Senior Manager, Pricing, Pension Risk Transfer in Toronto

The Senior Manager, Pricing, Pension Risk Transfer (PRT) is responsible for the end-to-end pricing analysis and ownership of group annuity plans / PRT bids / deals. This role develops and owns the deal pricing model and assumptions, interprets pension plan provisions and member data, assesses transaction risks, and manages key reinsurance partnerships. This role requires deep technical capability, sound commercial judgment, and strong cross-functional influence including collaboration across business development, investments, corporate actuarial, finance, operations, and risk / 2nd line partners.

Key Responsibilities

• Lead the pricing analysis for new PRT deals and prepare the pricing memo / management facing materials to support recommendations for approval.
• Analyze pension plan documents, benefit specifications, member data and experience studies to set pricing strategy, data issues, and key transaction risks.
• Collaborate across Investments, Finance, Legal, Operations, Corporate Actuarial, and Risk functions to meet growth and profitability targets and ensure regulatory compliance.
• Ownership and management of pricing models (build, maintenance, Model validation coordination, governance) and assumptions (experience monitoring, industry research).
• Support PRT-related reinsurance negotiations and maintain on-going working relationships with reinsurers including overseeing on-going reinsurance administration.
• Partner with Distribution to support quote strategy, transaction structuring, and responses to intermediaries, consultants, and plan sponsors.
• Lead post-deal review, experience analysis, and continuous improvement of pricing assumptions and execution processes.
• Oversee model and data hand-off to Corporate Actuarial and Operations teams for on-boarded plans.
• Leverage AI to drive operational efficiencies in data analysis and internal reporting.

Qualifications / Experience

• Fellow of the Canadian Institute of Actuaries / Society of Actuaries.
• 7+ years of relevant experience in Life and Annuity industry.
• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or a related quantitative field.
• Domain expertise in multiple of the following areas: PRT/group annuity business, pensions, actuarial pricing, IFRS17, LICAT, longevity reinsurance.
• Strong technical capabilities in Moody's GGY AXIS, Excel and longevity analytics tools such as ClubVita.
• Ability to translate technical analysis into clear commercial recommendations for senior stakeholders.
• Ability to oversee the development of technical actuarial models, produce detailed documentation and work with 2nd line to own model governance.
• Ability to collaborate across stakeholders of various disciplines and lead actuarial staff.

Success Profile

• Strong technical depth.
• High attention to detail and control orientation.
• Commercially pragmatic.
• Comfortable working in an emerging, build-stage business.
• Strong written and verbal communication.
• Able to influence without formal authority.
• Strong presentation skills including to senior management.