Department: Pricing

Reporting to: VP, Pricing

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 $190,000

What'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!