Work Location:Toronto, Ontario, Canada
Hours:37.5
Line of Business:Data & Analytics
Pay Details:$160,000 - $200,000 CAD
Job Description:Role Summary
The Senior Manager, Pricing, Pension Risk Transfer (PRT) is responsible for the end-to-end pricing analysis and ownership of group annuity plans / PRT bids / deals. This role develops and owns the deal pricing model and assumptions, interprets pension plan provisions and member data, assesses transaction risks, and manages key reinsurance partnerships. This role requires deep technical capability, sound commercial judgment, and strong cross-functional influence including collaboration across business development, investments, corporate actuarial, finance, operations, and risk / 2nd line partners.
Key Responsibilities
- Lead the pricing analysis for new PRT deals and prepare the pricing memo / management facing materials to support recommendations for approval
- Analyze pension plan documents, benefit specifications, member data and experience studies to set pricing strategy, data issues, and key transaction risks
- Collaborate across Investments, Finance, Legal, Operations, Corporate Actuarial, and Risk functions to meet growth and profitability targets and ensure regulatory compliance
- Ownership and management of pricing models (build, maintenance, Model validation coordination, governance) and assumptions (experience monitoring, industry research)
- Support PRT-related reinsurance negotiations and maintain on-going working relationships with reinsurers including overseeing on-going reinsurance administration
- Partner with Distribution to support quote strategy, transaction structuring, and responses to intermediaries, consultants, and plan sponsors.
- Lead post-deal review, experience analysis, and continuous improvement of pricing assumptions and execution processes.
- Oversee model and data hand-off to Corporate Actuarial and Operations teams for on-boarded plans
- Leverage AI to drive operational efficiencies in data analysis and internal reporting
Qualifications / Experience
- Fellow of the Canadian Institute of Actuaries / Society of Actuaries
- 7+ years of relevant experience in Life and Annuity industry
- Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, or a related quantitative field.
- Domain expertise in multiple of the following areas: PRT/group annuity business, pensions, actuarial pricing, IFRS17, LICAT, longevity reinsurance
- Strong technical capabilities in Moody's GGY AXIS, Excel and longevity analytics tools such as ClubVita
- Ability to translate technical analysis into clear commercial recommendations for senior stakeholders
- Ability to oversee the development of technical actuarial models, produce detailed documentation and work with 2nd line to own model governance
- Ability to collaborate across stakeholders of various disciplines and lead actuarial staff
Success Profile
- Strong technical depth
- High attention to detail and control orientation
- Commercially pragmatic
- Comfortable working in an emerging, build-stage business
- Strong written and verbal communication
- Able to influence without formal authority
- Strong presentation skills including to senior management
Our Total Rewards PackageOur Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical, and mental well-being goals. Total Rewards at TD includes a base salary, variable compensation, and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and reward and recognition programs. Learn more
Additional Information:We're delighted that you're considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we're committed to providing the support our colleagues need to thrive both at work and at home.
Colleague Development If you're interested in a specific career path or are looking to build certain skills, we want to help you succeed. You'll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.
If you're passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.
We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.
Training & OnboardingWe will provide training and onboarding sessions to ensure that you've got everything you need to succeed in your new role.
Interview Process We'll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.
Accommodation Your accessibility is important to us. Please let us know if you'd like accommodations (including accessible meeting rooms, captioning for virtual interviews, etc.) to help us remove barriers so that you can participate throughout the interview process.
We look forward to hearing from you!
Language Requirement (Quebec only):Sans Objet
