AVP, Asset Liability Management

ivari View all jobs

  • Toronto, ON
  • $140,000-190,000 per year
  • Permanent
  • Full-time
  • 16 days ago
Title: AVP, Asset Liability Management (ALM)Reporting to: AVP, InvestmentsDepartment: InvestmentsWelcome to ivariLet us introduce ourselves. With more than 300+ employees across Canada, ivari is a company that’s making a difference in the world of life insurance. How? By finding and hiring employees who are passionate about helping people protect their families, and by giving them the best, most supportive workplace possible.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.Here’s the job opportunity…This position is a new vacancy.As the AVP, Asset Liability Management, you will be responsible for driving the Asset Liability Management of the Company.Some of the key responsibilities of this role are to:
  • Develop and produce relevant ALM management reporting information to enable better understanding of key business drivers. Assess existing ALM strategies on a regular basis to confirm their ongoing appropriateness
  • Monitor the investment mandates for all asset portfolios, to remain within target thresholds. Review and rebalance the hedge positions of direct equity investments and segregated funds guarantees
  • Identify and evaluate opportunities to optimize the risk-return profile of portfolios, working in collaboration with the CIO and the asset management firm. Conduct market analysis to identify investment opportunities and risks and make informed investment decisions
  • Ensure compliance with all relevant regulations and standards, including LICAT, IFRS, and other applicable OSFI guidelines
  • Identify and evaluate opportunities to optimize the risk-return profile of portfolios, working in collaboration with the CIO and the asset management firm. Conduct market analysis to identify investment opportunities and risks and make informed investment decisions
  • Produce the quarterly Asset Liability Management dashboard (ALM indicators, equity limits), using inputs from Corporate Actuarial
  • Lead the quarterly asset rebalancing process, coordinating the efforts of Corporate Actuarial and Finance. Work closely with internal departments including finance, actuarial, and risk management as well as external partners to ensure cohesive and effective engagement
What we are looking for…
  • University degree in Finance, Investments, Mathematics, Actuarial Science or a related field required
  • An MBA or professional designation (CFA, FRM) preferred
  • 10+ years of related asset liability management or investments experience
  • Must be proficient with MS Word, Excel, Outlook and PowerPoint
  • Familiarity with interest rate risk management and equity hedging
  • Knowledge of LICAT capital requirements is preferred
  • Excellent verbal and written communication skills
  • Analytical and problem-solving capabilities
  • Strong organizational skills and attention to detail
  • Excellent interpersonal and presentation skills
  • Proven ability to meet challenges, goals and objectives with enthusiasm, drive, and initiative
  • Familiarity with VBA, AXIS and/or ATLAS would be an asset
  • Proven ability to develop effective partnerships, focus on common goals and implement integrated solutions
  • Possess leadership skills and ability to help others make the most of their capabilities and recognize their full potential
What we pay…$140,000 - $190,000What's in it for you…At ivari, it's important for us to keep our people motivated, recognized, and rewarded. We offer competitive base salaries plus a bonus, one of the many reasons ivari is a great place to work.We also offer health and dental benefits for the entire family from Day 1! But that’s just the beginning. When you join the ivari team you also get…
  • A fantastic vacation plan and time off
  • A pension plan with 100% match by ivari
  • Employee savings plan with 75% match to help you save even more
  • Flexible and hybrid work arrangements
  • Opportunities for professional development
  • Recognition programs to cheer you on, motivate and reward
  • Wellness programs to keep you healthy and happy
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 not only sought but 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
Does this sound like you? We’re looking for great people to join our team!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.To apply, please email your resume to:A Human Resources representative is available to consult with applicants who require accommodation in the application or recruitment process. Any information shared by the applicant about an accommodation will be treated as confidential. If you do require an accommodation, please email** ivari does not utilize AI in our recruitment process to screen, select, or assess applicants

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