Actuarial Manager

Sagen; Oakville; Hybrid; CAD 90,000 - 120,000; Full time

Job summary

Sagen is seeking an Actuarial Manager to lead key initiatives and support the execution of actuarial services. This role involves preparing insurance contract valuations, improving loss projection models, and leveraging stakeholder skills in a collaborative environment. The successful candidate will have strong analytical abilities, attention to detail, and will actively contribute to a diverse and inclusive workplace.

Benefits

Competitive compensation

Annual performance bonus

Medical and dental benefits

Company funded pension plan

Matching RRSP, TFSA, and/or Non-registered Savings Plans

Work from anywhere days

Qualifications

• Actively pursuing FSA/FCAS or similar financial professional designation.
• Minimum 5 years of actuarial experience in financial services, preferably in mortgage insurance.

Responsibilities

• Preparation of monthly, quarterly, and annual Insurance Contract Liability valuations.
• Execution of Financial Condition Testing (FCT) and support ORSA and capital management processes.
• Work cross-functionally on modeling, business planning, and data analytics.

Skills

Analytical skills

Problem-solving skills

Stakeholder management

Attention to detail

Communication

Education

Bachelor’s degree in actuarial sciences, mathematics, statistics, economics or a related field

Tools

R

Python

Job description

Sagen is Canada’s leading private mortgage insurance company making home ownership more accessible to first time homebuyers. For the past 30 years we have been focused on being the most trusted partner for lenders and brokers.

Our expertise in superior customer service, thought leadership, and industry knowledge has allowed us to be a driving force for our most important stakeholder, our valued customers. Our best-in-class team across the country work tirelessly to make every deal the most important deal. We are 100% Canadian-owned and believe in helping all Canadians achieve their dream of homeownership.

Sagen’s collaborative culture inspires our people to be authentic and curious while pursuing excellence in what they do.

Ready to make an impact?

Reporting to the Director, Actuarial Services, the Actuarial Manager will lead key actuarial initiatives and support the strategic development and execution of actuarial services across the organization.

Here is where you will be focusing to ensure your success.

• Responsible for the preparation of monthly, quarterly, and annual Insurance Contract Liability valuations and contribute to the development of the Appointed Actuary’s Report.
• Responsible for the execution of Financial Condition Testing (FCT) and support ORSA and capital management processes, providing actuarial insights and recommendations to senior management.
• Work cross-functionally on initiatives with Controllership, Modelling, FP&A, and IT, including on enhancements to loss projection models, business planning, and data analytics/RnD related projects.
• Validate and enhance loss projection models and other models related to the actuarial use case, ensuring consistency with professional standards and internal governance frameworks.
• Support the Director, Actuarial Services in interactions with external stakeholders.
• Responsible for solving non-traditional actuarial challenges with a focus on tail risk.

What we are looking for.

• Bachelor’s degree in actuarial sciences, mathematics, statistics, economics or a related field.
• Actively pursuing FSA/FCAS or similar financial professional designation.
• Minimum 5 years of progressive actuarial experience in financial services, preferably including mortgage insurance or related sectors.
• Advanced programming proficiency in R, Python, or equivalent. Strong knowledge of IFRS 17, Canadian regulatory frameworks, and actuarial modeling best practices.
• Developed communication and stakeholder management skills enabling the exchange of sometimes complex information with a non-technical audience both internally and outside the organization.
• Progressive experience with IFRS 17 reserving and predictive modelling preferred.
• Familiar with Canadian regulatory valuation requirements for quarterly and annual reporting.
• Superior analytical and problem-solving skills.
• Attention to detail, with the ability to complete the actuarial reporting processes accurately using fact-based analysis.
• A self-starter with the ability to work independently. Adaptable and enjoys working in a fast-paced environment.
• Strong organizational skills with ability to manage multiple priorities.
• Demonstrated ability to contribute to a positive work environment by actively participating in department initiatives and engaging in open communication and adaptability to enhance overall department performance.

#LI-Hybrid

This position requires work from our Oakville office but offers a flexible hybrid work model that allows employees to work remotely from their home office.

What's In It for you!

At Sagen we understand that your health and financial well-being are equally important and offer a total rewards package that includes competitive compensation, annual performance bonus, medicaland dental benefits, company funded pension plan, matching RRSP, TFSA and/or Non-registered Savings Plans, work from anywhere days, and an environment that creates a sense of belonging to inspire you to be your very best.

Ready to join Sagen

At Sagen, we are committed to building a diverse and inclusive workplace, as evidenced by our partnerships with the Canadian Centre for Diversity and Inclusion (CCDI) and Black Mentorship Inc. We strive to create a sense of belonging where all employees, from every background and ability, are welcomed, respected, and empowered to be their authentic selves.

Throughout the selection and hiring process, we encourage candidates to request accommodation to meet their individual needs.