Director, Investments

CAA South Central Ontario View all jobs

  • Thornhill, ON
  • $124,600-166,100 per year
  • Permanent
  • Full-time
  • 2 months ago
About UsAt CAA Club Group, we are passionate about keeping our Members safe - whether they are on the road, at home, or travelling abroad. As a trusted Member-based organization, we provide products and services that are essential to Members' safety and peace of mind. With over 2.6 million Members across Ontario and Manitoba, we advocate on issues such road safety and infrastructure, the environment, seniors' mobility, and consumer protection. Associates share in each other's successes, drive change and support each other while cultivating a great working environment to deliver on what is best for our Members. CAA Club Group is a member of the CAA Club Group of Companies.Who we areAre you ready to join an award-winning, purpose-driven culture? Welcome to the CAA Club Group of Companies (CCG), where purpose leads to passion!At CCG, we are committed to delivering an exceptional Associate experience. We offer:
  • Work-life harmony with access to an award-winning holistic wellness program,
  • Continuous learning through our robust corporate curriculum and education reimbursement program,
  • Incredible rewards, travel incentives, and product and service discounts,
  • Pay-for-performance and best-in-class recognition programs, and
  • Competitive benefits that include a defined contribution plan, personal spending account, and so much more.
Join our growing team where everyone belongs!Position DetailsWhat You Will Do
  • Assist in ALM and development and maintenance of strategic asset allocation for multiple CCG portfolios, including three insurance entities, a DB pension plan, and an NPO by evaluating a range of inputs such as existing holdings, relative value across asset classes, capital charges, actuarial liability profiles, liquidity needs, and capital-market assumptions
  • Lead, source, research, and analyze investment managers and strategies, participating in searches and conducting evaluation and due diligence on potential new managers
  • Evaluate and monitor investment managers across all CCG portfolios, including the CAP plans, using both quantitative and qualitative methods, ensuring all contractual standards and service-level agreements are met
  • Contribute to the development of intellectual content, including analysis of industry trends in pension and insurance asset management, and assessments of new asset classes
  • Monitor asset-mix levels based on SIPP minimum, target, and maximum ranges. Recommend and coordinate rebalancing transactions among investment managers and the custodian
  • Lead the preparation and execution of transaction requests by managing investment instructions, capital calls, and distributions for both public and private market transactions
  • Contribute to the development of a holistic investment strategy for each CCG entity, including assisting in the creation and maintenance of strategic asset-mix targets
  • Assist the VP/AVP with portfolio construction and risk analytics, recommending tactical adjustments across multiple asset classes to enhance risk-adjusted returns
  • Develop reporting metrics and KPIs, analyze investment performance, and act as the lead in preparing monthly and quarterly performance reports for the Investment Committee and Board
  • Assist the VP/AVP with presentations to the Investment Committee and Board
  • Serve as a key point of contact for day-to-day relationship management with external partners, including custodians, consultants, investment managers, and other financial institutions
  • Ensure compliance with all relevant regulations and standards, including MCT, IFRS, and applicable OSFI and FSRA guidelines
  • Assist in the preparation of the Investment budgets file detailing the expected income from the portfolios
  • Perform other duties as required
Please note, salary range is not inclusive of total compensation. The expected salary range for this position will be impacted by factors such as the successful candidate's skills, experience and working location, as well as the specific position's business line, scope and level. Candidates with salary expectations outside of the range are encouraged to apply.Who You Are
  • Undergraduate degree in Finance, Commerce, Business, Economics, Statistics or Mathematics or other related discipline
  • Completion of the CFA program
  • Minimum of 9 years of progressive experience in the investment industry preferably at an insurance firm or a pension plan
  • Fundamental understanding of investment products across asset classes, including equity, fixed income, securitized products, preferred shares, private equity, Infrastructure, private credit and real estate
  • Familiarity with the accounting, regulatory, risk management and strategic frameworks under which Canadian P& C insurers operate
  • Must have thorough knowledge of Liability Driven Investments
Please note that internal applicants are asked to formally express their interest by applying online no later than 10 business days of the position being posted.Please note that we may use AI tools to help us through the recruitment process.Our CommitmentWe are an equal opportunity employer and are committed to providing employment accommodation in accordance with all applicable Provincial Human Rights and Accessibility Legislation. CCG will provide accommodations to job applicants with disabilities throughout the recruitment process. If you require an accommodation, please notify us and we will work with you to meet your needs.

CAA South Central Ontario