Senior Analyst, Prudential Supervision

Government of Alberta; Edmonton; On-site; CAD 77,000 - 100,000; Full time

Job summary

The Government of Alberta, located in Edmonton, is seeking a Senior Analyst for Prudential Supervision to lead regulatory activities across insurers and hold a key role in risk management and governance. This permanent full-time position runs 36.25 hours per week and is based in the Terrace Building, downtown Edmonton.

Applicants should have a related university degree and at least two years of experience in the insurance or financial sectors; professional designations are a plus.

Qualifications

• University degree in a related field (business, accounting, finance, economics, or risk management) with at least two years of related work experience.
• Related work experience includes insurance, financial analysis, accounting, analytics, or risk management.
• Asset: professional accounting or insurance designations (CPA, CIP, FCIP, ACIA, FCIA) are advantageous.

Responsibilities

• Supervising solvency, governance, compliance, and risk management practices of insured entities under Alberta regulation.
• Conducting examinations of regulated entities following a risk-based supervisory framework.
• Reviewing capital management, reinsurance, investment, outsourcing, and other risk policies for insured entities.
• Reviewing compliance with legislation and regulations; identifying non-compliance and proposing solutions.
• Reviewing licensing changes and renewal of Financial Responsibility Cards through desk reviews.
• Monitoring unlicensed insurance reporting compliance and assisting with examinations and onsite reviews.
• Assisting with Recovery of Administration Costs regulation and invoicing across Alberta's insurance entities.

Skills

Regulatory oversight

Financial analysis

Risk assessment

Examinations

Communication

Education

University degree in business/finance/risk management

CPA/CIP/FCIP/ACIA/FCIA designation (asset)

Job description

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Job InformationJob Title: Senior Analyst, Prudential Supervision Job Requisition ID: 87113 Ministry: Treasury Board & Finance Location: Edmonton Full or Part-Time: Full Time Hours of Work: 36.25 hours per week Permanent/Temporary/Wage: Permanent Scope: Open Competition Closing Date:September 1, 2026 Classification: Program Services 3 Salary: $ 2,935.39 to $ 3,850.29 bi-weekly ($76,614 - $100,493/year) The Alberta Public Service works to build a stronger province for current and future generations. We make a difference in the lives of Albertans through rewarding and diverse career opportunities. For more information, clickhere .

The Ministry of Treasury Board and Finance (TBF) is responsible for budget planning, financial management and economic analysis, and the administration of tax and revenue programs. In addition, TBF undertakes policy and regulatory oversight of Alberta’s financial securities, insurance and pension sectors.

Committed to responsible fiscal management, TBF supports government’s fiscal planning by coordinating the budget, quarterly and overall Treasury Board processes, and by working closely with ministries to efficiently and effectively deliver programs and services.

For further information about Treasury Board and Finance, see our website at http://www.finance.alberta.ca

Operating under the authority of the Alberta Superintendent of Insurance, the Prudential Supervision section of the Insurance Regulation and Market Conduct Branch (Financial Sector Regulation and Policy) has the mandate to regulate and supervise provincially incorporated insurance companies, reciprocal insurance exchanges, captive insurance companies, exempt entities, and Special Brokers. These activities include receiving, reviewing and approving required filings, performing examinations of institutions, regulatory oversight of insurers operating in Alberta, interpreting legislation, and making recommendations with respect to insurance sector policy.https://www.alberta.ca/insurance.aspx

Role Responsibilities

Reporting to the Manager, Prudential Supervision, Insurance Regulation and Market Conduct, you will serve as a supplementary Relationship Manager and be responsible for managing and conducting the regulatory and supervisory activities necessary to ensure the operational safety and soundness of the following regulated insurance entities: In this position, you will work closely with Alberta’s regulated insurance entities providing guidance and information, conducting examinations, reviewing new licence or change applications for licensing or incorporation in Alberta, and supporting the issuance of assessments levied to insurance entities operating in Alberta. You will review and assess industry trends, risks, and changes, and contribute alternatives and recommendations to ensure Alberta’s supervisory objectives continue to be met. This Senior Analyst position is responsible for fulfilling other Branch responsibilities including, but not limited to:

• Supervising the solvency, governance, compliance, and risk management practices of insurance entities for which Alberta is the primary regulator, using acute problem solving and interpretive skills to monitor, analyze, and evaluate complex and technical financial information.
• Conducting examinations of regulated entities in accordance with a risk-based supervisory framework, inclusive of regular desk examinations and onsite reviews.
• Reviewing, analyzing, and providing recommendations on the capital management, reinsurance, investment, outsourcing, and other risk mitigation policies and procedures of regulated entities in relation to the nature, size, complexity, and risk profile of their operation.
• Reviewing compliance with legislation and regulations, identifying areas of non-compliance, and using independent judgement to identify and explore areas of concern and recommend acceptable solutions.
• Reviewing and analyzing new licence and change applications for licensing or incorporation in Alberta, and overseeing the renewal of Financial Responsibility Cards through risk-based desk review.
• Monitoring unlicensed insurance reporting compliance, including providing details of legislative reporting requirements to industry and consumers, and assisting with desk examinations and onsite reviews.
• Supporting the administration of the Recovery of Administration Costs regulation, including calculating fees payable and assisting with the invoicing and collection of industry-wide assessments levied to roughly 235 insurance entities operating in Alberta.

Supporting harmonized financial reporting and supervisory processes across Canadian jurisdictions by participating on committees with regulators across Canada and making recomm

The Job Description is provided for Further details on this position.

Competencies are behaviors that are essential to reach our goals in serving Albertans. We encourage you to have an in depth understanding of the competencies that are required for this opportunity and to be prepared to demonstrate them during the recruitment process.

• Agility: You anticipate, assess, and readily adapt to changing priorities when working with regulated entities, applying problem solving and interpretive skills to monitor, analyze and evaluate complex and technical financial information while managing a number of initiatives simultaneously.
• Systems Thinking: You anticipate outcomes and potential impacts across interrelated legislation, entities and risks, and understand how changes in the insurance marketplace can affect regulated entities – recommending adjustments to supervision to account for these changes.
• Creative Problem Solving: You break apart complex problems and engage the right people to identify risks and recommendations, using considerable professional judgment where standards are evolving and existing rules and guidelines do not provide a complete answer.
• Drive for Results: You execute the Branch’s prudential supervision plan while maximizing available resources and manage a large volume of work with care and attention to the recommended course of action.
• Building Collaborative Environments: You maintain open communication with regulated entities and your team to enable proactive supervision and represent Alberta with regulators across Canada to advance shared regulatory outcomes.

Qualifications

The position requires a university degree in a related field (such as business, accounting, finance, economics, or risk management) and a minimum of two years of related work experience. Related work experience includes the insurance industry, financial analysis, accounting, analytics, or risk management.

• 1 year of education for 1 year of experience;
• 1 year of experience for 1 year of education.

The following would be considered an asset:

• A professional accounting or analytical designation, or related insurance industry qualifications (e.g., CPA, CIP, FCIP, ACIA, FCIA);
• Knowledge of the Insurance Act and related legislation and regulations, as well as the applicable supervisory guidelines and framework;
• Knowledge of, and experience in, the insurance industry, including property and casualty and/or life insurance;
• An understanding of the specific tests, procedures, and financial analyses carried out to achieve regulatory objectives;
• Expertise in Enterprise Risk Management and corporate governance best practices;
• Awareness of International Financial Reporting Standards (IFRS) and audit systems;
• Knowledge of, or experience with, international, federal, and provincial regulatory guidelines and processes;
• Demonstrated ability to communicate effectively and collaborate strategically with a variety of stakeholders while balancing the needs and interests of different groups

Directly related education or experience may be considered on the basis of 1 year of education for 1 year of experience, or 1 year of experience for 1 year of education. For example, a related two-year diploma combined with additional years of related experience will be considered.

A cover letter outlining how your experience relates to the qualifications and assets listed above is required and will help us to better understand your fit for this role.

Permanent full-time position working 36.25 hours per week, Monday to Friday (In-office). Location is in the Terrace Building, 9515 107 Street NW, in downtown Edmonton

Candidates may be asked to participate in a written assessment.

Candidates with lesser qualifications may be considered at a lower classification and salary. This competition may be used to fill current and future vacancies at equal or lesser classification across the Government of Alberta.

Final candidates will be required to undergo a security screening.

• Final candidates will be required to undergo a criminal records check (CRC).
• Applicants being considered for this position will be required to complete a level 1 Security screening (including an enhanced criminal record check as part of the pre-employment checks for this position.

Any costs associated with obtaining the required documents/checks as noted or interview travel expenses, will be the responsibility of the candidate. Out-of-province applicants can obtain the required documents/checks from the province they currently reside in.

Links and information on what we have to offer:

• Positive workplace culture and work-life balance.

Closing StatementThis competition may be used to fill future vacancies, across the Government of Alberta, at the same or lower classification level. We thank all applicants for their interest. All applications will be reviewed to determine which candidates' qualifications most closely match the advertised requirements. Only individuals selected for interviews will be contacted. If you require any further information on this job posting or require an accommodation during the recruitment process, please contact Connie Piosca at [e-mail] .