Actuarial Associate, Risk Management

IVARI

Toronto

Hybrid

CAD 85,000 - 110,000

Full time

14 days+

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Benefits offered by this job

Health benefits

Hybrid work model

Competitive salary and bonus

Job summary

ivari is seeking an experienced risk leader to develop and implement risk management strategies across the organization, reporting to the Head of Financial Risk, Sagicor North America. The role collaborates with multiple departments and external stakeholders to ensure effective risk practices.

You will lead risk reporting to board and regulators, manage capital at risk, ORSA, ALM, and stress testing across Canada, the U.S., and the Caribbean, building reliable risk models and guiding

Qualifications

5+ years in financial services or life insurance risk management.
Bachelor’s degree in actuarial sciences, accounting, finance, or related field.
Professional risk designations (ASA/ACIA/FSA/FCIA or equivalent).
Excellent communication and analytical skills; able to work independently.

Responsibilities

Support risk reporting to the board and regulators.
Calculate Capital at Risk; monitor risk limits and risk appetite.
Support setting internal capital targets.
Support ORSA delivery.
Support ALM and hedging reporting.
Develop responses to regulatory changes and guidelines (OSFI/NAIC).
Identify and assess risks in Canadian and U.S. businesses (market, credit, insurance).
Lead stress testing across Canada, U.S., Caribbean.
Develop and maintain risk models.
Lead initiatives and improvements.
Cultivate relationships with business units to promote risk-aware culture.

Skills

Risk management experience

Analytical skills

Communication skills

Independent worker

Time management

Collaboration

Actuarial designations

Education

Bachelor’s degree in actuarial sciences, accounting, finance or similar field

Job description

Let us introduce ourselves. With more than 300+ employees across Canada,ivari is a company that’s making a difference in the world of life insurance. How? By finding and hiring employees who are passionate about helping people protect their families, and by giving them the best, most supportive workplace possible.

ivari is part of Sagicor Financial Corporation, a leading financial services provider with over 185 years of history operating across the Caribbean, US, and Canada. We offer a wide range of products and services, including life and health insurance, annuities, pension administration and investment services.

At ivari, everyone is welcome! It is our mission to attract, develop, and retain a workforce that is as diverse as the customers we serve and the communities in which we do business. We offer an inclusive and accessible work environment where all employees and customers feel valued, respected, and supported.

Here’s the job opportunity…

This position is for an existing vacancy.

You will report to the Head of Financial Risk, Sagicor North America and will be responsible for developing and implementing risk management strategies across the organization. You will collaborate with various departments and external stakeholders to ensure that we have effective risk management practices in place. This is an important role that requires strong decision-making skills and the ability to work both independently and as part of a team.

In this role you will…

The main accountabilities include:

Support risk reporting to the board and regulators
Calculate Capital at Risk, monitor risk limits and risk appetite.
Support the setting of internal capital targets
Support the delivery of the Own Risk and Solvency Assessment (ORSA)
Support ALM and hedging reporting
Develop responses to regulatory changes and prepare analysis of new OSFI or NAIC guidelines
Identify and assess risks in Canadian and the U.S. businesses with a focus on market, credit and insurance risks
Lead stress testing across the organization (Canada, U.S. and the Caribbean).
Develop and maintain comprehensive and reliable risk models
Lead initiatives related to the above items and recommend improvements
Cultivate strong relationships with business units and control functions to promote a risk-aware culture and add value through collaboration
Clear and concise communication to team and leader

What we are looking for…

5+ years of relevant work experience within Financial Services and/or Life Insurance industry, including experience in risk management
Bachelor’s degree in actuarial sciences, accounting, finance or similar field
ASA, ACIA, FSA or FCIA designation
Chartered Enterprise Risk Analyst (CERA), Certificate in Risk Management (CRM), Financial Risk Manager (FRM), CIP (Chartered Insurance Professional), or other relevant risk management designations
Strong analytical and problem-solving skills
Ability to work independently on complex projects
Proven ability to meet tight deadlines while multi-tasking
Demonstrated ability to collaborate effectively to deliver on organizational goals
Excellent written and verbal communication skills

What we pay…

External Salary Range: $85,000 - $110,000

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…