Full Job Description
About the role
About the Role:
The key responsibility for this role would be to oversee forecasting, internal and external capital reporting and to assist in communications with Canadian regulators. The role reports to the Director of Capital and could have a single direct report. The role would be expected to coordinate with Actuarial, Risk, Finance and Investment teams on projects and requests.
What you'll do:
Capital Management - Canada:
Regulatory Expertise:
Develop an in-depth of the Canadian Minimum Capital test as administered by Canadian regulators. The expectation is that this role becomes the reference for the company in the calculation and developments of this standard.
Participate in industry committees related to changes in the regulatory capital standard and any proposed changes.
Oversee capital modeling for regulated Canadian insurance entities and provide regular reports and analysis regarding the financial condition of the entities. Modeling would include:
Changes in underwriting results including payment patterns, reinsurance structures, reserve adjustments, and growth.
Changes in market levels, investment mixes and the impact of complex financial instruments on the capital levels.
The impact of all other balance sheet or off-balance sheet items which may have an impact on capital (e.g. defined benefit plans, derivative financial instruments, structured settlements, etc.)
Prepare and present Canadian capital-related internal and external reports as required.
Performing financial and underwriting stress tests. The purpose being to identify, quantify and recommend capital strategies to restore the capital position for Canadian entities.
Support capital related needs of other Canadian teams:
Provide support to Accounting, Risk Management, Investments and Tax with ad hoc capital related queries and requests.
Aid in preparing documents for communication with federal and provincial Canadian regulators.
Responsible for quarter-end Canadian Capital Disclosures and auditing requirements.
Assist in analysis in mergers and acquisitions.
What you'll bring:
Post secondary education in actuarial, accounting, tax, investments, treasury or corporate finance - is required.
Minimum 5 years of experience specializing in insurance financial functions.
Advanced technical knowledge using Power Point and Excel, Power BI and financial modelling - is required
Excellent communication skills, with the ability to effectively convey and present technical information to senior leadership in a professional manner - is required
For candidates located in Quebec, bilingualism is required considering the necessity to interact on a regular basis with English-speaking colleagues across the country.
#LI-Hybrid
Il s'agit d'un nouveau rôle au sein de notre équipe en pleine croissance | This role is a new member of our growing team.
