AVP, Life Pricing and Advanced Analytics

The Independent Order of Foresters - Canada; Toronto; Hybrid; CAD 180,000 - 260,000; Full time

Benefits offered by this job

Hybrid work

Job summary

Foresters Financial Services, Inc. seeks an AVP, Life Pricing and Advanced Analytics to lead pricing and financial analysis for Canadian and U.S. life products. You will provide actuarial leadership for new product development, including IUL in the U.S., and guide underwriting strategy and analytics.

You will report to the Chief Actuary, collaborate with Product, Underwriting and Finance, and influence senior stakeholders with actionable insights on pricing, risk and product strategy.

Qualifications

• Leads actuarial pricing and financial analysis for life products across Canada and the U.S.
• Provides leadership for new product development and major product changes
• Applies advanced analytics to underwriting and pricing decisions
• Manages communications with senior management and stakeholders on pricing and product strategy

Responsibilities

• Lead actuarial pricing and financial analysis for life insurance products in Canada and the U.S.
• Provide leadership for new product development and significant product changes, including IUL in the U.S.
• Oversee underwriting initiatives and advanced analytics related to mortality and risk
• Lead reinsurance evaluation and partner with internal stakeholders on negotiations

Skills

Leadership

Pricing & Analytics

Underwriting Expertise

Team Development

Education

Fellowship designation (FSA/FCIA)

Job description

Career Opportunity Role Title AVP, Life Pricing and Advanced Analytics

Purpose of role

The Assistant Vice President (AVP), Life Product Pricing and Advanced Analytics is responsible for leading the pricing and financial analysis of Foresters’ life insurance products across Canada and the U.S., ensuring products deliver competitive customer value while meeting the organization’s profitability, capital and risk objectives. The role will provide actuarial leadership for new product development and product changes, including the development of Index Universal Life (IUL) in the U.S.; underwriting strategy and innovation; and life reinsurance strategy and relationships. Reporting to the Chief Actuary, the AVP will work closely with Product, Underwriting, Distribution, Finance, Risk and other business partners to support informed product and business decisions.

Job Description Key Responsibilities

• Life Product Pricing Lead actuarial pricing and financial analysis for life insurance products across Canada and the U.S. Provide actuarial leadership for new product development and significant product changes, including the development and launch of Index Universal Life (IUL) in the U.S. Develop and evaluate pricing assumptions, profitability targets and appropriate sensitivities to support sound product decisions Assess emerging experience and business results and recommend pricing or product actions where appropriate Ensure pricing activities comply with applicable actuarial standards and Foresters’ product and actuarial governance requirements
• Underwriting & Advanced Analytics Partner with Underwriting and other business stakeholders on the development and evaluation of underwriting initiatives, including accelerated underwriting Apply actuarial analysis and advanced analytics to evaluate mortality, underwriting outcomes, risk selection and other drivers of product performance Translate emerging experience and analytical insights into actionable recommendations for pricing, underwriting and product strategy Support the development of appropriate frameworks for measuring the financial and risk impacts of changes to underwriting practices
• Reinsurance Strategy & Management Lead the actuarial evaluation of life reinsurance strategy, including the financial and risk implications of alternative structures Lead or support reinsurance negotiations in partnership with internal stakeholders Serve as a key relationship manager for Foresters’ life reinsurance partners Monitor reinsurance market developments and identify opportunities to improve financial outcomes, risk management and product competitiveness
• Leadership & Stakeholder Engagement Lead and develop a high-performing team of actuarial professionals Build strong partnerships across Product, Underwriting, Distribution, Finance, Risk and other business functions Communicate complex pricing, underwriting and reinsurance issues clearly to senior management and decision-making forums Provide actuarial insight and thought leadership on product strategy, emerging experience and industry developments

Key Qualifications

• Fellowship designation (FSA and/or FCIA) with 10+ years of relevant actuarial experience
• Strong life insurance product pricing and development experience in Canada and/or the U.S.; experience across both markets is an asset
• Strong understanding of life insurance product economics, profitability, capital and risk considerations
• Experience with Universal Life and/or Index Universal Life would be a strong asset
• Experience with underwriting, mortality analysis, accelerated underwriting or related advanced analytics is highly desirable
• Strong understanding of life reinsurance structures and demonstrated experience working with reinsurers
• Proven leadership experience with the ability to develop teams and influence across functions
• Strong analytical and problem-solving skills, with the ability to make sound business decisions in complex situations
• Excellent communication skills, including the ability to translate technical actuarial analysis into clear business recommendations for senior stakeholders
• Results oriented, commercially minded and able to balance multiple priorities while maintaining a strong focus on quality and execution.

#LI-Hybrid

The actual base salary for this position will depend on several factors, including job-related skills, experience, and education. In addition to base pay, eligible employees may participate in a discretionary variable incentive plan, results are subject to both individual and company performance.

Equal Opportunity Employment and Inclusion – at Foresters Financial, we are committed to sustaining an equal opportunity environment for all job applicants. We embrace Inclusion, Diversity and Equity (IDE) as a core strategic objective for building strong, innovative teams in which all our employees can show up wholly and authentically as themselves.

Foresters Financial strives to provide an accessible candidate experience for prospective employees with different abilities. If you anticipate needing any type of accommodations during the recruitment process, please email [e-mail] in advance of your appointment.

Thank you for choosing Foresters. Only those candidates who will be selected for further consideration will be contacted by our Talent Acquisition Team.

Foresters Financial is an international financial services provider with a unique history that began in 1874 when we set out to provide access to life insurance for average, working families. More than 150 years later, we provide life insurance, savings, retirement and investment solutions that help families achieve long-term financial health and security.