canadian Institute of Actuaries (FCIA)
- University degree in Actuarial Science, Mathematics, Statistics, or related area
- Minimum of 7+ years’ relevant experience in the life insurance industry
- Strong verbal and written communication skills
- Knowledge and experience with accounting and regulatory capital frameworks including IFRS 17 and LICAT
- Strong people management and coaching skills
- Knowledge of and experience with AXIS and Risk Integrity is an asset
- Strong analytical and problem-solving abilities
- Ability to collaborate effectively to deliver on organizational goals
- Ability to manage multiple priorities and meet tight deadlines
Salary Range: $118,000 to $150,000
What's in it for you:
- Competitive base salaries plus a bonus
- Comprehensive health and dental benefits for you and your family
- Pension and employee savings plans with company matching contributions
- Hybrid work arrangement with dedicated in-office collaboration days
- Competitive vacation and paid time-off programs
- Professional development and continuous learning opportunities
- Collaborative culture where individual contributions have visible impact
- Wellness programs supporting physical and mental health
Who you are:
Someone who enjoys a culture where everyone is genuinely respectful, and you can be your authentic self every day. Your contributions and opinions are valued. You know the importance of, and live by, our core values of:
- Bringing clarity and focus to your work
- Taking ownership and doing what you say you will
- Remaining flexible
- Collaborating with others
Our commitment to inclusivity is reflected in the safeguards, policies, and commitments we have in place to remove barriers and provide equal opportunities to prospective and current employees, without discrimination. A Human Resources representative is available to consult with applicants who require accommodation in the application or recruitment process.
Managing Actuary, Capital, Corporate Actuarial in Toronto employer: IVARI
At ivari, we pride ourselves on being an exceptional employer that fosters a culture of inclusivity and support. Our commitment to employee growth is evident through our focus on mentorship and professional development, ensuring that every team member can thrive in their career. Located in Canada, we offer a dynamic work environment where diverse perspectives are valued, and employees are empowered to make a meaningful impact in the life insurance industry.
