Senior Manager, Product, Pricing & Support

Company: CUMIS
Department: Product Manufacturing
Employment Type: Regular Full-Time
Work Model: Hybrid
Language: This role operates in English.
Additional Information: This/these role(s) is/are currently vacant

The Opportunity:

We are a leading Canadian financial services co-operative committed to being a catalyst for a sustainable and resilient society and our team is essential to deliver on this strategy. That's why we prioritize our people, to ensure we provide a strong culture and development opportunities which enables our team to thrive and to live our purpose. The best part is that you will work with people that care passionately about you, our clients, and our communities.

The focus of the role is to ensure a sustainable, profitable portfolio of fairly designed/priced products that meet our clients' needs. The product pricing actuary and team are accountable for the financial health of the line - including all ifrs-17 compliance, reinsurance treaty/relationships, monitoring, audit, data and analytics, business decisions, etc. The product pricing actuary defines, drives, and leads the execution of the product roadmap in support of the 4 Year Plan. The role is empowered to make business decisions across functional areas.

How you will create impact:

• Create product solutions for client unique lending needs, includes new client facing - active listening, design, price, offer while following all applicable pricing policy/professional standards and ensuring the fair treatment of the consumer
• Create and drive product development within the product roadmap in support of the 4 Year Plan
• Monitor all impacting forces on portfolio profitability, expenses and premium; empowered to implement changes required to ensure sustainability
• Consult for shared services and functions and escalations - all key stakeholders (external clients, business partners, internal partners)
• Active management of all creditor reinsurance programs
• Accountable for integrity of (product content of) all contractual documents for new and existing clients and customers
• Includes continuous monitoring and participation in creditor industry committees, publications, events, etc.

How you will succeed:

• You have an innovative mindset to improve operational efficiencies and ability to influence change, with a primary focus on client needs.
• You use critical thinking skills to recognize assumptions, evaluate arguments, draw conclusions and proactively propose solutions.
• You have strong communication skills to clearly convey messages and explore diverse points of view.
• You build trusting relationships and provide guidance to support the development of colleagues.

To join our team:

• You have 5-7 years of experience in insurance product development, pricing or other actuarial discipline.
• You have a bachelor's degree in mathematics, Actuarial Science, Statistics or Business/Commerce.
• You have a professional designation in FSA (Fellow of the Society of Actuaries) or FCIA (Fellow of the Canadian Institute of Actuaries)
• You have expert knowledge of actuarial principles - pricing, product development, ifrs-17 impacts
• You have expertise negotiating, reviewing, implementing reinsurance treaties plus all client and customer contracts
• You have the ability to lead a team of actuarial students and product experts to drive business results under the strategy of the 4 Year Plan AND lead across functions
• You have proven ability to combine detailed specifics and critical thinking/assessment, with creativity, to deliver unique product solutions that drive growth and set the portfolio up for sustained profitability

What you need to know:

• You will travel regularly.
• You will be subject to a Background check as a condition of employment, in the event you are the successful candidate.

What's in it for you?

• Training and development opportunities to grow your career.
• Flexible work options and paid time off to support your personal and family needs.
• A holistic approach to your well-being, with physical and mental health programs and a supportive workplace culture.
• Paid volunteer days to give back to your community.
• In addition to our competitive salary and incentive programs, eligible employees also benefit from a comprehensive total rewards package including group retirement savings plans, pension and benefits (e.g., health and wellness, dental, disability and life coverage), mental health support and an employee assistance program.

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