AVP & Actuary, Pricing

Toronto, ON
$140,000-190,000 per year
Permanent
Full-time

19 days ago

Department: PricingReporting to: VP, PricingWelcome to ivariLet us introduce ourselves. With 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…The AVP & Actuary, Pricing is a new vacancy. Reporting to the Vice President, Pricing, the AVP & Actuary, Pricing will be responsible for pricing initiatives for individual insurance products. This role will be responsible for negotiating reinsurance, monitoring and reporting on pricing profitability, and reviewing and assessing the appropriateness of assumptions used in pricing. The AVP will serve as a mentor and leader within the pricing team, supporting talent development and fostering an environment of continuous learning and innovation.As the Assistant Vice-President and Actuary, Pricing you will…

Support the VP in leading the development of our universal life, term, guaranteed life, simplified life, and critical illness products, as well as in the development of future individual insurance products
Lead the negotiation of reinsurance for individual insurance new business to optimize pricing profitability
Lead the reporting of individual insurance new business profitability
Review and provide insights into individual insurance pricing profitability to help ensure results are reasonable and account for all material risks
Ensure compliance with established pricing and risk management policies
Be integral in key research and development activities leading to innovative insurance-based solutions
Provide actuarial leadership and direction on pricing and reinsurance assumptions and methodology
Work closely with key functions including Product Management, Reinsurance Administration and Underwriting to ensure pricing alignment with business goals
Ensure clear and concise communication to management, focused on business drivers
Maintain a deep understanding of client requirements, regulatory developments and market trends to inform pricing decisions
Be familiar with actuarial valuation standards, CIA guidance material and OSFI guidelines
Be familiar with accounting and capital frameworks (IFRS 17 and LICAT 2025)
Manage resources and staff development including coaching, mentoring and performance assessment
Possess strong leadership skills and the ability to work collaboratively with a team to make the most of their abilities and recognize their full potential

What we are looking for…

FCIA
University degree in actuarial science, mathematics, statistics or a related field
Minimum of 10 years of relevant experience in the individual insurance and/or reinsurance industry
Superior organizational skills with the ability to effectively manage multiple and changing priorities
Strong analytical, decision-making and negotiation skills
Working knowledge of capital and accounting bases relevant to pricing decisions
Excellent verbal and written communication skills, focusing on relevant information and being able to explain complex concepts in easily understandable terms to a wide range of audiences
Excellent stakeholder management skills, capable of influencing and engaging across all levels
Demonstrated ability to lead and mentor a high-performing team of pricing professionals
Ability to understand and interpret complex guidelines and incorporate them into pricing models

What we pay…$140,000 to $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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