Director Par Product Development & Pricing
Canada Life
London, ON, CA
3d ago

Role Description

Are you interested in taking the next step in your career? If so, we have the next challenge in your career.

This role leads a team that is responsible for the product development and pricing of participating life insurance policies balancing market competitiveness with profitability when developing new par products.

This role is also responsible for calculations related to par products for illustrations and administration systems, including tax testing to ensure par calculations are accurate on our various systems and illustration tools.

Accountabilities :

  • Develop and price individual life participating products, including assumption review, profitability analysis and system implementation
  • Understand the impact of IFRS on par products and features as well as impacts to profitability
  • Work closely with the Model Development team to ensure the accuracy of illustration calculations
  • Update pricing profitability models on an annual basis and report results to senior management
  • Review all par exception requests from New Business and Client Service and develop solutions on policy requests
  • Responsible for tax testing calculations to ensure systems are accurate and complete
  • Monitor par new sales and inforce changes, such as RPU election rates
  • Support miscellaneous projects as required
  • Responsible for the leadership and development of a team, largely actuarial staff
  • Qualifications and Competencies :

  • FSA and FCIA, Fellow of the Canadian Institute of Actuaries
  • 7-10 years relevant experience
  • Strong analytical, problem solving and decision-making abilities
  • Competency in Microsoft office (Excel, Access, Word, PowerPoint, Outlook)
  • AXIS skills are an asset
  • Strong organizational and time management skills with the ability to handle multiple tasks while meeting tight deadlines
  • Ability to develop and maintain collaborative working relationships
  • Excellent communication skills both orally and written
  • Ability to work well in a team environment and independently
  • Ability to lead and develop a team
  • Our Story

    Canada Lifeis a leading insurance, wealth management and benefits provider focused on improving the financial, physical and mental well-being of Canadians.

    For more than 170 years, individuals, families and business owners across Canada have trusted us to provide sound guidance and deliver on the promises we’ve made.

    As of January 1, 2020, Great-West Life, London Life and Canada Life became one company Canada Life, and today, we proudly serve more than 13 million customer relationships from coast to coast to coast.

    Discover your opportunity .Apply today!

    Canada Life offers competitive compensation, great benefits such as medical, dental, life insurance, wellness account and personal days not to mention onsite cafeteria and fitness in our head office facilities.

    If you’d like to join our team submit your information online and introduce yourself.

    Canada Life serves the financial security needs of more than 13 million people across Canada, with additional operations in Europe and the United States.

    As members of the Power Financial Corporation group of companies, we’re one of Canada’s leading insurers with interests in life insurance, health insurance, investment and retirement savings.

    We offer a broad portfolio of financial and benefit plan solutions for individuals, families, businesses and organizations.

    We are committed to providing an inclusive, accessible environment, where all employees and customers feel valued, respected and supported.

    We are dedicated to building a workforce that reflects the diversity of the communities in which we live, and to creating an environment where every employee has the opportunity to reach their potential.

    Canada Life would like to thank all applicants, however only those who qualify for an interview will be contacted

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