Actuary

Financial Services Regulatory Authority of Ontario; Toronto; On-site; CAD 88,000 - 133,000; Full time

Job summary

A financial regulatory authority in Ontario is seeking a qualified actuary to provide expertise in pension fund risk assessment and compliance. The successful candidate will lead projects and advise management on complex actuarial matters, requiring a FCIA designation and strong project management skills. The role offers a competitive compensation range of $88,496 to $132,979 and requires a commitment to diversity and inclusivity.

Qualifications

• Demonstrated knowledge of actuarial theory and practices related to pension plans.
• Strong understanding of risk management principles for evaluating pension plan sustainability.
• Proven ability to provide technical advice on actuarial issues.

Responsibilities

• Provide actuarial expertise within the Pensions Team.
• Lead the development and implementation of the risk and compliance program.
• Negotiate compliance with pension plan administrators.

Skills

Project management skills

Communication skills

Leadership skills

Analytical skills

Education

Fellow of the Canadian Institute of Actuaries (FCIA)

Job description

Description

PURPOSE OF POSITION

As a member of the Pensions Team, you will provide actuarial expertise and leadership in the assessment, monitoring and solutions on significant financial risk inherent in pension plans.

KEY RESPONSIBILITIES :

Providing senior level expertise in the development and implementation of the risk and compliance program, including related processes, procedures, and standards.

Conducting, reviewing, and analyzing large, complex and / or high-profile pension plan submissions including asset transfers and windups to determine and assess compliance with legislation and regulations, FSRA policies and procedures and actuarial standards.

Negotiating with pension plan administrators / actuaries to achieve voluntary compliance.

Acting as a consultant and advisor on complex issues and during the enforcement action process; acting as an expert witness at legal hearings.

Leading and / or conducting projects related to the development, analysis and implementation of actuarial and investment policies, procedures, processes, and systems.

QUALIFICATIONS :

Specialized Knowledge and Experience

Mandatory – Fellow of the Canadian Institute of Actuaries (FCIA)

Demonstrated knowledge of actuarial theory, principles, and practices, including professional standards, valuation methods, and techniques related to pension plans to conduct actuarial reviews of large, complex, and high-profile pension plans and to evaluate pension plan risk exposure.

Proven knowledge of, and skills in the design and management of pension plans and investment of pension funds.

Demonstrated knowledge of risk management principles and practices to evaluate pension plan sustainability risks, and of current pension plan issues and trends to advise senior management on pension regulatory matters.

Skills

Proven project management and leadership skills to lead the risk and compliance program and related projects.

Demonstrated communication, presentation, and consultation skills to provide expert technical advice and make recommendations to senior management on actuarial issues and risk mitigation strategies; to explain / discuss actuarial reviews / opinions and to facilitate regulatory activity with diverse groups of pension stakeholders.

Proven written communication skills to prepare project plans and actuarial and investment analytical and assessment reports.

Proven skills to interpret and advise on the application and development of new legislation, regulations, and policies from an actuarial perspective.

Job Posting End Date :

08 / 11 / 2025

Job postings close at 11 : 59pm on the date noted.

Compensation Grade : Actuary 7 - AMAPCEO

Compensation Range : 88,496.00

132,979.00

Bargaining Unit : AMAPCEO

Job Code : Job Code : 7A001N

Employment Type : Regular

Scheduled Weekly Hours :

36.25

FSRA is committed to ensuring equity in employment. Our goal is to create a diverse, inclusive workforce that reflects the communities we serve and to ensure our services and communications are accessible to all individuals. Accommodation is available under the Ontario Human Rights Code.

NOTE : ONLY QUALIFIED CANDIDATES WILL BE CONSIDERED