Vice President, Group Product Actuarial

Vice President, Group Product Actuarial

Location: Hybrid Kingston or Toronto

We are seeking a strategic and analytical leader to join our Group and Affinity Business Executive Team and the broader Insurance and Investment Executive Team as Vice-President, Group Product Actuarial. Reporting to the SVP & COO, Insurance and Investment, with a dotted line to the Chief Actuary, this role is pivotal in driving pricing strategy and analysis for our Group and Affinity product lines.

As a key decision-maker, the Vice-President will provide strategic insights and direction to optimize profitability and performance. This role is responsible for analyzing both short- and long-term trends in the group insurance market, identifying unique portfolio characteristics, and shaping business strategy accordingly. Leading a team of actuaries and analysts, the Vice-President will ensure that actionable insights are delivered to senior management, maintaining a strong focus on margins and sustainable growth.

Why pursue this opportunity

• Our mission - Provide expertise and intelligent solutions to help Canadians navigate life with confidence.
• Join a transforming business - we are a medium-sized Canadian company in a stable industry which is rapidly transforming.
• Assume a pivotal leadership position - harness your expertise to deliver impactful results, shaping and leading your area with experienced foresight.
• Influence and innovate at the highest level - we welcome leaders who bring a dynamic blend of fresh perspectives and leading practices to steer our strategic course.

What you'll be working on

• Drive the development of the Group and Affinity Business Plan to optimize growth, contribution and growth in business value
• Accountable for defining metrics, developing and managing financial models, and delivering clear and insightful monthly, quarterly and ad hoc reports
• Develop and manage an analytics program to enhance our ability to analyze our business and to select and price risk effectively
• Conduct comprehensive operational analysis and reporting that provides accurate operational performance measures and unit costs to functional and partner areas
• Manage all Group actuarial pricing including the pricing and negotiation of reinsurance
• Participate in Group actuarial valuations activities, as required
• Collaborate with Distribution, Marketing & Product, Operations, and support services (Corporate Finance, Corporate Actuarial, IT, Risk, Legal, HR, PMO, etc.) to provide analytically driven financial insights and recommendations to Group and Affinity Business stakeholders
• Provide strategic leadership, fostering a high performing team environment, by setting clear goals and objectives, evaluating skills and performance, and ensuring alignment with organizational priorities
• Oversee resource allocation to support objectives effectively and regularly review responsibilities to enhance accountability and overall team effectiveness
• Actively contribute to the strategic direction and continuous improvement of Empire Life's Actuarial Program as a key member of the Actuarial Senior Leadership Team.

What we're looking for you to have

• Completion of FCIA designation
• 15+ years of relevant actuarial work experience in the insurance/financial services industry
• Pricing expertise and experience in Life and Living Benefits for Group and Individual products are required
• Pricing experience in Segregated Funds is an asset
• Experience working across functional teams and all levels of an organization
• Outstanding written and verbal communication skills
• Advanced research, analysis and decision-making skills
• Ability to develop and negotiate innovative solutions
• Proven project oversight and execution experience
• Outstanding organizational skills with ability to manage competing priorities
• Strong team building, coaching and performance management skills
• Completion of a university degree with courses in mathematics, economics and/or business
• If you are applying for a position which is open to applicants across Canada, unless otherwise indicated in the position, language proficiency in English is required for communicating with customers, advisors, or employees across Canada.

Beyond the salary

For regular full-time positions, Empire Life offers a comprehensive total rewards package that includes:

• Competitive salaries with annual pay increases
• Annual bonus program, which recognizes both strong company performance and individual contributions, for non sales positions
• Competitive uncapped commission, for sales positions
• A comprehensive employer-funded benefits package starting from day one of employment, that includes life insurance, disability, health and dental and a generous health account
• Flexible work arrangements and an annual allotment of personal health days.
• Four weeks annual vacation from hire date
• A defined contribution pension plan with generous employer matching
• Top up programs for parental leave and compassionate leave
• Employer-sponsored wellness and recognition programs
• A cash employee referral program

To learn more about working at Empire Life, visit https://www.empire.ca/workatempire.

Get to know us

Empire life is proud to be an equal opportunity employer. We celebrate diversity, are committed to creating an inclusive environment, and welcome everyone to participate in our application process. We encourage those of all backgrounds and experiences to apply, even if you don't believe you meet each unique qualification outlined. Applicants will receive equal consideration without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, disability, or age.

Empire Life welcomes applications from people with disabilities and disabled people. Accommodations are available upon request for candidates taking part in all aspects of the screening and selection process. If you need this job posting in an alternative format or have any accessibility questions, please contact recruitment@empire.ca.